Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.


	March 30, 2008		Restated July 1, 2007		September 28, 2008		June 29, 2008
CURRENT ASSETS:
Cash and cash equivalents	$	43,404	$	29,469	$	32,607	$	32,468
Accounts receivable, net		512,105		327,475		305,359		320,568
Inventories –
Inventories -
Finished products and parts		358,385		344,074		379,505		339,186
Work in process		186,093		198,242		170,227		177,280
Raw materials		14,345		7,766		14,441		13,738

Total inventories		558,823		550,082		564,173		530,204

Deferred income tax asset		51,936		55,520		53,345		53,496
Prepaid expenses and other current assets		40,337		30,547		44,974		41,801

Total current assets		1,206,605		993,093		1,000,458		978,537

OTHER ASSETS:
Goodwill		250,107		250,107		248,571		248,328
Prepaid pension		105,925		103,247		93,298		90,020
Investments		19,267		47,326		19,688		21,956
Deferred loan costs, net		3,427		3,135		2,785		3,106
Other intangible assets, net		91,155		92,556		100,847		90,687
Other long-term assets, net		7,149		6,686		8,654		8,827

Total other assets		477,030		503,057		473,843		462,924

PLANT AND EQUIPMENT:
Cost		998,828		1,006,402		1,020,992		1,012,987
Less – accumulated depreciation		608,415		618,084
Less - accumulated depreciation						632,959		621,154

Total plant and equipment, net		390,413		388,318		388,033		391,833

TOTAL ASSETS	$	2,074,048	$	1,884,468	$	1,862,334	$	1,833,294


	March 30, 2008			Restated July 1, 2007			September 28, 2008			June 29, 2008
CURRENT LIABILITIES:
Accounts payable	$	200,155		$	187,776		$	182,611		$	170,476
Accrued liabilities		164,515			166,155			162,688			160,126
Current maturity on long-term debt		—			116,139
Short-term debt		272,100			3,000			141,348			3,000

Total current liabilities		636,770			473,070			486,647			333,602

OTHER LIABILITIES:
Long-term debt		266,340			267,909			266,617			365,555
Deferred income tax liability		42,350			37,300			46,913			47,266
Accrued pension cost		40,638			39,438			36,445			36,173
Accrued employee benefits		20,492			20,072			18,541			18,521
Accrued postretirement health care obligation		182,453			186,868			160,223			161,684
Other long-term liabilities		39,487			20,357			33,893			32,970

Total other liabilities		591,760			571,944			562,632			662,169

SHAREHOLDERS’ INVESTMENT:
Common stock –
Common stock -
Authorized 120,000 shares, $.01 par value, issued 57,854 shares		579			579			579			579
Additional paid-in capital		76,149			73,149			75,563			76,667
Retained earnings		1,093,930			1,108,514			1,069,691			1,082,553
Accumulated other comprehensive loss		(113,228	)		(128,951	)		(123,709	)		(110,234	)
Treasury stock at cost, 8,149 and 8,222 shares, respectively		(211,912	)		(213,837	)
Treasury shares at cost, 8,042 and 8,154 shares, respectively								(209,069	)		(212,042	)

Total shareholders’ investment		845,518			839,454			813,055			837,523

TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	2,074,048		$	1,884,468		$	1,862,334		$	1,833,294


	Three Months Ended						Nine Months Ended						Three Months Ended
	March 30, 2008			Restated April 1, 2007			March 30, 2008			Restated April 1, 2007			September 28, 2008			September 30, 2007
NET SALES	$	724,786		$	716,953		$	1,570,292		$	1,479,261		$	458,151		$	367,069
COST OF GOODS SOLD		603,234			592,525			1,358,679			1,241,274			393,432			324,225
IMPAIRMENT CHARGE		—			35,200			—			35,200

Gross profit on sales		121,552			89,228			211,613			202,787			64,719			42,844
ENGINEERING, SELLING, GENERAL AND ADMINISTRATIVE EXPENSES		68,533			63,650			199,103			193,547			64,851			64,140

Income from operations		53,019			25,578			12,510			9,240
Loss from operations														(132	)		(21,296	)
INTEREST EXPENSE		(10,127	)		(12,688	)		(29,710	)		(33,554	)		(7,897	)		(8,973	)
OTHER INCOME, net		1,805			4,798			39,822			9,176			1,199			22

Income (Loss) before income taxes		44,697			17,688			22,622			(15,138	)
PROVISION (CREDIT) FOR INCOME TAXES		7,561			7,104			501			(3,695	)
Loss before credit for income taxes														(6,830	)		(30,247	)
CREDIT FOR INCOME TAXES														(4,874	)		(9,436	)

NET INCOME (LOSS)	$	37,136		$	10,584		$	22,121		$	(11,443	)
NET LOSS													$	(1,956	)	$	(20,811	)

EARNINGS (LOSS) PER SHARE DATA –
EARNINGS PER SHARE DATA -
Average shares outstanding		49,541			49,423			49,547			49,795			49,563			49,536

Basic earnings (loss) per share	$	0.75		$	0.21		$	0.45		$	(0.23	)
Basic loss per share													$	(0.04	)	$	(0.42	)

Diluted average shares outstanding		49,631			49,520			49,651			49,795			49,563			49,536

Diluted earnings (loss) per share	$	0.75		$	0.21		$	0.45		$	(0.23	)
Diluted loss per share													$	(0.04	)	$	(0.42	)

CASH DIVIDENDS PER SHARE	$	0.22		$	0.22		$	0.66		$	0.66		$	0.22		$	0.22


	Nine Months Ended						Three Months Ended
	March 30, 2008			Restated April 1, 2007			September 28, 2008			September 30, 2007
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (loss)	$	22,121		$	(11,443	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Net loss							$	(1,956	)	$	(20,811	)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation and amortization		51,337			54,766			17,574			16,612
Stock compensation expense		3,899			6,688			1,986			2,673
Impairment charges		—			35,200
Earnings of unconsolidated affiliates, net of dividends		109			2,432			1,282			866
Loss on disposition of plant and equipment		1,308			1,690			408			467
Gain on sale of investment		(36,960	)		—
Provision (credit) for deferred income taxes		4,633			(19,152	)
Provision for deferred income taxes								(1,223	)		(4,111	)
Change in operating assets and liabilities:
Increase in accounts receivable		(184,632	)		(100,038	)
Decrease in accounts receivable								15,829			93,940
Increase in inventories		(8,739	)		(95,558	)		(24,497	)		(75,139	)
Decrease in prepaid expenses and other current assets		7,831			16,115
Increase in accounts payable, accrued liabilities and income taxes		8,921			8,474
Decrease in accrued/prepaid pension		(1,601	)		(8,285	)
(Increase) Decrease in other current assets								(1,715	)		7,276
Decrease in accounts payable and accrued liabilities								(6,610	)		(45,807	)
Change in accrued/prepaid pension								(1,897	)		53
Other, net		(6,004	)		(169	)		(1,291	)		(2,280	)

Net cash used in operating activities		(137,777	)		(109,280	)
Net cash used by operating activities								(2,110	)		(26,261	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to plant and equipment		(46,584	)		(45,999	)		(11,291	)		(18,246	)
Cash paid for acquisition, net of cash acquired								(24,757	)		—
Proceeds received on sale of plant and equipment		596			583			1,694			150
Proceeds received on sale of investment		66,011			—
Other, net		(503	)		—

Net cash provided by (used in) investing activities		19,520			(45,416	)
Net cash used by investing activities								(34,354	)		(18,096	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Net borrowings on loans and notes payable		150,961			148,975
Net borrowings on loans, notes payable, & other long-term debt								38,104			51,041
Issuance cost of amended revolver		(1,286	)		—			—			(1,286	)
Dividends paid		(21,871	)		(22,159	)
Stock option proceeds and tax benefits		991			2,591			—			991
Treasury stock purchases		—			(48,232	)

Net cash provided by financing activities		128,795			81,175			38,104			50,746

EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		3,397			1,353			(1,501	)		1,092

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		13,935			(72,168	)
NET INCREASE IN CASH AND CASH EQUIVALENTS								139			7,481

CASH AND CASH EQUIVALENTS, beginning		29,469			95,091			32,468			29,469

CASH AND CASH EQUIVALENTS, ending	$	43,404		$	22,923		$	32,607		$	36,950

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid	$	37,786		$	40,046		$	12,986		$	17,151

Income taxes paid	$	3,973		$	2,379		$	1,327		$	1,950

The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission and therefore do not include all information and footnotes necessary for a fair presentation of financial position, results of operations and cash flows in conformity with accounting principles generally accepted in the United States. The year-end condensed balance sheet data was derived from audited financial statements, but also does not include all disclosures required by accounting principles generally accepted in the United States. However, in the opinion of Briggs & Stratton Corporation (the Company), adequate disclosures have been presented to prevent the information from being misleading, and all adjustments necessary to present fair statements of the results of operations and financial position have been included. All of these adjustments are of a normal recurring ~~nature, except for the adjustments made in connection with the change in accounting principle and correction of errors detailed below.~~nature. These consolidated condensed financial statements should be read in conjunction with the financial statements and the notes thereto which were included in our latest Annual Report on Form 10-K.

