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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000003453-01-500006.txt : 20010123
<SEC-HEADER>0000003453-01-500006.hdr.sgml : 20010123
ACCESSION NUMBER:		0000003453-01-500006
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20010111
ITEM INFORMATION:		
FILED AS OF DATE:		20010111

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALEXANDER & BALDWIN INC
		CENTRAL INDEX KEY:			0000003453
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER TRANSPORTATION [4400]
		IRS NUMBER:				990032630
		STATE OF INCORPORATION:			HI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	000-00565
		FILM NUMBER:		1507114

	BUSINESS ADDRESS:	
		STREET 1:		822 BISHOP STREET
		STREET 2:		PO BOX 3440
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96801
		BUSINESS PHONE:		8085256611

	MAIL ADDRESS:	
		STREET 1:		822 BISHOP STREET
		STREET 2:		PO BOX 3440
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96801
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k-01.txt
<DESCRIPTION>ALEXANDER & BALDWIN, INC. FORM 8-K
<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):
                                JANUARY 11, 2001




                           ALEXANDER & BALDWIN, INC.
             ------------------------------------------------------
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)



        HAWAII                    0-565                  99-0032630
    ---------------             ------------          ------------------
    (STATE OR OTHER             (COMMISSION             (I.R.S. EMPLOYER
    JURISDICTION OF             FILE NUMBER)          IDENTIFICATION NO.)
     INCORPORATION)



                       822 BISHOP STREET, P. O. BOX 3440
                            HONOLULU, HAWAII 96801
              ----------------------------------------------------
              (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE AND ZIP CODE)



                                 (808) 525-6611
              ----------------------------------------------------
              (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)



<PAGE>

Item 5.  Other Events and Regulation FD Disclosure
- --------------------------------------------------

     On January 11, 2001, Matson Navigation Company, Inc. ("Matson"), a wholly
owned subsidiary of Alexander & Baldwin, Inc., concluded a settlement with U.S.
Attorneys for the Central District of California, the Northern District of
California, and the Western District of Washington which arose out of an
investigation commenced in 1999 by the U.S. Attorney for the Central District
of California.  Matson entered into a plea agreement that resolves for Matson
findings that between August 1996 and April 1998 certain crew members on a
Matson ship falsely stated in an engine room log book that oil-water separating
equipment was in operation while bilge water was being discharged overboard and
presented the log book containing false entries to the U.S. Coast Guard on six
separate occasions during inspections.  Pursuant to the plea agreement, Matson
will pay fines totaling $3 million.  The settlement, which will be reflected in
the consolidated financial statements of Alexander & Baldwin, Inc. for the
fiscal year ended December 31, 2000, will not have a material effect on
earnings.


<PAGE>

                                   SIGNATURES
                                   ----------


      Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.

Date:  January 11, 2001


                              ALEXANDER & BALDWIN, INC.



                              By /s/ James S. Andrasick
                                 ----------------------
                                 James S. Andrasick
                                 Senior Vice President,
                                 Chief Financial Officer
                                 and Treasurer



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