Olin Declares Quarterly Dividend

    NORWALK, Conn., July 31 /PRNewswire/ -- Olin Corporation's Board of
 Directors today declared a quarterly dividend of 30 cents on each share of
 Olin (NYSE:   OLN) common stock.  This is the same amount paid in the previous
     The dividend is payable on September 10, 1997, to shareholders of record
 on August 8.  This marks the company's 283rd consecutive quarterly dividend.

SOURCE Olin Corporation

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