8-K

                        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


                               September 30, 1997
                 Date of report (Date of earliest event reported)

                                 MASCO CORPORATION
                (Exact Name of Registrant as Specified in Charter)


         Delaware                      1-5794               38-1794485
(State or Other Jurisdiction    (Commission File Number)   (IRS Employer      
 of Incorporation)                                         Identification No.) 
      


21001 Van Born Road, Taylor, Michigan                           48180
     (Address of Principal Executive Offices)                 (Zip Code)

                                    (313) 274-7400
               (Registrant's telephone number, including area code)




ITEM 5.  OTHER EVENTS.

      The Registrant has received and now holds approximately 9.9 million 
shares, approximately 42% of the outstanding shares, of Emco Limited, a Canadian
distributor and manufacturer of building materials for the home improvement and
construction markets ("Emco").  The Emco shares were delivered to the 
Registrant, along with approximately $50 million in cash, by MascoTech, Inc. in 
payment of a promissory note issued by MascoTech, Inc. to the Registrant in 
October 1996. The Registrant's press release issued September 30, 1997 
announcing the receipt of Emco shares is attached as Exhibit 99.a hereto.

      
ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

      (c)   Exhibits.  The following exhibit is filed herewith:   

            99.a  Press Release dated September 30, 1997.





                                    SIGNATURES


      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.


                              MASCO CORPORATION



                              By: /s/Richard G. Mosteller 
                                   Richard G. Mosteller
                                   Senior Vice President - Finance             
        
                                

Date: October 9, 1997


                                   EXHIBIT INDEX


      
      99.a  Press Release dated September 30, 1997                             
               

      

EX-99.A

Exhibit 99.a





FOR IMMEDIATE RELEASE

                      MASCO CORPORATION ANNOUNCES RECEIPT OF
                         EQUITY INTEREST IN EMCO LIMITED            


      Taylor, Michigan, September 30, 1997--MASCO CORPORATION (NYSE:MAS) today
announced that it has received and now holds approximately 9.9 million shares
(approximately 42%) of the outstanding common stock of Emco Limited.  MascoTech
Inc. delivered these shares and approximately $50 million in cash in payment of
a promissory note issued by MascoTech in October 1996 under its agreement to
purchase certain of its securities held by MASCO.  

      MASCO was formerly a major shareholder of Emco and continues to have a
number of joint marketing initiatives with Emco in both Canada and the United
States. MASCO's Chairman Richard Manoogian said,  "This reunion will allow us to
build upon the synergy between our companies, particularly in sales and
marketing." MASCO intends, at this time, to maintain its equity holdings in 
Emco. 


      Emco Limited is the leading Canadian distributor and manufacturer of
building materials for the home improvement and construction markets.  Emco also
produces custom components, including brass and aluminum forgings.

      MASCO CORPORATION is one of the world's leading manufacturers of faucets,
cabinets, locks and other consumer brand-name home improvement and building
products.