FORM 10-Q
                                        
                       SECURITIES AND EXCHANGE COMMISSION
                                        
                             WASHINGTON, D.C.  20549
                                        
               Quarterly Report Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934



                  For the quarterly period ended March 31, 1995

                         Commission file number 1-10716


                               TRIMAS CORPORATION                       
             (Exact name of registrant as specified in its charter)
                                        
                                        
                                        
                 Delaware                                  38-2687639    
          (State or other jurisdiction of               (I.R.S. Employer
         incorporation or organization)                Identification No.)
                                        
                                        
                                        
          315 East Eisenhower Parkway, Ann Arbor, Michigan    48108     
          (Address of principal executive offices)           (Zip Code)
                                        
                                        
                                        
                                 (313) 747-7025                          
                               (Telephone number)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                              Yes   X     No      


Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.


                                             Shares Outstanding at            
            Class                               April 28, 1995    

Common Stock, $.01 Par Value                      36,652,152         








                               TRIMAS CORPORATION

                                      INDEX



                                                          Page No.


Part I.    Financial Information

           Item 1.   Financial Statements

                     Consolidated Condensed Balance Sheets -
                        March 31, 1995 and December 31, 1994     1

                     Consolidated Condensed Statements of
                        Income for the Three Months
                        Ended March 31, 1995 and 1994            2

                     Consolidated Condensed Statements of
                        Cash Flows for the Three Months
                        Ended March 31, 1995 and 1994            3

                     Notes to Consolidated Condensed
                        Financial Statements                     4

           Item 2.   Management's Discussion and Analysis
                        of Financial Condition and Results
                        of Operations                            5


Part II.   Other Information and Signature                       8 






                         PART I.  FINANCIAL INFORMATION
Item 1.  Financial Statements
                       TRIMAS CORPORATION AND SUBSIDIARIES
                      CONSOLIDATED CONDENSED BALANCE SHEETS


                                    March 31,         December 31, 
                                       1995               1994     
                                    (Unaudited)                    
Assets
Current assets:
      Cash and cash equivalents     $102,750,000      $107,670,000 
      Receivables                     89,180,000        64,190,000 
      Inventories                     80,670,000        79,560,000 
      Other current assets             3,300,000         3,590,000 

            Total current assets     275,900,000       255,010,000 

Property and equipment               168,410,000       168,380,000 
Excess of cost over net assets
  of acquired companies              148,100,000       149,160,000 
Notes receivable                       9,490,000         9,960,000 
Other assets                          32,610,000        32,630,000 

            Total assets            $634,510,000      $615,140,000 

Liabilities and Shareholders' 
Equity 
Current liabilities:
      Accounts payable              $ 28,970,000      $ 21,590,000 
      Accrued liabilities             34,480,000        34,370,000 
      Current portion of 
        long-term debt                   250,000           280,000 

            Total current 
              liabilities             63,700,000        56,240,000 

Deferred income taxes and other       31,050,000        29,700,000 
Long-term debt                       238,400,000       238,600,000 

            Total liabilities        333,150,000       324,540,000 

Shareholders' equity:
Common stock, $.01 par value, 
  authorized 100 million shares, 
  outstanding 36.6 million shares        370,000           370,000 
Paid-in capital                      155,120,000       155,210,000 
Retained earnings                    148,280,000       136,310,000 
Cumulative translation adjustments    (2,410,000)       (1,290,000)

            Total shareholders' 
              equity                 301,360,000       290,600,000 

            Total liabilities and 
              shareholders' equity  $634,510,000      $615,140,000 


               The accompanying notes are an integral part of the
                       consolidated financial statements.
                                        1

                                  
                       TRIMAS CORPORATION AND SUBSIDIARIES
                   CONSOLIDATED CONDENSED STATEMENTS OF INCOME
                                   (UNAUDITED)



                                          Three Months Ended
                                              March 31,           
                                       1995               1994    

