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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>/in/edgar/work/0000080424-00-000056/0000080424-00-000056.txt : 20001121
<SEC-HEADER>0000080424-00-000056.hdr.sgml : 20001121
ACCESSION NUMBER:		0000080424-00-000056
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20001120
ITEM INFORMATION:		
FILED AS OF DATE:		20001120

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PROCTER & GAMBLE CO
		CENTRAL INDEX KEY:			0000080424
		STANDARD INDUSTRIAL CLASSIFICATION:	 [2840
]		IRS NUMBER:				310411980
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			0630
</COMPANY-DATA>

		FILING VALUES:
			FORM TYPE:		8-K
			SEC ACT:		
			SEC FILE NUMBER:	001-00434
			FILM NUMBER:		773777
</FILING-VALUES>

			BUSINESS ADDRESS:	
				STREET 1:		ONE PROCTER & GAMBLE PLZ
				CITY:			CINCINNATI
				STATE:			OH
				ZIP:			45202
				BUSINESS PHONE:		5139831100
</BUSINESS-ADDRESS>
</FILER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>0001.txt
<TEXT>

                       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 20, 2000


                          THE PROCTER & GAMBLE COMPANY
- -----------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


    Ohio                          1-434                       31-0411980
- -----------------------------------------------------------------------------
(State or other            (Commission File Number)           (IRS Employer
jurisdiction of                                               Identification
incorporation)                                                Number)


One Procter & Gamble Plaza, Cincinnati, Ohio                  45202
- -----------------------------------------------------------------------------
(Address of principal executive offices)                      (Zip Code)


Registrant's telephone number, including area code   (513) 983-1100
                                                     --------------


ITEM 5.  OTHER EVENTS AND REGULATION FD DISCLOSURE

     On November 20, 2000 The Procter & Gamble Company ("P&G") issued the
following statement:

     Bristol-Myers Squibb announced in September its intention to sell its hair
     care business, including the Clairol line. No offering memorandum has yet
     been issued. P&G plans to review the offering memorandum once it is issued,
     but has made no commitments. P&G presently is not considering a swap of its
     pharmaceutical or OTC business as part of future discussions with
     Bristol-Myers Squibb.


                                    SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be singed on its behalf by the
undersigned hereunto duly authorized.

                                       THE PROCTER & GAMBLE COMPANY


                                       /s/TERRY L. OVERBEY
                                       ------------------------------------
                                       Terry L. Overbey, Secretary
                                       November 20, 2000




</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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