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  <font size="3" face="Times New Roman"><b>UNITED STATES<br>
  SECURITIES AND EXCHANGE COMMISSION<br>
  Washington, D.C. 20549</b><br>
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  <b><font size="4" face="Arial">FORM 144</font><br>
  </b>
  
  <p align="center"><b><font size="3" face="Times New Roman">NOTICE OF PROPOSED SALE OF SECURITIES<br>
  PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933</font></b></p>
  
  <p><b><font size="3" face="Times New Roman">ATTENTION:&nbsp;&nbsp;</font></b> <i>Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale<br>
   or executing a sale directly with a market maker</i></p>
  
  <table border="1" cellspacing="0" cellpadding="0" width="937">
  <tr>
  <td colspan="3" valign="top">
  <p><font size="1" face="Times New Roman">1 <i>(a)</i> NAME OF ISSUER <i>(Please type or print)&nbsp;</i></font></p>
  
  <p><font size="2" face="Times New Roman">Sequa Corporation</font></p>
  </td>
  <td colspan="2" valign="top">
  <p><i><font size="1" face="Times New Roman">(b)</font></i><font size="1">IRS IDENT. NO&nbsp;</font></p>
  
  <p><font size="2" face="Times New Roman">13-1885030</font></p>
  </td>
  <td valign="top">
  <p><i><font size="1" face="Times New Roman">(c)</font></i> <font size="1">S.E.C. FILE NO.</font></p>
  
  <p><font size="2" face="Times New Roman">1-804</font></p>
  </td>
  <td colspan="2">
  <p>&nbsp;</p>
  </td>
  </tr>
  
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  <td colspan="6" height="8" valign="top">
  <p><font size="1" face="Times New Roman">1 (<i>d</i>) ADDRESS OF ISSUER
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  STREET
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  CITY&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; STATE
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  ZIP CODE</font></p>
  </td>
  <td colspan="2" height="8" valign="top">
  <p><i><font size="1" face="Times New Roman">(e)</font></i> <font size="1">TELEPHONE NO.</font></p>
  </td>
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  <p><font size="2" face="Times New Roman">200 Park Avenue, 44th Floor, New York, NY 10166</font></p>
  </td>
  <td valign="top">
  <p><font size="1" face="Times New Roman">AREA CODE</font></p>
  
  <p><font size="2" face="Times New Roman">(212)</font></p>
  </td>
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  <p align="center"><font size="1" face="Times New Roman">NUMBER</font></p>
  
  <p align="center"><font size="2" face="Times New Roman">986-5500</font></p>
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  <p><font size="1" face="Times New Roman">2 <i>(a)</i> NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD</font></p>
  
  <p><font size="2" face="Times New Roman">Sequa Corporation Master Trust</font></p>
  </td>
  <td valign="top">
  <p><i><font size="1" face="Times New Roman">(b)</font></i> <font size="1">IRS IDENT. NO.</font></p>
  
  <p><font size="2" face="Times New Roman">13-3708654</font></p>
  </td>
  <td colspan="2" valign="top">
  <p><i><font size="1" face="Times New Roman">(c)</font></i> <font size="1">RELATIONSHIP TO ISSUER</font></p>
  
  <p><font size="2" face="Times New Roman">Affiliate</font></p>
  </td>
  <td colspan="4" valign="top">
  <p><i><font size="1" face="Times New Roman">(d)</font></i> <font size="1">ADDRESS
  STREET&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  CITY&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  STATE&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ZIP CODE</font></p>
  
  <p><font size="2" face="Times New Roman">c/o Bank of New York, One Wall St., NY, NY 10286</font></p>
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  <p align="center"><i><font size="3" face="Times New Roman">INSTRUCTION:&nbsp; The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number.</font></i></p>
  
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  <p><font size="1" face="Times New Roman">3 <i>(a)</i></font></p>
  </td>
  <td valign="top">
  <p><i><font size="1" face="Times New Roman">(b)</font></i></p>
  </td>
  <td valign="top">
  <p align="center"><b><font size="1" face="Times New Roman">SEC USE ONLY</font></b></p>
  </td>
  <td valign="top">
  <p><i><font size="1" face="Times New Roman">(c)</font></i></p>
  </td>
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  <p><i><font size="1" face="Times New Roman">(d)</font></i></p>
  </td>
  <td valign="top">
  <p><i><font size="1" face="Times New Roman">(e)</font></i></p>
  </td>
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  <p><i><font size="1" face="Times New Roman">(f)</font></i></p>
  </td>
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  <p><i><font size="1" face="Times New Roman">(g)</font></i></p>
  </td>
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  <p align="center"><b><font size="1" face="Times New Roman">Title of the</font></b></p>
  
