For SEC Filing Purposes:
Filed under Rule 424(b)(2)
Registration No. 33-4479 and
Registration No. 33-52771
Pricing Supplement No. 1 Dated May 24, 1995
To Prospectus Dated May 4, 1994
Prospectus Supplement Dated May 23, 1995
$298,167,500
OLIN CORPORATION
MEDIUM-TERM NOTES, SERIES A
(Fixed Rate Senior Note)
Due from 9 Months to 40 Years from Date of Issue
Principal Amount: $50,000,000
(Total Principal Amount Issued to Date: $50,000,000)
Original Issue Date: June 1, 1995
Stated Maturity Date: June 1, 2005
Interest Rate: 7.11%
Redemption (check box opposite applicable paragraph below):
[X] The Notes cannot be redeemed prior to maturity.
[ ] The Notes may be redeemed prior to maturity.
Initial Redemption Date: Not Applicable.
The optional Redemption Price on and after the Initial
Redempton Date shall initially be % of the principal amount of the
Notes to be redeemed and shall decline at each anniversary of the
Initial Redemption Date by % of the principal amount to be redeemed
until the Optional Redemption Price is 100% of such principal amount.
Check box: [X] Book Entry Note [ ] Certificated Note
Commission to be paid to Agents: $312,500
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