Net sales                          $147,600,000      $134,460,000 
Cost of sales                      (100,000,000)      (93,200,000)
Selling, general and 
  administrative expenses           (23,130,000)      (20,860,000)

      Operating profit               24,470,000        20,400,000 


Interest expense                     (3,740,000)       (2,840,000)
Other income (expense), net           1,480,000           630,000 

                                     (2,260,000)       (2,210,000)

Income before income taxes           22,210,000        18,190,000 
Income taxes                          8,770,000         7,360,000 

Net income                         $ 13,440,000      $ 10,830,000 

Earnings per common share:
      Primary                              $.36              $.29 
      Fully diluted                        $.34              $.28 

Dividends declared per common share        $.04              $.03 

Weighted average number of common
  and common equivalent shares
  outstanding:
      Primary                        36,996,000        37,040,000 
      Fully diluted                  42,090,000        42,123,000 



               The accompanying notes are an integral part of the 
                  consolidated condensed financial statements.



                                      2


                       TRIMAS CORPORATION AND SUBSIDIARIES
                 CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)



                                           Three Months Ended
                                                 March 31,        
                                             1995         1994    

CASH FROM (USED FOR):
  OPERATIONS:
      Net income                         $13,440,000  $10,830,000 
      Adjustments to reconcile net 
        income to net cash from 
        operations:
            Depreciation and 
              amortization                 5,410,000    5,300,000 
            Deferred income taxes            700,000      300,000 
            (Increase) decrease in 
              receivables                (24,520,000) (26,360,000)
            (Increase) decrease in 
              inventories                 (1,110,000)  (3,150,000)
            Increase (decrease) in 
              accounts payable and 
              accrued liabilities          7,490,000    7,600,000 
            Other, net                        20,000      (10,000)

              Net cash from (used for) 
                operations                 1,430,000   (5,490,000)

  INVESTMENTS:
      Capital expenditures                (4,650,000)  (6,470,000)

              Net cash from (used for)
                investments               (4,650,000)  (6,470,000)

  FINANCING:
      Retirement of long-term debt          (230,000)    (230,000)
      Common stock dividends paid         (1,470,000)  (1,100,000)

               Net cash from (used for)
                 financing                (1,700,000)  (1,330,000)

CASH AND CASH EQUIVALENTS:
  Increase (decrease) for the period      (4,920,000) (13,290,000)
  At beginning of period                 107,670,000   69,770,000 

      At end of period                  $102,750,000  $56,480,000 



               The accompanying notes are an integral part of the
                  consolidated condensed financial statements.


                                        3


                       TRIMAS CORPORATION AND SUBSIDIARIES

              Notes to Consolidated Condensed Financial Statements



A.   Basis of Presentation

     The accompanying unaudited consolidated condensed financial statements have
     been prepared in accordance with generally accepted accounting principles
     for interim financial information and with the instructions to Form 10-Q
     and Rule 10-01 of Regulation S-X.  Accordingly, they do not include all of
     the information and footnotes required by generally accepted accounting
     principles for complete financial statements.  In the opinion of
     management, all adjustments considered necessary for a fair presentation
     have been included, and such adjustments are of a normal recurring nature. 
     The year-end condensed balance sheet data was derived from audited
     financial statements, but does not include all disclosures required by
     generally accepted accounting principles.  For further information, refer
     to the consolidated financial statements and footnotes thereto included in
     the Company's annual report on Form 10-K for the year ended December 31,
     1994.  Certain amounts in the 1994 financial statements have been
     reclassified to conform with the current presentation.

B.   Inventories by component are as follows:

                                   March 31,             December 31,
                                      1995                  1994     

     Finished goods                $43,780,000           $44,860,000 
     Work in process                11,460,000            10,440,000 
     Raw material                   25,430,000            24,260,000 
                                   $80,670,000           $79,560,000 

C.   Property and equipment reflects accumulated depreciation of $106.4 million
     and $103.3 million as of March 31, 1995 and December 31, 1994,
     respectively.







