FOR IMMEDIATE RELEASE                                 Contact:
                                                      Samuel Cypert
                                                      313-792-6646






                     MASCO CORPORATION ANNOUNCES REDEMPTION OF
                5-1/4% CONVERTIBLE SUBORDINATED DEBENTURES DUE 2012

      Taylor, Michigan ( January 12, 1998) - Masco Corporation (NYSE:MAS) today
announced that it is calling all of its outstanding 5-1/4% Convertible
Subordinated Debentures Due 2012 for redemption on February 12, 1998.  Each 
$1,000 principal amount of Debentures will be redeemed for $1,025.81 in cash, 
which includes interest accrued to the redemption date.  Debentures may be 
converted on or before the redemption date at the conversion price of $42.28 per
share of Masco Corporation common stock, representing 23.65 shares for each 
$1,000 principal amount of Debentures, with no accrued interest on the 
Debentures or dividends on common stock and with fractional shares paid in cash.
The closing price for the Masco Common Stock on the NYSE Composite Tape on 
January 8, 1998 was $51. 
Approximately $178 million principal amount of Debentures are presently
outstanding.

      Citibank, N.A., 111 Wall Street, 5th Floor, New York, New York 10043, will
act as redemption and conversion agent.

      Headquartered in Taylor, Michigan, Masco Corporation is one of the world's
leading manufacturers of faucets, cabinets, locks and other consumer brand-name
home improvement and building products.