Effective July 2, 2007, the Company changed the method it uses to compute the market-related value of the assets within its qualified defined benefit pension plan. The market-related value of pension assets (MRVA) is used to calculate the expected return on plan assets. Previously, the Company computed the market-related value of plan assets by adding actual dividends and interest to the MRVA balance and amortizing unrealized and realized gains and losses on assets on a straight line basis over five years. Under the new method, the expected return on plan assets will be added to the MRVA balance and any differences between the expected and actual returns on plan assets will be deferred and amortized on a straight line basis over five years. The Company believes that the former and new methods of computing the market-related value of plan assets both recognize changes in fair value in a systematic and rational manner. However, the Company believes that the new method is preferable because the new method has the effect of deferring less investment gains and losses during periods of volatile investment markets and therefore more closely approximates the fair market value of the plan assets. The Company recorded pre-tax pension income of $1.2 million and $3.7 million in the three and nine months ended March 30, 2008, respectively. Generally accepted accounting principles require that the impact of this change in accounting be applied retrospectively to all periods presented. As a result, all prior period financial statements have been adjusted to give effect to the cumulative impact of this change. The restated three and nine months ended April 1, 2007 now reflect pre-tax pension income of $0.7 million and $2.0 million, respectively.

During the quarter ended March 30, 2008, the Company identified errors in its previously filed financial statements on Form 10-K for the fiscal years ended July 1, 2007, July 2, 2006 and July 3, 2005 and on Form 10-Q for the periods ending September 30, 2007 and December 30, 2007 related to three separate items. First, the Company did not properly expense rebates to certain customers in each year. Second, the Company identified that certain inter-company receivable and payable accounts were out of balance, primarily related to transactions in fiscal 2004. Third, the Company has historically incorrectly capitalized warranty costs into inventory. The impact to the Company’s previously reported net income and earnings per diluted share is an increase of $0.2 million ($.00 per diluted share) for fiscal 2007, a reduction of $2.3 million ($.04 per diluted share) for fiscal 2006 and a reduction of $1.8 million ($.04 per diluted share) for fiscal 2005. The impact on the Company’s previously reported net income and earnings per diluted share is a decrease of $1.1 million ($.02 per diluted share) for the three month period ended October 1, 2006 and a decrease of $0.1 million ($.00 per diluted share) for the three month period ended December 31, 2006. Certain of the misstatements occurred in years prior to fiscal 2005. The cumulative effect of correcting these errors for periods prior to fiscal 2005 reduces retained earnings by $2.7 million. During the third quarter of fiscal 2008, the Company recorded an adjustment of $1.7 million to net income ($.03 per diluted share) to correct the errors included in the first and second quarters of fiscal 2008. The impact on the Company’s previously reported net income and earnings per diluted share will be a decrease of $0.3 million ($.01 per diluted share) and $1.4 million ($.03 per diluted share) for the first and second quarters of fiscal 2008, respectively, and the third quarter of fiscal 2008 will reflect an increase of $1.7 million ($.03 per diluted share). The Company will restate all prior year financial statements, including the first three quarters of fiscal 2008, prospectively, within the fiscal 2008 Form 10-K. We do not believe that the adjustments necessary to correct the errors described above are material, individually or in the aggregate, to the Company’s results of operations, financial position or cash flows for any of the Company’s previously filed annual or quarterly financial statements.

~~Fiscal 2007 financial statement items were affected by the change in accounting principle and correction of errors as shown in the following tables (in thousands):~~

~~Consolidated Condensed Statements of Income (in thousands, except per share data):~~

~~All adjustments are in cash flows from operating activities and consequently the total cash flows from operating activities remains unchanged.~~

The Company did not repurchase any common shares during the first three quarters of fiscal 2008. The Company repurchased 1,733,200 common shares at a total cost of $48.2 million during the first quarter of fiscal 2007, and did not repurchase any common shares during the second or third quarters of fiscal 2007.

The third quarter and year to date fiscal 2008 effective tax rates are at 16.9% and 2.2%, respectively, versus the 40.2% and 24.4% used in the same respective periods last year. The effective tax rate for the full year is projected to be in the range of 23.0% to 25.0%. The variation reflected between years is primarily due to the required recognition of the tax effects related to MTI preferred stock dividends and other tax reserve adjustments related to the expiration of foreign and domestic statutes required to be treated as discrete items in the quarter they occur rather than in the overall expected annual tax rate. These discrete items lowered the tax provision for the quarter and nine month period by $6.0 million. In addition, the impact of expected tax credits as a percentage of annual earnings for fiscal 2008 results in lowering the projected effective tax rate in fiscal 2008.

The Company adopted the provisions of FIN 48 on July 2, 2007. The cumulative effect of adopting FIN 48 was an increase of $4 million in tax reserves and a decrease of $4 million to the July 2, 2007 retained earnings balance. See “New Accounting Pronouncements” in the Notes to Consolidated Condensed Financial Statements for more information on FIN 48.

As of July 2, 2007, the Company had $23 million of gross unrecognized tax benefits. Of this amount, $15 million represents the portion that, if recognized, would impact the effective tax rate. The Company recognizes interest and penalties related to unrecognized tax benefits in income tax expense. As of July 2, 2007, the Company had $6 million accrued for interest and penalties. We do not anticipate that there will be a significant change in the amount of unrecognized tax benefits in the next twelve months.

The Company files income tax returns in the U.S. federal and various state and foreign jurisdictions. In the U.S., the Company is no longer subject to U.S. federal income tax examinations by tax authorities before 2004 and is currently under examination by the IRS for taxable years ending in 2004 and 2005. With respect to the Company’s major foreign jurisdictions, it is no longer subject to tax examinations by tax authorities before 1997.

Basic earnings per share, for each period presented, is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share, for each period presented, is computed reflecting the potential dilution that would occur if options or other contracts to issue common stock were exercised or converted into common stock at the beginning of the period.

Shares outstanding used to compute diluted earnings per share for the ~~three months~~quarter ended ~~March 30,~~September 28, 2008 excluded ~~outstanding options to purchase~~ approximately 3,885,000 of common stock because the options’ exercise price was greater than the average market price of the common shares. Additionally, outstanding options to purchase approximately 3,514,000 shares of common stock were excluded from the diluted earnings per share for the nine months ended March 30, 2008 because the options’ exercise price was greater than the average market price of the common shares.

Shares outstanding used to compute diluted earnings per share for the three months ended April 1, 2007 excluded outstanding options to purchase approximately 2,722,000 of common stock because the options’ exercise price was greater than the average market price of the common shares. Additionally, shares outstanding used to compute diluted earnings per share for the nine months ended April 1, 2007 excluded approximately 81,000163,000 shares for restricted and deferred stock and outstanding options to purchase approximately ~~3,290,000~~3,900,000 shares of common stock as their inclusion would have been anti-dilutive. Shares outstanding used to compute diluted earnings per share for the quarter ended September 30, 2007 excluded approximately 171,000 shares for restricted and deferred stock and outstanding options to purchase approximately 3,600,000 shares of common stock as their inclusion would have been anti-dilutive.

Comprehensive income (loss) is a more inclusive financial reporting method that includes disclosure of certain financial information that historically has not been recognized in the calculation of net income. Comprehensive income (loss) is defined as net income and other changes in shareholders’ investment from transactions and events other than with shareholders. Total comprehensive income (loss) is as follows (in thousands):

~~The components of Accumulated Other Comprehensive Loss are as follows (in thousands):~~


								Three Months Ended
								September 28, 2008			September 30, 2007
Net loss								$	(1,956	)	$	(20,811	)
Cumulative translation adjustments									(10,392	)		1,775
Unrealized loss on derivative instruments									(5,317	)		(1,504	)
Unrecognized pension and postretirement obligation									2,234			1,518

Total comprehensive loss								$	(15,431	)	$	(19,022	)


The components of Accumulated Other Comprehensive Loss are as follows (in thousands):							The components of Accumulated Other Comprehensive Loss are as follows (in thousands):

	March 30, 2008			Restated July 1, 2007				September 28, 2008			June 29, 2008
Cumulative translation adjustments	$	20,043		$	11,799			$	12,253		$	22,645
Unrealized gain (loss) on derivative instruments		1,823			(1,101	)			(868	)		4,449
Pension and postretirement plans		(135,094	)		(139,649	)
Unrecognized pension and postretirement obligation									(135,094	)		(137,328	)

Accumulated other comprehensive loss	$	(113,228	)	$	(128,951	)		$	(123,709	)	$	(110,234	)

Derivatives are recorded on the balance sheet as assets or liabilities, measured at fair value. The Company enters into derivative contracts designated as cash flow hedges to manage currency and certain material exposures. These instruments generally do not have a maturity of more than twelve months.

Changes in the fair value of cash flow hedges to manage its foreign currency exposure are recorded on the Consolidated Condensed Statements of Income or as a component of Accumulated Other Comprehensive Loss. The amounts included in Accumulated Other Comprehensive Loss are reclassified into the Consolidated Condensed Statements of Income when the forecasted transactions occur. These forecasted transactions represent the exporting of products for which the Company will receive foreign currency and the importing of products for which it will be required to pay in a foreign currency. Changes in the fair value of all derivatives deemed to be ineffective would be recorded as either income or expense in the accompanying Consolidated Condensed Statements of Income.

