As filed with the Securities and Exchange Commission on December 23, 1997
                                                  Registration No. 333-_________


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                    ---------
                                    Form S-8
                             REGISTRATION STATEMENT
                                      Under
                           THE SECURITIES ACT OF 1933

                           ENVIRONMENT|ONE CORPORATION
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

                 New York                                      14-1505298
--------------------------------------------------------------------------------
      (State or other jurisdiction of                        (I.R.S. Employer
      incorporation or organization)                        Identification No.)


  2773 Balltown Road, Niskayuna, New York                       12309-1090
--------------------------------------------------------------------------------
(Address of Principal Executive Offices)                       (Zip Code)


           Deferred Compensation Plan for Certain Executive Employees
                         of Environment|One Corporation
--------------------------------------------------------------------------------

                            (Full title of the plan)
           Stephen V. Ardia, President, CEO and Chairman of the Board
               2773 Balltown Road, Niskayuna, New York 12309-1090
--------------------------------------------------------------------------------

                     (Name and address of agent for service)
                                 (518) 346-6161
--------------------------------------------------------------------------------
          (Telephone number, including area code, of agent for service)
<TABLE>
<CAPTION>
                                                    CALCULATION OF REGISTRATION FEE

                                                                 Proposed                    Proposed
         Title of                                                 maximum                     maximum
        securities                    Amount                     offering                    aggregate                   Amount of
           to be                       to be                       price                     offering                  registration
        registered                  registered                  per share*                    price*                        fee
        ----------                  ----------                  ----------                    ------                        ---
<S>                                <C>                           <C>                         <C>                         <C>
Common Stock, $0.10                50,000 shares                 $ 10.375                    $ 518,750                   $ 153.03
par value per share
</TABLE>
     * Estimated  pursuant to Rule 457 solely for  purposes of  calculating  the
registration  fee and based upon the average high and low prices reported by the
Nasdaq National Market on December 17, 1997.

                            Exhibit Index on page 2.
                                   Page 1 of 4
<PAGE>
                                     PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

                  This Registration Statement is filed pursuant to Item E of the
General  Instructions for Form S-8 to register additional shares of Common Stock
for offer and sale under the Deferred  Compensation  Plan for Certain  Executive
Employees of Environment|One  Corporation, for which a Registration Statement on
Form S-8 (Registration No. 333-15229) is already effective. Except to the extent
that exhibits are filed herewith, the contents of the Registrant's  Registration
Statement on Form S-8 (No. 333-15229) are hereby incorporated by reference.

Item 8.           Exhibits.

   5.1    Opinion of Bond,  Schoeneck & King,  LLP as to the validity of
          certain shares being registered.

   23.1   Consent of KPMG Peat Marwick LLP

   23.2   Consent of Bond, Schoeneck & King, LLP (included in Exhibit 5.1).

   24     Power of Attorney (included at page 4 of this Registration Statement).

Item 9.           Undertakings.

         The undersigned registrant hereby undertakes:

                 1.        (a)       To file,  during any period in which offers
                                     or sales are being made,  a  post-effective
                                     amendment to this registration statement to
                                     include  any  material   information   with
                                     respect  to the  plan of  distribution  not
                                     previously  disclosed  in the  registration
                                     statement  or any  material  change to such
                                     information in the registration statement.

                           (b)       That,  for the purpose of  determining  any
                                     liability under the Securities Act of 1933,
                                     each such post-effective amendment shall be
                                     deemed to be a new  registration  statement
                                     relating to the securities offered therein,
                                     and the offering of such securities at that
                                     time shall be deemed to be the initial bona
                                     fide offering thereof.

                           (c)       To remove from  registration  by means of a
                                     post-effective   amendment   any   of   the
                                     securities  being  registered  which remain
                                     unsold at the termination of the offering.

