UNITED STATES
                          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



                                    July 25, 1997
                   Date of report (Date of earliest event reported)



                               SCHMITT INDUSTRIES, INC.
                (Exact Name of Registrant as Specified in Its Charter)



    Oregon                            0-23996                93-1151989
  (State or Other              (Commission File Number)     (IRS Employer
Jurisdiction of Incorporation)                           Identification Number)






                               2765 N.W. NICOLAI STREET
                               PORTLAND, OREGON  97210
                 (Address of Principal Executive Offices) (Zip Code)

                                    (503) 227-7908
                           (Registrant's Telephone Number,
                                 Including Area Code)



          Former Name or Former Address, if Changed Since Last Report:  N/A




ITEM 4.   CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.

     Moss Adams LLP, who was previously engaged as the principal accountant to
audit the registrant's financial statements, was dismissed on July 25, 1997.

     Moss Adams LLP's report on the financial statements for either of the
fiscal years ended May 31, 1996 or May 31, 1997 did not contain an adverse
opinion or a disclaimer of opinion, nor was it qualified or modified as to
uncertainty, audit scope, or accounting principles.  During the registrant's
fiscal years ended May 31, 1996 and May 31, 1997 and since May 31, 1997, there
were no disagreements with Moss Adams LLP on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or procedure.

     The registrant has engaged Price Waterhouse LLP as the principal accountant
to audit the registrant's financial statements effective July 25, 1997.

     The decision to change accountants was approved by the audit committee of
the Board of Directors of the registrant.

ITEM 7.  FINANCIAL STATEMENT AND EXHIBITS.

     (c) Exhibits.

      Exhibit 16 - Letter re change in certifying accountant from Moss Adams LLP
      to the Commission.






                                      SIGNATURES

    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 hereunto duly authorized.

                                       SCHMITT INDUSTRIES, INC.



Date:  July 30, 1997                   /s/Wayne A. Case
                                       --------------------------
                                       Wayne A. Case
                                       President and Chief Executive Officer



                                       /s/Annie Windsor
                                       --------------------------
                                       Annie Windsor, Chief Financial Officer





                                    EXHIBIT INDEX
                                                                 
    NUMBER          DESCRIPTION                                            PAGE NUMBER

      16            Letter re change in certifying accountant from Moss 
                    Adams LLP to the Commission.






                                                                     EXHIBIT 16

                                    MOSS ADAMS LLP
                             CERTIFIED PUBLIC ACCOUNTANTS




July 30, 1997







United States Securities and Exchange Commission
Judiciary Plaza
450 Fifth St., N.W.
Washington, D.C. 20549

Attn:    Division of Corporation Finance

Re:      Schmitt Industries, Inc. (the "Registrant")
         Commission File Number:  0-23996

Ladies and Gentlemen:

Pursuant to Item 304(a)(3) of Regulation S-K, the Registrant has provided us
with a copy of Registrant's Current Report on Form 8-K, and we have reviewed the
disclosures the Registrant is making in response to Item 4:  Changes in
Registrant's Certifying Accountant.  Please be advised that Moss Adams LLP
hereby agrees with the statements made by the Registrant in response to
Item 304(a)(1) of Regulation S-K as they relate to Moss Adams LLP.

Very truly yours,

/s/ MOSS ADAMS LLP

MOSS ADAMS LLP

c:  Wayne A. Case
      Schmitt Industries, Inc.