The Company manages its exposure to fluctuation in the cost of natural gas used by its operating facilities through participation in a third party managed dollar cost averaging program linked to NYMEX futures. As a participant in the program, the Company hedges ~~approximately 50-80%~~up to 100% of its anticipated monthly natural gas usage along with a pool of other companies. The Company does not hold any actual futures contracts, and actual delivery of natural gas is not required of the participants in the program. Cash settlements occur on a monthly basis based on the difference between the average dollar price of the underlying NYMEX futures held by the third

party and the actual price of natural gas paid by the Company in the period. The fair value of the underlying NYMEX futures is reflected as an asset or liability on the accompanying Consolidated Condensed Balance Sheets. Changes in fair value are reflected as a Component of Accumulated Other Comprehensive Loss, which are reclassified into the Consolidated Condensed Statements of Income as the monthly cash settlements occur and actual natural gas is consumed.

The Company manages its exposure to fluctuations in the cost of copper to be used in manufacturing by entering into forward purchase contracts designated as cash flow hedges. The Company hedges approximately ~~35%~~50-60% of its anticipated copper usage, and the fair value of outstanding future contracts is reflected as an asset or liability on the accompanying Consolidated Condensed Balance Sheet based on NYMEX prices. Changes in fair value are reflected as a Component of Accumulated Other Comprehensive Loss if the forward purchase contracts are deemed to be effective and are reclassified into the Consolidated Condensed Statements of Income when sales of inventory are made. Changes in the fair value of any derivative deemed to be ineffective would be immediately recorded as either income or expense in the accompanying Consolidated Condensed Statements of Income.

The Company operates two reportable business segments that are managed separately based on fundamental differences in their operations. Summarized segment data is as follows (in thousands):


	Three Months Ended						Nine Months Ended						Three Months Ended
	March 30, 2008			Restated April 1, 2007			March 30, 2008			Restated April 1, 2007			September 28, 2008			September 30, 2007
NET SALES:
Engines	$	546,358		$	516,067		$	1,070,311		$	984,681		$	258,621		$	208,416
Power Products		240,837			248,659			624,823			606,952			255,531			187,391
Inter-Segment Eliminations		(62,409	)		(47,773	)		(124,842	)		(112,372	)		(56,001	)		(28,738	)

Total *	$	724,786		$	716,953		$	1,570,292		$	1,479,261		$	458,151		$	367,069

* Includes sales originating in foreign countries of	$	75,514		$	55,175		$	173,910		$	148,364
* Includes international sales based on product shipment destination of													$	110,961		$	103,418

GROSS PROFIT ON SALES:
Engines	$	113,865		$	61,225		$	192,540		$	140,185		$	40,427		$	34,254
Power Products		10,637			25,916			21,198			60,646			21,531			8,425
Inter-Segment Eliminations		(2,950	)		2,087			(2,125	)		1,956			2,761			165

Total	$	121,552		$	89,228		$	211,613		$	202,787		$	64,719		$	42,844


INCOME (LOSS) FROM OPERATIONS:
Engines	$	65,701		$	17,646		$	50,616		$	1,664		$	(5,511	)	$	(11,228	)
Power Products		(9,732	)		5,845			(35,981	)		5,620			2,618			(10,233	)
Inter-Segment Eliminations		(2,950	)		2,087			(2,125	)		1,956			2,761			165

Total	$	53,019		$	25,578		$	12,510		$	9,240		$	(132	)	$	(21,296	)

The Company recognizes the cost associated with its standard warranty on Engines and Power Products at the time of sale. The amount recognized is based on historical failure rates and current claim cost experience. In the ~~nine~~three months ended ~~March~~September 30, ~~2008,~~2007 the Company incurred ~~$19.8~~$2.1 million of expenses to accrue for current and future warranty claims related to a snow thrower engine recall. An additional $17.7 million was accrued in the second quarter of fiscal 2008 and no additional expenses were accrued thereafter. The snow thrower engines were recalled due to a potential risk of fire. The amounts accrued were to repair the units to reduce or eliminate the potential fire hazard. As of ~~March~~September 28, 2008 and September 30, ~~2008,~~2007, the balance sheet ~~includes $4.4~~included $3.7 million and $0.1 million, respectively, of reserves for this specific engine warranty matter. ~~Product~~During fiscal 2008, product liability

reserves totaling less than $50,000 ~~have been~~were accrued for product liability matters related to this recall as the Company has had minimal product liability claims asserted for nominal amounts related to the snow engine recall. The following is a reconciliation of the changes in accrued warranty costs, including the snow thrower engine recall, for the reporting period (in thousands):


	Nine Months Ended						Three Months Ended
	March 30, 2008			April 1, 2007			September 28, 2008			September 30, 2007
Beginning balance	$	54,566		$	53,233		$	49,548		$	54,566
Payments		(42,645	)		(26,537	)		(9,206	)		(15,935	)
Provision for current year warranties		40,312			25,218			8,529			7,099
Adjustment to prior years’ warranties		(2,275	)		1,877			(817	)		(900	)

Ending balance	$	49,958		$	53,791		$	48,054		$	44,830

Stock based compensation is calculated by estimating the fair value of incentive stock awards granted and amortizing the estimated value over the awards’ vesting period. Stock based compensation expense was ~~$0.6~~$2.0 million and ~~$3.9~~$2.7 million for the ~~quarter~~quarters ended September 28, 2008 and ~~nine months ended March~~September 30, ~~2008, respectively. For the quarter and nine months ended April 1,~~ 2007, ~~stock based compensation expense was $1.8 million and $6.7 million,~~ respectively.

~~The Company~~Briggs & Stratton has noncontributory, defined benefit retirement plans and postretirement plans covering certain employees. The following tables summarize the plans’ income and expense for the periods indicated (in thousands):


	Pension Benefits						Other Postretirement Benefits						Pension Benefits Three Months Ended						Other Postretirement Benefits Three Months Ended
	Three Months Ended						Three Months Ended						September 28, 2008			September 30, 2007			September 28, 2008			September 30, 2007
	March 30, 2008			As Adjusted April 1, 2007			March 30, 2008			April 1, 2007
Components of net periodic (income) expense:
Components of net periodic expense:
Service cost-benefits earned	$	3,004		$	3,272		$	217		$	444		$	3,136		$	3,623		$	318		$	471
Interest cost on projected benefit obligation		15,082			14,484			3,491			4,002			15,342			15,114			3,101			3,475
Expected return on plan assets		(20,336	)		(19,562	)		—			—			(20,869	)		(20,379	)		—			—
Amortization of:
Transition obligation		2			2			11			11			2			2			—			11
Prior service cost		822			823			(212	)		(212	)		822			822			(219	)		(213	)
Actuarial loss		1,342			1,243			2,782			3,334			133			1,141			2,603			2,682

Net periodic (income) expense	$	(84	)	$	262		$	6,289		$	7,579		$	(1,434	)	$	323		$	5,803		$	6,426


	Pension Benefits						Other Postretirement Benefits
	Nine Months Ended						Nine Months Ended
	March 30, 2008			As Adjusted April 1, 2007			March 30, 2008			April 1, 2007
Components of net periodic (income) expense:
Service cost-benefits earned	$	9,033		$	9,817		$	1,160		$	1,332
Interest cost on projected benefit obligation		45,245			43,453			10,441			12,005
Expected return on plan assets		(61,008	)		(58,687	)		—			—
Amortization of:
Transition obligation		6			6			32			35
Prior service cost		2,468			2,468			(637	)		(637	)
Actuarial loss		4,026			3,730			8,145			10,003

Net periodic (income) expense	$	(230	)	$	787		$	19,141		$	22,738

The Company is not required to, nor has or intends to, make any contributions to the pension plans in fiscal ~~2008.~~2009. The Company was not required to, nor did it make any contributions to the pension plans in fiscal ~~2007, but did contribute $8.0 million during the nine months ended April 1, 2007.~~2008.

The Company expects to make benefit payments of approximately $1.8 million attributable to its non-qualified pension plans during fiscal ~~2008.~~2009. During the ~~nine months ended March 30, 2008, the Company~~first quarter of fiscal 2009, Briggs & Stratton made payments of approximately ~~$1.2~~$0.5 million for its non-qualified pension plans. ~~The Company~~Briggs & Stratton anticipates making benefit payments of approximately ~~$29.9~~$30.2 million for its other postretirement benefit plans during fiscal ~~2008.~~2009. During the ~~nine months ended March 30, 2008, the Company~~first quarter of fiscal 2009, Briggs & Stratton had made payments of ~~approximately $22.7~~$6.6 million for its other postretirement benefit plans.

As of June 29, 2008, the Company had $27.8 million of gross unrecognized tax benefits. Of this amount, $19.2 million represents the portion that, if recognized, would impact the effective tax rate. The Company recognizes interest and penalties related to unrecognized tax benefits in income tax expense. As of June 29, 2008, the Company had $6.8 million accrued for interest and penalties. In the first quarter of fiscal 2009, the Company recorded a reduction in the tax reserve of $2.9 million. This decrease relates to the resolution of a favorable tax treatment of foreign dividends and the impact of foreign exchange and interest rate adjustments.

