Rule 424(b)(2) Registration No. 33-62300 PRICING SUPPLEMENT NO. 7 DATED MARCH 28, 1995 (To Prospectus Dated August 4, 1994, as supplemented by Prospectus Supplement Dated August 4,1994) HONEYWELL INC. MEDIUM-TERM NOTES, SERIES A Form of Note: Issue Price (Dollar Amount and Percentage of Principal) Amount: $25,000,000/100% /X / Book-Entry Interest Rate/Initial Interest Rate: 7.35% / / Certified Principal Amount: $25,000,000 Interest Payment Dates: June 15 and December 15 Original Issue Date: April 3, 1995 Regular Record Dates: June 1 and December 1 Maturity Date: June 1, 2000 Interest Determination Dates:____________ Interest Rate Basis(and,if Interest Reset Dates:____________________ applicable, related Interest Periods): /X / Fixed Rate Note Index Maturity:__________________________ / / Commercial Paper Rate Note / / Federal Funds Rate Note Spread:__________________________________ / / LIBOR Note / / Prime Rate Note Spread Multiplier:_______________________ / / CD Rate Note / / Treasury Rate Note Maximum Interest Rate:___________________ / / CMT Rate Note Designated CMT Telerate Page:______________________ Designated CMT Maturity Index:_____________________ / / Other Base Rate (as described below) Minimum Interest Rate:___________________ / / Zero Coupon Note For Original Issue Discount Notes: Original Issue Discount:_____________% Redemption Terms: Yield to Maturity:___________________% Original issue discount applicable to short accrual period: Repayment Terms: / / Approximate / / Exact Other Terms: Original Issue Discount Notes: / / Subject to special provisions set forth therein with respect to Calculation Agent: the principal amount thereof payable upon any redemption or acceleration of the maturity thereof. Agent: / / For Federal income tax purposes Citicorp Securities, Inc. only.