ALBEMARLE CORP
SC 13E4/A, 1998-09-23
PLASTIC MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS
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  As filed with the Securities and Exchange Commission on September 23, 1998
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                       SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549
                                  --------------------
                                 SCHEDULE 13E-4
                                (Amendment No. 1)
                          ISSUER TENDER OFFER STATEMENT
                      (Pursuant to Section 13(e)(1) of the
                        Securities Exchange Act of 1934)

                              ALBEMARLE CORPORATION
                                (Name of Issuer)

                              ALBEMARLE CORPORATION
                      (Name of Person(s) Filing Statement)

                                  Common Stock
                         (Title of Class of Securities)

                                 012 653 101
                      (CUSIP Number of Class of Securities)

                            E. Whitehead Elmore, Esq.
             Senior Vice President, Secretary and General Counsel
                              ALBEMARLE CORPORATION
                             330 South Fourth Street
                            Richmond, Virginia 23219
                                (804) 788-6000
                (Name, Address and Telephone Number of Person
               Authorized to Receive Notices and Communications
                 on Behalf of the Person(s) Filing Statement)
                                  --------------------
                                   Copies to:
                             Allen C. Goolsby, Esq.
                                Hunton & Williams
                          Riverfront Plaza, East Tower
                              951 East Byrd Street
                            Richmond, Virginia 23219

                                 August 24, 1998
                       (Date Tender Offer First Published,
                       Sent or Given to Security Holders)



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<PAGE>




      The Issuer Tender Offer Statement on Schedule 13E-4, dated as of August
24, 1998, relating to the offer by Albemarle Corporation (the "Company") to
purchase 5,000,000 shares (or such lesser number of shares as are properly
tendered) of its common stock, par value $.01 per share (the "Shares"), at
prices not in excess of $19.50 nor less than $17.00 net per Share in cash upon
the terms and subject to the conditions set forth in the Offer to Purchase,
dated August 24, 1998, and in the related Letter of Transmittal (or similar
materials distributed to participants in the Company's employee savings plan),
which together constitute the "Offer", is hereby amended to incorporate the
information included in the exhibit referred to below.

Item 9.  Material to Be Filed as Exhibits.

      Item 9 is hereby amended to include the following additional exhibit:

      (a)(11) Text of Press Release Issued by the Company, dated September 23,
1998.


                                    SIGNATURE

      After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this Amendment No. 1 to Schedule 13E-4 is
true, complete and correct.


September 23, 1998

                                    ALBEMARLE CORPORATION




By: /s/ E. Whitehead Elmore
   _______________________________________________
                     Name:  E. Whitehead Elmore
                     Title: Senior Vice President,
                     Secretary and
                     General Counsel





<PAGE>



                                  EXHIBIT INDEX

Exhibit
Number                             Description

(a)(11)           Text of Press Release Issued by the Company, dated
September 23, 1998.




[ALBEMARLE CORPORATION LOGO]                 News Release

External Affairs                             For Release: Immediate Release
451 Florida Street
Baton Rouge, Louisiana 70801

                                             Contact: Michael D. Whitlow
                                             (225) 388-7320
                                             
                                             Rene L. Milligan
                                             (225) 388-7106




                         Albemarle Corporation Announces
                    Preliminary Results of Self-Tender Offer

RICHMOND, Va, September 23, 1998--Albemarle Corporation (NYSE:ALB) announces the
preliminary results of its self-tender offer which expired Tuesday, September
22, 1998, at 5:00 p.m. New York City time.

     The preliminary count by Harris Trust and Savings Bank indicates 5,749,198
shares were tendered and not withdrawn at or below $19.50 per share. The company
therefore expects to purchase all of such shares at $19.50 per share.

     The determination of the actual number of shares to be purchased is
subject to final confirmation and the proper delivery of all shares tendered and
not withdrawn, including shares tendered pursuant to the guaranteed delivery
procedure.

     A global supplier of specialty and fine chemicals that enhance consumer
products, Albemarle Corporation serves markets for polymers, surfactants and
biocides, pharmaceuticals, agricultural chemicals, photographic chemicals, water
treatment and petroleum products.





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