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) November 19, 1996
 
                            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 4 pages 
 
Item 5.     Other Events. 
 
            On November 19, 1996, Owens-Illinois, Inc. entered into a 
Refinancing Credit Agreement ("Agreement").  The Agreement and related
exhibits and schedules are set forth as Exhibit 4.1 hereto. 
 
 
 
 
 
 



 
  
 
 
 
 
 
 
 
 
 




























                              Page 2 of 4 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 authorized. 
 
 
 
                                   OWENS-ILLINOIS, INC. 
                                   OWENS-ILLINOIS GROUP, INC. 
 
 
                                   By   /s/  Lee A. Wesselmann
                                        --------------------------
                                       Senior Vice President and 
                                        Chief Financial Officer 
                                     (Principal Financial Officer) 
 
 
 
Dated:   March 31, 1997 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


                              Page 3 of 4 pages 
 
                                EXHIBIT INDEX 
 
 
Exhibit 
Number                             Exhibit                           
 
4.1         Owens-Illinois Refinancing Credit Agreement 
            dated November 19, 1996 
            
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

                              Page 4 of 4 pages