  <p align="center"><b><font size="1" face="Times New Roman">Class of</font></b></p>
  
  <p align="center"><b><font size="1" face="Times New Roman">Securities</font></b></p>
  
  <p align="center"><b><font size="1" face="Times New Roman">To Be Sold</font></b></p>
  </td>
  <td valign="top">
  <p align="center"><b><font size="1" face="Times New Roman">Name and Address of Each Broker Through Whom the</font></b></p>
  
  <p align="center"><b><font size="1" face="Times New Roman">Securities are to be Offered or Each Market Maker</font></b></p>
  
  <p align="center"><b><font size="1" face="Times New Roman">who is Acquiring the Securities</font></b></p>
  </td>
  <td valign="top" bgcolor="white">
  <p align="center"><b><font size="1" face="Times New Roman">Broker-Dealer</font></b></p>
  
  <p align="center"><b><font size="1" face="Times New Roman">File Number</font></b></p>
  </td>
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  <p align="center"><b><font size="1" face="Times New Roman">Number of Shares</font></b></p>
  
  <p align="center"><b><font size="1" face="Times New Roman">or Other Units</font></b></p>
  
  <p align="center"><b><font size="1" face="Times New Roman">To Be Sold</font></b></p>
  
  <p align="center"><b><i><font size="1" face="Times New Roman">(See instr. 3(c))</font></i></b></p>
  </td>
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  <p align="center"><b><font size="1" face="Times New Roman">Aggregate</font></b></p>
  
  <p align="center"><b><font size="1" face="Times New Roman">Market</font></b></p>
  
  <p align="center"><b><font size="1" face="Times New Roman">Value</font></b></p>
  
  <p align="center"><b><i><font size="1" face="Times New Roman">(See instr. 3(d))</font></i></b></p>
  </td>
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  <p align="center"><b><font size="1" face="Times New Roman">Number of Shares</font></b></p>
  
  <p align="center"><b><font size="1" face="Times New Roman">or Other Units</font></b></p>
  
  <p align="center"><b><font size="1" face="Times New Roman">Outstanding</font></b></p>
  
  <p align="center"><b><i><font size="1" face="Times New Roman">(See instr. 3(e))</font></i></b></p>
  </td>
  <td valign="top">
  <p align="center"><b><font size="1" face="Times New Roman">Approximate</font></b></p>
  
  <p align="center"><b><font size="1" face="Times New Roman">Date of Sale</font></b></p>
  
  <p align="center"><i><font size="1" face="Times New Roman">(See instr. 3(f))</font></i></p>
  
  <p align="center"><font size="1" face="Times New Roman">(MO.&nbsp; DAY&nbsp; YR.)</font></p>
  </td>
  <td valign="top">
  <p align="center"><b><font size="1" face="Times New Roman">Name of Each</font></b></p>
  
  <p align="center"><b><font size="1" face="Times New Roman">Securities</font></b></p>
  
  <p align="center"><b><font size="1" face="Times New Roman">Exchange</font></b></p>
  
  <p align="center"><b><i><font size="1" face="Times New Roman">(See instr. 3(g))</font></i></b></p>
  </td>
  </tr>
  
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  <td valign="top">
  <p align="center"><font size="2" face="Times New Roman">Class A Common</font></p>
  </td>
  <td valign="top">
  <p align="center"><font size="2" face="Times New Roman">BNY Brokerage Inc.,</font></p>
  
  <p align="center"><font size="2" face="Times New Roman">1633 Broadway, New York, NY</font></p>
  </td>
  <td valign="top" bgcolor="white"></td>
  <td valign="top">
  <p align="center"><font size="2" face="Times New Roman">35,000</font></p>
  </td>
  <td valign="top">
  <p align="center"><font size="2" face="Times New Roman">2,870,000</font></p>
  </td>
  <td valign="top">
  <p align="center"><font size="2" face="Times New Roman">7,930,379</font></p>
  </td>
  <td valign="top">
  <p align="center"><font size="2" face="Times New Roman">05/31/06</font></p>
  </td>
  <td valign="top">
  <p align="center"><font size="2" face="Times New Roman">NYSE</font></p>
  </td>
  </tr>
  
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  <td valign="top"></td>
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  <td valign="top" bgcolor="white"></td>
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  <p><b><font size="1" face="Times New Roman">INSTRUCTIONS:</font></b></p>
  
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  <tr>
  <td valign="top">
  <p><font size="1" face="Times New Roman">1. (a)&nbsp; Name of issuer</font></p>
  </td>
  <td valign="top">
  <p><font size="1" face="Times New Roman">3. (a) Title of the class of securities to be sold</font></p>
  </td>
  </tr>
  
