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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950130-01-000405.txt : 20010129
<SEC-HEADER>0000950130-01-000405.hdr.sgml : 20010129
ACCESSION NUMBER:		0000950130-01-000405
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20010125
EFFECTIVENESS DATE:		20010125

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OLIN CORP
		CENTRAL INDEX KEY:			0000074303
		STANDARD INDUSTRIAL CLASSIFICATION:	CHEMICALS & ALLIED PRODUCTS [2800]
		IRS NUMBER:				131872319
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		
		SEC FILE NUMBER:	333-54308
		FILM NUMBER:		1515267

	BUSINESS ADDRESS:	
		STREET 1:		501 MERRITT 7
		STREET 2:		P O BOX 4500
		CITY:			NORWALK
		STATE:			CT
		ZIP:			06856
		BUSINESS PHONE:		2037503000

	MAIL ADDRESS:	
		STREET 1:		OLIN CORP
		STREET 2:		501 MERRITT 7 PO BOX 4500
		CITY:			NORWALK
		STATE:			CT
		ZIP:			06851

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OLIN MATHIESON CHEMICAL CORP
		DATE OF NAME CHANGE:	19691008
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>FORM S-8
<TEXT>

<PAGE>

                                                      Registration No. 333-

                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                  POST EFFECTIVE AMENDMENT NO. 1 TO FORM S-8
            REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

                               OLIN CORPORATION
            (Exact name of registrant as specified in its charter)

<TABLE>
<S>                                                                 <C>
                      Virginia                                                  13-1872319
                      --------                                                  ----------
(State or other jurisdiction of incorporation or organization)      (I.R.S. Employer Identification No.)

501 Merritt 7, Norwalk, Connecticut                                                06851
- -----------------------------------                                                -----
(Address of Principal Executive Offices)                                         (Zip Code)
</TABLE>

             OLIN CORPORATION CONTRIBUTING EMPLOYEE OWNERSHIP PLAN
                           (Full title of the plan)

                              J. M. Jackson, Jr.
                        Vice President, General Counsel
                                 and Secretary
                               Olin Corporation
                                 501 Merritt 7
                          Norwalk, Connecticut 06851
                    (Name and address of agent for service)

                                 203-750-3126
         (Telephone number, including area code, of agent for service)

                        CALCULATION OF REGISTRATION FEE

<TABLE>
<CAPTION>
                                                                Proposed Maximum
                                                                ----------------
Title of Each Class of Securities     Amount to be        Offering Price      Aggregate                Amount of
to be Registered                      registered (1)      Per Share (2)       Offering Price (2)       Registration Fee
<S>                                   <C>                 <C>                 <C>                      <C>
Common Stock (par value $1.00         500,000             $19.94              $9,970,000.00            $2,492.50
per share)

Participating Cumulative              (3)                 (3)                 (3)                      (3)
Preferred Stock Purchase Rights
</TABLE>

     (1) This Registration Statement shall also cover an indeterminate amount of
interests to be offered or sold pursuant to the Plan, as well as any additional
shares of Common Stock which become issuable under the Plan by reason of any
stock dividend or stock split or as the result of other anti-dilution provisions
in the Plan.

     (2) Estimated solely for purposes of calculating the amount of the
registration fee, pursuant to Rule 457(c) and (h), based upon the average of the
high and low prices reported for the Common Stock on January 23, 2001, on the
New York Stock Exchange consolidated reporting system.

     (3) The rights are attached to the Common Stock pursuant to the Rights
Agreement dated as of February 27, 1996, between Olin Corporation and Chemical
Mellon Shareholder Services, L.L.C.  The value attributable to the rights, if
any, is reflected in the value of the Common Stock and the registration fee for
the rights is included in the fee for the Common Stock.
<PAGE>

                               EXPLANATORY NOTE


     Olin Corporation ("Company") has prepared this Amendment No. 1 to
Registration Statement (the "Registration Statement"), Registration Number
333-17629 in accordance with the requirements of Form S-8 under the Securities
Act of 1933, as amended (the "Securities Act"), to register an additional
500,000 shares of Common Stock, which will be issued in accordance with our
Contributing Employee Ownership Plan, as amended ("Plan").

                   INCORPORATION OF CONTENTS OF REGISTRATION
                            STATEMENT BY REFERENCE


     The Company filed a registration statement on Form S-8 (File No. 333-17629)
with the Securities and Exchange Commission ("SEC") covering the registration of
2,500,000 shares for issuance under the Plan.  Pursuant to General Instruction E
of Form S-8 and Rule 429, this Registration Statement is being filed to register
an additional 500,000 shares pursuant to the Plan.  This Registration Statement
should also be considered a post-effective amendment to the prior registration
statement.  The contents of the prior registration statement are incorporated
herein by reference.



Item 8. EXHIBITS The Exhibits to this Amendment No. 1 to Registration Statement
are listed in the Exhibit Index to this Registration Statement, which Index is
incorporated herein by reference.
<PAGE>

                                  SIGNATURES


     Pursuant to the requirements of the Securities Act of 1933, as amended, the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this Post-
Effective Amendment No. 1 to the Registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Norwalk,
State of Connecticut, on January 25, 2001.