                                  







                                   Page 2 of 4
<PAGE>



                 2.                  That,  for  purposes  of  determining   any
                                     liability under the Securities Act of 1933,
                                     each  filing  of  the  registrant's  annual
                                     report  pursuant to Section  13(a) or 15(d)
                                     of the  Securities  Exchange  Act  of  1934
                                     (and, where  applicable,  each filing of an
                                     employee   benefit   plan's  annual  report
                                     pursuant to Section 15(d) of the Securities
                                     Exchange Act of 1934) that is  incorporated
                                     by reference in the registration  statement
                                     shall be  deemed  to be a new  registration
                                     statement   relating   to  the   securities
                                     offered  therein,  and the offering of such
                                     securities  at that time shall be deemed to
                                     be the initial bona fide offering thereof.

                 3.                  Insofar as indemnification  for liabilities
                                     arising  under the  Securities  Act of 1933
                                     may be permitted to directors, officers and
                                     controlling   persons  of  the   registrant
                                     pursuant to the  foregoing  provisions,  or
                                     otherwise,  the registrant has been advised
                                     that in the opinion of the  Securities  and
                                     Exchange Commission such indemnification is
                                     against  public  policy as expressed in the
                                     Act and is,  therefore,  unenforceable.  In
                                     the event that a claim for  indemnification
                                     against  such  liabilities  (other than the
                                     payment  by  the   registrant  of  expenses
                                     incurred or paid by a director,  officer or
                                     controlling person of the registrant in the
                                     successful  defense of any action,  suit or
                                     proceeding)  is asserted by such  director,
                                     officer or controlling person in connection
                                     with the securities being  registered,  the
                                     registrant  will,  unless in the opinion of
                                     its counsel the matter has been  settled by
                                     controlling precedent, submit to a court of
                                     appropriate   jurisdiction   the   question
                                     whether  such   indemnification  by  it  is
                                     against  public  policy as expressed in the
                                     Act  and  will  be  governed  by the  final
                                     adjudication of such issue.












                                   Page 3 of 4
<PAGE>
                                   SIGNATURES

                  Pursuant to the  requirements  of the  Securities Act of 1933,
the registrant certifies that it has reasonable grounds to believe that it meets
all of the  requirements  for  filing  on Form  S-8,  and has  duly  caused  the
registration statement to be signed on its behalf by the undersigned,  thereunto
duly authorized, in Niskayuna, New York on the 16th day of December, 1997.

                                                     ENVIRONMENT|ONE CORPORATION

                                                     By:  /s/ Stephen V. Ardia
                                                          --------------------
                                                          Stephen V. Ardia
                                                          President, CEO and
                                                          Chairman of the Board

                  Each person whose  signature  appears below hereby  authorizes
Stephen V. Ardia, as attorney-in-fact, to execute in the name of such person and
to file this  registration  statement  (including  any changes  that he may deem
necessary  or  appropriate)   and  any  amendments,   including   post-effective
amendments, hereto.

                  Pursuant to the  requirements  of the  Securities Act of 1933,
this  Registration  Statement  has been signed by the  following  persons in the
capacities and on the dates indicated.

         Signature                     Title                         Date
         ---------                     -----                         ----
                                                            
  /s/ Stephen V. Ardia        President, CEO and Chairman      December 16, 1997
      ----------------        of the Board
      Stephen V. Ardia
                        
  /s/ Philip W. Welsh         Treasurer and                    December 16, 1997
      ---------------         Director of Finance
      Philip W. Welsh
                                 
  /s/ Walter W. Aker          Director                         December 16, 1997
      --------------
      Walter W. Aker
                                                          
  /s/ John L. Allen           Director                         December 16, 1997
      -------------
      John L. Allen
                                                              
  /s/ Angelo Dounoucos        Director                         December 16, 1997
      ----------------
      Angelo Dounoucos
                                                            
  /s/ Lars G. Grenback         Director                        December 16, 1997
      ----------------
      Lars G. Grenback
                                                             
  /s/ Robert G. James          Director                        December 16, 1997
      ---------------
      Robert G. James
                                                              
  /s/ Rolf E. Soderstrom       Director                        December 16, 1997
      ------------------
      Rolf E. Soderstrom

