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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000088205-95-000004.txt : 19951012
<SEC-HEADER>0000088205-95-000004.hdr.sgml : 19951012
ACCESSION NUMBER:		0000088205-95-000004
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19950929
ITEM INFORMATION:		Changes in control of registrant
FILED AS OF DATE:		19951011
SROS:			NYSE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPX CORP
		CENTRAL INDEX KEY:			0000088205
		STANDARD INDUSTRIAL CLASSIFICATION:	METALWORKING MACHINERY & EQUIPMENT [3540]
		IRS NUMBER:				381016240
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06948
		FILM NUMBER:		95579921

	BUSINESS ADDRESS:	
		STREET 1:		700 TERRACE POINT DR
		CITY:			MUSKEGON
		STATE:			MI
		ZIP:			49443
		BUSINESS PHONE:		6167245000

	MAIL ADDRESS:	
		STREET 1:		700 TERRACE POINT DRIVE
		CITY:			MUSKEGON
		STATE:			MI
		ZIP:			49443

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SEALED POWER CORP
		DATE OF NAME CHANGE:	19880515
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<TEXT>




             Securities and Exchange Commission
                   Washington, D.C. 20549
                              
                              
                              
                          FORM 8-K
                              
                              
                              
                       CURRENT REPORT
 Pursuant to Section 13 or 15(d) of the Securities Exchange
                         Act of 1934
                              
                              
                              
                              
             Date of Report: September 29, 1995
                              
                              
                              
                              
                       SPX Corporation
     (Exact name of registrant as specified in charter)
                              
                              
                              
     Delaware            1-6948              38-1016240
(State or other       (Commission         (I.R.S. Employer
 Jurisdiction of       File Number         Identification
 Incorporation)                            Number)


     700 Terrace Point Drive, Muskegon, Michigan   49443-3301
     (Address of principal executive offices)      (Zip Code)


     Registrant's telephone number, including area code:
     (616) 724-5000

Item 5. Other Events

      On  September 29, 1995, the company completed the sale
of  certain equipment leases in the lease portfolio  of  SPX
Credit  Corporation  to  Textron  Financial  Corporation,  a
wholly  owned subsidiary of Textron Inc.  Textron  Financial
Corporation   is  a  leading  North  American  provider   of
commerical  financial services.  SPX received  approximately
$71  million  from  the transaction.   In  the  future,  SPX
customers  will  obtain financing through Textron  Financial
Corporation.    Additionally,  operations  of   SPX   Credit
Corporation were ceased effective September 29, 1995.

       The  company  is  estimating  an  aftertax  loss   of
approximately  $3 million on the sale of the leases  and  on
its  discontinuation  of SPX Credit Corporation  operations.
The  loss will be reported during the third quarter as  part
of  discontinued operations and reflects transaction  costs,
certain   repurchase  obligations  to  the  buyer   of   the
portfolio,    and   other   costs   resulting    from    the
discontinuation of the leasing operation.

                         SIGNATURES


      Pursuant to the requirement of the Securities Exchange
Act  of 1934, the registrant has duly caused this report  to
be  signed  on  its behalf by the undersigned hereunto  duly
authorized.

                         SPX CORPORATION
                         (registrant)



Dated: October 11, 1995             By:
                                        William L. Trubeck
                                        Senior Vice President, Finance,
                                        and Chief Financial and
                                        Accounting Officer

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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