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):  May 8, 2001

                                OLIN CORPORATION

             (Exact name of registrant as specified in its charter)

          Virginia                           1-1070              13-1872319
(State or Other Jurisdiction of    (Commission File Number)    (IRS Employer
       Incorporation)                                        Identification No.)

     P.O. Box 4500, 501 Merritt 7,                        06856-4500
       Norwalk, Connecticut                               (Zip Code)
(Address of principal executive offices)

                                 (203) 750-3000
              (Registrant's telephone number, including area code)

                                 Not Applicable
          (Former name or former address, if changed since last report)

Item 7.    Exhibits.

     Exhibit No.                         Exhibit
     -----------                         -------
        99.1           Press Release, dated May 8, 2001.

Item 9.    Regulation FD Disclosure.

      In accordance with General Instruction B.2. of Form 8-K, the following
information shall not be deemed to be "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated
by reference in any filing under the Securities Act of 1933, as amended.  Olin
disclaims any intention or obligation to update or revise this information.

      Attached as Exhibit 99.1, and incorporated herein by reference, is a copy
of the registrant's press release dated May 8, 2001, announcing the posting of
prepared remarks for a presentation to be made at the Merrill Lynch Chemical
Conference on May 10, 2001 on the registrant's web site.


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

                              OLIN CORPORATION

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

Date:  May 8, 2001

                                 EXHIBIT INDEX

   Exhibit No.                     Exhibit
   -----------                     -------
       99.1         Press Release, dated May 8, 2001.