In March 2008, the Financial Accounting Standards Board (“FASB”) issued Statement No. 161, “Disclosures about Derivative Instruments and Hedging Activities – an amendment of FASB Statement No. 133” (“SFAS 161”). SFAS 161 is intended to help investors better understand how derivative instruments and hedging activities affect an entity’s financial position, financial performance and cash flows through enhanced disclosure requirements. SFAS 161 is effective for fiscal years and interim periods beginning after November 15, 2008. At this time, the impact of adoption of SFAS 161 on the Company’s consolidated financial position is being assessed.

In December 2007, the FASB issued Statement of Financial Accounting Standards No. 141R, “Business Combinations” (SFAS 141R). SFAS 141R states that all business combinations (whether full, partial or step acquisitions) will result in all assets and liabilities of an acquired business being recorded at their fair values. Certain forms of contingent consideration and certain acquired contingencies will be recorded at fair value at the acquisition date. SFAS 141R also states acquisition costs will generally be expensed as incurred and restructuring costs will be expensed in periods after the acquisition date. This statement is effective prospectively for financial statements issued for fiscal years beginning after December 15, 2008. The ~~Company is currently assessing~~impact of the ~~impact~~adoption of SFAS 141R will depend on ~~its consolidated financial position.~~

~~In December 2007,~~ the ~~FASB issued SFAS 160, “Noncontrolling Interests in Consolidated Financial Statements, an amendment~~nature and significance of ~~ARB No. 51” (SFAS 160). SFAS 160 will change~~business combinations the accounting and reporting for minority interests, which will be recharacterized as noncontrolling interests (NCI) and classified as a component of equity. This new consolidation method will significantly change the accounting for transactions with minority interest holders. SFAS 160 is effective for fiscal years beginning after December 15, 2008. The Company ~~is currently assessing the impact of SFAS 160 on its consolidated financial position.~~enters into subsequent to adoption.

In February 2007, the FASB issued SFAS No. 159, “The Fair Value Option for Financial Assets and Financial ~~Liabilities –~~ Liabilities—Including an Amendment of FASB Statement No. 115,” (SFAS 159). This standard permits an entity to choose to measure many financial instruments and certain other items at fair value. The fair value option permits a company to choose to measure eligible items at fair value at specified election dates. A company will report unrealized gains and losses on items for which the fair value option has been elected in earnings after adoption. ~~Statement~~SFAS No. 159 iswas effective for ~~fiscal years beginning after November 15, 2007. The~~the Company ~~is currently assessing~~on June 30, 2008. Refer to “Fair Value Measurements” in the ~~impact of SFAS 159 on its consolidated financial position.~~Notes to Consolidated Condensed Financial Statements.

In September 2006, the FASB issued SFAS No. 157, “Fair Value Measurements,” (SFAS 157), which defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. SFAS 157 is effective for fiscal years beginning after November 15, 2007. The Company ~~is currently assessing the impact of~~adopted SFAS 157 on ~~its consolidated financial position.~~

In September 2006, the FASB issued SFAS No. 158, “Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans – an amendment of FASB Statements No. 87, 88, 106, and 132(R),” (SFAS 158). SFAS 158 requires recognition of the overfunded or underfunded status of a postretirement benefit plan in the statement of financial position, as well as recognition of changes in that funded status through comprehensive income in the year in which they occur. SFAS 158 also requires a change in the measurement of a plan’s assets and benefit obligations as of the end date of the employer’s fiscal year. SFAS 158 is effective for fiscal years ending after December 15, 2006, except for the measurement date provisions, which are effective for fiscal years ending after December 15,June 30, 2008. ~~The Company adopted the SFAS 158 in the fourth quarter of fiscal 2007.~~

The Company adopted FASB Interpretation No. 48, “Accounting for Uncertainty in Income Taxes – an Interpretation of FASB Statement No. 109” (FIN 48) on July 2, 2007. FIN 48 clarifies the accounting and reporting for uncertainties in income tax law. This Interpretation prescribes a comprehensive model for the financial statement recognition, measurement, presentation and disclosure of uncertain tax positions taken or expected to be taken in income tax returns. For more information, see ~~“Income Taxes”~~“Fair Value Measurements” in the Notes to Consolidated Condensed Financial Statements.

On June 30, 2008 Briggs & Stratton, through its wholly owned subsidiary Briggs & Stratton Australia, Pty Limited, acquired Victa Lawncare Pty. Ltd. (“Victa”) of Sydney, Australia from GUD Holdings Limited for total consideration of $24.8 million in net cash. Victa is a leading designer, manufacturer and marketer of a broad range of outdoor power equipment used in consumer lawn and garden applications in Australia and New Zealand. Victa’s products are sold at large retail stores and independent dealers. Victa had net sales of approximately $57 million for the twelve months ended June 30, 2008. The Company financed the transaction from cash on hand and its existing credit facilities. Victa is included in the Power Products Segment.

The acquisition has been accounted for using the purchase method of accounting. The purchase price was allocated to identifiable assets acquired and liabilities assumed based upon their estimated fair values, with the excess purchase price recorded as goodwill. This goodwill is recorded within the Engines Segment. Final adjustments to the purchase price allocation, resulting from finalizing a third party valuation of certain assets’ fair values, are not expected to be material to the consolidated financial statements. The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the date of acquisition (in thousands):

Effective June 30, 2008, the Company adopted SFAS 157, Fair Value Measurements, which establishes a new framework for measuring fair value and expands the related disclosures. To increase consistency and comparability in fair value measurements and related disclosures, SFAS 157 established a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels:

Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-driven valuations whose inputs are observable or whose significant value drivers are observable.

The following table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis as of September 28, 2008 (in thousands):

Effective January 1, 2008, the Company adopted SFAS No. 159, which provides entities the option to measure many financial instruments and certain other items at fair value. Entities that choose the fair value option will recognize unrealized gains and losses on items for which the fair value option was elected in earnings at each subsequent reporting date. The Company has currently chosen not to elect the fair value option for any items that are not already required to be measured at fair value in accordance with accounting principles generally accepted in the United States.

The Company is subject to various unresolved legal actions that arise in the normal course of its business. These actions typically relate to product liability (including asbestos-related liability), patent and trademark matters, and disputes with customers, suppliers, distributors and dealers, competitors and employees.

On June 3, 2004, eight individuals who claim to have purchased lawnmowers in Illinois and Minnesota filed a lawsuit (Ronnie Phillips et al. v. Sears Roebuck Corporation et al., No. 04-L-334 (20th Judicial Circuit, St. Clair County, IL)) against ~~the Company~~Briggs & Stratton and other defendants alleging that the horsepower labels on the products they purchased were inaccurate. The plaintiffs ~~amended their complaint several times and were seeking~~sought an injunction, compensatory and punitive damages, and attorneys’ fees under various federal and state laws including the Racketeer Influenced and Corrupt Organization Act (RICO) on behalf of all persons in the United States who, beginning January 1, 1994 through the present, purchased a lawnmower containing a two-stroke or four-stroke gasoline combustion engine up to 30 horsepower that was manufactured by the defendants.

the defendants removed the case to the U.S. District Court for the Southern District of Illinois (No. 06-412-DRH). The defendants subsequently filed ~~cross claims against each other for indemnification and contribution, and filed~~ a motion to dismiss the amended ~~complaint.~~complaint, and two defendants (MTD Products, Inc. and American Honda Motor Company) notified the Court that they reached a settlement with the putative plaintiff class. On March 30, 2007, the Court issued an order granting ~~the~~ defendants’ motion to dismiss, ~~the amended complaint in its entirety, but the order permits the plaintiffs to re-file a complaint after amending several claims. On~~and on May 8, 2008 the Court issued an opinion that (i) ~~dismisses~~dismissed all the RICO claims ~~in their entirety~~ with ~~prejudice;~~prejudice, (ii) ~~dismisses the~~dismissed all claims of ~~all~~the 93 non-Illinois plaintiffs ~~without prejudice but~~ with ~~instructions that their~~leave to refile amended claims ~~must be filed~~ in ~~local courts; and~~individual state courts, (iii) ~~orders~~ordered that any amended complaint for the three Illinois plaintiffs ~~must~~ be refiled by May 30, ~~2008. Two defendants, MTD Products, Inc.~~2008, and ~~American Honda Motor Company,~~(iv) rejected the proposed class-wide settlement with MTD.

Plaintiffs subsequently filed new complaints in federal court in New Jersey, California and refiled an amended complaint in federal court in the Southern District of Illinois. On June 2, 2008, plaintiffs in the New Jersey action, the California action, and the Illinois action filed a motion with the Judicial Panel of Multidistrict Litigation seeking to transfer the three actions to the United States District Court for the District of New Jersey for coordinated pretrial proceedings. On August 12, 2008, the Multidistrict Litigation Panel denied plaintiffs’ request for centralization of these various state proceedings. Since that denial, plaintiffs have ~~notified the Court~~filed over 30 additional complaints that are now pending in over 20 different states and over 25 Federal Districts. Each of these complaints

alleges, among other things, breach of each state’s consumer fraud laws and seeks certification of a statewide class. Plaintiffs’ counsel have represented that they will be filing similar complaints in all states, the District of Columbia, and Puerto Rico. Defendants have ~~reached~~yet to answer or otherwise plead in response to the complaints.

