SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-Q/A
AMENDMENT NO. 1
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended July 2, 1995
Commission file number 1-7349
BALL CORPORATION
State of Indiana 35-0160610
345 South High Street, P.O. Box 2407
Muncie, IN 47307-0407
317/747-6100
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to s uch filing
requirements for the past 90 days. Yes [ X ] No [ ]
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
Class Outstanding at June 30, 1995
_______________________ ____________________________
Common Stock,
without par value 30,070,020 shares
PORTIONS AMENDED
Exhibit 18.1 of the Company's Quarterly Report on Form 10-Q for the quarterly
period ended July 2, 1995 is amended as set forth in the following pages.
<PAGE>
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)
By: s/ R. David Hoover
____________________________
R. David Hoover
Executive Vice President and
Chief Financial Officer
Date: August 15, 1995
____________________________
<PAGE>
Ball Corporation and Subsidiaries
QUARTERLY REPORT ON FORM 10-Q
July 2, 1995
EXHIBIT INDEX
Description Exhibit
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Letter Re: Change in Accounting Principles EX-18.1
Exhibit 18.1
August 14, 1995
To the Board of Directors
of Ball Corporation
Dear Directors:
We have been furnished with a copy of the Corporation's Form 10-Q for the
quarter ended July 2, 1995. Note 3 therein describes a change in the method of
determining the cost of certain inventories from the first- in, first-out to the
last-in, first-out method. It should be understood that the preferability of one
acceptable method of inventory accounting over another has not been addressed in
any authoritative accounting literature and in arriving at our opinion expressed
below, we have relied on management's business planning and judgment. Based upon
our discussions with management and the stated reasons for the change, we
believe that such change represents, in your circumstances, the adoption of a
preferable alternative accounting principle for inventories in conformity with
Accounting Principles Board Opinion No. 20.
We have not made an audit in accordance with generally accepted auditing
standards of the financial statements of Ball Corporation for the three-months
or six-month periods ended July 2, 1995 or July 2, 1994 and, accordingly, we
express no opinion thereon or on the financial information filed as part of the
Form 10-Q of which this letter is to be an exhibit.
Yours very truly,
/s/PRICE WATERHOUSE LLP