                                        4


Item 2.    Management's Discussion and Analysis of Financial Condition and
           Results of Operations


Results of Operations


     Consolidated net sales during the first quarter of 1995 equaled $147.6
million, a new first quarter record, and represented a 9.8 percent increase over
the first quarter of 1994.  Each of the Company's reporting segments recorded
record first quarter sales during the 1995 quarter.  

     Net sales of the Towing Systems segment increased 15.5 percent to $48.2
million, compared to $41.7 million in the first quarter of 1994.  Demand remains
strong from many of the markets served by this segment including the marine
aftermarket, the automobile and recreational vehicle aftermarket and both the
marine and industrial OEM markets.  New product introductions continue to be a
key element of this segment's growth.  Sales of this segment, which follow
seasonal patterns reflecting strong market demand in the second quarter, have
also been aided by the trend of new vehicle sales toward light trucks and sport
utility vehicles.

     First quarter 1995 sales for the Specialty Fasteners segment were $39.0
million, a 10.5 percent increase over the same quarter in 1994.  Volume with
heavy-duty truck-related and other OEM and distribution markets continues to
grow as those customers continue to experience strong domestic and international
demand for their products.  Sales of aerospace fasteners and related products
increased primarily as a result of new product development and market share
gains.

     First quarter 1995 sales by the Specialty Container Products segment grew
to $42.7 million compared to the prior year's first quarter results of $41.2
million.  Sales of specialty container closures and compressed gas cylinders
improved as the industrial markets requiring these products 




                                        5


continued to strengthen.  The Corporate Companies segment first quarter sales of
$17.7 million increased 8.8 percent over last year's first quarter sales of
$16.3 million.

     The Company's consolidated gross margin percentage for the first quarter
1995 was 32.2 percent compared to 30.7 percent during last year's first quarter,
reflecting the volume sensitive nature of the Company's operations.  Maintaining
high gross margins is an important operating strategy of the Company as it helps
maximize earnings growth as a result of sales increases.

     The Company's consolidated operating profit for the first quarter 1995 of
$24.5 million represented a 20.0 percent increase over operating profit for the
first quarter of 1994.  Each of the Company's reporting segments experienced an
increase in operating profit over the first quarter of last year.  Consolidated
operating profit for the first quarter 1995 equaled 16.6 percent of net sales
compared to 15.2 percent of net sales for the comparable period in 1994.  The
improvement in profit was primarily the result of the previously mentioned
increased sales volumes, as well as successful cost reduction programs.

     Interest expense increased in the 1995 first quarter because of higher
prevailing interest rates.  Higher interest rates and increased average cash
balances resulted in more interest income, the major component of other income,
in the 1995 period.

     Net income of $13.4 million resulted in primary earnings per common share
of $.36, compared to first quarter 1994 primary earnings per common share of
$.29, both based on 37.0 million shares outstanding. Fully diluted earnings per
common share were $.34 compared to $.28 in the first quarter of 1994, both based
on 42.1 million shares outstanding.





                                        6


Liquidity, Working Capital and Cash Flows

     The Company's financial strategies include maintaining a relatively high
level of liquidity.  Historically, TriMas Corporation on an annual basis has
generated sufficient cash flows from operating activities to fund capital
expenditures, debt service and dividends while maintaining its strategic level
of liquidity.  At March 31, 1995 the current ratio was 4.3 to 1 and working
capital equaled $212.2 million, including $102.8 million of cash and cash
equivalents.  The Company had available credit of $228.0 million under its
revolving credit facility at March 31, 1995.  