On September 25, 2008, Briggs & Stratton along with several other defendants filed a ~~settlement~~new motion with the ~~putative plaintiff class.~~Judicial Panel on Multidistrict Litigation seeking to transfer the 30-plus actions to the United States District Court for the Southern District of Illinois or the United States District Court for the Northern District of Illinois. Plaintiffs have not contested that transfer is appropriate, but different groups of plaintiffs have argued that the cases should be transferred to the District of New Jersey, the Northern District of Ohio and the Eastern District of Texas. The ~~Court’s May 8, 2008 Opinion rejects the MTD settlement, but does not address the putative Honda settlement.~~Multidistrict Litigation Panel has scheduled an oral argument on this matter on November 20, 2008.

Although it is not possible to predict with certainty the outcome of these unresolved legal actions or the range of possible loss, the Company believes ~~these~~the unresolved legal actions will not have a material effect on its financial position.

Impairment charges were recognized in the Consolidated Condensed Statement of Income for ~~$35.2~~$43.1 million pretax ($~~21.4~~26.2 million after tax) during ~~the third quarter~~fiscal 2007, of ~~fiscal 2007. The $35.2 million pretax write-down of assets was~~which $33.9 and $9.2 were recognized in the Engines and Power Products Segments, ~~for $33.9 million and $1.3 million,~~ respectively. ~~During the fourth quarter of fiscal 2007, an additional impairment charge of $7.9 million was recognized in the Power Products Segment.~~ The Engines Segment $33.9 million charge was primarily for the write-down of assets of the Rolla, MO (Rolla) engine manufacturing facility that closed in the second quarter of fiscal 2008. A decision was made to close the Rolla facility as a result of the Company’s analysis to reduce its fixed manufacturing costs by consolidating production into its other existing engine plants in Poplar Bluff, MO and Chongqing, China. The related impaired machinery and equipment no longer used in production was sold in an auction or scrapped during the second quarter of fiscal 2008. The $9.2 million recognized in the Power Products Segment primarily relates to the closure of the Port Washington, WI (Port Washington) production facility expected to be completed in the second quarter of fiscal 2009. Management of the Company conducted an analysis of the Company’s manufacturing facilities that had been acquired through acquisitions over the past several years. Management concluded to consolidate the lawn and garden manufacturing facilities into three focused factories. A new factory in Newbern, TN, located near the Company’s high volume lawnmower engine plants, will build walk behind lawnmowers for the consumer market. An existing factory in McDonough, GA (McDonough) will build riding lawnmowers for the consumer market. A third factory in Munnsville, NY will build commercial riding lawnmowers and zero turn lawnmowers. The production from Port Washington WI will primarily move to the McDonough GA facility. For each ~~segment,~~Segment, it was determined that the carrying value of the assets exceeded the undiscounted future cash flows. The impairment was computed as the difference between the estimated fair value and the carrying value of the assets. Fair value was determined based on market prices for comparable assets.

~~Additionally, an~~An expense was recorded within cost of goods sold to accrue for severance payments to be paid to the employees of the Rolla facility. Accrued severance at July 1, 2007 was approximately $1.1 ~~million, all of which was recorded in the fourth quarter of fiscal 2007.~~million. Another ~~approximately $1.4~~$1.3 million was accrued in the first ~~nine months~~quarter of fiscal 2008, and approximately ~~$2.5~~$0.4 million was paid in the first ~~nine months~~quarter of fiscal 2008. Another $0.1 million was accrued in the remainder of fiscal 2008 and another $2.1 million was paid in the remainder of fiscal 2008, resulting in no remaining accrued severance as of June 29, 2008.

AnAdditionally, an expense was also recorded within cost of goods sold to accrue for severance payments to be paid to employees of the Port Washington facility upon its close. ~~Approximately $1.0~~A total of approximately $1.8 million of severance expense is expected to be incurred related to the closure of this facility, of which approximately $1.1 million was incurred in fiscal 2008 and ~~of this $1.0 million, approximately $0.5~~an additional $0.6 million has been incurred asin the first quarter of ~~March 30, 2008.~~fiscal 2009. Severance payments are contingent upon an employee working through scheduled end dates, and will continue to accrue until the plant closes.

During the second quarter of fiscal 2008, the Company and Metal Technologies Holding Company, Inc. (MTHC) entered into a Class B Preferred Share Redemption Agreement that provided for MTHC to pay all dividends in arrears on the 45,000 MTHC Class B preferred shares held by the Company and redeem the shares in exchange for a payment to the Company. The shares were received as part of the payment from MTHC when it acquired certain foundry operations of the Company in 1999. The Company received $66.0 million, resulting in a $37.0 million gain ($29.0 million after tax) on this sale of preferred stock and final dividend payment.

In June 1997, the Company issued $100 million of 7.25% senior notes, in May 2001, the Company issued $275 million of 8.875% senior notes and in February 2005, the Company issued $125 million of variable rate term notes. In addition, the Company had a $350 million revolving credit facility used to finance seasonal working capital needs that was to expire in May 2009.

On July 12, 2007, the Company entered into a $500 million amended and restated multicurrency credit agreement. The Amended Credit Agreement (“Revolver”) provides a revolving credit facility for up to $500 million in revolving loans, including up to $25 million in swing-line loans. The Company used the proceeds of the Revolver to, among other things, pay off the remaining amount outstanding under the Company’s variable rate term notes issued in February 2005 and retire the 7.25% senior notes that were due in September 2007. The Revolver has a term of five years and all outstanding borrowings on the Revolver are due and payable on July 12, 2012. The Revolver contains covenants that the Company considers usual and customary for an agreement of this type, including a Maximum Total Leverage Ratio and Minimum Interest Coverage Ratio. Certain of the Company’s subsidiaries are required to be guarantors of the Company’s obligations under the Revolver.

Under the terms of the Company’s 8.875% senior notes and the Revolver (collectively, the “Domestic Indebtedness”), Briggs & Stratton Power Products Group, LLC is the joint and several guarantor of the Domestic Indebtedness (the “Guarantor”). The guarantees are full and unconditional guarantees. Additionally, if at any time a domestic subsidiary of the Company constitutes a significant domestic subsidiary, then such domestic subsidiary will also become a guarantor of the Domestic Indebtedness. Currently, all of the Domestic Indebtedness is unsecured. If the Company were to fail to make a payment of interest or principal on its due date, the Guarantor is obligated to pay the outstanding Domestic Indebtedness. The Company had the following outstanding amounts related to the guaranteed debt (in thousands):


	March 30, 2008 Carrying Amount		Maximum Guarantee		September 28, 2008 Carrying Amount		Maximum Guarantee
8.875% Senior Notes, due March 15, 2011	$	266,340	$	268,000	$	266,616	$	268,000

Revolving Credit Facility, expiring July 12, 2012	$	269,100	$	500,000	$	135,870	$	500,000

The following condensed supplemental consolidating financial information reflects the summarized financial information of ~~the Company,~~Briggs & Stratton, its Guarantor and Non-Guarantor Subsidiaries (in thousands):


	Briggs & Stratton Corporation		Guarantor Subsidiary		Non-Guarantor Subsidiaries		Eliminations			Consolidated		Briggs & Stratton Corporation		Guarantor Subsidiary		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Current assets	$	710,316	$	846,583	$	218,601	$	(568,895	)	$	1,206,605	$	542,591	$	455,338	$	260,171	$	(257,642	)	$	1,000,458
Investment in subsidiaries		825,177		—		—		(825,177	)		—		715,776		—		—		(715,776	)		—
Non-current assets		383,389		446,751		37,303		—			867,443		544,725		311,804		51,377		(46,030	)		861,876

	$	1,918,882	$	1,293,334	$	255,904	$	(1,394,072	)	$	2,074,048	$	1,803,092	$	767,142	$	311,548	$	(1,019,448	)	$	1,862,334

Current liabilities	$	569,021	$	452,020	$	169,303	$	(553,574	)	$	636,770	$	498,802	$	111,014	$	134,473	$	(257,642	)	$	486,647
Long-term debt		266,340		—		—		—			266,340		266,617		—		—		—			266,617
Other long-term obligations		222,682		102,303		435		—			325,420		224,617		70,467		46,960		(46,029	)		296,015
Shareholders’ investment		860,839		739,011		86,166		(840,498	)		845,518		813,056		585,661		130,115		(715,777	)		813,055

	$	1,918,882	$	1,293,334	$	255,904	$	(1,394,072	)	$	2,074,048	$	1,803,092	$	767,142	$	311,548	$	(1,019,448	)	$	1,862,334


	Briggs & Stratton Corporation		Guarantor Subsidiary		Non-Guarantor Subsidiaries		Eliminations			Consolidated		Briggs & Stratton Corporation		Guarantor Subsidiary		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Current assets	$	563,956	$	833,255	$	176,817	$	(580,935	)	$	993,093	$	543,349	$	1,071,298	$	234,889	$	(870,999	)	$	978,537
Investment in subsidiaries		793,747		—		—		(793,747	)		—		1,065,613		—		—		(1,065,613	)		—
Non-current assets		418,213		438,506		34,656		—			891,375		371,781		445,777		37,199		—			854,757

