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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000001750-02-000047.txt : 20020920
<SEC-HEADER>0000001750-02-000047.hdr.sgml : 20020920
<ACCEPTANCE-DATETIME>20020828110850
ACCESSION NUMBER:		0000001750-02-000047
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020815
FILED AS OF DATE:		20020826
DATE AS OF CHANGE:		20020920

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CLARK JAMES JOHN
		CENTRAL INDEX KEY:			0001182639
		RELATIONSHIP:				OFFICER

	FILING VALUES:
		FORM TYPE:		3

	BUSINESS ADDRESS:	
		STREET 1:		1100 N WOOD DALE RD
		CITY:			WOOD DALE
		STATE:			IL
		ZIP:			60191

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AAR CORP
		CENTRAL INDEX KEY:			0000001750
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT & PARTS [3720]
		IRS NUMBER:				362334820
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0531

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06263
		FILM NUMBER:		02750495

	BUSINESS ADDRESS:	
		STREET 1:		1100 N WOOD DALE RD
		CITY:			WOOD DALE
		STATE:			IL
		ZIP:			60191
		BUSINESS PHONE:		6302272000

	MAIL ADDRESS:	
		STREET 1:		1100 N WOOD DALE RD
		CITY:			WOOD DALE
		STATE:			IL
		ZIP:			60191

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALLEN AIRCRAFT RADIO INC
		DATE OF NAME CHANGE:	19700204
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>jjcfm3_802.txt
<DESCRIPTION>FORM 3 FOR JAMES J. CLARK
<TEXT>
1. Name and Address of Reporting Person
   Clark, James J.
   1100 N. Wood Dale Road
   Wood Dale, IL 60191-
2. Date of Event Requiring Statement (Month/Day/Year)
   08/15/2002
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
   AAR CORP. (AIR)
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   ( ) Director                   ( ) 10% Owner
   (X) Officer (give title below) ( ) Other (specify below)
   Vice President
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
   (X) Form filed by One Reporting Person
   ( ) Form filed by More than One Reporting Person
<TABLE>
TABLE I -- Non-Derivative Securities Beneficially Owned
<CAPTION>
+------------------------------------------+----------------------+----------------+-----------------------------------------------+
|1. Title of Security                      |2. Amount of          |3. Ownership    |4. Nature of Indirect Beneficial Ownership     |
|                                          |   Securities         |   Form:        |                                               |
|                                          |   Beneficially Owned |   Direct(D) or |                                               |
|                                          |                      |   Indirect(I)  |                                               |
+------------------------------------------+----------------------+----------------+-----------------------------------------------+
<S>                                         <C>                    <C>              <C>
Common Stock                                15093                  D
</TABLE>