     Cash and cash equivalents decreased $4.9 million and $13.3 million during
the first quarters of 1995 and 1994, respectively.     The Company's operating
activities provided $1.4 million during the first quarter 1995 and used $5.5
million during the same quarter of 1994.  Increases in first quarter sales
compared to the preceding year's fourth quarter contributed to increases in
receivables, primarily in the Towing Systems segment, of $24.5 million in the
first quarter 1995 and $26.4 million in the first quarter of 1994.  The cash
flow resulting from these increased receivables is historically realized later
in the year.  A corresponding increase in accounts payable and accrued
liabilities provided $7.5 million and $7.6 million, respectively, in the 1995
and 1994 first quarters.  Capital expenditures equaled $4.7 million in the first
quarter of 1995 and $6.5 million in the first quarter of 1994.  Common stock
dividends paid totaled $1.5 million for the first quarter of 1995 compared to
$1.1 million for the first quarter of 1994.

     The Company believes its cash flows from operations, along with its
borrowing capacity and access to financial markets, are adequate to fund its
strategies for future growth, including working capital, expenditures for
manufacturing expansion and efficiencies, market share initiatives, and
corporate development activities.







                                        7


                           PART II.  OTHER INFORMATION



Item 6.    Exhibits and Reports on Form 8-K


          (a)  Exhibits:

               11 Computation of Earnings Per Common Share
               12 Computation of Ratios of Earnings to Fixed Charges
               27 Financial Data Schedule

          (b)  Reports on Form 8-K:

                  None were filed during the quarter ended March 31, 1995.

                  











                                    SIGNATURE

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

                                        TRIMAS CORPORATION

Date:      May 5, 1995                  By:   /s/William E.  Meyers
                                              William E. Meyers
                                              Vice President - Controller
                                              (Chief accounting officer
                                               and authorized signatory)














                                        8


Exhibit Index



Exhibit
 Number                Description of Document

  11           Computation of Earnings Per Common Share.

  12           Computation of Ratios of Earnings to Fixed Charges.

  27           Financial Data Schedule

                             
                                                                 Exhibit 11
                       TRIMAS CORPORATION AND SUBSIDIARIES
                    COMPUTATION OF EARNINGS PER COMMON SHARE
                    (In Thousands, Except Per Share Amounts)

                                                Three Months Ended
                                                     March 31,        
                                               1995             1994    
Primary:

     Net income                              $13,440          $10,830   

     Weighted average common shares 
       outstanding                            36,644           36,644   
     Dilution of stock options                   352              396   

     Weighted average common and common 
       equivalent shares outstanding after 
       assumed exercise of options            36,996           37,040   

     Primary earnings per common share          $.36             $.29   

Fully diluted:

     Net income                              $13,440          $10,830   
     Add after tax convertible debenture 
       related expenses                          920              920   

     Net income as adjusted                  $14,360          $11,750   

     Weighted average common shares 
       outstanding                            36,644           36,644   
     Dilution of stock options                   363              396   
     Addition from assumed conversion of 
       convertible debentures                  5,083            5,083   

     Weighted average common and common 
       equivalent shares outstanding on a 
       fully diluted basis                    42,090           42,123   

     Fully diluted earnings per common share    $.34             $.28   




                                                 Exhibit 12

                 TRIMAS CORPORATION AND SUBSIDIARIES
          COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
                    (Dollar Amounts in Thousands)



                                          Three Months Ended
                                              March 31,        
                                           1995         1994 
Earnings:

      Income before income taxes          $22,210     $18,190
      Fixed charges                         3,990       3,090

      Earnings before fixed charges       $26,200     $21,280



Fixed Charges:

      Interest                            $3,790      $2,900
      Portion of rental expense              220         220

      Fixed charges                       $4,010      $3,120



Ratios of earnings to fixed charges          6.5         6.8
 

5 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM TRIMAS CORPORATION'S 1ST QUARTER 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 3-MOS DEC-31-1995 MAR-31-1995 102,750,000 0 91,040,000 1,860,000 80,670,000 275,900,000 274,840,000 106,430,000 634,510,000 63,700,000 238,400,000 370,000 0 0 300,990,000 634,510,000 147,600,000 147,600,000 100,000,000 100,000,000 0 0 3,740,000 22,210,000 8,770,000 13,440,000 0 0 0 13,440,000 .36 .34