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



Date of Report (Date of earliest event reported):January 23, 1996



                        PITTWAY CORPORATION	   
       (Exact name of registrant as specified in its charter)



        Delaware	                              13-5616408		
(State of other jurisdiction                  (IRS Employer
     of incorporation)                    Identification Number)


                                1-4821
                       (Commission File Number)


200 South Wacker Drive, Suite 700, Chicago, Illinois   60606-5802 
(Address of principal executive offices)               (Zip Code)


Registrant's telephone number, including area code: (312) 831-1070








INFORMATION TO BE INCLUDED IN THE REPORT

	
Item 5.  Other Events

       On January 23, 1996, Registrant declared a 3-for-2 stock split 
in the form of a 50% stock dividend on its Common and Class A Common 
stock, payable March 1, 1996 to stockholders of record February 14.  
The stock split, along with the declaration of a split-adjusted 
quarterly dividend, are more fully described in the press release 
filed as Exhibit 99 hereto, which is hereby incorporated by reference.


Item 7.  Financial Statements and Exhibits

         (c) Exhibits.
                                                  Sequentially
          Exhibit No.         Description         Numbered Page

              99              Press release             3
                              dated
                              January 23, 1996


       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.



                                        PITTWAY CORPORATION
                                        (Registrant)


Dated: January 25, 1996            By:  /s/ Paul R. Gauvreau	
	Paul R. Gauvreau
	Financial Vice President
	and Treasurer



                                - 2 -
 



 

 

EX-99

                                                       Exhibit 99
                                              Pittway Corporation
                                                 January 25, 1996
                                                         Form 8-K


FROM:                                     FOR:

EDELMAN WORLDWIDE                         PITTWAY CORPORATION
200 E. Randolph Drive                     200 S. Wacker Drive
63rd Floor                                Suite 700
Chicago, IL  60601                        Chicago, IL  60606-5802
312-240-3000	                           312-831-1070

For further information, contact: 
Gary Strong at Edelman Worldwide

                      FOR IMMEDIATE RELEASE

                 PITTWAY SPLITS STOCK 3-FOR-2 AND 
                   DECLARES QUARTERLY DIVIDENDS

CHICAGO, IL, January 23, 1996  -- Pittway Corporation (AMEX) declared a 
3-for-2 stock split in the form of a 50% stock dividend on its Common 
and Class A Common stock, payable March 1, 1996 to stockholders of 
record February 14.  Pittway also declared a quarterly dividend, 
adjusted for the 3-for-2 split, of 8.33 cents per Class A share and  
6.67 cents per Common share, equivalent to its prior quarterly 
dividend.  Under Pittway's charter, any quarterly dividend on Class A 
shares, adjusted for the split, is required to be 1 2/3 cents per share 
higher than the dividend on Common shares.  The cash dividends are 
payable April 2, 1996 to stockholders of record March 15.

       Pittway is a manufacturer and distributor of professional 
burglar and fire alarm equipment; a publisher of trade magazines and 
directories; and a participant in joint venture real estate 
developments.
                                 - 3 -