BALL CORP
8-K, 1995-08-10
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<PAGE>

                       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) August 7, 1995


                                BALL CORPORATION
             (Exact name of registrant as specified in its charter)


                                    Indiana
                 (State or other jurisdiction of incorporation)


                  1-7349                     35-0160610
           ------------------------ ---------------------------------          
           (Commission File Number) (IRS Employer Identification No.)



               345 South High Street, Muncie, Indiana 47305-2326
               -------------------------------------------------
               (Address of principal executive office) (Zip Code)



Registrant's telephone number, including area code:  (317) 747-6100

<PAGE>


                                Ball Corporation
                           Current Report on Form 8-K
                             Dated August 10, 1995



Item 5.  Other Events.

On August 7, 1995,  Ball  Corporation  received a ruling  from a tribunal of the
International  Chamber of  Commerce  in favor of Ball  Corporation  in a dispute
between  Ball  and  Onex  Corporation  of  Toronto.  A copy of a  press  release
announcing  the ruling is attached as Exhibit EX-99 and  incorporated  herein by
reference.





Item 7.  Financial Statements and Exhibits

(c)      Exhibits

         EX-99 - Other Documents or Statements to Security Holders.

                  Text of a press  release  disseminated  by the  registrant  on
                  August 7, 1995.



<PAGE>


                                Ball Corporation
                           Current Report on Form 8-K
                             Dated August 10, 1995


                                   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 thereunto duly authorized.



                                BALL CORPORATION
                                (Registrant)



Date:  August 10, 1995          By:  /s/George A. Sissel
                                     ------------------------------------
                                     George A. Sissel
                                     President and Chief Executive Officer




<PAGE>


                                Ball Corporation
                           Current Report on Form 8-K
                             Dated August 10, 1995

                                 EXHIBIT INDEX


Exhibit   Description

          EX-99   Text  of  a press  release  disseminated  by the registrant on
                  August 7, 1995.

<PAGE>


                                Ball Corporation
                           Current Report on Form 8-K
                             Dated August 10, 1995



                                                                   Exhibit EX-99

Following  is the text of a press  release  disseminated  by the  registrant  on
August 7, 1995:


--------------------------------------------------------------
  ARBITRAL TRIBUNAL ISSUES RULING IN FAVOR OF BALL CORPORATION
--------------------------------------------------------------

       MUNCIE, Ind., August 7, 1995--In a  binding  arbitration,  a tribunal of
the  International  Chamber  of  Commerce  has issued a  ruling in favor of Ball
Corporation  (NYSE:BLL)  in a  dispute  between  Ball and  Onex  Corporation  of
Toronto.

       The ruling is related  to a 1988 joint  venture  agreement  between  Ball
and Onex. As  previously  disclosed,  Onex had sought  approximately $30 million
from Ball  with  respect to shares  Onex held in the former joint  venture.  The
arbitral tribunal rejected Onex's claim.

      Ball Corporation produces rigid packaging products for food and beverages 
and provides aerospace and  other technology products and services to government
and commercial customers. The company had  sales of nearly $2.6 billion in 1994.

23/95
Media Contact: Harold Sohn, 317/747-6483, nights at 317/573-8279,[email protected]
Investor Contact: Brad   Wilks,  317/747-6165,  nights  at  317/282-6198, bwilks
@ball.com


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