CAPITAL RESEARCH & MANAGEMENT CO
SC 13G/A, 2000-12-12
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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20594
                                  SCHEDULE 13G
                   Under the Securities Exchange Act of 1934
                                (Amendment No. 1)*

                               Owens-Illinois, Inc.
                                (Name of Issuer)

                                 Common Stock
                         (Title of Class of Securities)

                                    690768403
                                 (CUSIP Number)

Check the following box if a fee is being paid with this statement . (A fee is
not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1: and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).


CUSIP:  690768403       PAGE 1 OF 4
<TABLE>
<CAPTION>
<S>      <C>                                                                     <C>
1        NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
         CAPITAL RESEARCH AND MANAGEMENT COMPANY
         95-1411037

2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                      (a) _
                                                                                (b) _

3        SEC USE ONLY

4        CITIZENSHIP OR PLACE OF ORGANIZATION
         DELAWARE

NUMBER   5        SOLE VOTING POWER
OF                NONE
SHARES
BENEFICIALLY
OWNED BY 6        SHARED VOTING POWER
EACH              NONE
REPORTING
PERSON   7        SOLE DISPOSITIVE POWER
WITH              15,307,970

         8        SHARED DISPOSITIVE POWER
                  NONE


9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         15,307,970 Beneficial ownership disclaimed pursuant to Rule 13d-4

10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
         10.5%

12       TYPE OF REPORTING PERSON*
         IA

</TABLE>

*SEE INSTRUCTION BEFORE FILLING OUT!


CUSIP:  690768403       PAGE 2 OF 4


SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

Schedule 13G
Under the Securities Exchange Act of 1934


Amendment No.


Item 1(a) Name of Issuer:
Owens-Illinois, Inc.

Item 1(b) Address of Issuer's Principal Executive Offices:
One SeaGate
Toledo, Ohio 43666

Item 2(a) Name of Person(s) Filing:
Capital Research and Management Company

Item 2(b) Address of Principal Business Office:
333 South Hope Street
Los Angeles, CA  90071

Item 2(c) Citizenship:   N/A

Item 2(d) Title of Class of Securities:
Common Stock

Item 2(e) CUSIP Number:
690768403

Item 3 The person(s) filing is(are):
(e) X Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940.

Item 4 Ownership

Capital Research and Management Company, an investment adviser registered under
Section 203 of the Investment Advisers Act of 1940 is deemed to be the
beneficial owner of 15,307,970 shares or 10.5% of the 146,032,000 shares of
Common Stock believed to be outstanding as a result of acting as investment
adviser to various investment companies registered under Section 8 of the
Investment Company Act of 1940.

Shares reported by Capital Research and Management Company includes
257,970 shares resulting from the assumed conversion of 271,800 shares
of the 4.75% Convertible Preferred, due 2049.

Item 5 Ownership of 5% or Less of a Class: _

Item 6 Ownership of More than 5% on Behalf of Another Person: N/A

Item 7 Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company: N/A

Item 8 Identification and Classification of Members of the Group:  N/A

Item 9 Notice of Dissolution of the Group:  N/A

Item 10 Certification


CUSIP:  690768403       PAGE 3 OF 4


By signing below, I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have the effect of changing
or influencing the control of the issuer of such securities and were not
acquired in connection with or as a participant in any transaction having such
purpose or effect.

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.

<TABLE>
<CAPTION>
<S>         <C>                <C>
            Date:              December 8, 2000 (For the period ended November 30, 2000)
            Signature:         *Paul G. Haaga, Jr.
            Name/Title:        Paul G. Haaga, Jr., Executive Vice President
                               Capital Research and Management Company
</TABLE>

<TABLE>
<CAPTION>
<S>        <C>
*By        /s/ James P. Ryan
           James P. Ryan
           Attorney-in-fact
</TABLE>

Signed pursuant to a Power of Attorney dated January 18, 2000 included as an
Exhibit to Schedule 13G filed with the Securities and Exchange Commission by
Capital Research and Management Company on February 10, 2000 with respect to
3COM Corporation.


CUSIP:  690768403       PAGE 4 OF 4



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