SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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):
December 30, 1997
REYNOLDS METALS COMPANY
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(Exact name of registrant as specified in its charter)
Delaware 1-1430 54-0355135
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(State of Incorporation) (Commission (IRS Employer
File Number) Identification Number)
6601 West Broad Street
P.O. Box 27003
Richmond, Virginia 23261-7003
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(Address of Principal Executive Offices,
including zip code)
(804) 281-2000
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(Registrant's Telephone Number, including area code)
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Item 5. Other Events.
The Registrant announced on December 30, 1997 that it has
been advised by Alcoa that Alcoa does not intend to proceed with
the proposed purchase of the Registrant's Alloys complex in
Alabama. Alcoa's decision resulted from the Department of
Justice's suit filed on December 29, 1997 in federal court to
block the proposed transaction. The Registrant's management
indicated that it will continue to review its options regarding
the Alloys complex.
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SIGNATURES
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.
REYNOLDS METALS COMPANY
By: D. Michael Jones
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D. Michael Jones
Senior Vice President and
General Counsel
Dated: December 30, 1997
