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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 20, 1995
THE DOW CHEMICAL COMPANY
(Exact name of registrant as specified in its charter)
Delaware 1-3433 38-1285128
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
2030 Dow Center, Midland, Michigan 48674
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (517) 636-1000
Not applicable
(Former name or former address, if changed since last report.)
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Item 5. Other Events
The Dow Chemical Company issued a press release on
January 20, 1995 related to the impact on its earnings due
to a special charge taken by Dow Corning Corporation, which
is partially owned by The Dow Chemical Company. The text of
that press release follows:
FOR FURTHER INFORMATION:
Doug Draper
The Dow Chemical Company
2030 Dow Center
Midland, MI 48674
517/636-2876
January 20, 1995
DOW CHEMICAL ANNOUNCES $70 MILLION IMPACT ON ITS EARNINGS
RESULTING FROM DOW CORNING SPECIAL CHARGE
Dow Corning Corporation, which is partially owned by The Dow
Chemical Company (50 percent shareholder), announced today
that it will take a pretax charge of $241 million ($152
million after tax) for the fourth quarter of 1994.
As a result of this charge, Dow Chemical will record its 50
percent share of the after tax loss net of any tax benefits
available to Dow. The impact on Dow Chemical's earnings in
the fourth quarter of 1994 and for the year will be $70
million and equal to 25 cents per share.
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SIGNATURES
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 hereunto duly
authorized.
THE DOW CHEMICAL COMPANY
Registrant
/s/ Roger L. Kesseler
_______________________________
ROGER L. KESSELER
Vice President, Controller
Date: January 20, 1995
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