<PAGE>

<TABLE>
TABLE II -- Derivative Securities Beneficially Owned
<CAPTION>
+-----------------------+---------------------+---------------------------------+----------+-------------+-------------------------+
|1.Title of Derivative  |2.Date Exercisable   |3.Title and Amount of Securities |4.Conver- |5.Ownership  |6. Nature of Indirect    |
|  Security             |  and Expiration Date|  Underlying Derivative          | sion or  | Form of     |   Beneficial Ownership  |
|                       |  (Month/Day/Year)   |  Security                       | Exercise | Derivative  |                         |
|                       +----------+----------+-----------------------+---------+ Price of | Security:   |                         |
|                       | Date     | Expira-  |                       |Amount or| Deri-    | Direct(D) or|                         |
|                       | Exer-    | tion     |         Title         |Number of| vative   | Indirect(I) |                         |
|                       | cisable  | Date     |                       |Shares   | Security |             |                         |
+-----------------------+----------+----------+-----------------------+---------+----------+-------------+-------------------------+
<S>                      <C>        <C>        <C>                     <C>       <C>        <C>           <C>
Stock Option             01/12/1994 01/12/2003 Common Stock            3000 <F1> $8.0834    D
Stock Option             07/09/2003 07/09/2012 Common Stock            25000     $8.59      D
                         <F2>                                          <F3>
Stock Option             07/09/2009 07/09/2012 Common Stock            5000 <F3> $8.59      D
                         <F4>
Stock Option             01/17/1996 01/17/2005 Common Stock            3750 <F5> $9.1667    D
Stock Option             01/11/1995 01/11/2004 Common Stock            3375 <F6> $10        D
Stock Option             10/11/1996 10/11/2005 Common Stock            3750 <F7> $11.6667   D
Stock Option             07/11/2001 07/11/2010 Common Stock            20000     $13.4375   D
                         <F8>                                          <F3>
Stock Option             07/10/2002 07/10/2011 Common Stock            15000     $14.9      D
                         <F8>                                          <F3>
Stock Option             10/09/1997 10/09/2006 Common Stock            4500 <F3> $16.0834   D
Stock Option             10/14/1999 10/14/2008 Common Stock            8750 <F3> $17.75     D
                         <F8>
Stock Option             07/13/2000 07/13/2009 Common Stock            12750     $22.625    D
                         <F8>                                          <F3>
Stock Option             10/08/1998 10/08/2007 Common Stock            6000 <F3> $23.0834   D
                         <F8>
Stock Option             07/28/1997 01/12/2003 Common Stock            792 <F9>  $24.4584   D
Stock Option             07/28/1997 01/11/2004 Common Stock            827 <F9>  $24.4584   D
Stock Option             07/28/1997 01/17/2005 Common Stock            561 <F9>  $24.4584   D
Stock Option             07/28/1997 10/11/2005 Common Stock            357 <F9>  $24.4584   D

Explanation of Responses:
<FN>
<F1>
2,400 shares of this grant have been exercised; 600 shares remain exercisable.
Grantee may elect to pay the exercise price of the option or any tax withholding
obligation in connection therewith by directing the Company to withhold a
portion of the shares otherwise distributable to the grantee upon exercise or by
transferring to the Company previously acquired shares valued at the fair market
value on such taxable date.
<F2>
20% of grant shares exercisable upon the first to occur of (i) the date the
average share price equals or exceeds a 10% increase in share value (subject to
a minimum vesting waiting period of 6 months from date of grant), or (ii) next
grant anniversary date.
<F3>
Grantee may elect to pay the exercise price of the option or any tax withholding
obligation in connection therewith by directing the Company to withhold a
portion of the shares otherwise distributable to the grantee upon exercise or by
transferring to the Company previously acquired shares, valued at their fair
market value on such taxable date.
<F4>
Shares become exercisable upon the first to occur of (i) the date the rolling
20-day average NYSE closing price equals or exceeds $10.74 (subject to a minimum
vesting waiting period of 6 months from date of grant), and (ii) July 9, 2009.
<F5>
1,500 shares of this grant have been exercised; 2,250 shares remain unexercised.
Grantee may elect to pay the exercise price of the option or any tax withholding
obligation in connection therewith by directing the Company to withhold a
portion of the shares otherwise distributable to the grantee upon exercise or by
transferring to the Company previously acquired shares valued at the fair market
value on such taxable date.
<F6>
2,025 shares of this grant have been exercised; 1,350 shares remain unexercised.
Grantee may elect to pay the exercise price of the option or any tax withholding
obligation therewith by directing the Company to withhold a portion of the
shares otherwise distributable to the grantee upon exercise or by transferring
to the Company previously acquired shares valued at the fair market value on
such taxable date.
<F7>
750 shares of this grant have been exercised; 3,000 shares remain unexercised.
Grantee may elect to pay the exercise price of the option or any tax withholding
obligation in connection therewith by directing the Company to withhold a
portion of the shares otherwise distributable to the grantee upon exercise or by
transferring to the Company previously acquired shares valued at the fair market
value on such taxable date.
<F8>
20% of shares become exercisable each grant anniversary date.
<F9>
Reload option resulting from withholding of stock in payment of exercise price.
</FN>
</TABLE>

SIGNATURE OF REPORTING PERSON
/s/ James J. Clark

DATE
08/23/2002

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