                                   Page 4 of 4
[{"type": "S-8", "sequence": "1", "secsgml_size_bytes": 12836}]
{"company-data": {"conformed-name": "ENVIRONMENT ONE CORP", "cik": "0000033081", "assigned-sic": "3580", "irs-number": "141505298", "state-of-incorporation": "NY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-43093", "film-number": "97743471"}, "business-address": {"street1": "2773 BALLTOWN RD", "city": "SCHENECTADY", "state": "NY", "zip": "12309-1090", "phone": "5183466161"}, "mail-address": {"street1": "2773 BALLTOWN ROAD", "city": "SCHENECTADY", "state": "NY", "zip": "12309-1090"}, "former-company": {"former-conformed-name": "ENVIRONMENTAL TECHNOLOGY INC", "date-changed": "19720915"}}
As filed with the Securities and Exchange Commission on December 23, 1997
                                                  Registration No. 333-_________

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                    ---------
                                    Form S-8
                             REGISTRATION STATEMENT
                                      Under
                           THE SECURITIES ACT OF 1933

                           ENVIRONMENT|ONE CORPORATION
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

                 New York                                      14-1505298
--------------------------------------------------------------------------------
      (State or other jurisdiction of                        (I.R.S. Employer
      incorporation or organization)                        Identification No.)

  2773 Balltown Road, Niskayuna, New York                       12309-1090
--------------------------------------------------------------------------------
(Address of Principal Executive Offices)                       (Zip Code)

           Deferred Compensation Plan for Certain Executive Employees
                         of Environment|One Corporation
--------------------------------------------------------------------------------

                            (Full title of the plan)
           Stephen V. Ardia, President, CEO and Chairman of the Board
               2773 Balltown Road, Niskayuna, New York 12309-1090
--------------------------------------------------------------------------------

                     (Name and address of agent for service)
                                 (518) 346-6161
--------------------------------------------------------------------------------
          (Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE

                                                                 Proposed                    Proposed
         Title of                                                 maximum                     maximum
        securities                    Amount                     offering                    aggregate                   Amount of
           to be                       to be                       price                     offering                  registration
        registered                  registered                  per share*                    price*                        fee
        ----------                  ----------                  ----------                    ------                        ---
Common Stock, $0.10                50,000 shares                 $ 10.375                    $ 518,750                   $ 153.03
par value per share
* Estimated  pursuant to Rule 457 solely for  purposes of  calculating  the
registration  fee and based upon the average high and low prices reported by the
Nasdaq National Market on December 17, 1997.

                            Exhibit Index on page 2.
                                   Page 1 of 4
PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

                  This Registration Statement is filed pursuant to Item E of the
General  Instructions for Form S-8 to register additional shares of Common Stock
for offer and sale under the Deferred  Compensation  Plan for Certain  Executive
Employees of Environment|One  Corporation, for which a Registration Statement on
Form S-8 (Registration No. 333-15229) is already effective. Except to the extent
that exhibits are filed herewith, the contents of the Registrant's  Registration
Statement on Form S-8 (No. 333-15229) are hereby incorporated by reference.

Item 8.           Exhibits.

   5.1    Opinion of Bond,  Schoeneck & King,  LLP as to the validity of
          certain shares being registered.

   23.1   Consent of KPMG Peat Marwick LLP

   23.2   Consent of Bond, Schoeneck & King, LLP (included in Exhibit 5.1).

   24     Power of Attorney (included at page 4 of this Registration Statement).

Item 9.           Undertakings.

         The undersigned registrant hereby undertakes:

                 1.        (a)       To file,  during any period in which offers
                                     or sales are being made,  a  post-effective
                                     amendment to this registration statement to
                                     include  any  material   information   with
                                     respect  to the  plan of  distribution  not
                                     previously  disclosed  in the  registration
                                     statement  or any  material  change to such
                                     information in the registration statement.

                           (b)       That,  for the purpose of  determining  any
                                     liability under the Securities Act of 1933,
                                     each such post-effective amendment shall be
                                     deemed to be a new  registration  statement
                                     relating to the securities offered therein,
                                     and the offering of such securities at that
                                     time shall be deemed to be the initial bona
                                     fide offering thereof.

                           (c)       To remove from  registration  by means of a
                                     post-effective   amendment   any   of   the
                                     securities  being  registered  which remain
                                     unsold at the termination of the offering.

