2.3% Device Tax in new healthcare reform bill

Sheet: Balance Sheet

Sheet: Income Statement

Sheet: Shareholders Equity

Sheet: Cash Flows

Sheet: RESULTS OF OPERATIONS

Sheet: COMPUTATION OF EARNINGS PER SHA

Sheet: NO TITLE

STRYKER CORP

10-Q

08/13/1997

Balance Sheet

June 30

December 31

1997

1996

ASSETS

Current Assets

Cash and cash equivalents

Marketable debt securities

Accounts receivable, less allowance

of 9,900 (1996 - 9,500)

Inventories

Deferred income taxes

Prepaid expenses and other current assets

Total Current Assets

Property, Plant and Equipment, less allowance

for depreciation of 127,984 (1996 - 117,882)

Other Assets

TOTAL ASSETS

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities

Accounts payable

Accrued compensation

Income taxes

Accrued expenses and other liabilities

Current maturities of long-term debt

Total Current Liabilities

Long Term Debt, excluding current maturities

Other Liabilities

Minority Interest

Stockholders' Equity

Common stock, .10 par value:

Authorized - 150,000 shares

Outstanding - 96,009 shares (1996 - 96,787)

Additional paid-in capital

Retained earnings

Unrealized gains on securities

Foreign translation adjustments

Total Stockholders' Equity

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

____________________________

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STRYKER CORP

10-Q

08/13/1997

Income Statement

Three Months Ended

Six Months Ended

June 30

June 30

1997

1996

1997

1996

Net Sales

Costs and expenses:

Cost of sales

Research, development and

engineering

Selling, general and administrative

Operating Income

Other Income

Earnings Before Income Taxes

and Minority Interest

Income Taxes

Earnings Before Minority Interest

Minority Interest

Net Earnings

Net Earnings Per Share of Common

Stock

Average Outstanding Shares

for the Period

____________________________

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STRYKER CORP

10-Q

08/13/1997

Shareholders' Equity

Additional

Unrealized

Foreign

Common

Paid-In

Retained

Gains on

Translation

Stock

Capital

Earnings

Securities

Adjustments

Balance at

January 1, 1997

Net earnings for

six months ended

June 30, 1997

59400.0

Sales of 214

shares of common

stock under stock

option and benefit

plans, including

1,296 income tax

benefit

Repurchases of 993

shares of common

stock

Unrealized gains,

net of 64 income

tax benefit

210

Translation

adjustment

-7366.0

Balance at

June 30, 1997

____________________________

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STRYKER CORP

10-Q

08/13/1997

Cash Flows

Six Months Ended

June 30

1997

1996

OPERATING ACTIVITIES

Net Earnings

Adjustments to reconcile net earnings to net

cash provided by operating activities:

Depreciation

Amortization

Minority interest

Changes in operating assets and liabilities,

net of effects of business acquisitions:

Accounts receivable

Inventories

Accounts payable

Accrued expenses

Income taxes

Other

Net Cash Provided by Operating Activities

INVESTING AND FINANCING ACTIVITIES

Purchases of property, plant and equipment

Sales of marketable securities

Business acquisitions

Payments on borrowings

Dividends paid

Proceeds from exercise of stock options

Repurchases of common stock

Other

Net Cash Provided by (Used in) Investing

and Financing Activities

Effect of exchange rate changes on

cash and cash equivalents

Increase in Cash and Cash Equivalents

____________________________

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STRYKER CORP

10-Q

08/13/1997

RESULTS OF OPERATIONS

Three Months Ended

Six Months Ended

June 30

%

June 30

%1997

1996

Chg

1997

1996

Chg

Domestic/

International Sales

Domestic

International

Total Net Sales

Product Line Sales

Stryker Surgical

Stryker Medical

Matsumoto Dist

Products

Total Net Sales

____________________________

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STRYKER CORP

10-Q

08/13/1997

COMPUTATION OF EARNINGS PER SHARE OF COMMON STOCK

Three Months Ended

Six Months Ended

June 30

June 30

1997

1996

1997

1996

Average number of shares

outstanding

Net earnings

Net earnings per share

of common stock

Primary:

Average shares outstanding

Net effect of dilutive

stock options, based on

the treasury stock

method using average

market price

Total Primary Shares

Fully Diluted:

Average shares outstanding

Net effect of dilutive

stock options, using the

period-end market price,

if higher than average

market price

Total Fully Diluted Shares

____________________________

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STRYKER CORP

10-Q

08/13/1997

NO TITLE

____________________________

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