	$	1,775,916	$	1,271,761	$	211,473	$	(1,374,682	)	$	1,884,468	$	1,980,743	$	1,517,075	$	272,088	$	(1,936,612	)	$	1,833,294

Current liabilities	$	443,588	$	452,975	$	140,043	$	(563,536	)	$	473,070	$	574,795	$	462,968	$	166,838	$	(870,999	)	$	333,602
Long-term debt		267,909		—		—		—			267,909		365,555		—		—		—			365,555
Other long-term obligations		204,066		99,571		398		—			304,035		202,870		93,218		526		—			296,614
Shareholders’ investment		860,353		719,215		71,032		(811,146	)		839,454		837,523		960,889		104,724		(1,065,613	)		837,523

	$	1,775,916	$	1,271,761	$	211,473	$	(1,374,682	)	$	1,884,468	$	1,980,743	$	1,517,075	$	272,088	$	(1,936,612	)	$	1,833,294


	Briggs & Stratton Corporation			Guarantor Subsidiary			Non-Guarantor Subsidiaries			Eliminations			Consolidated			Briggs & Stratton Corporation			Guarantor Subsidiary			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	950,319		$	589,482		$	148,364		$	(208,904	)	$	1,479,261		$	196,867		$	178,054		$	45,845		$	(53,697	)	$	367,069
Cost of goods sold		793,104			535,743			121,454			(209,027	)		1,241,274			170,404			172,161			36,895			(55,235	)		324,225
Impairment charge		33,900			—			1,300			—			35,200

Gross profit		123,315			53,739			25,610			123			202,787			26,463			5,893			8,950			1,538			42,844
Engineering, selling, general and administrative expenses		118,338			52,892			22,317			—			193,547			37,213			18,432			8,495			—			64,140
Equity in (earnings) loss from subsidiaries		(3,583	)		—			—			3,583			—
Equity in loss from subsidiaries																	8,421			—			—			(8,421	)		—

Income from operations		8,560			847			3,293			(3,460	)		9,240
Income (loss) from operations																	(19,171	)		(12,539	)		455			9,959			(21,296	)
Interest expense		(35,292	)		(81	)		(181	)		2,000			(33,554	)		(8,843	)		(72	)		(58	)		—			(8,973	)
Other income (expense), net		8,145			2,230			386			(1,585	)		9,176			(865	)		905			(613	)		595			22

Income (loss) before income taxes		(18,587	)		2,996			3,498			(3,045	)		(15,138	)
Loss before income taxes																	(28,879	)		(11,706	)		(216	)		10,554			(30,247	)
Provision (credit) for income taxes		(4,815	)		2,139			772			(1,791	)		(3,695	)		(5,935	)		(3,860	)		359			—			(9,436	)

Net income (loss)	$	(13,772	)	$	857		$	2,726		$	(1,254	)	$	(11,443	)
Net loss																$	(22,944	)	$	(7,846	)	$	(575	)	$	10,554		$	(20,811	)

~~For~~On October 2, 2008, the ~~Nine Months Ended April 1, 2007~~Company repurchased $20 million of Briggs & Stratton Corporation 8.875% Notes due March 15, 2011 at a discount, after receiving an unsolicited offer from a bondholder, which resulted in an immaterial gain.

~~ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS~~

The following is management’s discussion and analysis of ~~the Company’s~~Briggs & Stratton’s financial condition and results of operations for the periods included in the accompanying consolidated condensed financial statements:

Consolidated net sales for the ~~third~~first quarter of fiscal ~~2008~~2009 totaled ~~$725~~$458 million, an increase of $8$91 million or 1%25% when compared to fiscal ~~2007.~~2008.

~~Third~~First quarter net sales for the Engines Segment were ~~$546~~$259 million versus ~~$516~~$208 million ~~for the same period a year ago,~~in fiscal 2008, an increase of 6%$51 million or 25%. ~~The~~This increase ~~resulted primarily from an increase in~~reflects 27% greater engine unit shipments between quarters and the favorable impact of sales denominated in Euro due to the change in Euro exchange rates. We have had placement gains in the U.S. as a result of a major competitor no longer supplying lawn and garden engines to OEM customers and we have gained volume from OEM customers in Europe.

Third quarter net sales for the Power Products Segment were $241 million, an $8 million or 3% decrease from the same period a year ago. Sales of lawn and garden equipment grew between years due to increased placement at major retailers, but this was offset by the continued softness in demand for generator product and a small decline in pressure washer shipments ahead of the spring selling season. Major retailers have adequate inventories and appear to be controlling inventory replenishment levels very tightly as they try to navigate through the weak economy.

~~Consolidated net sales for the first nine months of fiscal 2008 totaled $1.57 billion, an increase of $91 million or 6%,~~ compared to ~~the first nine months of fiscal 2007.~~

Engines Segment sales for the first nine months of fiscal 2008 were $1.07 billion versus $985 million in the prior year, a 9% increase. The increase resulted primarily from an increase in engine unit shipments between years and a favorable impact of sales denominated in Euro due to the change in Euro exchange rates.

~~Power Products Segment net sales for the first nine months of fiscal 2008 were $625 million, an $18 million or 3% increase over~~ the same period a year ago. The increase was partially attributable to low channel inventories of lawn and garden equipment that needed to be replenished due to ongoing demand throughout the summer. Additionally, weather events caused strong demand for portable generator engines and demand increased for snow thrower engines in anticipation of the upcoming snow season.

First quarter Power Products Segment net sales ~~improvement~~were $256 million versus $187 million in fiscal 2008, an increase of $69 million or 37%. This increase was primarily the result of ~~unit shipment increases~~several hurricanes making landfall in ~~pressure washers and certain lawn and garden products. Both fiscal year 2007 and fiscal year 2008 lacked demand created by landed-hurricanes. However,~~the United States in the first ~~fiscal~~quarter, causing increased sales of portable generators. There was no storm activity in the first quarter of ~~2007 did have~~fiscal 2008. Additionally, $13.2 million of sales were included for the ~~benefit of some generator replenishment demand created by tax holiday sales in Florida, while this year’s demand~~first time from the ~~tax holiday event was negligible.~~June 30, 2008 acquisition of Victa Lawncare Pty. Ltd.

The consolidated gross profit margin in the ~~third~~first quarter of fiscal ~~2008~~2009 increased to ~~16.8%~~14.1% from ~~12.5%~~11.7% in the same period last year.

Engines Segment ~~margins increased~~gross profit margin decreased to ~~20.8%~~15.6% in the ~~third~~first quarter of fiscal ~~2008~~2009 from ~~11.9%~~16.4% in the ~~third~~first quarter of fiscal ~~2007.~~2008. This ~~improvement~~decline in margin is primarily ~~attributable~~due to the ~~benefit~~mix of ~~favorable exchange rates for Euro denominated sales~~engines sold with lower profit margins. In addition, manufacturing costs increased due to higher commodity costs and increases in transportation costs and certain other overhead expense categories. These unfavorable items were offset in part due to cost savings of approximately $4.0 million from no longer operating the ~~absence of the $33.9 million write-down of assets incurred in fiscal 2007 for the rationalization of a major operating~~Rolla, MO plant ~~in the U.S. Additionally, lower manufacturing spending~~ and improved ~~utilization of~~absorption due to higher production ~~facilities, offset by a mix shift to lower margined engines, contributed to this improvement.~~

The Power Products Segment gross profit margin ~~decreased~~increased to ~~4.4%~~8.4% for the ~~third~~first quarter of fiscal ~~2008~~2009 from ~~10.4%~~4.5% in the ~~third~~first quarter of fiscal ~~2007.~~2008. This margin ~~decline~~improvement is aprimarily the result of ~~$5.8 million~~higher sales of portable generators combined with improved absorption of fixed costs due to higher production volumes. In addition, initial startup costs for ~~a new~~the Newbern, Tennessee plant ~~and new product models for the lawn and garden markets that did not exist~~incurred in the ~~third quarter a~~prior year ~~ago. Additionally, sales have shifted to a mix of lower margined products.~~

~~The consolidated gross profit margin for the first nine months of fiscal 2008 decreased to 13.5% from 13.7% in the same period a year ago.~~

Engines Segment margins for the first nine months of fiscal 2008 increased to 18.0% from 14.2% in fiscal 2007. This improvement is primarily attributable to the absence of the $33.9 million write-down of assets incurred in fiscal 2007 for the rationalization of a major operating plant in the U.S. and the benefit of favorable exchange rates for Euro denominated sales, offset by a mix shift to lower margined engines and the impact of a $19.8 million warranty expense associated with the snow engine recall.

Power Products margins for the first nine months of fiscal 2008 decreased to 3.4% from 10.0% in fiscal 2007. This margin decline is a result of $12.6 million of increased expenses and lower utilization at certain of the Company’s lawn and garden equipment manufacturing plants in conjunction with the start up and reconfiguration of those operations. Additionally, there was an unfavorable mix of sales to lower margined product, primarily in the generator and pressure washer equipment categories.were not recurring.

