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/FIRST AND FINAL ADD -- NY011 -- ELAN EARNINGS/

 /FIRST AND FINAL ADD -- NY011 -- ELAN EARNINGS/
 ELAN CORPORATION PLC
 Consolidated Statement of Income (Unaudited)
 (Irish pounds and U.S. dollars in thousands)
 Periods ended -----Three Months---- -----Six Months-----
 Sept. 30 1992 1991 1992 1992 1991 1992
 IRP US$(A) IRP US$(A)
 Revenues 21,878 12,237 $40,616 41,587 25,884 $77,206
 Costs and expenses:
 Cost of goods sold 9,291 4,566 17,249 17,241 10,074 32,008
 SG&A 5,891 3,251 10,936 11,307 7,223 20,991
 R&D 2,981 2,071 5,533 5,502 3,452 10,214
 Total operating
 expenses 18,163 9,888 33,718 34,050 20,749 63,213
 Operating income 3,715 2,349 6,898 7,537 5,135 13,993
 Interest income 662 648 1,228 1,487 832 2,760
 Interest expense (41) (73) (76) (47) (449) (87)
 Minority interest 21 -- 39 1 -- 2
 Income before tax 4,357 2,924 8,089 8,978 5,518 16,668
 Taxation (351) (30) (652) (698) (19) (1,296)
 Net income 4,006 2,894 7,437 8,280 5,499 15,372
 Earnings per
 ordinary share 0.13 0.09 $0.23 0.26 0.19 $0.48
 Weighted average
 number of ordinary
 shares outstanding
 (in thousands) 31,835 30,989 31,835 31,937 29,090 31,937
 (A) -- Translated for convenience at the closing rate on Sept. 30, 1992, of US$1.8565 equals 1.00 Irish pound.
 ELAN CORPORATION PLC
 Consolidated Balance Sheet
 (Irish pounds and U.S. dollars in thousands)
 3/31/92 9/30/92 9/30/92
 IRP IRP US$
 (Unaudited)
 ASSETS
 Current assets:
 Cash and cash equivalents 27,720 22,091 $ 41,012
 Short-term investments 12,851 28,893 53,640
 Accounts receivable 14,878 9,630 17,878
 Inventories 8,786 9,743 18,089
 Prepayments and other assets 3,192 3,722 6,911
 Total current assets 67,427 74,079 137,530
 Fixed assets:
 Property, plant and equipment (net) 28,685 30,857 57,287
 Other assets:
 Investments 1,059 1,994 3,701
 Intangible assets (net) 23,946 26,131 $ 48,512
 LIABILITIES AND SHAREHOLDERS' EQUITY:
 Current liabilities:
 Accounts payable 5,420 11,427 $ 21,214
 Accrued expenses & other liabilities 5,864 5,317 9,871
 Long-term debt - current portion 19 17 32
 Total 11,303 16,761 31,117
 Government grants 3,137 2,984 5,540
 Long term debt 69 60 112
 Minority interests 158 157 292
 Total 3,364 3,201 5,944
 Shareholders' equity:
 Share capital 1,139 1,149 2,134
 Additional paid-in capital 88,253 91,686 170,215
 Translation adjustment (5,071) (10,145) (18,835)
 Retained earnings 22,129 30,409 56,455
 Total 106,450 113,099 209,969
 Total 121,117 133,061 $247,030
 Translated for convenience at the noon buying rate in New York on Sept. 30, 1992, of US$1,8565 equals 1.00 Irish pound.
 -0- 11/9/92 AA NY011
 /NOTE TO EDITORS: Operating statement and balance sheets available upon request by calling 203-222-7399 or 212-926-1733/
 /END FIRST AND FINAL ADD/
 (ELN) CO: Elan Corporation plc ST: IN: HEA SU: ERN


GK-TS -- NY011A -- 8571 11/09/92 09:35 EST
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Date:Nov 9, 1992
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