UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Tobler, D. Lee
4020 Kinross Lakes Parkway
Richfield, OH 44286-9368
2. Issuer Name and Ticker or Trading Symbol
The B.F.Goodrich Company
GR
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
November 1996
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Executive Vice President and Chief Financial Officer
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |11/21/|M | |13,000 |A |$26.9375 | | | |
|96 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
" |11/21/|M | |13,000 |A |$26.3125 | | | |
|96 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
" |11/21/|S | |11,000 |D |$44.75 | | | |
|96 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
" |11/21/|S | |6,000 |D |$45.50 | | | |
|96 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
" |11/21/|S | |9,000 |D |$45.375 |44,358 |D | |
|96 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option |$25.9375|11/21|M | |13,000 (2)|D |3/21/|3/20/|Common Stock|0 | | | | |
(1) | |/96 | | | | |88 |98 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
|$26.3125|11/21|M | |13,000 (3)|D |2/20/|2/19/|Common Stock|0 | | | | |
| |/86 | | | | |89 |99 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | | | | | | | | | |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
(1) Right to buy -- a portion of the options are Incentive Stock
Options.
(2) The option was previously reported as covering 6,500 shares with an
exercise price of $51.875, but was
adjusted to reflect a 2-for-1 stock split on April 1,
1996
(3) The option was previously reported as covering 6,500 shares with an
exercise price of $52.625, but was
adjusted to reflect a 2-for-1 stock split on April 1,
1996.
SIGNATURE OF REPORTING PERSON
/s/ Nicholas J. Calise, pursuant to Power of Attorney
DATE
December 10, 1996
