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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): JULY 24, 1996
ALLEGHENY LUDLUM CORPORATION
(Exact name of registrant as specified in its charter)
PENNSYLVANIA 1-9498 25-1364894
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1000 SIX PPG PLACE, PITTSBURGH, PENNSYLVANIA 15222-5479
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: 412-394-2800
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Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits. The following exhibit is filed as part of
this Current Report on Form 8-K:
Exhibit
Description No.
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Press Release dated July 24, 1996 99.1
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
Allegheny Ludlum Corporation
Date: July 24, 1996 By: /s/James L. Murdy
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James L. Murdy
Senior Vice President -
Finance and Chief
Financial Officer
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EXHIBIT INDEX
Exhibit Sequential
No. Description Page No.
------- ----------- ----------
99.1 Press Release dated July 24, 1996 5
Exhibit 99.1
[ALLEGHENY LUDLUM CORPORATION LOGO]
Executive and General Offices
Six PPG Place, Pittsburgh, PA 15222-5479
CONTACT: Bert Delano
412/394-2813
Dan Greenfield
412/394-3004
FOR RELEASE: July 24, 1996
Pittsburgh, PA - The Board of Directors of Allegheny Ludlum
Corporation today declared a regular quarterly cash dividend of
$.16 per share of Common Stock. The dividend is payable August
23, 1996, to shareholders of record at the close of business
August 8, 1996.
The $.16 amount reflects the proposed combination of Allegheny
Ludlum and Teledyne. As previously announced, Allegheny Ludlum
has scheduled a special meeting of shareholders for August 15,
1996 to vote on the proposed combination. July 8, 1996 is the
record date for determination of shareholders entitled to vote at
the meeting.
Allegheny Ludlum's stock trades on the New York Stock Exchange
(symbol:ALS). The Company is a leading producer of a wide range
of specialty materials, including stainless steels, electrical
steels, tool steels, and other high technology alloys.
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