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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 1)
ARVIN INDUSTRIES
_________________________________________
(Name of Issuer)
COMMON STOCK, par value $2.50 Per Share
_________________________________________
(Title of Class of Securities)
043339100
_________________________________________
(CUSIP Number)
Check the following box if a fee is being paid with this statement [X]. ( A
fee is not required only if the filing person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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CUSIP 043339100 13G page 2 of 6
___________________________________________________________________________
[1] Name of Reporting Persons S.S. or I.R.S. Identification Nos.
CINCINNATI FINANCIAL CORPORATION 31-0746871
___________________________________________________________________________
[2] Check the Appropriate Box if a Member of a Group
(a) __________
(b) __________
___________________________________________________________________________
[3] SEC Use Only
___________________________________________________________________________
[4] Citizenship or Place of Organization
FAIRFIELD, OHIO
___________________________________________________________________________
Number of [5] Sole Voting Power 1,350,580
Shares
__________________________________________
[6] Shared Voting Power -0-
Beneficially
Owned By
__________________________________________
Each [7] Sole Dispositive Power
Reporting 1,350,580
Person
With _________________________________________
[8] Shared Dispositive Power -0-
___________________________________________________________________________
[9] Aggregate Amount Beneficially Owned By Each Reporting Person
1,350,580
___________________________________________________________________________
[10] Check Box
If the Aggregate Amount in Row [9] Excludes Certain Shares
N/A
___________________________________________________________________________
[11] Percent of Class Represented by Amount in Row 9
6.047%
___________________________________________________________________________
[12] Type of Reporting Person*
IC
___________________________________________________________________________
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13G Page 3 of 6
Item 1 (a) Name of Issuer: ARVIN INDUSTRIES
Item 1 (b) Address of issuer's Principal Executive Offices:
1531 - 13TH STREET
COLUMBUS, INDIANA 47201
Item 2 (a) Name of Person Filing: CINCINNATI FINANCIAL CORPORATION
Item 2 (b) Address of Principal Business Office:
P.O. BOX 145496
CINCINNATI, OHIO 45250-5496
Item 2 (c) Citizenship: OHIO
Item 2 (d) Title of Class of Securities:
Common stick par value $2.50 per share
Item 2 (e) CUSIP Number:
043339100
Item 3. Type of Reporting Person
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in section 3(a) (6) of the Act
(c) [X ] Insurance Company as defined in sections 3(a) (19) of the Act
(d) [ ] Investment Company registered under section 8 of the Investment
Company Act
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employees Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1947 or Endowment Fund
(g) [ ] Parent Holding Company, in accordance with 240.13d-b (ii) (G)
(h) [ ] Group, in accordance with 240.13d-1 (b) (1) (ii) (H)
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13G page 4 of 6
Item 4 Ownership:
(a) Amount Beneficially Owned: 1,350,580
(b) Percent of Class: 6.047%
(c) Number of Shares as to which CFC has:
(i) sole power to vote or to direct the vote
............................................... 1,350,580
(ii) shared power to vote or to direct the vote
............................................... -0-
(iii) sole power to dispose or to direct
the disposition of............................. 1,350,580
(iv) shared power to dispose or to direct
the disposition of.............................. -0-
Item 5. Ownership of Five Percent or less of A Class:
N/A
Item 6. Ownership of More than Five Percent on Behalf of
Another person.
N/A
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13G page 5 of 6
Item 7. Identification and Classification of the Subsidiary which
Acquired the Security Being Reported on by the parent Holding
Company:
This Schedule 13G is being filed by the Cincinnati Financial Corporation for
itself or, if item 3(g) has been checked, as a parent holding company with
respect to the holding of its following subsidiaries:
[ ] Cincinnati Financial Corporation (31-0746871), a parent holding
company, in accordance with 240.13d-(b) (ii) (G)
[X ] Cincinnati Insurance Company (31-0542366), an insurance company
as defined in sections 9 (a) (19) of the Act
[ ] Cincinnati Casualty Company (31-0826946), an insurance company
as defined in sections 3 (a) (19) of the Act
[ ] Cincinnati Life Insurance Company (31-1213778), an insurance
company as defined in sections 3 (a) (19) of the Act
[ ] Cincinnati Financial Retirement Plan Trust (31-0746871), an
employee benefit plan, pension fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1947 or Endowment Fund
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13G Page 6 of 6
Item 8. Identification and Classification of Members of the Group:
Item 9. Notice of Dissolution of Group:
Item 10. Certification:
By signing below I certify that to the best of my knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in
any transaction having such purposes or effect.
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Date: JANUARY 24, 1996
The Cincinnati Financial Corporation
By /s/ Robert J. Driehaus
__________________________________
Robert J. Driehaus
Financial Vice President
*THIS STOCK IS HELD IN CUSTODY BY THE FIFTH THIRD BANK.
