Ball Corporation
                           Current Report on Form 8-K
                             Dated August 10, 1995



                                                                   Exhibit EX-99

Following  is the text of a press  release  disseminated  by the  registrant  on
August 7, 1995:


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  ARBITRAL TRIBUNAL ISSUES RULING IN FAVOR OF BALL CORPORATION
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       MUNCIE, Ind., August 7, 1995--In a  binding  arbitration,  a tribunal of
the  International  Chamber  of  Commerce  has issued a  ruling in favor of Ball
Corporation  (NYSE:BLL)  in a  dispute  between  Ball and  Onex  Corporation  of
Toronto.

       The ruling is related  to a 1988 joint  venture  agreement  between  Ball
and Onex. As  previously  disclosed,  Onex had sought  approximately $30 million
from Ball  with  respect to shares  Onex held in the former joint  venture.  The
arbitral tribunal rejected Onex's claim.

      Ball Corporation produces rigid packaging products for food and beverages 
and provides aerospace and  other technology products and services to government
and commercial customers. The company had  sales of nearly $2.6 billion in 1994.

23/95
Media Contact: Harold Sohn, 317/747-6483, nights at 317/573-8279,hsohn@ball.com
Investor Contact: Brad   Wilks,  317/747-6165,  nights  at  317/282-6198, bwilks
@ball.com