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<SEC-DOCUMENT>0000950136-97-001454.txt : 19971024
<SEC-HEADER>0000950136-97-001454.hdr.sgml : 19971024
ACCESSION NUMBER:		0000950136-97-001454
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19971013
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		19971017
SROS:			NYSE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WR GRACE & CO/DE
		CENTRAL INDEX KEY:			0001012100
		STANDARD INDUSTRIAL CLASSIFICATION:	3081
		IRS NUMBER:				650654331
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	001-12139
		FILM NUMBER:		97697218

	BUSINESS ADDRESS:	
		STREET 1:		ONE TOWN CENTER RD
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33486-1010
		BUSINESS PHONE:		4073622000

	MAIL ADDRESS:	
		STREET 1:		ONE TOWN CENTER RD
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33486-1010

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GRACE HOLDING INC
		DATE OF NAME CHANGE:	19960805
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<DESCRIPTION>FORM 8-K
<TEXT>

<PAGE>

                      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): October 13, 1997


                               W. R. GRACE & CO.
            ------------------------------------------------------
            (Exact name of registrant as specified in its charter)


         Delaware                    1-12139               65-0654331
- - ----------------------------    ------------------    ---------------------
(State or other jurisdiction     (Commission File        (IRS Employer
     of incorporation)               Number)           Identification No.)


             One Town Center Road, Boca Raton, Florida 33486-1010
             ----------------------------------------------------
              (Address of principal executive offices) (Zip Code)


       Registrant's telephone number, including area code: 561/362-2000


<PAGE>


Item 5.  Other Events.


                  On October 13, 1997, W. R. Grace & Co. ("Company") announced
that Albert J. Costello, its Chairman, President and Chief Executive Officer,
had suffered a heart attack on Saturday, October 11. The announcement also
stated that Mr. Costello, who is 62 years old, is expected to fully recover
following by-pass surgery and that Larry Ellberger, Grace's Senior Vice
President and Chief Financial Officer, will act as Chief Executive Officer
pending Mr. Costello's recovery.

                  The Company's October 13, 1997 press release is filed as an
exhibit hereto and incorporated by reference herein.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

         The Company's October 13, 1997 press release is filed as an exhibit
hereto.


                                     -2-
<PAGE>


                                  SIGNATURES


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

                                          W. R. GRACE & CO.
                                        ---------------------
                                            (Registrant)


                                    By  /s/ Robert B. Lamm
                                        ----------------------------
                                        Robert B. Lamm
                                        Vice President and Secretary

Dated: October 17, 1997


                                     -3-
<PAGE>


                               W. R. GRACE & CO.

                          Current Report on Form 8-K


                                 Exhibit Index


Exhibit No.                  Description
- - -----------                  -----------

99.1                         Press Release dated October 13, 1997
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<DESCRIPTION>GRACE CEO TO UNDERGO SURGERY
<TEXT>

<PAGE>


                                             #2687

GRACE NEWS                                   CORPORATE COMMUNICATIONS DIVISION

                                             W. R. Grace & Co.
                                             One Town Center Road
                                             Boca Raton, FL 33486-1010


         CONTACT: Brian McGowan     561/362-1918 or
                  Mary Lou Kromer   561/362-2600 or
                                    800/GRACE99


                         GRACE CEO TO UNDERGO SURGERY

         BOCA RATON, Fla., October 13, 1997--W. R. Grace & Co. (NYSE: GRA)
today announced that Albert J. Costello, its Chairman, President and Chief
Executive Officer, suffered a heart attack on Saturday, October 11. Mr.
Costello, who is 62 years old, is expected to fully recover following by-pass
surgery.

         Larry Ellberger, Grace's Senior Vice President and Chief Financial
Officer, will act as Chief Executive Officer pending Mr. Costello's recovery.

         Grace is a leading global supplier of flexible packaging and
specialty chemicals with annual sales of approximately $3.5 billion. The
company operates in more than 100 countries.


                                      ###

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