SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) January 6, 1998
THE PROCTER & GAMBLE COMPANY
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(Exact name of registrant as specified in its charter)
Ohio 1-434 31-0411980
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
One Procter & Gamble Plaza, Cincinnati, Ohio 45202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (513) 983-1100
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ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S
On December 25, 1997 The Procter & Gamble Company (the "Company") sold
20,814 shares of the Company's common stock to employees of subsidiaries of the
Company for approximately $1,655,650 in reliance on Regulation S.
No underwriter or placement agent was used.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be singed on its behalf by the
undersigned hereunto duly authorized.
THE PROCTER & GAMBLE COMPANY
/s/TERRY L. OVERBEY
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Terry L. Overbey, Secretary
January 6, 1998
