content: ____________________________________________________________________________
  
  
  
  
  
               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:  May 2, 1996
  
  
  
  
               AMERICAN PRESIDENT COMPANIES, LTD.
     (Exact name of registrant as specified in its charter)
  
  
  
            Delaware                    1-8544                 94-2911022
  (State or other jurisdiction of     (Commission        (I.R.S. Employer
  incorporation or organization)      File Number)    Identification No.)
  
  
  
  
            1111 Broadway, Oakland, California  94607
       (Address of principal executive offices)  (Zip Code)
                                
                                
                                
         Registrant's telephone number:  (510) 272-8000
  
  ____________________________________________________________________________
  
  <PAGE>
  
       AMERICAN PRESIDENT COMPANIES, LTD. AND SUBSIDIARIES
  
  
  
  
  Item 2.   Acquisition or Disposition of Assets
  
  
        American  President Companies, Ltd. (the "company"),  APL
  Land  Transport  Services,  Inc.  ("APLLTS"),  a  wholly  owned
  subsidiary of the company, and Hub Group, Inc. (OHubO)  entered
  into  an  agreement dated as of May 2, 1996 to sell to Hub  the
  rights  to  service  certain domestic intermodal  customers  of
  APLLTS  for  approximately $8 million in cash and  notes.   The
  purchase price is subject to downward adjustment based upon the
  results  of a financial audit being performed by the  companyOs
  independent public accountants.  Subject to such adjustment, if
  any, the company will realize a pretax gain of approximately $7
  million.   In addition, APLLTS and Hub entered into  a  10-year
  agreement  whereby APLLTS will provide stacktrain  services  to
  Hub.   Revenues  related to the servicing rights  sold  to  Hub
  represented  approximately  6% of  the  company's  consolidated
  revenues in 1995.
  
  
  
  Item 7.   Financial Statements and Exhibits
  
  (b) (1)Pending the results of the audit referred to in  Item  2
         above,  the  company has not yet determined whether  the
         servicing  rights  sold to Hub constitute  a  "business"
         that is "significant" with respect to the company within
         the  meaning of Instruction 4 to Item 2 of Form  8K  and
         Rule  11-01  of  Regulation S-X.   Pro  forma  financial
         information, if required, will be filed by amendment  to
         this Form 8-K as soon as practicable, but not later than
         60 days after the date of this report.
  
  (c)  Exhibits
  
  Exhibit No.            Description of Document
  ____________________________________________________________________________
  
  
  2.1  Purchase Agreement as of May 2, 1996, by and among Hub
       Group, Inc., American President Companies, Ltd. and APL
       Land Transport Services, Inc.*
  
  *    Application to be filed with the Securities and Exchange
       Commission, pursuant to Exchange Act Rule 24b-2, for
       confidential treatment of certain portions of this
       exhibit.
  
  <PAGE>
  
       AMERICAN PRESIDENT COMPANIES, LTD. AND SUBSIDIARIES
                                
                                
                                
                                
                                
                                
                           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,  thereunto  duly
  authorized.
  
  
                              AMERICAN PRESIDENT COMPANIES, LTD.
  
  
  
  Dated:  May 17, 1996                 By  /s/ Timothy J. Windle
                                               Timothy J. Windle
                                              Assistant Secretary
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "FORM 8-K DATED MAY 2, 1996 FOR APC", "secsgml_size_bytes": 4158}]
metadata_filer: {"company-data": {"conformed-name": "AMERICAN PRESIDENT COMPANIES LTD", "cik": "0000725457", "assigned-sic": "4412", "irs-number": "942911022", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-08544", "film-number": "96569294"}, "business-address": {"street1": "1111 BROADWAY", "city": "OAKLAND", "state": "CA", "zip": "94607", "phone": "4152718000"}}
text: ____________________________________________________________________________
  
               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:  May 2, 1996
  
               AMERICAN PRESIDENT COMPANIES, LTD.
     (Exact name of registrant as specified in its charter)
  
            Delaware                    1-8544                 94-2911022
  (State or other jurisdiction of     (Commission        (I.R.S. Employer
  incorporation or organization)      File Number)    Identification No.)
  
            1111 Broadway, Oakland, California  94607
       (Address of principal executive offices)  (Zip Code)
                                
                                
                                
         Registrant's telephone number:  (510) 272-8000
  
  ____________________________________________________________________________
  AMERICAN PRESIDENT COMPANIES, LTD. AND SUBSIDIARIES
  
  Item 2.   Acquisition or Disposition of Assets
  
        American  President Companies, Ltd. (the "company"),  APL
  Land  Transport  Services,  Inc.  ("APLLTS"),  a  wholly  owned
  subsidiary of the company, and Hub Group, Inc. (OHubO)  entered
  into  an  agreement dated as of May 2, 1996 to sell to Hub  the
  rights  to  service  certain domestic intermodal  customers  of
  APLLTS  for  approximately $8 million in cash and  notes.   The
  purchase price is subject to downward adjustment based upon the
  results  of a financial audit being performed by the  companyOs
  independent public accountants.  Subject to such adjustment, if
  any, the company will realize a pretax gain of approximately $7
  million.   In addition, APLLTS and Hub entered into  a  10-year
  agreement  whereby APLLTS will provide stacktrain  services  to
  Hub.   Revenues  related to the servicing rights  sold  to  Hub
  represented  approximately  6% of  the  company's  consolidated
  revenues in 1995.
  
  Item 7.   Financial Statements and Exhibits
  
  (b) (1)Pending the results of the audit referred to in  Item  2
         above,  the  company has not yet determined whether  the
         servicing  rights  sold to Hub constitute  a  "business"
         that is "significant" with respect to the company within
         the  meaning of Instruction 4 to Item 2 of Form  8K  and
         Rule  11-01  of  Regulation S-X.   Pro  forma  financial
         information, if required, will be filed by amendment  to
         this Form 8-K as soon as practicable, but not later than
         60 days after the date of this report.
  
  (c)  Exhibits
  
  Exhibit No.            Description of Document
  ____________________________________________________________________________
  
  2.1  Purchase Agreement as of May 2, 1996, by and among Hub
       Group, Inc., American President Companies, Ltd. and APL
       Land Transport Services, Inc.*
  
  *    Application to be filed with the Securities and Exchange
       Commission, pursuant to Exchange Act Rule 24b-2, for
       confidential treatment of certain portions of this
       exhibit.
  AMERICAN PRESIDENT COMPANIES, LTD. AND SUBSIDIARIES
                                
                                
                                
                                
                                
                                
                           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,  thereunto  duly
  authorized.
  
                              AMERICAN PRESIDENT COMPANIES, LTD.
  
  Dated:  May 17, 1996                 By  /s/ Timothy J. Windle
                                               Timothy J. Windle
                                              Assistant Secretary