CONMED CORPORATION
                               CONSOLIDATED BALANCE SHEETS
                           (in thousands except share amounts)

                                         ASSETS

                                                                            (unaudited)
                                                                December        March
                                                                  1998           1999
                                                               ---------      ---------

Current assets:
  Cash and cash equivalents ..............................     $   5,906      $   4,166
  Accounts receivable, net ...............................        66,819         68,906
  Income taxes receivable ................................         1,441           --
  Inventories, net (Note 3) ..............................        78,058         82,456
  Deferred income taxes ..................................         2,776          2,776
  Prepaid expenses and other current assets ..............         4,620          4,946
                                                               ---------      ---------
         Total current assets ............................       159,620        163,250
Property, plant and equipment, net .......................        59,044         58,037
Deferred income taxes ....................................         3,900          3,900
Goodwill, net ............................................       194,690        193,600
Patents, trademarks, and other assets, net ...............       211,530        209,654
                                                               ---------      ---------
         Total assets ....................................     $ 628,784      $ 628,441
                                                               =========      =========

                      LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
  Current portion of long-term debt ......................     $  22,995      $  25,390
  Accrued interest .......................................         6,069          3,036
  Accounts payable .......................................        19,594         20,713
  Income taxes payable ...................................          --            3,560
  Accrued payroll and withholdings .......................         9,665          6,445
  Other current liabilities ..............................         7,873          6,672
                                                               ---------      ---------
         Total current liabilities .......................        66,196         65,816
Long-term debt ...........................................       361,877        354,633
Other long-term liabilities ..............................        18,543         19,341
                                                               ---------      ---------
         Total liabilities ...............................       446,616        439,790
                                                               ---------      ---------
                                   CONMED CORPORATION
                               CONSOLIDATED BALANCE SHEETS
                           (in thousands except share amounts)

                                          

                                                                            (unaudited)
                                                                December        March
                                                                  1998           1999
                                                               ---------      ---------

Shareholders' equity:
  Preferred stock, par value $.01 per share;
         authorized 500,000 shares; none outstanding .....          --             --
  Common stock, par value $.01 per share;
         40,000,000 shares authorized; 15,182,811 and
      15,201,913 shares issued and outstanding in
      1998 and 1999, respectively ........................           152            152
  Paid-in capital ........................................       125,039        125,245
  Retained earnings ......................................        57,361         63,684
  Cumulative translation adjustments .....................            35            (11)
  Less 25,000 shares of common stock in treasury,
    at cost ..............................................          (419)          (419)
                                                               ---------      ---------
                                                                 182,168        188,651
                                                               ---------      ---------
         Total liabilities and shareholders' equity ......     $ 628,784      $ 628,441
                                                               =========      =========