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PRICING SUPPLEMENT NO. 1 Rule 424(b)(2)
TRADE DATE: 12/19/97 Registration No. 333-34663
(To Prospectus Supplement dated September 30, 1997 Cusip No. 00786WAH2
including the Prospectus dated September 19, 1997)
AEROQUIP-VICKERS, INC.
MEDIUM-TERM NOTES
Due More Than Nine Months from Date of Issue
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Floating Rate Note ( ) 7.09% Fixed Rate Note (X)
Principal Amount: $25,000,000 Issue Price: $25,000,000 or 100%
Original Issue Date: January 5, 1998 Specified Currency: USD
Interest Accrual Date: 30/360 basis Maturity Date: January 5, 2018
Redemption Date(s): N/A New Notice of
Redemption Price(s): N/A Maturity Renewal
Authorized Denominations (if other than Date(s): Date(s):
denominations of $1,000 and integral
multiples of $1,000 in excess thereof Interest Payment Period:
in U.S. Dollars): N/A Semi-Annual
Repayment Date(s): Interest Payment Dates: May 1 and
Repayment Price(s): November 1 Commencing May 1,
Total Amount of OID: N/A 1998
Yield to Maturity: N/A Global Security: (X) Yes ( ) No
Initial Accrual Period OID: N/A Exchange Rate Agent: N/A
Method Used to Determine
Historical Exchange Rate: N/A
Yield to Maturity and Initial
Accrual Period OID: N/A
(Only applicable to Floating Rate Notes): Spread (plus or minus): N/A
Initial Interest Rate: N/A Spread Multiplier: N/A
Index Maturity: N/A Maximum Interest Rate: N/A
Base Rate(s): N/A Minimum Interest Rate: N/A
If LIBOR, Designated LIBOR Page: N/A Calculation Rate Agent: N/A
( ) LIBOR Reuters
( ) LIBOR Telerate Name of Agent: Morgan Stanley
& Co. ($25.0M)
Index Currency: U.S. Dollars Agents' Aggregate Discount or
Interest Reset Period: N/A Commission: $187,500.00
Interest Reset Dates: N/A Net Proceeds to Co.:$24,812,500.00
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( ) Agent is acting as Agent for the sale of Notes by the Company at a price
to the public of ( ) 100% of Principal Amount or ( ) _____% of Principal
Amount.
(X) Agent is purchasing Notes from the Company as Principal for resale to
Investors and other purchasers at:
(X) a fixed initial public offering price of 100% of the principal amount;
( ) a fixed initial public offering price of ___% of the principal amount; or
( ) varying prices relating to prevailing market prices at time of resale to be
determined by Agent.
Additional Terms:
