SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 21, 1995
Owens-Illinois, Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-9576 22-2781933
(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation)
Owens-Illinois Group, Inc.
(Exact name of registrant as specified in its charter)
Delaware 33-13061 34-1559348
(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation)
One SeaGate, Toledo, Ohio 43666
(Address of principal executive offices) (Zip code)
Registrants' telephone number,
including area code: 419-247-5000
Exhibit Index -- Page 4
Page 1 of 5 pages
Item 5. Other Events.
On December 21, 1995, Owens-Illinois, Inc. issued a press release
announcing settlements totaling $400 million in asbestos insurance litigation.
The press release is set forth as Exhibit 99 hereto.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit 99 - Owens-Illinois press release dated December 21, 1995.
Page 2 of 5 pages
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrants have duly caused this report to be
signed on their behalf by the undersigned thereunto duly autho-
rized.
OWENS-ILLINOIS, INC.
OWENS-ILLINOIS GROUP, INC.
By (Lee A. Wesselmann)
----------------------
Lee A. Wesselmann
Senior Vice President and
Chief Financial Officer
(Principal Financial Officer)
Dated: December 21, 1995
Page 3 of 5 pages
EXHIBIT INDEX
Exhibit
Number Exhibit Page
99 Owens-Illinois press release dated 5
December 21, 1995
Page 4 of 5 pages