POTASH CORPORATION OF SASKATCHEWAN INC
8-K, 1997-06-11
MINING & QUARRYING OF NONMETALLIC MINERALS (NO FUELS)
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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) June 10, 1997


                              --------------------

                    POTASH CORPORATION OF SASKATCHEWAN INC.
             (Exact name of registrant as specified in its charter)

                                  SASKATCHEWAN
         (State or other jurisdiction of incorporation or organization)
                                    1-10351
                             (Commission File No.)
                                      N/A
                      (I.R.S. employer identification no.)

                       122 - 1ST AVENUE SOUTH, SUITE 500
                    SASKATOON, SASKATCHEWAN, CANADA S7K 7G3
                                  306-933-8500

 (Address and telephone number of the registrant's principal executive offices)

                                      N/A
         (Former name or former address, if changed since last report)


               -------------------------------------------------

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ITEM 5.  OTHER EVENTS.

        On June 10, 1997, Potash Corporation of Saskatchewan Inc. issued the
press release filed herewith as Exhibit 99.1.


ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

(c) Exhibits.

99.1   Press release issued on June 10, 1997.


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                                   SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                                    POTASH CORPORATION OF
                                    SASKATCHEWAN INC.


Date:  June 11, 1997                By: /s/ JOHN L.M. HAMPTON
                                    -------------------------
                                    Name:  John L.M. Hampton
                                    Title: Senior Vice President,
                                    General Counsel and Secretary



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                                 EXHIBIT INDEX




EXHIBIT         DESCRIPTION

99.1            Press release issued on June 10, 1997.



<PAGE>   1

POTASH CORPORATION       [LOGO]
OF SASKATCHEWAN INC.                                NEWS RELEASE





FOR IMMEDIATE RELEASE
JUNE 10, 1997
LISTED: TSE, ME, NYSE                                           SYMBOL:  POT

                    POTASH CORPORATION OF SASKATCHEWAN INC.
                      ANNOUNCES STATUS OF K&S ACQUISITION


Potash Corporation of Saskatchewan Inc ("PCS") announced today that, in
connection with the proposed acquisition by PCS of 51 percent of the outstanding
shares of Kali und Salz Beteiligungs AG from a subsidiary of BASF AG, it has
been advised that a public hearing regarding the matter has been scheduled for
June 26, 1997.

The German Minister of Economics is expected to consider the results of that
hearing, submissions from interested parties, and the report of the German
Monopolies Commission (which today recommended against the transaction) before
rendering a final decision.  That decision is expected by mid-July, 1997.




FOR MORE INFORMATION CONTACT:
Betty-Ann Heggie
Senior Vice President, Corporate Relations
(306) 933-8521











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