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




                                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.






                                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







                                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.