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               SECURITIES AND EXCHANGE COMMISSION
                    WASHINGTON, D.C.  20549

                       ---------------

                          FORM 8-K

                        CURRENT REPORT
               PURSUANT TO SECTION 13 OR 15 (d) OF
             THE SECURITIES AND EXCHANGE ACT OF 1934

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Date of Report (Date of earliest event reported): January 20, 1995


              UNION TEXAS PETROLEUM HOLDINGS, INC.
      (Exact name of registrant as specified in its charter)


     Delaware               1-9019              76-0040040
   (State or other       (Commission         (I.R.S. Employer
    jurisdiction         File Number)       Identification No.)
   of incorporation)


          1330 Post Oak Boulevard, Houston, Texas  77056
        (Address of principal executive offices)  (Zip Code)


Registrant's telephone number, including area code (713) 623-6544

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Item 5.     Other Events.
            ------------

      The information set forth in the press release of the
registrant dated January 19, 1995, which is filed as an
exhibit hereto, is incorporated herein by reference.


Item 7.     Financial Statements and Exhibits.
            ---------------------------------
            (c)     Exhibits:

Exhibit
Number                 Description
- ------                 -----------

99.1                 Press release dated January 19, 1995


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                         Signature

     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 thereunto duly
authorized.

                              UNION TEXAS PETROLEUM
                                 HOLDINGS, INC.

                              By:  /s/ NEWTON W. WILSON, III
                                   --------------------------
                                       NEWTON W. WILSON, III
                                          General Counsel,
                                   Vice President-Administration
                                          and Secretary

Date:   January 20, 1995

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                      INDEX TO EXHIBITS

Exhibit
Number                            Description
- ------                            -----------

99.1                       Press Release dated January 19, 1995