Engineering, selling, general and administrative expenses were ~~$69~~$65 million in the ~~third~~first quarter of fiscal ~~2008,~~2009, an increase of $5$1 million or 8%2% from the ~~third~~first quarter of fiscal 2007. Engineering, selling, general and administrative expenses for the first nine months of fiscal 2008 were $199 million, an increase of $6 million or 3% from the same period a year ago. The third quarter2008. This increase is primarily attributable to higher ~~salary and transportation expenses. The fiscal year to date increase over last year is attributable to higher~~ salaries and fringe ~~benefits.~~benefits, offset by reduced marketing and travel expenses.

Interest expense for the ~~third~~first quarter of fiscal ~~2008~~2009 was ~~$10.1~~$7.9 million, ~~versus $12.7~~down $1.1 million ~~in fiscal 2007. Interest expense was $29.7~~from the $9.0 million in the first ~~nine months~~quarter of ~~fiscal 2008, versus $33.6 million in fiscal 2007. Interest expense is less in the third quarter and nine months of fiscal~~ 2008, due to lower borrowings for working capital and lower average interest rates.

The ~~third~~first quarter ~~and year to date~~ fiscal ~~2008~~2009 effective tax ~~rates are at 16.9% and 2.2%, respectively~~rate is 71.4% versus the ~~40.2% and 24.4%~~31.2% used in the same ~~respective periods~~period last year. The ~~effective~~increase is a result of a tax ~~rate for the full year is projected to be in the range of 23.0% to 25.0%. The variation reflected between years is due~~reserve decrease related to the ~~required recognition~~favorable tax treatment of foreign dividends and the impact of foreign exchange and interest rate adjustments. These are discrete items for which the tax effects ~~of certain events as discrete items~~are required to be recognized in the quarter in which they occur in rather than in the overall expected annual tax rate. ~~In addition, the impact of expected tax credits as a percentage of annual earnings for fiscal 2008 results in lowering the projected effective tax rate in fiscal 2008.~~

Cash used inby operating activities for the first ~~nine months~~quarter of fiscal ~~2008~~2009 was ~~$138~~$2 million as compared to ~~$109~~the $26 million ~~for fiscal 2007, a decrease of $29 million of cash flow from operating activities. During~~in the first ~~nine months~~quarter of fiscal 2008, ~~the net change~~a $24 million improvement. This improvement is primarily attributable to increased operating earnings resulting from improved sales volumes, combined with $3 million less of working capital ~~accounts including inventory, accounts payable, and accounts receivable, was consistent with the prior year period at an approximate use of $184 million,~~

~~including an $85 million increase in accounts receivable and an $87 million decline in inventory build-up. The change in accounts receivable is a result of the timing of collections and shipments~~requirements compared to ~~OEMs. A focus on lowering inventory levels resulted in less of an inventory build-up in~~ the first ~~nine months~~quarter of fiscal ~~2008,~~2008.

In the first quarter of fiscal 2009, $34 million was used for investing activities as compared to ~~the same period a year ago. The lower~~$18 million in fiscal ~~2008 cash flows from operating activities~~2008. This $16 million increase is primarily the result of $25 million net cash used for the ~~$37.0 million gain on the sale~~acquisition of an investment in preferred stock including the final dividends paid on the preferred stock during fiscal 2008, the $35.2 million non-cash impairment charge recognized in fiscal 2007, but absent in fiscal 2008,Victa, offset by $7 million less of additions to plant and equipment. The decrease in additions to plant and equipment primarily relates to the ~~$33.0 million improvement~~absence of capital expenditures incurred in ~~earnings.~~

In the first ~~nine months~~quarter of ~~fiscal 2008, $20 million was provided by investing activities~~the prior year related to the new lawn equipment plant located in Newbern, Tennessee and projects in McDonough, Georgia, both of which are taking on additional capacity due to the future closure of our Port Washington, Wisconsin facility. Additionally, capital projects occurred in our Poplar Bluff, Missouri facility in the first quarter of the prior year as ~~compared to $45 million used in investing activities in fiscal 2007. This $65 million increase is a result~~it prepared for additional capacity from the closure of ~~$66 million in proceeds received on the sale of an investment in preferred stock including the final dividends paid on the preferred stock.~~our Rolla, Missouri facility.

Net cash provided by financing activities was ~~$129~~$38 million in ~~the first nine months~~ fiscal ~~2008,~~2009, a ~~$48~~$13 million ~~increase~~decrease from the ~~$81~~$51 million provided in the first ~~nine months~~quarter of fiscal ~~2007.~~2008. This ~~increase~~decrease is primarily attributable to the absence of treasury share repurchases in fiscal 2008. Treasury share repurchases of 1.7 million shares or $48 million were made during the first nine months of fiscal 2007, whereas no treasury share repurchases were made in the first nine months of 2008.decreased net borrowings for working capital purposes.

On July 12, 2007, the Company entered into a $500 million amended and restated multicurrency credit agreement. The Amended Credit Agreement (“~~the~~ Revolver”) provides a revolving credit facility for up to $500 million in revolving loans, including up to $25 million in swing-line loans. The Company used the proceeds of the Revolver to pay off the remaining amounts outstanding under the Company’s variable rate term notes issued in February 2005 with various financial institutions, retire the 7.25% senior notes that were due in September 2007 and fund seasonal working capital requirements and other financing needs. The Revolver has a term of five years and all outstanding borrowings on the Revolver are due and payable on July 12, 2012. As of ~~March 30, 2008,~~the end of the first quarter of fiscal 2009, the unused availability onof the ~~Revolver is~~revolving credit facility was approximately ~~$229~~$362 million. This credit facility and ~~the Company’s~~Briggs and Stratton’s other indebtedness contain restrictive covenants as described in ~~Notes~~Note 8 ~~and 19~~ of the Notes to the Consolidated Financial Statements of the Company’s Annual Report on Form 10-K. As of the end of the ~~third~~first quarter of fiscal ~~2008, the Company~~2009, Briggs & Stratton was in compliance with these covenants.

On August 10, 2006, the Company announced its intent to initiate repurchases of up to $120 million of its common stock through open market transactions during fiscal 2007 and fiscal 2008. As of March 30, 2008, approximately $48 million of common stock has been repurchased under this plan.

Management expects cash outflows for capital expenditures to be approximately ~~$70~~$50 million in fiscal ~~2008.~~2009. These anticipated expenditures provide for continued investment in equipment, new products and ~~new products.~~capacity enhancements. These expenditures will be funded using available cash.

Management believes that available cash, the credit facility, cash generated from operations and existing lines of credit will be adequate to fund capital requirements for the foreseeable future.

A discussion of ~~a change in accounting principle, correction of errors,~~an acquisition and impairment and disposal charges ~~and a sale of an investment~~ are included in the Notes to Consolidated Condensed Financial Statements of this Form 10-Q under the headings ~~Change in Accounting Principle~~Acquisitions and ~~Correction of Errors,~~ Impairment and Disposal Charges, ~~and Sale of Investment,~~ respectively, and incorporated herein by reference.

There have been no material changes since the ~~September 17, 2007,~~August 28, 2008, filing of the Company’s Annual Report on Form ~~10-K/A.~~10-K.

Other than the change in the method the Company uses to compute the market related value of the assets within its qualified defined benefit pension plan and the corrections made to address errors found in previously reported financial statements, both discussed in the Notes to Consolidated Condensed Financial Statements of this Form 10-Q under the heading Change in Accounting Principle and Correction of an Error, thereThere have been no material changes in ~~the Company’s~~Briggs & Stratton’s critical accounting policies since the ~~September 17, 2007~~August 28, 2008 filing of its Annual Report on Form ~~10-K/A.~~10-K. As discussed in ~~the Company’s~~our annual report, the preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions about future events that affect the amounts reported in the financial statements and accompanying notes. Future events and their effects cannot be determined with absolute certainty. Therefore, the determination of estimates requires the exercise of judgment. Actual results inevitably will differ from those estimates, and such differences may be material to the financial statements.

The most significant accounting estimates inherent in the preparation of ~~the~~our financial statements include a goodwill assessment, estimates as to the recovery of accounts receivable and inventory reserves, as well as estimates used in the determination of liabilities related to customer rebates, pension obligations, postretirement benefits, warranty, product liability, group health insurance, litigation and taxation. Various assumptions and other factors underlie the determination of these significant estimates. The process of determining significant estimates is fact specific and takes into account factors such as historical experience, current and expected economic conditions, product mix, and, in some instances, actuarial techniques. ~~The Company~~Briggs & Stratton re-evaluates these significant factors as facts and circumstances change.

The pension benefit obligation and related pension expense or income is impacted by certain actuarial assumptions, including the discount rate and expected rate of return on plan assets. These rates are evaluated considering such factors as market interest rates and historical assets performance, which is essential in the current volatile market.

A discussion of new accounting pronouncements is included in the Notes to Consolidated Condensed Financial Statements of this Form 10-Q under the heading New Accounting Pronouncements and incorporated herein by reference.

