MCGRAW HILL INC
11-K, 1994-07-26
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                SECURITIES AND EXCHANGE COMMISSION

                      WASHINGTON, D.C. 20549

                        -----------------

                            FORM 11-K

(Mark One)
/X/       ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
          SECURITIES EXCHANGE ACT OF 1934 (fee required)

                For the fiscal year ended December 31, 1992

                                OR

/ /       TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
          SECURITIES EXCHANGE ACT OF 1934 (no fee required)

                For the transition period from        to

                Commission file number 1-1023

                        -----------------

                        Savings Incentive Plan
                   of Standard & Poor's Corporation
                  and Its Participating Subsidiaries
                     (Full title of the plan)

                        McGraw-Hill, Inc.
                   1221 Avenue of the Americas
                        New York, NY 10020
   (Name of issuer of the securities held pursuant to the plan
         and address of its principal executive office.)

  =============================================================


<PAGE>
<TABLE>



                    SAVINGS INCENTIVE PLAN OF
                  STANDARD & POOR'S CORPORATION
                 AND ITS PARTICIPATING SUBSIDIARIES

                              INDEX
<CAPTION>
                                                                 Page
                                                                <C>
<S>
(a) Financial Statements
      Report of Independent Auditors......................           3
      Statement of Net Assets Available for Benefits -
        December 31, 1992 and 1991........................        4- 5
      Statement of Changes in Net Assets Available
        for Benefits - Years Ended December 31, 1992, 1991
          and 1990........................................        6- 8
      Notes to Financial Statements.......................        9-24

    Schedules
      I - Investments - December 31, 1992.................       25-39
      Schedules II - III have been omitted because the
       required information is shown in the financial statements

    Exhibits
      (24) Consent of Independent Auditors................          40



 
                            SIGNATURE

      Pursuant to the requirements of the Securities Exchange Act
of 1934, the persons who administer the Plan have duly caused
this annual report to be signed on its behalf by the undersigned,
hereto duly authorized.

                                     SAVINGS INCENTIVE PLAN
                              OF STANDARD & POOR'S CORPORATION
                             AND ITS PARTICIPATING SUBSIDIARIES





Date:  June 29, 1993       By:         Bernard C. Koval
       -------------            ---------------------------------
                                       Bernard C. Koval
                                Vice President, Employee Benefits


</TABLE>
</PAGE>


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