Rule 424(b)(2)
                                                       Registration No. 33-62300

PRICING SUPPLEMENT NO.   1   DATED  August 10, 1994
                       -----       ------------------

(To Prospectus Dated August 4, 1994, as supplemented
by Prospectus Supplement Dated August 4, 1994)


                                 HONEYWELL INC.

                           Medium-Term Notes, Series A


Form of Note:

/X/  Book-Entry
/ /  Certificated

Principal Amount:  $50,000,000
                  --------------

Original Issue Date:  August 16, 1994
                     -----------------

Maturity Date:  August 16, 1999
               -----------------

Interest Rate Basis (and, if applicable,
related Interest Periods):

/X/  Fixed Rate Note
/ /  Commercial Paper Rate Note
/ /  Federal Funds Rate Note
/ /  LIBOR Note
/ /  Prime Rate Note
/ /  CD Rate Note
/ /  Treasury Rate Note
/ /  CMT Rate Note
     Designated CMT Telerate Page:_________
     Designated CMT Maturity Index:________
/ /  Other Base Rate (as described below)
/ /  Zero Coupon Note



Redemption Terms:



Repayment Terms:



Calculation Agent:


Other Terms:

Agent:                           Principal Amount:

Goldman, Sachs & Co.               $12,500,000
Chase Securities, Inc.              12,500,000
J.P. Morgan Securities, Inc.        12,500,000
Dillon, Read & Co. Inc.             12,500,000



Issue Price (Dollar Amount and Percentage of Principal)
Amount:  $ 50,000,000 / 100 %
        --------------------

Interest Rate/Initial Interest Rate:   7.46%
                                     -------------

Interest Payment Dates:  June 15 and December 15
                        --------------------------

Regular Record Dates:  June 1 and December 1
                      ----------------------------

Interest Determination Dates:
                              --------------------

Interest Reset Dates:
                      ----------------------------

Index Maturity:
                ----------------------------------

Spread:
        ------------------------------------------

Spread Multiplier:
                   -------------------------------

Maximum Interest Rate:
                       ---------------------------




Minimum Interest Rate:
                       ---------------------------

For Original Issue Discount Notes:

  Original issue discount:
                           -----------------------%

  Yield to maturity:
                     -----------------------------%

  Original issue discount applicable to short accrual
   period:

  / / Appropriate
  / / Exact

  Original Issue Discount Notes:

  / / Subject to special provisions set forth therein with
        respect to the principal amount thereof payable upon
        any redemption or acceleration of the maturity thereof.
  / / For Federal income tax purposes only.