EXHIBIT 21
SUBSIDIARIES OF OLIN CORPORATION
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(as of December 31, 1996)
PERCENTAGE OF DIRECT/
JURISDICTION INDIRECT OWNERSHIP
WHERE BY OLIN OF VOTING
SUBSIDIARY ORGANIZED SECURITIES
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A.J. Oster Caribe, Inc. Delaware 100%
A.J. Oster Company Rhode Island 100%
A.J. Oster Foils, Inc. Delaware 100%
A.J. Oster West, Inc. Rhode Island 100%
Bridgeport Brass Corp. (1) Indiana 100%
Bryan Metals, Inc. (2) Ohio 100%
Doe Run Gas Transmission Company Kentucky 100%
Etoxyl, C.A. Venezuela 100%
Hydrochim, S.A. France 100%
N.V. Olin Hunt Specialty Products Belgium 100%
N.V. Olin Hunt Trading Belgium 100%
Olin Microelectronic Chemicals, Inc. Delaware 100%
Olin Microelectronic Materials Limited United Kingdom 100%
Olin Australia Limited Australia 100%
Olin Brasil Ltda. Brazil 100%
Olin Canada Inc. Canada 100%
Olin Chemicals B.V. Netherlands 100%
Olin Corporation N.Z. Limited New Zealand 100%
Olin Electronic Chemicals, Inc. Pennsylvania 100%
Olin Engineered Systems, Inc. Delaware 100%
Olin Export Trading Corporation Virgin Islands 100%
Olin Financial Services, Inc. Delaware 100%
Olin GmbH Germany 100%
Olin Hunt Specialty Products, Inc. Delaware 100%
Olin Hunt Sub. I Corp. Delaware 100%
Olin Industrial (Hong Kong) Limited Hong Kong 100%
Olin Japan, Inc. Japan 100%
Olin Kimya, A.S. Turkey 75%
Olin Mexico, S.A. de C.V. Mexico 100%
Olin Microelectronic Materials AG Switzerland 100%
Olin Microelectronic Materials N.V. Belgium 100%
Olin Microelectronic Materials S.A. France 100%
Olin Pte. Ltd. Singapore 100%
Olin Quimica S.A. Delaware 100%
Olin S.A. France 100%
Olin S.r.l. Italy 100%
Olin Sunbelt, Inc. Delaware 100%
Olin (U.K.) Limited United Kingdom 100%
Superior Pool Products, Inc. Delaware 100%
There are omitted from the foregoing list the names of certain subsidiaries
which, if considered in the aggregate as a single subsidiary, would not
constitute a significant subsidiary. Subsidiaries which were transferred to
Primex Technologies, Inc. in the spinoff are also not included.
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1. d/b/a "Olin Brass, Indianapolis" and "Olin Brass, Indianapolis Facility"
in States of CA, IL, IN, NJ, NC, OH, PA, RI and TX.
2. d/b/a "Bryan Metals of Ohio" in NJ.
EX21.