  <tr>
  <td valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp; (b)&nbsp; Issuer&rsquo;s I.R.S. Identification Number</font></p>
  </td>
  <td valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp; (b)&nbsp; Name and address of each broker through whom the securities are intended to be sold</font></p>
  </td>
  </tr>
  
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  <td valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp; (c)&nbsp; Issuer&rsquo;s S.E.C. file number, if any</font></p>
  </td>
  <td valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp; (c)&nbsp; Number of shares or other units to be sold (if debt securities, give the aggregate face amount)</font></p>
  </td>
  </tr>
  
  <tr>
  <td valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp; (d)&nbsp; Issuer&rsquo;s address, including zip code</font></p>
  </td>
  <td valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp; (d)&nbsp; Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice</font></p>
  </td>
  </tr>
  
  <tr>
  <td valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp; (e)&nbsp; Issuer&rsquo;s telephone number, including area code</font></p>
  </td>
  <td valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp; (e)&nbsp; Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as &nbsp; shown by the most recent report or statement published by the
  issuer</font></p>
  </td>
  </tr>
  
  <tr>
  <td valign="top">
  <p><font size="1" face="Times New Roman">2. (a)&nbsp; Name of person for whose account the securities are to be sold</font></p>
  </td>
  <td valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp; (f)&nbsp; Approximate date on which the securities are to be sold</font></p>
  </td>
  </tr>
  
  <tr>
  <td valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp; (b)&nbsp; Such person&rsquo;s I.R.S. identification number, if such person is an entity</font></p>
  </td>
  <td valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp; (g)&nbsp; Name of each securities exchange, if any, on which the securities are intended to be sold</font></p>
  </td>
  </tr>
  
  <tr>
  <td valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp; (c)&nbsp; Such person&rsquo;s relationship to the issuer (e.g., officer, director, 10% &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; stockholder, or member of immediate family of any of the foregoing)</font></p>
  </td>
  <td valign="top"></td>
  </tr>
  
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  <td valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp; (d)&nbsp; Such person&rsquo;s address, including zip code</font></p>
  </td>
  <td valign="top"></td>
  </tr>
  </table>
  </div>
  
  <b><font size="3" face="Times New Roman"><br clear="all">
  </font></b>
  
  <div>
  <p align="center"><b><font size="3" face="Times New Roman">TABLE I &#8209; SECURITIES TO BE SOLD</font></b></p>
  
  <p align="center"><i><font size="3" face="Times New Roman">Furnish the following information with respect to the acquisition of the securities to be sold</font></i></p>
  
  <p align="center"><i><font size="3" face="Times New Roman">and with respect to the payment of all or any part of the purchase price or other consideration therefor:</font></i></p>
  
  <table border="1" cellspacing="0" cellpadding="0" width="943">
  <tr>
  <td colspan="2" valign="top">
  <p align="center"><font size="1" face="Times New Roman">Title of<br>
   the Class</font></p>
  </td>
  <td valign="top">
  <p align="center"><font size="1" face="Times New Roman">Date you Acquired</font></p>
  </td>
  <td>
  <p align="center"><font size="1" face="Times New Roman">Nature of Acquisition Transaction</font></p>
  </td>
  <td colspan="2" valign="top">
  <p align="center"><font size="1" face="Times New Roman">Name of Person from Whom Acquired<br>
   <i>(If gift, also give date donor acquired)</i></font></p>
  </td>
  <td valign="top">
  <p align="center"><font size="1" face="Times New Roman">Amount of Securities Acquired</font></p>
  </td>
  <td valign="top">
  <p align="center"><font size="1" face="Times New Roman">Date of Payment</font></p>
  </td>
  <td colspan="2">
  <p align="center"><font size="1" face="Times New Roman">Nature of Payment</font></p>
  </td>
  </tr>
  
  <tr>
  <td colspan="2" valign="top">
  <p align="center"><font size="1" face="Times New Roman">Class A Common</font></p>
  </td>
  <td valign="top">
  <p align="center"><font size="1" face="Times New Roman">4/22/1992</font></p>
  </td>
  <td valign="top">
  <p align="center"><font size="1" face="Times New Roman">Contribution</font></p>
  </td>
  <td colspan="2" valign="top">
  <p align="center"><font size="1" face="Times New Roman">Sequa Corporation</font></p>
  </td>
  <td valign="top">
  <p align="center"><font size="1" face="Times New Roman">120,000 shares</font></p>
  </td>
  <td valign="top">
  <p align="center"><font size="1" face="Times New Roman">4/22/1992</font></p>
  </td>
  <td colspan="2" valign="top"></td>
  </tr>
  
