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)    June 6, 1997






                                      NEWELL CO.
        ----------------------------------------------------------------------
                (Exact name of registrant as specified in its charter)




Delaware                             1-9608                 36-3514169
- -------------------------------------------------------------------------------
(State or other                      (Commission            (IRS Employer
jurisdiction of incorporation)       File Number)           Identification No.)




                 29 East Stephenson Street, Freeport, Illinois 61032
        ----------------------------------------------------------------------
                (Address of principal executive offices)   (Zip Code)




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


Item 5.  Other Events

    On June 6, 1997 the Company amended a Distribution Agreement and entered 
into a Remarketing Agreement in connection with a proposed public offering 
from time to time of Medium-Term Notes (including Remarketed Notes) under the 
Company's shelf Registration Statement on Form S-3 (Registration No. 
33-64225).

    In connection with the above-referenced Registration Statement, copies of 
the form of Remarketing Agreement, the amendment to the Distribution 
Agreement and form of Remarketed Medium-Term Note are filed as Exhibits 1.1, 
1.2 and 4.1, respectively, to this Report on Form 8-K, and hereby are 
incorporated by reference herein.  In addition, filed as Exhibit 12 hereto is 
the computation of ratios of earnings to fixed charges for the Company for 
the three months ended March 31, 1997 and the fiscal years 1996, 1995, 1994, 
1993 and 1992. 

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

    (c) Exhibits.

         (1.1)     Remarketing Agreement, dated as of June 6, 1997, among
                   Newell Co.,  Merrill Lynch, Pierce, Fenner & Smith
                   Incorporated, Chase Securities Inc., Morgan Stanley & Co. 
                   Incorporated, and First Chicago Capital Markets, Inc.
    
         (1.2)     First Amendment, dated as of June 6, 1997 to the Distribution
                   Agreement dated as of May 3, 1996 among Newell Co., Merrill
                   Lynch, Pierce, Fenner & Smith Incorporated, Chase Securities
                   Inc., Morgan Stanley & Co. Incorporated and First Chicago
                   Capital Markets, Inc.
    
         (4.1)     Form of Remarketed Note.

         (12)      Computation of ratios of earnings to fixed charges for the 
                   three months ended March 31, 1997 and the fiscal years 1996, 
                   1995, 1994, 1993 and 1992.




                                      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 hereunto duly authorized.


Date: June 6, 1997                     NEWELL CO.


                                       By:      /s/ William T. Alldredge
                                          -----------------------------------
                                            William T. Alldredge
                                            Vice President - Finance



                                    EXHIBIT INDEX


Exhibit No.             Description
- -----------             -----------
1.1                     Remarketing Agreement, dated as of June 6, 1997, among
                        Newell Co.,  Merrill Lynch, Pierce, Fenner & Smith
                        Incorporated, Chase Securities Inc., Morgan Stanley &
                        Co. Incoporated, and First Chicago Capital Markets,
                        Inc.

1.2                     First Amendment, dated as of June 6, 1997 to the
                        Distribution Agreement dated as of May 3, 1996 among
                        Newell Co., Merrill Lynch, Pierce, Fenner & Smith
                        Incorporated, Chase Securities Inc., Morgan Stanley &
                        Co. Incorporated and First Chicago Capital Markets,
                        Inc.

4.1                     Form of Remarketed Note.

12                      Computation of ratios of earnings to fixed charges for
                        the three months ended March 31, 1997 and the fiscal 
                        years 1996, 1995, 1994, 1993 and 1992.