TEREX CORP
144, 1996-05-23
INDUSTRIAL TRUCKS, TRACTORS, TRAILORS & STACKERS
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 144

                      NOTICE OF PROPOSED SALE OF SECURITIES
             PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933


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1. Name of Issuer

  TEREX CORPORATION
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     34-1531521                                              0-16948
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   (IRS Ident. No.)                                        (SEC File No.)


   Address of Issuer

  500 POST ROAD EAST, SUITE 320
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                                    (Street)

  WESTPORT                CT                     06880
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   (City)               (State)                 (Zip)

  (203) 222-7170
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   (Telephone Number)

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2. Name of Person for Whose Account the Securities are to be Sold

    WOLF                 ADAM                      E.
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   (Last)               (First)                 (Middle)

    ###-##-####                                          DIRECTOR
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   (Social Security or IRS Ident. No.)                 (Relationship to Issuer)


   Address:

  875 EAST DONGES LANE
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                                    (Street)

  MILWAUKEE                WI                   53217
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   (City)               (State)                 (Zip)

<TABLE>
<CAPTION>


                          b. Name and Address of
                             Each Broker Through Whom
                             Securities are to be     c. Number of                 e. Number of   
3.a. Title of the Class      Offered or Each Market      Shares or   d. Aggregate     Shares or    f. Approximate  g. Name of Each
     of Securities           who is Acquiring            Other Units    Market        Other Units     Date of         Securities
     to be Sold              the Securities              to be Sold     Value         Outstanding     Sale            Exchange
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   <S>                    <C>                          <C>           <C>           <C>             <C>             <C>
   COMMON                 A.G. EDWARDS & SONS, INC.    7,100         $53,364.55    10,590,425      5/9/96          NYSE
                          1503 WEST MARKET STREET
                          MEQUON, WI  53092
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</TABLE>
<PAGE>


FORM 144 (continued)

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<TABLE>
<CAPTION>

                                                                         Name of Person
                                         Nature of                       from Whom Acquired         Amount of              Nature
Title of                Date You         Acquisition                     (If gift, also give        Securities   Date of   of
the Class               Acquired         Transaction                     date donor acquired)       Acquired     Payment   Payment
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<S>                      <C>             <C>                             <C>                        <C>          <C>       <C>

COMMON                   12/14/84        PURCHASE OF SHARES OF           ROY P. BENNETT               200        12/14/84  CASH
                                         PREDECESSOR COMPANY
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COMMON                   5/24/90         5 FOR 4 STOCK SPLIT             ROBERT W. BAIRD CO.        6,375        5/24/90   CASH   
                                         @1275 SHS.
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COMMON                   9/17/90         OTC PURCHASE                    ROBERT W. BAIRD CO.          225        9/17/90   CASH
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COMMON                   7/19/94         0TC PURCHASE                    A.G. EDWARDS & SONS, INC.    200        7/19/94   CASH
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COMMON                   10/28/94        OTC PURCHASE                    A.G. EDWARDS & SONS, INC.    100        10/28/94  CASH
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</TABLE>

              TABLE II -- SECURITIES SOLD DURING THE PAST 3 MONTHS
      Furnish the following information as to all securities of the issuer
         sold during the past 3 months by the person for whose account
                         the securities are to be sold.

<TABLE>
<CAPTION>

Name and Address                     Title of                   Date of         Amount of               Gross
of Seller                            Securities Sold            Sale            Securities Sold         Proceeds   
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<S>                                  <C>                        <C>             <C>                     <C>         

NONE
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</TABLE>

Remarks:




ATTENTION:  The person for whose  account  the  securities  to which this notice
relates are to be sold hereby represents by signing this notice that he does not
know any material  adverse  infomration in regard to the current and prospective
operations  of the  Issuer  of the  securities  to be sold  which  has not  been
publicly disclosed.

      5/15/96                                 /s/ Adam E. Wolf
- ---------------------                   ---------------------------------------
   Date of Notice                                   Signature

The notice shall be signed by the person for whose account the securities are to
be sold.

ATTENTION:  Intentional  misstatements or omission of facts  constitute  Federal
Criminal Violations (See 18 U.S.C. 1001).


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