Pricing Supplement No. 7 Rule 424(b)(3)
Dated November 21, 1997 File No.333-34029
(To Prospectus dated August 26, 1997 and
Prospectus Supplement dated November 5, 1997)
INGERSOLL-RAND COMPANY
Medium-Term Notes, Series B, Due Nine Months
or More from Date of Issue - Fixed Rate
Trade Date: November 21, 1997
Principal Amount: $100,000,000
Issue Price: 100.00%
Selling Agent's Commission: 0.35%
Interest Rate: 6.015%
Interest Payment Date(s): February 15, August 15
Interest Payment Commencing Date: February 15, 1998
Stated Maturity: February 15, 2028
Original Issue Date: December 1, 1997
Net Proceeds to Issuer: $99,650,000
Regular Record Date(s): February 1, August 1
CUSIP NO.: 45686X CF8
Name of Trustee: The Bank of New York
Form: [x] Book-Entry Note
[ ] Certified Note
Redemption: [x] The Notes cannot be redeemed prior to
maturity
[ ] The Notes may be redeemed prior to maturity
Initial Redemption Date:
Initial Redemption Price: $ -
Annual Redemption Price Reduction: $ -
Repayment: [ ] The Notes cannot be repaid prior to
maturity
[x] The Notes can be repaid prior to
maturity at the option of the holder
Repayment Price: 100%
Repayment Date: February 15, 2001 and each anniversary date
thereafter
Amortizing Note: [ ] Yes
[x] No
Basis for formula for amortization:
Discount Note: [ ] Yes
[x] No
Total Amount of Original Issue Discount ("OID"):
Original Yield to Maturity:
Initial Accrual Period OID:
Method Used to Determine Yield for Initial Accrual Period:
[ ] Approximate [ ] Exact
Capacity: [x] Agent [ ] Principal
If as principal: [ ] The Notes are being offered at
varying prices related to prevailing
market prices at the time of resale.
[ ] The Notes are being offered at a
fixed initial public offering price
[ ]% of Principal Amount.
The Notes are being reoffered to
dealers with a reallowance not to
exceed [ ]% of the discount.
Special Provision:
Agents:
SALOMON BROTHERS INC. $20,000,000
MERRILL LYNCH & CO. $20,000,000
CHASE SECURITIES INC. $20,000,000
J. P. MORGAN & CO. $40,000,000
