S-8 POS

    As filed with the Securities and Exchange Commission
		   on January 20, 2000

				  Registration No. 333-00033

	       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

			    ALCOA INC.
       (Exact name of issuer as specified in its charter)

     Pennsylvania                        25-0317820
(State of Incorporation)   (I.R.S. Employer Identification No.)

		      201 Isabella Street
	       Pittsburgh, Pennsylvania 15212-5858
   (Address of principal executive office, including zip code)

	ALCOA FUJIKURA LTD. HOURLY 401(K) SAVINGS PLAN
       ALCOA FUJIKURA LTD. SALARIED 401(K) SAVINGS PLAN
		    (Full Title of Plans)

		     Denis A. Demblowski,
		 Secretary and Senior Counsel
		     201 Isabella Street
	     Pittsburgh, Pennsylvania  15212-5858
	    (Name and address of agent for service)

      Telephone number of agent for service (412) 553-3856


		      EXPLANATORY NOTE

     Under a Registration Statement on Form S-8 (Registration
No. 333-00033) (the "Registration Statement"), Alcoa Inc., a
Pennsylvania corporation (the "Registrant"), offered for sale
10,000 shares of its common stock, par value $1.00 per share (the
"Common Stock") under the Alcoa Fujikura Ltd. Hourly 401(k)
Savings Plan and the Alcoa Fujikura Ltd. Salaried 401(k) Savings
Plan.  The Registrant hereby amends the Registration Statement by
filing this Post-Effective Amendment No. 1.

     Effective May 31, 1997, the Alcoa Fujikura Ltd. Hourly 401(k)
Savings Plan was merged with and into the Alcoa Fujikura Ltd.
Salaried 401(k) Savings Plan.  As of June 1, 1997, Alcoa Inc.
adopted the Alcoa Fujikura Ltd. Salaried 401(k) Savings Plan,
which also was renamed the "Alcoa Fujikura Ltd. Savings Plan" (the
"AFL Savings Plan").  The AFL Savings Plan also was frozen as of
that date.

     Effective October 25, 1999, the AFL Savings Plan was merged
into the Alcoa Savings Plan for Non-Bargaining Employees (the
"Merger"). Effective upon the Merger, the account balances of
participants in the AFL Savings Plan who were covered under a
collective bargaining agreement were transferred to the Alcoa
Savings Plan for Bargaining Employees (the "Accounts Transfer").

     As a result of the Merger and the Accounts Transfer, the
offering described in the Registration Statement has been
terminated.  This Post-Effective Amendment is being filed solely
to remove from registration any shares of Common Stock offered
under the Registration Statement that remained unsold at the
termination of the offering.


			PART II

    INFORMATION REQUIRED IN THE REGISTRATION STATEMENT


ITEM 8.  EXHIBITS

Exhibit
Number                          Description

(24) (a) Powers of Attorney of certain officers and directors of
the Company.





		      SIGNATURES

     Pursuant to the requirements of the Securities Act of 1933,
the Registrant has duly caused this post-effective amendment to
be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Pittsburgh, the Commonwealth of
Pennsylvania, on this 20th day of January, 2000.


			      ALCOA INC.
			       (Registrant)



			      /s/Robert F. Slagle
			      Robert F. Slagle
			      Executive Vice President



     Pursuant to the requirements of the Securities Act of
1933, this post-effective amendment has been signed below by the
following persons in the capacities and on the dates indicated.


     Signature                 Title                    Date
     ---------                 -----                    ----


/s/Alain J.P. Belda    President and               January 20, 2000
Alain J.P. Belda       Chief Executive Officer
		       (Principal Executive Officer)

/s/Richard B. Kelson   Executive Vice President    January 20, 2000
Richard B. Kelson      and Chief Financial Officer
		       (Principal Financial Officer)

/s/Timothy S. Mock     Vice President              January 20, 2000
Timothy S. Mock        and Controller
		       (Principal Accounting Officer)



Kenneth W. Dam, Joseph T. Gorman, Judith M. Gueron, Sir Ronald
Hampel, John P. Mulroney, Henry B. Schacht, Franklin A. Thomas
and Marina v.N. Whitman, each as a Director, on January 20,
2000 by Barbara S. Jeremiah, their attorney-in-fact.


    /s/Barbara S. Jeremiah
    Barbara S. Jeremiah
    Attorney-in-fact



	       INDEX TO EXHIBITS


Exhibit
Number                         Description

(24) (a) Powers of Attorney of certain officers and directors of
	 the Company.

EX-24

                                                Exhibit 24(a)

                        POWER OF ATTORNEY


KNOW ALL PERSONS BY THESE PRESENTS, that each of the undersigned
Directors of Aluminum Company of America (the "Company") hereby
constitutes and appoints JAN H. M. HOMMEN, HOWARD W. BURDETT,
EARNEST J. EDWARDS and BARBARA S. JEREMIAH, or any of them,
his or her true and lawful attorneys and agents to do any and
all acts and things and execute any and all instruments which
said attorneys and agents, or any of them, may deem necessary
or advisable or may be required to enable the Company to comply
with the Securities Act of 1933, as amended, and any rules,
regulations or requirements of the Securities and Exchange
Commission in respect thereof, in connection with the
registration under said Act of shares of common stock of the
Company to be issued and distributed pursuant to the Alcoa
Fujikura Ltd. Salaried 401(k) Savings Plan and Alcoa Fujikura
Ltd. Hourly 401(k) Plan or any successor plans, including
specifically, but without limiting the generality of the
foregoing, power and authority to sign the name of each of the
undersigned Directors of the Company in the capacity of Director
thereof to any registration statements to be filed with the
Securities and Exchange Commission in respect of said Plans or
successor plans and shares of common stock, or either of them,
to any and all preeffective amendments, post-effective amendments
and supplements to any such registration statements, and to any
instruments or documents filed as part of or in connection with
any such registration statements or pre-effective amendments or
post effective amendments or supplements thereto; and the
undersigned hereby ratifies and confirms all that said attorneys
and agents, or any of them, shall do or cause to be done by
virtue hereof.

IN WITNESS WHEREOF, the undersigned has subscribed these presents
on the date set opposite his or her name below.

/s/Kenneth W. Dam       12/21/95        /s/Sir Arvi Parbo       12/21/95
 Kenneth W. Dam                          Sir Arvi Parbo


/s/John P. Diesel       12/21/95        /s/Henry B. Schacht     12/21/95
 John P. Diesel                          Henry B. Schacht


/s/Joseph T. Gorman     12/21/95        /s/Forrest N. Shumway   12/21/95
 Joseph T. Gorman                        Forrest N. Shumway


/s/Judith M. Gueron     12/21/95        /s/Franklin A. Thomas   12/21/95
 Judith M. Gueron                        Franklin A. Thomas


/s/Sir Ronald Hampel    12/21/95        /s/Marina v.N. Whitman  12/21/95
 Sir Ronald Hampel                       Marina v.N. Whitman


/s/John P. Mulroney     12/21/95
John P. Mulroney