This report contains certain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. The words “anticipate”, “believe”, “estimate”, “expect”, “forecast”, “intend”, “may”, “objective”, “plan”, “project”, “seek”, “think”, “will”, and similar expressions are intended to identify forward-looking statements. The forward-looking statements are based on the company’s current views and assumptions and involve risks and uncertainties that include, among other things, the ability to successfully forecast demand for our products and appropriately adjust our manufacturing and inventory levels; changes in our operating expenses; changes in interest rates; the effects of weather on the purchasing patterns of consumers and original equipment manufacturers (OEMs); actions of engine manufacturers and OEMs with whom we compete; the seasonal nature of our business; changes in laws and regulations, including environmental, tax, pension funding and accounting standards; work stoppages or other consequences of any deterioration in our employee relations; work stoppages by other unions that affect the ability of suppliers or customers to manufacture; acts of war or terrorism that may disrupt

~~may disrupt~~ our business operations or those of our customers and suppliers; changes in customer and OEM demand; changes in prices of raw materials and parts that we purchase; changes in domestic economic conditions, including housing starts and changes in consumer ~~disposable income;~~confidence; changes in the market value of the assets in our defined benefit pension plan and any related funding requirements; changes in foreign economic conditions, including currency rate fluctuations; the actions of customers of our OEM customers; the ability to bring new productive capacity on line efficiently and with good quality; the ability to successfully realize the maximum market value of assets that may require disposal if products or production methods change; new facts that come to light in the future course of litigation proceedings which could affect our assessment of those matters; and other factors that may be disclosed from time to time in our SEC filings or otherwise, including the factors discussed in Item 1A, Risk Factors, of the ~~Company’s~~company’s Annual Report on Form 10-K and in its periodic reports on Form 10-Q. Some or all of the factors may be beyond our control. We caution you that any forward-looking statement reflects only our belief at the time the statement is made. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made.

There have been no material changes since the ~~September 17, 2007,~~August 28, 2008, filing of the Company’s Annual Report on Form ~~10-K/A.~~10-K.

~~The Company’s~~Briggs & Stratton’s management, with the participation of the Company’s Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of ~~the Company’s~~Briggs & Stratton’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this report. Based on such evaluation, ~~the Company’s~~Briggs & Stratton’s Chief Executive Officer and Chief Financial Officer have concluded that, as of the end of such period, the Company’s disclosure controls and procedures are effective in recording, processing, summarizing and reporting, on a timely basis, information required to be disclosed by ~~the Company~~Briggs & Stratton in the reports that it files or submits under the Exchange Act.

There has not been any change in ~~the Company’s~~Briggs & Stratton’s internal control over financial reporting during the ~~third~~first fiscal quarter that has materially affected, or is reasonably likely to materially affect, ~~the Company’s~~Briggs & Stratton’s internal control over financial reporting.

A discussion of legal proceedings is included in the Notes to Consolidated Condensed Financial Statements of this Form 10-Q under the heading Commitments and Contingencies and incorporated herein by reference.

In addition to the risk factors outlined in the August 28, 2008 filing of the Company’s Annual Report on Form 10-K, the Company faces risks related to the current credit crisis. Current uncertainty in global economic conditions resulting from the recent disruption in credit markets poses a risk to the overall economy that could impact consumer and customer demand for our products, as well as our ability to manage relationships with our customers, suppliers and creditors. If the current situation deteriorates significantly, our business could be negatively impacted, including such areas as reduced demand for our products from a slow-down in the general economy, or supplier or customer disruptions resulting from tighter credit markets.

At the Annual Meeting of Shareholders on October 15, 2008, director nominees named below were elected to a three-year term expiring in 2011 by the indicated votes cast for and withheld with respect to each nominee.

Directors whose terms of office continue past the Annual Meeting of Shareholders are William F. Achtmeyer, David L. Burner, Mary K. Bush, Robert J. O’Toole, John S. Shiely and Charles I. Story.

Shareholders ratified the selection of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm. The vote was 43,052,048 for the proposal, 268,265 against, with 119,833 abstentions.

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 thereunto duly authorized.


Large accelerated filer	~~Large accelerated filer~~ x	Accelerated filer¨	¨

Non-accelerated filer	~~Non-accelerated filer~~ ¨	Smaller reporting company¨
	¨
(Do not check if a smaller reporting company)


Class		Outstanding at ~~May 2,~~October 31, 2008
COMMON STOCK, par value $0.01 per share		~~49,556,804~~49,811,729 Shares


			Page No.
PART I – FINANCIAL INFORMATION

	Item 1.	Financial Statements

		Consolidated Condensed Balance Sheets – ~~March 30,~~September 28, 2008 and ~~July 1, 2007~~June 29, 2008	3

		Consolidated Condensed Statements of Income – Three ~~and Nine~~ Months Ended ~~March 30,~~September 28, 2008 and ~~April 1,~~September 30, 2007	5

		Consolidated Condensed Statements of Cash Flows – ~~Nine~~Three Months Ended ~~March 30,~~September 28, 2008 and ~~April 1,~~September 30, 2007	6

		Notes to Consolidated Condensed Financial Statements	7

	Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	20

	Item 3.	Quantitative and Qualitative Disclosures About Market Risk	23

	Item 3.4.	~~Quantitative~~Controls and ~~Qualitative Disclosures About Market Risk~~Procedures	2723

PART II – OTHER INFORMATION

	Item 1.	Legal Proceedings	23

	Item 1A.	Risk Factors	23

	Item 4.	~~Controls and Procedures~~Submission of Matters to a Vote of Security Holders	27

~~PART II – OTHER INFORMATION~~

	~~Item 1.~~	~~Legal Proceedings~~	2724

	Item 6.	Exhibits	2824

	Signatures		2925

	Exhibit Index		3026


	Three months ended April 1, 2007
	As Reported	Pension Accounting Change		Error Correction		As Restated
Net sales	717,053	—		(100	)	716,953
Cost of goods sold	596,641	(1,916	)	(2,200	)	592,525
Gross profit on sales	85,212	1,916		2,100		89,228
Engineering, selling, general and administrative expenses	64,289	(639	)	—		63,650
Income from operations	20,923	2,555		2,100		25,578
Income before provision for income taxes	13,033	2,555		2,100		17,688
Provision for income taxes	5,263	997		844		7,104
Net income	7,770	1,558		1,256		10,584

Basic earnings per share	0.15	0.03		0.03		0.21
Diluted earnings per share	0.15	0.03		0.03		0.21


	Nine months ended April 1, 2007
	As Reported		Pension Accounting Change		Error Correction	As Restated
Net sales	1,478,361		—		900	1,479,261
Cost of goods sold	1,246,223		(5,749	)	800	1,241,274
Gross profit on sales	196,938		5,749		100	202,787
Engineering, selling, general and administrative expenses	195,463		(1,916	)	—	193,547
Income from operations	1,475		7,665		100	9,240
Loss before credit for income taxes	(22,903	)	7,665		100	(15,138	)
Credit for income taxes	(6,725	)	2,990		40	(3,695	)
Net loss	(16,178	)	4,675		60	(11,443	)

Basic loss per share	(0.32	)	0.09		0.00	(0.23	)
Diluted loss per share	(0.32	)	0.09		0.00	(0.23	)


	July 1, 2007
	As Reported		Pension Accounting Change		Error Correction		As Restated
Inventories –
Finished products and parts	345,763		—		(1,689	)	344,074
Work in process	199,215		—		(973	)	198,242
Raw materials	7,804		—		(38	)	7,766
Total inventories	552,782		—		(2,700	)	550,082
Total current assets	995,793		—		(2,700	)	993,093
Total assets	1,887,168		—		(2,700	)	1,884,468
Accounts payable	179,476		—		8,300		187,776
Accrued liabilities	170,555		—		(4,400	)	166,155
Total current liabilities	469,170		—		3,900		473,070
Retained earnings	1,042,673		72,441		(6,600	)	1,108,514
Accumulated other comprehensive loss	(56,510	)	(72,441	)	—		(128,951	)
Total shareholders’ investment	846,054		—		(6,600	)	839,454
Total liabilities and shareholders’ investment	1,887,168		—		(2,700	)	1,884,468


Assets Acquired:
Current assets	$	12,928
Property, plant and equipment		6,092
Goodwill		243
Other intangible assets		12,282

Total assets acquired		31,545
Liabilities Assumed:
Current liabilities	$	6,788

Total liabilities assumed		6,788

Net assets acquired	$	24,757


	September 28,		Fair Value Measurement Using
	2008		Level 1		Level 2		Level 3
Assets:
Derivatives	$	1,937	$	1,502	$	435	$	—
Liabilities:
Derivatives	$	1,819	$	1,817	$	2	$	—


Name of Nominee	For	Withheld
Michael E. Batten	42,235,216	1,204,930
Keith R. McLoughlin	42,406,508	1,033,638
Brian C. Walker	31,628,413	11,811,733


Exhibit Number		Description
~~10.0~~		~~Amendment to Briggs & Stratton Corporation Key Employee Savings and Investment Plan, Effective January 1, 2008 (Filed herewith)~~

31.1		Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Filed herewith)

31.2		Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Filed herewith)

32.1		Certification of the Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Filed herewith)

32.2		Certification of the Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Filed herewith)


				BRIGGS & STRATTON CORPORATION
				(Registrant)

Date: ~~May 9,~~November 5, 2008				/s/ James E. Brenn
				James E. Brenn
				Senior Vice President and Chief Financial Officer and Duly Authorized Officer