ETHYL CORP
SC 13G/A, 1996-02-14
CHEMICALS & ALLIED PRODUCTS
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               SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C. 20549

                          SCHEDULE 13G

            Under the Securities Exchange Act of 1934

                       (Amendment No. 17)




                      ETHYL CORPORATION                        
                      (Name of Issuer)



                         COMMON STOCK                          
                 (Title of Class of Securities)


                         297659-10-4                           
                        (CUSIP Number)



Check the following box if a fee is being paid with this
statement:
                                                               
1)  Names of Reporting Persons S.S. or I.R.S. Identification
    Nos. of Above Persons

    Floyd D. Gottwald, Jr.                                     

2)  Check the appropriate Box if a Member of a Group

    (a)                                                        

    (b)       X                                                
                                                               

3)  SEC Use Only                                               
                                                               

4)  Citizenship or Place of Organization   U.S.                
                                                               

Number of       (5)  Sole Voting Power    418,149              
Shares Bene-                                                   
 ficially       (6)  Shared Voting Power   5,851,786           
Owned by                                                       
Each Repor-     (7)  Sole Dispositive Power   418,149          
 ting Person                                                   
With            (8)  Shared Dispositive Power   5,851,786      
                                                               

9)  Aggregate Amount Beneficially Owned by Each Reporting Person

       6,269,935                                               

                                                           
10)  Check if the Aggregate Amount in Row (9) Excludes Certain
     Shares         316,755 shares held by foundation,         
                  4,372,310  shares held by adult sons          

11)  Percent of Class Represented by Amount in Row (9)   5.29% 
                                                               

12)  Type of Reporting Person      IN                          
                                                               


               SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C. 20549

                          SCHEDULE 13G

            Under the Securities Exchange Act of 1934

                       (Amendment No. 17)



                      ETHYL CORPORATION                        
                      (Name of Issuer)



                         COMMON STOCK                          
                 (Title of Class of Securities)


                         297659-10-4                           
                        (CUSIP Number)


Check the following box if a fee is being paid with this
statement:
                                                               
1)  Names of Reporting Persons S.S. or I.R.S. Identification
    Nos. of Above Persons

      Bruce C. Gottwald                                        

2)  Check the appropriate Box if a Member of a Group

    (a)                                                        

    (b)       X                                                
                                                               

3)  SEC Use Only                                               
                                                               

4)  Citizenship or Place of Organization   U.S.                
                                                               

Number of       (5)  Sole Voting Power   5,001,308             
Shares Bene-                                                   
 ficially       (6)  Shared Voting Power   615,839             
Owned by                                                       
Each Repor-     (7)  Sole Dispositive Power   5,001,308        
 ting Person                                                   
With            (8)  Shared Dispositive Power   615,839        
                                                               

9)  Aggregate Amount Beneficially Owned by Each Reporting Person
    5,617,147                                                  
                                                               

10)  Check if the Aggregate Amount in Row (9) Excludes Certain
     Shares   316,755  shares held by foundation,              
            4,659,900  shares held by adult sons               

11)  Percent of Class Represented by Amount in Row (9)   4.74% 
                                                               

12)  Type of Reporting Person      IN                          
                                                               


Item 1(a)      Name of Issuer: 

               ETHYL CORPORATION

Item 1(b)      Address of Issuer's Principal Executive Offices:

               330 South Fourth Street, Richmond, Virginia 23219

Item 2(a)      Name of Person Filing: 

               Floyd D. Gottwald, Jr. and B. C. Gottwald

Item 2(b)      Address of Principal Business Office or, if None,
               Residence: 

               330 South Fourth Street, Richmond, Virginia  23219

Item 2(c)      Citizenship: 

               U.S.

Item 2(d)      Title of Class of Securities:

               Common Stock

Item 2(e)      CUSIP Number: 

                      297659-10-4          

Item 3         If these statements are filed pursuant to Rules
               13-1(b) or 13d-2(b): 

               Not applicable

Item 4         Ownership

               (a)  Amount Beneficially Owned*:  21,236,047
                    shares

               (b)  Percent of Class:  17.90%

               (c)  Number of shares as to which such person has:


                         (i)  sole power to vote or to direct the
                              vote -            5,736,212   (1)

                        (ii)  shared power to vote or to direct  
                              the vote -       15,499,835   (2)

                       (iii)  sole power to dispose of or to
                              direct the disposition of -         
                                                5,736,212   (1)

                        (iv)  shared power to dispose of or to  
                              direct the disposition of -         
                                               15,499,835   (2) 


*The filing of this statement shall not be construed as an
admission that for the purposes of Section 13(d) or 13(g) of the
Securities Exchange Act of 1934, Floyd D. Gottwald, Jr. or B. C.
Gottwald are the beneficial owners of 316,755 shares described in
Items 4(c)(i) and (iii) or the shares described in Items 4(c)(ii)
and (iv).  See Item 6 below. 

     (1)  This amount includes 316,755 shares owned by a
          charitable foundation for which members of the Gottwald
          family serve as the sole directors.  B. C. Gottwald and
          Floyd D. Gottwald disclaim any beneficial interest in
          any shares held in the foundation.
     (2)  Includes 4,372,310 shares held by the adult sons of
          Floyd D. Gottwald, Jr. and 4,659,900 shares held by the
          adult sons of B. C. Gottwald who do not reside in their
          father's home.  It does not include shares owned of
          record by NationsBank of Virginia, N.A., Richmond,
          Virginia, as Trustee under Ethyl Corporation's savings
          plan for its employees that are held for the benefit of
          employees other than the Gottwalds.  Shares held by the
          Trustee under this plan for the benefit of the
          Gottwalds are included in Items (4)(c)(i) and (iii)
          above.  Shares held under the savings plan are voted by
          the Trustee in accordance with instructions solicited
          from employees participating in the plans.  If a
          participating employee does not give the Trustee voting
          instructions, his shares are voted by the Trustee in
          accordance with management's recommendations to the
          stockholders.  Because the Gottwalds are executive
          officers, directors and the largest stockholders of
          Ethyl Corporation, they may be deemed to be control
          persons of Ethyl Corporation and to have the capacity
          to control any such recommendation of management.

Item 5    Ownership of Five Percent or Less of a Class: 
          Not applicable

Item 6    Ownership of More than Five Percent on Behalf of
          Another Person: 

          Other persons have the right to receive or the power to
          direct the receipt of dividends from, or the proceeds
          from the sale of, 10,682,895 of the shares described in
          Items 4(c)(ii) and (iv).  However, none of such
          persons' individual interest relates to more than 5
          percent of the class of securities for which this Form
          is filed. 

Item 7    Identification and Classification of the Subsidiary
          Which Acquired the Security Being Reported on by the
          Parent Holding Company: 

          Not applicable

Item 8    Identification and Classification of Members of the
          Group: 

          Floyd D. Gottwald, Jr. and B. C. Gottwald are brothers. 
          This form is being filed on behalf of Floyd D.Gottwald,
          Jr. and B. C. Gottwald because they could be deemed to
          be a group for purposes of Rule 13d-1(c) and this form
          even though there is no agreement among them with
          respect to the purchase, sale or retention of Ethyl
          Common Stock. 

Item 9    Notice of Dissolution of Group: 
          Not Applicable

Item 10   Certification: 
          Not Applicable

SIGNATURE

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

Dated:  February 14, 1996



                                        /s/ Bruce C. Gottwald    
                                        Bruce C. Gottwald



                                        /s/ Floyd D. Gottwald, Jr.
                                        Floyd D. Gottwald, Jr.









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