Exhibit 10(r) Form of Amendment to Executive Agreement

 
                                                                   Exhibit 10(r)

                   Form of Amendment to Executive Agreement

                                    [Date]



[Executive]
[Address]

                  Re:  Amendment No. 1 to Executive Agreement
                       --------------------------------------

Dear ____________:

Reference is made to the Executive Agreement, dated (Date) (the "Agreement"),
between you and Xxxx Corporation.

Effective as of the date of this letter, the Agreement is hereby amended as
follows:

    (1)  the reference in Paragraph 1(d)(ii) to "under Olin's management
    incentive compensation plan ("MICP")" shall be changed to "actually paid
    under Olin's short-term annual incentive compensation plans or programs
    ("ICP")" and

    (2)  all references to "MICP" shall be changed to "ICP".

Please indicate your acceptance by signing below and returning a copy to Xxxxxxx
Xxxxxxx.  Except as amended hereby, the Agreement remains in full force and
effect.  This Amendment may be executed in one or more counterparts, each of
which shall be deemed to be an original but all of which together will
constitute one and the same instrument.

                              Very truly yours,

                              XXXX CORPORATION



                              By: _______________________________

Accepted:


________________________