Filed under Rule 424(b)(2)
Registration No. 33-51613
PRICING SUPPLEMENT NO. 7 DATED June 15, 1995
(To Prospectus Dated June 14, 1994 and Prospectus Supplement
Dated June 14, 1994)
U.S. $ 10,000,000 Principal Amount
CARPENTER TECHNOLOGY CORPORATION
Medium-Term Notes, Series A
Due from Nine Months to 30 Years from Date of Issue
Issue Date: June 19, 1995
Maturity Date: June 19, 2002
By Agency Transaction:
Public Offering Price (%): U.S. $ 10,000,000 (100%)
Proceeds to Company (%): U.S. $ 9,945,000 (99.45%)
Distributor's Commission (%): U.S. $ 55,000 (0.55%)
Original Issue Discount Security: Yes_____ No: X
Fixed Rate of Interest: Six and 78/100 percent (6.78%) per
annum
Interest Payment Date(s): January 15 and July 15
Regular Record Date(s): January 1 and July 1
Name of Distributors: CS First Boston Corporation
and J. P. Morgan Securities, Inc.