                                  

                                   Page 2 of 4
2.                  That,  for  purposes  of  determining   any
                                     liability under the Securities Act of 1933,
                                     each  filing  of  the  registrant's  annual
                                     report  pursuant to Section  13(a) or 15(d)
                                     of the  Securities  Exchange  Act  of  1934
                                     (and, where  applicable,  each filing of an
                                     employee   benefit   plan's  annual  report
                                     pursuant to Section 15(d) of the Securities
                                     Exchange Act of 1934) that is  incorporated
                                     by reference in the registration  statement
                                     shall be  deemed  to be a new  registration
                                     statement   relating   to  the   securities
                                     offered  therein,  and the offering of such
                                     securities  at that time shall be deemed to
                                     be the initial bona fide offering thereof.

                 3.                  Insofar as indemnification  for liabilities
                                     arising  under the  Securities  Act of 1933
                                     may be permitted to directors, officers and
                                     controlling   persons  of  the   registrant
                                     pursuant to the  foregoing  provisions,  or
                                     otherwise,  the registrant has been advised
                                     that in the opinion of the  Securities  and
                                     Exchange Commission such indemnification is
                                     against  public  policy as expressed in the
                                     Act and is,  therefore,  unenforceable.  In
                                     the event that a claim for  indemnification
                                     against  such  liabilities  (other than the
                                     payment  by  the   registrant  of  expenses
                                     incurred or paid by a director,  officer or
                                     controlling person of the registrant in the
                                     successful  defense of any action,  suit or
                                     proceeding)  is asserted by such  director,
                                     officer or controlling person in connection
                                     with the securities being  registered,  the
                                     registrant  will,  unless in the opinion of
                                     its counsel the matter has been  settled by
                                     controlling precedent, submit to a court of
                                     appropriate   jurisdiction   the   question
                                     whether  such   indemnification  by  it  is
                                     against  public  policy as expressed in the
                                     Act  and  will  be  governed  by the  final
                                     adjudication of such issue.

                                   Page 3 of 4
SIGNATURES

                  Pursuant to the  requirements  of the  Securities Act of 1933,
the registrant certifies that it has reasonable grounds to believe that it meets
all of the  requirements  for  filing  on Form  S-8,  and has  duly  caused  the
registration statement to be signed on its behalf by the undersigned,  thereunto
duly authorized, in Niskayuna, New York on the 16th day of December, 1997.

                                                     ENVIRONMENT|ONE CORPORATION

                                                     By:  /s/ Stephen V. Ardia
                                                          --------------------
                                                          Stephen V. Ardia
                                                          President, CEO and
                                                          Chairman of the Board

                  Each person whose  signature  appears below hereby  authorizes
Stephen V. Ardia, as attorney-in-fact, to execute in the name of such person and
to file this  registration  statement  (including  any changes  that he may deem
necessary  or  appropriate)   and  any  amendments,   including   post-effective
amendments, hereto.

                  Pursuant to the  requirements  of the  Securities Act of 1933,
this  Registration  Statement  has been signed by the  following  persons in the
capacities and on the dates indicated.

         Signature                     Title                         Date
         ---------                     -----                         ----
                                                            
  /s/ Stephen V. Ardia        President, CEO and Chairman      December 16, 1997
      ----------------        of the Board
      Stephen V. Ardia
                        
  /s/ Philip W. Welsh         Treasurer and                    December 16, 1997
      ---------------         Director of Finance
      Philip W. Welsh
                                 
  /s/ Walter W. Aker          Director                         December 16, 1997
      --------------
      Walter W. Aker
                                                          
  /s/ John L. Allen           Director                         December 16, 1997
      -------------
      John L. Allen
                                                              
  /s/ Angelo Dounoucos        Director                         December 16, 1997
      ----------------
      Angelo Dounoucos
                                                            
  /s/ Lars G. Grenback         Director                        December 16, 1997
      ----------------
      Lars G. Grenback
                                                             
  /s/ Robert G. James          Director                        December 16, 1997
      ---------------
      Robert G. James
                                                              
  /s/ Rolf E. Soderstrom       Director                        December 16, 1997
      ------------------
      Rolf E. Soderstrom

                                   Page 4 of 4