As filed with the Securities and Exchange Commission on August 1, 1994
                                                Registration No. 33-24258
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                        SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, D.C. 20549

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                          POST-EFFECTIVE AMENDMENT NO. 1

                                        TO

                                     FORM S-8

                              REGISTRATION STATEMENT
                                       UNDER

                             THE SECURITIES ACT OF 1933

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                                     ARMCO INC.

               (Exact name of registrant as specified in its charter)

    One Oxford Centre, 301 Grant Street, Pittsburgh, Pennsylvania 15219-1415
          (Address of principal executive offices, including Zip Code)

            Ohio                                 31-0200500
(State or other jurisdiction of	(IRS Employer Id. No.)
incorporation or organization)

                         ------------------------------
                          Armco Inc. and Subsidiaries
                           1988 Restricted Stock Plan
                            (Full title of the Plan)
                         ------------------------------

                                 Gary R. Hildreth
                  Vice President, General Counsel and Secretary
                                   Armco Inc.
                       One Oxford Centre, 301 Grant Street
                       Pittsburgh, Pennsylvania 15219-1415
                    (Name and address of agent for service)

             Telephone number of agent for service:  (412) 255-9800



     Registrant hereby deregisters 830,000 shares of Common Stock, par value 
$.01 per share, registered under Registration Statement No. 33-24258 which 
have not been issued and are no longer being offered for sale, leaving 
432,540 shares that may be issued under such Registration Statement.




                                      SIGNATURES


     Pursuant to the requirements of the Securities Act of 1933, the 
registrant, Armco Inc. has duly caused this Post-Effective Amendment No. 1 
to this Registration Statement (Reg. No. 33-24258) to be signed on its 
behalf by the undersigned, thereunto duly authorized in the City of 
Pittsburgh, State of Pennsylvania, this 1st day of August, 1994.


                                         ARMCO INC. (1)



                                         By:/s/ Gary R. Hildreth
                                         -----------------------------------
                                             Gary R. Hildreth
                                             Vice President





(1) Signed by the registrant pursuant to Rule 478(a) under the Securities 
Act of 1933.