MCGRAW HILL INC
11-K, 1994-06-29
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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, 1993

                               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 McGraw-Hill, Inc. and Its 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.)

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


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                     SAVING INCENTIVE PLAN
           OF McGRAW-HILL, INC. AND ITS SUBSIDIARIES

                             INDEX

<CAPTION>
                                                          Page
<S>                                                      <C>
(a) Financial Statements
Report of Independent Auditors.......................        3
Statement of Net Assets Available for Benefits -
  December 31, 1993 and 1992.........................     4- 5
Statement of Changes in Net Assets Available
  for Benefits - Years Ended December 31, 1993, 1992
    and 1991.........................................     6- 8
Notes to Financial Statements........................     9-23

   Schedules
I - Investments - December 31, 1993..................    24-40
Schedules II - III have been omitted because the
 required information is shown in the financial statements
    Exhibits
(24) Consent of Independent Auditors.................       41


                           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 McGRAW-HILL, INC. AND ITS SUBSIDIARIES


Date:  June 28, 1994    By:          Bernard C. Koval
       -------------        ---------------------------------
                                     Bernard C. Koval
                            Vice President, Employee Benefits


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