OLIN Corp — Director's Dealing 2004

Aug 5, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OLIN CORP (OLN)
CIK: 0000074303
Period of Report: 2004-08-03

Reporting Person: RUGGIERO ANTHONY W (Director, Executive Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-03	Common Stock	S	28974	$17.48	Disposed	22250	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-04	Phantom Stock Units	$17.41	I	6000	Disposed		Common Stock (6000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6780.2324	Indirect

Footnotes

F1: The figure shown represents shares of Olin Common Stock acquired on a periodic basis under the Olin Corporation Contributing Employee Ownership Plan (CEOP), a tax-conditioned plan, and held in the Olin Common Stock Fund of the CEOP, in a transaction exempt under Rule 16b-3, and is based on information provided by the Plan Administrator as of August 4, 2004.

F2: Phantom shares were held in a multi-fund benefit plan.