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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 BFo4hhJklCT460QHhZbe4D6PHqwbnhPfKdCwepxXC6a3GZrOYCsacu4FRL/egLMy
 Cq5HcHTZu/J4TO7uRchaYw==

<SEC-DOCUMENT>0000950123-96-006984.txt : 19961126
<SEC-HEADER>0000950123-96-006984.hdr.sgml : 19961126
ACCESSION NUMBER:		0000950123-96-006984
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19961125
SROS:			NYSE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AIR PRODUCTS & CHEMICALS INC /DE/
		CENTRAL INDEX KEY:			0000002969
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL INORGANIC CHEMICALS [2810]
		IRS NUMBER:				231274455
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-02461
		FILM NUMBER:		96671859

	BUSINESS ADDRESS:	
		STREET 1:		7201 HAMILTON BLVD
		CITY:			ALLENTOWN
		STATE:			PA
		ZIP:			18195-1501
		BUSINESS PHONE:		2154814911
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<DESCRIPTION>PRICING SUPPLEMENT #2: AIR PRODUCTS & CHEMICALS
<TEXT>

<PAGE>   1
PRICING SUPPLEMENT NO. 2 DATED NOVEMBER 22, 1996                  Rule 424(b)(3)
(To the Prospectus Dated May 1, 1996, and the                 File No. 333-02461
Prospectus Supplement dated May 16, 1996)


                        AIR PRODUCTS AND CHEMICALS, INC.
                           MEDIUM-TERM NOTES, SERIES F
                DUE FROM 9 MONTHS TO 30 YEARS FROM DATE OF ISSUE
                               FLOATING-RATE NOTES

                                  -------------

<TABLE>

<S>                                        <C>                                                     <C>
Trade Date: November 22, 1996               Original Issue Date: November 27, 1996                 Maturity Date: November 29, 1999

Principal Amount:  $15,000,000.00

Face Amount: $15,000,000.00

Issue Price:  Par

Specified Currency:  U.S. Dollars                    Exchange Rate Agent:  N/A
(If other than U.S. dollars, see attached)

U.S. Dollar Payment Options:  N/A

Original Yield to Maturity:         N/A                       Total Amount of OID: N/A

Base Rate:        [ ]Commercial Paper Rate           [X]LIBOR [ ]Treasury Rate                     [ ]Other:

Initial Interest Rate:  5.55%                        Interest Determination Dates:
                                                     Two London Business Days Prior to
                                                     Coupon Date

Reset Period: Quarterly                              Interest Reset Dates:  Same as
                                                     Interest Payment Dates

Interest Payment Dates: February 28, May 29,         Index Maturity: N/A
   August 29, and November 29, Modified Following
   Business Day

Maximum Interest Rate:  N/A                          Minimum Interest Rate: N/A

Spread:  0.05%

Spread Multiplier:         N/A                       Calculation Agent: Lehman Brothers Inc.
                                                    

Agent's Commission: $12,450.00                       Agent: Lehman Brothers Inc.

Net Proceeds to Issuer: $14,987,550

Global Note:      [X]Yes       [ ]No                 Form: [X]Book-Entry [ ]Certificated

Depositary:  DTC

Redemption:  Check box opposite applicable sentence.

         [X]  The Notes cannot be redeemed prior to maturity.

         [ ]  The Notes may be redeemed prior to maturity.

         Terms of Redemption:


Repayment:  Check the box opposite applicable sentence.

         [X]  The Notes cannot be repaid prior to maturity.

         [ ]  The Notes may be repaid prior to maturity.

         Terms of Repayment:


Additional Terms:
</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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