  <tr>
  <td>
  <p>&nbsp;</p>
  </td>
  <td colspan="4" valign="top"><font size="3" face="Times New Roman"><br clear="all">
  <br clear="all">
  </font>
  
  <p><b><font size="1" face="Times New Roman">INSTRUCTIONS:&nbsp;&nbsp;&nbsp;</font></b> <font size="1">1.&nbsp;&nbsp; If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the
  nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment
  paid.</font></p>
  </td>
  <td colspan="4" valign="top">
  <p><font size="1" face="Times New Roman">2.&nbsp; If within two years after the acquisition of the securities<br>
   the person for whose account they are to be sold had any<br>
   short positions, put or other option to dispose of securities<br>
   referred to in paragraph (d)(3) of Rule 144, furnish full<br>
   information with respect thereto.</font></p>
  </td>
  <td valign="top"></td>
  </tr>
  </table>
  
  <p align="center"><b><font size="3" face="Times New Roman">TABLE II &#8209; SECURITIES SOLD DURING THE PAST 3 MONTHS</font></b></p>
  
  <p align="center"><i><font size="3" face="Times New Roman">Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.</font></i></p>
  
  <table border="1" cellspacing="0" cellpadding="0" width="943">
  <tr>
  <td valign="top">
  <p align="center"><font size="1" face="Times New Roman">Name and Address of Seller</font></p>
  </td>
  <td valign="top">
  <p align="center"><font size="1" face="Times New Roman">Title of Securities Sold</font></p>
  </td>
  <td valign="top">
  <p align="center"><font size="1" face="Times New Roman">Date of Sale</font></p>
  </td>
  <td valign="top">
  <p align="center"><font size="1" face="Times New Roman">Amount of<br>
   Securities Sold</font></p>
  </td>
  <td valign="top">
  <p align="center"><font size="1" face="Times New Roman"><br>
   Gross Proceeds</font></p>
  </td>
  </tr>
  
  <tr>
  <td valign="top"></td>
  <td valign="top"></td>
  <td valign="top"></td>
  <td valign="top">
  <p align="center"><font size="2" face="Times New Roman">-0-</font></p>
  </td>
  <td valign="top"></td>
  </tr>
  </table>
  
  <p><b><font size="1" face="Times New Roman">REMARKS:</font></b></p>
  
  <table border="1" cellspacing="0" cellpadding="0" width="949">
  <tr>
  <td valign="top">
  <p><b><font size="3" face="Times New Roman">INSTRUCTIONS:&nbsp;</font></b></p>
  
  <p><font size="1" face="Times New Roman">See the definition of &ldquo;person&rdquo; in paragraph (a) of Rule 144. Information is to be given not only as to<br>
   &nbsp; the person for whose account the securities are to be sold but also as to all other persons included<br>
   &nbsp; in that definition. In addition, information shall be given as to sales by all persons whose sales are<br>
   required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.</font></p>
  </td>
  <td valign="top">
  <p><b><font size="3" face="Times New Roman">ATTENTION:&nbsp;</font></b></p>
  
  <p><i><font size="1" face="Times New Roman">The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and
  prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed.&nbsp;</font></i></p>
  </td>
  </tr>
  </table>
  
  <p><font size="3" face="Times New
  Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  May 31,
  2006&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  /s/ Kenneth A. Drucker&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
  
  <p><font size="1" face="Times New
  Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  DATE OF
  NOTICE&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  (SIGNATURE)</font></p>
  
  <p align="center"><i><font size="1" face="Times New Roman">The notice shall be</font> signed by the person for whose account the securities are to be sold.&nbsp; At least one copy of the notice shall be manually signed.</i></p>
  
  <p align="center"><i><font size="3" face="Times New Roman">Any copies not manually signed shall bear typed or printed signatures.</font></i></p>
  
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  <tr>
  <td valign="top">
  <p align="center"><b><font size="3" face="Times New Roman">ATTENTION:&nbsp; Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)</font></b></p>
  </td>
  </tr>
  </table>
  </div>
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metadata_documents: [{"type": "144", "sequence": "1", "filename": "form144_may31.htm", "description": "SALE OF STOCK BY MASTER TRUST", "secsgml_size_bytes": 23164}]
text: UNITED STATES
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington, D.C. 20549
  FORM 144
  NOTICE OF PROPOSED SALE OF SECURITIES
  PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
  ATTENTION:
  Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale
  or executing a sale directly with a market maker
  1
  (a)
  NAME OF ISSUER
  (Please type or print)
  Sequa Corporation
  (b)
  IRS IDENT. NO
  13-1885030
  (c)
  S.E.C. FILE NO.
  1-804
  1 (
  d
  ) ADDRESS OF ISSUER
                                                                                                                   
