UNITED STATES
                      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)    November 17, 1998
                                                         -----------------


                                  NEWELL CO.
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               (Exact Name of Registrant as Specified in Charter)



            Delaware                 1-9608                  36-3514169
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     (State or Other             (Commission               (IRS Employer
     Jurisdiction of              File Number)             Identification No.)
     Incorporation)



                    29 East Stephenson Street, Freeport, Illinois 61032
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                     (Address of Principal Executive Offices)   (Zip Code)




     Registrant's telephone number, including area code  (815) 235-4171 
                                                          -------------

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     ITEM 5. OTHER EVENTS.

         On May 7, 1998, pursuant to an Agreement and Plan of Merger, dated 
     March 29, 1998, by and among Newell Co., a Delaware corporation
     ("Newell"), Calphalon Corporation, an Ohio corporation ("Calphalon"),
     Pots & Pans Co., an Ohio corporation and a wholly owned subsidiary of
     Newell ("Merger Sub"), and the shareholders of Calphalon, Newell
     acquired all of the outstanding capital stock of Calphalon through
     the merger of Merger Sub with and into Calphalon (the "Calphalon Merger"),
     with Calphalon surviving the Calphalon Merger as a wholly owned subsidiary
     of Newell.  The Calphalon Merger was previously reported on Newell's
     Current Report on Form 8-K Filed with the Securities and Exchange
     Commission May 12, 1998.

     Newell is filing herewith as Exhibit 99.1 Selected Financial Data, 
     Management's Discussion and Analysis of Financial Condition and Results of
     Operations, and Consolidated Financial Statements of Newell, each restated
     to reflect the Calphalon Merger, which was accounted for under the pooling
     of interests method of accounting.  The Consolidated Financial Statements
     of Newell are restated for periods prior to the date of the Calphalon 
     Merger.

     Newell is also filing herewith Exhbit 11.1 (Restated Computation of 
     Earnings Per Share of Common Stock) and Exhibit 12.1 (Restated Statement
     of Computation of Ratio of Earnings to Fixed Charges), each as restated to
     reflect the Calphalon Merger.


     ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND 
              EXHIBITS.

              (a)  Not applicable.

              (b)  Not applicable.

              (c)  Exhibits.

                   11.1  Restated Computation of Earnings Per Share of Common 
                         Stock

                   12.1  Restated Statement of Computation of Ratio of Earnings
                         to Fixed Charges

                   23.1  Consent of Arthur Andersen LLP.

                   27.1  Restated Financial Data Schedule for the Year Ended 
                         December 31, 1997.

                   27.2  Restated Financial Data Schedule for the Year Ended 
                         December 31, 1996.

                   27.3  Restated Financial Data Schedule for the Year Ended
                         December 31, 1995.

                   99.1  Restated Selected Financial Data, Management's 
                         Discussion and Analysis of Financial Condition and 
                         Results of Operations, and Consolidated Financial
                         Statements.

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                                  SIGNATURES

          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 hereunto duly authorized.





                                               NEWELL CO.
                                               (Registrant)






                                             /s/ Dale L. Matschullat
     Date: November 17, 1998            By: ----------------------------------
                                             Dale L. Matschullat
                                             Vice President -- General Counsel

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                                 EXHIBIT INDEX


     Exhibit
     No.              Description
     -------          -----------
    11.1              Restated Computation of Earnings Per Share of Common 
                      Stock

    12.1              Restated Statement of Computation of Ratio of Earnings
                      to Fixed Charges

    23.1              Consent of Arthur Andersen LLP.

    27.1              Restated Financial Data Schedule for the Year Ended 
                      December 31, 1997.

    27.2              Restated Financial Data Schedule for the Year Ended 
                      December 31, 1996.

    27.3              Restated Financial Data Schedule for the Year Ended
                      December 31, 1995.

    99.1              Restated Selected Financial Data, Management's Discussion
                      and Analysis of Financial Condition and Results of 
                      Operations, and Consolidated Financial Statements.