Media:         Steve Conway, 612-683-7133
Financial:     Brad Allen, 612-683-7395

CRAY RESEARCH INDICATES IT WILL TAKE ONE-TIME CHARGES
EXCEEDING $100 MILLION IN SECOND QUARTER

EAGAN, Minn., July 18, 1995 -- Cray Research Inc., (NYSE:CYR),
announced that it expects to absorb one-time write-offs and
restructuring charges exceeding $100 million in the second
quarter ended June 30.  The charges, which are primarily non-
cash in nature, are chiefly related to inventories and internal
equipment. The company is scheduled to report its full second
quarter financial results on July 27.

The company had previously indicated that charges were likely
in the second quarter but would probably be less than the $41
million of restructuring and one-time charges taken in Q1.
"Continued refinement of our strategy, and analysis of Cray's
asset requirements in the future led to today's announcement,"
said Cray's Chairman and Chief Executive Officer, J. Phillip
Samper. "As we have said before, we look at 1995 as a year of
transition. We anticipate operating losses in the first half of
the year, with improved performance for the second half. As
we continue the transformation of Cray Research, our analysis
may indicate that further restructuring activity is necessary
this year."

Separately, a Cray Research spokesman reaffirmed that it is
unrelated to similarly named 1989 spinoff Cray Computer
Corp., Colorado Springs, CO. The spokesman said that
Minnesota-based Cray Research has been receiving calls from
investors and prospects requesting clarification following
Cray Computer's July 14 announcement that it will liquidate
the company as part of its Chapter 11 plan. Cray Computer
filed under Chapter 11 of the U.S. Bankruptcy Code in March,
1995.

Cray Research is the world's leading supercomputer firm, with
1994 earnings of $56 million on record revenues of $922
million. 

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