SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549
                        --------------------------------
                                    FORM 11-K
                        --------------------------------
                                  ANNUAL REPORT
                           PURSUANT TO SECTION 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

(Mark One):

[X]     ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934 [FEE REQUIRED].

For the fiscal year ended December 31, 1995.


                                    OR


[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934 [NO FEE REQUIRED]. For the transition period from ____________ to
____________.

Commission File Number 1-4235.

A.   Full title of the plan and the address of the plan, if different from that
     of the issuer named below:

             AMP Incorporated Employee Savings and Thrift Plan


B.   Name of issuer of the securities held pursuant to the plan and the address
     of its principal executive office:

                                AMP Incorporated
                               470 Friendship Road
                         Harrisburg, Pennsylvania 17111


                            Includes an Exhibit Index

                           REQUIRED INFORMATION


  The AMP Incorporated Employee Savings and Thrift Plan (the "Plan") is a plan
that is subject to the Employee Retirement Income Security Act of 1974
("ERISA"), and therefore the Plan is providing, as Exhibit 1 hereto, Plan
financial statements and schedules prepared in accordance with the financial
reporting requirements of ERISA. These financial statements include audited
statements of net assets available for benefits at December 31, 1995 and
December 31, 1994, and audited statements of changes in net assets available for
benefits for the fiscal year ended December 31, 1995.

  The Plan financial statements have been examined by Arthur Andersen LLP. A
currently dated and manually signed written consent of Arthur Andersen LLP with
respect to the Plan financial statements that relate to the fiscal year ended
December 31, 1995, and the Plan financial statements themselves, have been
incorporated by reference in a Registration Statement on Form S-8 under the
Securities Act of 1933, as amended. This written consent of Arthur Andersen LLP
is provided as Exhibit 2 to this annual report.



                                SIGNATURES


     The Plan. Pursuant to the requirements of the Securities Exchange Act of
1934, the trustees (or other persons who administer the employee benefit plan)
have duly caused this annual report to be signed on its behalf by the
undersigned hereunto duly authorized.

                             AMP Incorporated Employee Savings
                               and Thrift Plan (the "Plan")

                            AMP Incorporated (Plan Administrator)

                                  /s/  Philip G. Guarneschelli
Date: June 27, 1996        By:_______________________________
                                Philip G. Guarneschelli
                                Vice President,
                                Chief Human Resource Officer


                                  EXHIBIT INDEX

EXHIBIT        DESCRIPTION
- -------        -----------

   1      Audited financial statements for AMP Incorporated
             Employee Savings and Thrift Plan


   2      Consent of Independent Public Accountants