                                        OLIN CORPORATION



                                        By:    /s/ J. M. Jackson, Jr.
                                               ----------------------------
                                               J. M. Jackson, Jr.
                                        Title: Vice President, General
                                               Counsel and Secretary


     Pursuant to the requirements of the Securities Act of 1933, this Post-
Effective Amendment No. 1 to Registration Statement has been signed below by the
following persons in the capacities and on the date indicated.

<TABLE>
<CAPTION>
            Signature                Title                                              Date
            ---------                -----                                              ----
<S>                                  <C>                                         <C>

/s/ Donald W. Griffin                Chairman of the Board, President, Chief     January 25, 2001
- --------------------------------     Executive Officer and Director
Donald W. Griffin                    (Principal Executive Officer)


/s/ Anthony W. Ruggiero              Executive Vice President, Chief             January 25, 2001
- --------------------------------     Financial Officer and Director
Anthony W. Ruggiero                  (Principal Financial Officer)


/s/ William W. Higgins*              Director                                    January 25, 2001
- --------------------------------
William W. Higgins


                                     Director
- --------------------------------
Randall W. Larrimore
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
Signature                                         Title                                    Date
- ---------                                         -----                                    ----
<S>                                               <C>                       <C>

__________________________________                Director
Stephen F. Page


/s/ G. Jackson Ratcliffe, Jr.*                    Director                            January 25, 2001
- ----------------------------------
G. Jackson Ratcliffe, Jr.


__________________________________                Director
Richard M. Rompala


/s/ Mary E. Gallegher
- ----------------------------------                Vice President and Controller       January 25, 2001
Mary E. Gallagher                                 (Principal Accounting Officer)
</TABLE>

*By J. M. Jackson, Jr. as attorney-in-fact


     Pursuant to the requirements of the Securities Act of 1933, the Olin
Corporation Contributing Employee Ownership Plan has duly caused this Amendment
No. 1 to Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized on this 25th day of January, 2001.

                              OLIN CORPORATION CONTRIBUTING
                              EMPLOYEE OWNERSHIP PLAN

                              By the Pension and CEOP Administrative Committee


                              /s/ Peter C. Kosche
                              -----------------------------
                              Peter C. Kosche


                              /s/ Sharon E. Doughty
                              -----------------------------
                              Sharon E. Doughty



                              -----------------------------
                              Linda S. LaFortune
<PAGE>

                                 EXHIBIT INDEX

EXHIBIT     DESCRIPTION

5           Opinion of Counsel.

23.1        Consent of Independent Auditor

23.2        Consent of Counsel (contained in Exhibit 5)
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5
<SEQUENCE>2
<FILENAME>0002.txt
<DESCRIPTION>OPINION OF COUNSEL
<TEXT>

<PAGE>

                                   EXHIBIT 5

                               January 25, 2001

                               Olin Corporation
                                 501 Merritt 7
                          Norwalk, Connecticut 06851

Re:  Shares of Common Stock to be Issued Under Olin Corporation Contributing
     Employee Ownership Plan


Ladies and Gentlemen:

     I refer to Amendment No. 1 to the Registration Statement on Form S-8
(registration no. 333-17629) of Olin Corporation, a Virginia corporation (the
"Company"), to be filed with the Securities and Exchange Commission today. This
Amendment is filed for the purpose of registering under the Securities Act of
1933, 500,000 shares of Common Stock, par value $1.00 per share ("Common
Stock"), of the Company to be issued under the Olin Corporation Contributing
Employee Ownership Plan ("Plan"). I have examined the Articles of Incorporation,
as amended and restated, the By-laws of the Company, as presently in effect,
minutes of the applicable meetings of the Board of Directors and shareholders of
the Company, or statements of unanimous consent in lieu of such meetings,
together with such other corporate records, certificates of public officials and
other documents as I have deemed relevant to this opinion. Based upon the
foregoing, it is my opinion that all of the aforesaid 500,000 shares of Common
Stock associated with the Plan, as shall be issued from authorized stock of the
Company as described in such Registration Statement, shall be, when so issued,
legally issued, fully paid and non-assessable. I hereby consent to the inclusion
of this opinion in the Registration Statement as an exhibit thereto.

                                          Very truly yours,



                                          Johnnie M. Jackson, Jr.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>0003.txt
<DESCRIPTION>CONSENT OF INDEPENDENT AUDITOR
<TEXT>

<PAGE>

                                 Exhibit 23.1

                         INDEPENDENT AUDITOR'S CONSENT

The Board of Directors and Shareholders of Olin Corporation:

     We consent to incorporation by reference in Amendment No. 1 to the
Registration Statement (registration no. 333-17629) on Form S-8 of Olin
Corporation, relating to the Olin Corporation Contributing Employee Ownership
Plan, of our report dated January 27, 2000, relating to the consolidated balance
sheets of Olin Corporation and Subsidiaries as of December 31, 1999 and 1998,
and the related consolidated statements of income, shareholders' equity, and
cash flows for each of the years in the three-year period ended December 31,
1999, which report appears in the December 31, 1999, annual report on Form 10-K
of Olin Corporation.


                                        /s/ KPMG LLP

Stamford, CT

January 25, 2001
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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