  STREET
                                                      
  CITY                                   STATE
                                                   
  ZIP CODE
  (e)
  TELEPHONE NO.
  200 Park Avenue, 44th Floor, New York, NY 10166
  AREA CODE
  (212)
  NUMBER
  986-5500
  2
  (a)
  NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD
  Sequa Corporation Master Trust
  (b)
  IRS IDENT. NO.
  13-3708654
  (c)
  RELATIONSHIP TO ISSUER
  Affiliate
  (d)
  ADDRESS
  STREET                                              
  CITY                                     
  STATE                   ZIP CODE
  c/o Bank of New York, One Wall St., NY, NY 10286
  INSTRUCTION:  The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number.
  3
  (a)
  (b)
  SEC USE ONLY
  (c)
  (d)
  (e)
  (f)
  (g)
  Title of the
  Class of
  Securities
  To Be Sold
  Name and Address of Each Broker Through Whom the
  Securities are to be Offered or Each Market Maker
  who is Acquiring the Securities
  Broker-Dealer
  File Number
  Number of Shares
  or Other Units
  To Be Sold
  (See instr. 3(c))
  Aggregate
  Market
  Value
  (See instr. 3(d))
  Number of Shares
  or Other Units
  Outstanding
  (See instr. 3(e))
  Approximate
  Date of Sale
  (See instr. 3(f))
  (MO.  DAY  YR.)
  Name of Each
  Securities
  Exchange
  (See instr. 3(g))
  Class A Common
  BNY Brokerage Inc.,
  1633 Broadway, New York, NY
  35,000
  2,870,000
  7,930,379
  05/31/06
  NYSE
  INSTRUCTIONS:
  1. (a)  Name of issuer
  3. (a) Title of the class of securities to be sold
  (b)  Issuer's I.R.S. Identification Number
  (b)  Name and address of each broker through whom the securities are intended to be sold
  (c)  Issuer's S.E.C. file number, if any
  (c)  Number of shares or other units to be sold (if debt securities, give the aggregate face amount)
  (d)  Issuer's address, including zip code
  (d)  Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice
  (e)  Issuer's telephone number, including area code
  (e)  Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as   shown by the most recent report or statement published by the
  issuer
  2. (a)  Name of person for whose account the securities are to be sold
  (f)  Approximate date on which the securities are to be sold
  (b)  Such person's I.R.S. identification number, if such person is an entity
  (g)  Name of each securities exchange, if any, on which the securities are intended to be sold
  (c)  Such person's relationship to the issuer (e.g., officer, director, 10%       stockholder, or member of immediate family of any of the foregoing)
  (d)  Such person's address, including zip code
  TABLE I ‑ SECURITIES TO BE SOLD
  Furnish the following information with respect to the acquisition of the securities to be sold
  and with respect to the payment of all or any part of the purchase price or other consideration therefor:
  Title of
  the Class
  Date you Acquired
  Nature of Acquisition Transaction
  Name of Person from Whom Acquired
  (If gift, also give date donor acquired)
  Amount of Securities Acquired
  Date of Payment
  Nature of Payment
  Class A Common
  4/22/1992
  Contribution
  Sequa Corporation
  120,000 shares
  4/22/1992
  INSTRUCTIONS:
  1.   If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the
  nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment
  paid.
  2.  If within two years after the acquisition of the securities
  the person for whose account they are to be sold had any
  short positions, put or other option to dispose of securities
  referred to in paragraph (d)(3) of Rule 144, furnish full
  information with respect thereto.
  TABLE II ‑ SECURITIES SOLD DURING THE PAST 3 MONTHS
  Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.
  Name and Address of Seller
  Title of Securities Sold
  Date of Sale
  Amount of
  Securities Sold
  Gross Proceeds
  -0-
  REMARKS:
  INSTRUCTIONS:
  See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to
  the person for whose account the securities are to be sold but also as to all other persons included
  in that definition. In addition, information shall be given as to sales by all persons whose sales are
  required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
  ATTENTION:
  The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and
  prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed.
  May 31,
  2006                                                                                                 
  /s/ Kenneth A. Drucker
  DATE OF
  NOTICE                                                                                                                                                                                                                             
  (SIGNATURE)
  The notice shall be
  signed by the person for whose account the securities are to be sold.  At least one copy of the notice shall be manually signed.
  Any copies not manually signed shall bear typed or printed signatures.
  ATTENTION:  Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)