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PRICING SUPPLEMENT NO 5 DATED October 5, 1995                     Rule 424(b)(3)
(To the Prospectus Dated April 27, 1995, and
 Prospectus Supplement dated May 17, 1995)                     File No. 33-57357

                         AIR PRODUCTS AND CHEMICALS, INC.
                           MEDIUM-TERM NOTES, SERIES D
                DUE FROM 9 MONTHS TO 20 YEARS FROM DATE OF ISSUE
                                FIXED-RATE NOTES

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

Trade Date:  October 5, 1995                     Maturity Date: October 11, 2007
                      Original Issue Date: October 11, 1995

Interest Rate Range of Maturities Per Annum ------------------- ------------- From 9 months to less than 1 year ........................ ----------% From 1 year to less than 18 months ....................... ----------% From 18 months to less than 2 years ...................... ----------% From 2 years to less than 3 years ........................ ----------% From 3 years to less than 4 years ........................ ----------% From 4 years to less than 5 years ........................ ----------% From 5 years to less than 6 years ........................ ----------% From 6 years to less than 7 years ........................ ----------% From 7 years to less than 8 years ........................ ----------% From 8 years to less than 9 years ........................ ----------% From 9 years to less than 10 years ....................... ----------% From 10 years to less than 11 years ...................... ----------% From 11 years to less than 12 years ...................... 6.60 % ---------- From 12 years to less than 13 years ...................... ----------% From 13 years to less than 14 years ...................... ----------% From 14 years to less than 15 years ...................... ----------% From 15 years to less than 16 years ...................... ----------% From 16 years to less than 17 years ...................... ----------% From 17 years to less than 18 years ...................... ----------% From 18 years to less than 19 years ...................... ----------% From 19 years up to and including 20 years ............... ----------%
Principal Amount: $15,000,000.00 Face Amount: $15,000,000.00 Issue Price: 99.946 Net Proceeds to Issuer: $14,898,075.00 Specified Currency: U.S. Dollars Exchange Rate Agent: N/A (If other than U.S. dollars, see attached) Interest Payment Dates: Each June 15 and December 15 and at Maturity Record Dates: Each June 1 and December 1 Agent's Commission: $93,750.00 Agent: CS First Boston Corporation 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: