UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
   Watson, Douglas G.
   52 Liberty Corner Road
   Far Hills, NJ  07931
   USA
2. Issuer Name and Ticker or Trading Symbol
   ENGELHARD CORPORATION
   EC
3. IRS or Social Security Number of Reporting Person (Voluntary)
   144-72-9690
4. Statement for Month/Year
   9/30/2002
5. If Amendment, Date of Original (Month/Year)

6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   (X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
   (specify below)

7. Individual or Joint/Group Filing (Check Applicable Line)
   (X) Form filed by One Reporting Person
   ( ) Form filed by More than One Reporting Person


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 Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                 |
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1. Title of Security       |2.    |3.    |4.Securities Acquired (A)         |5.Amount of        |6.Dir |7.Nature of Indirect       |
                           | Transaction |  or Disposed of (D)              |  Securities       |ect   |  Beneficial Ownership     |
                           |      |      |                                  |  Beneficially     |(D)or |                           |
                           |      |    | |                  | A/|           |  Owned at         |Indir |                           |
                           | Date |Code|V|    Amount        | D |    Price  |  End of Month     |ect(I)|                           |
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Common Stock (1)           |3/31/0|A   |V|657               |A  |29.49      |                   |D     |                           |
                           |2 (1) |    | |                  |   |           |                   |      |                           |
-----------------------------------------------------------------------------------------------------------------------------------|
Common Stock (2)           |3/31/0|A   |V|26                |A  |29.79      |                   |D     |                           |
                           |2 (2) |    | |                  |   |           |                   |      |                           |
-----------------------------------------------------------------------------------------------------------------------------------|
Common Stock (2)           |5/31/0|A   |V|503               |A  |31.80      |                   |D     |                           |
                           |2 (2) |    | |                  |   |           |                   |      |                           |
-----------------------------------------------------------------------------------------------------------------------------------|
Common Stock (1)           |6/30/0|A   |V|610               |A  |31.04      |                   |D     |                           |
                           |2 (1) |    | |                  |   |           |                   |      |                           |
-----------------------------------------------------------------------------------------------------------------------------------|
Common Stock (2)           |6/30/0|A   |V|29                |A  |28.98      |                   |D     |                           |
                           |2 (2) |    | |                  |   |           |                   |      |                           |
-----------------------------------------------------------------------------------------------------------------------------------|
Common Stock (1)           |9/30/0|A   | |765               |A  |25.40      |                   |D     |                           |
                           |2 (1) |    | |                  |   |           |                   |      |                           |
-----------------------------------------------------------------------------------------------------------------------------------|
Common Stock (2)           |9/30/0|A   | |33                |A  |25.17      |56,798             |D     |                           |
                           |2 (2) |    | |                  |   |           |                   |      |                           |
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___________________________________________________________________________________________________________________________________
 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
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1.Title of Derivative |2.Con-  |3.   |4.    |5.Number of De |6.Date Exer|7.Title and Amount  |8.Price|9.Number    |10.|11.Nature of|
  Security            |version |Transaction | rivative Secu |cisable and|  of Underlying     |of Deri|of Deriva   |Dir|Indirect    |
                      |or Exer |     |      | rities Acqui  |Expiration |  Securities        |vative |tive        |ect|Beneficial  |
                      |cise    |     |      | red(A) or Dis |Date(Month/|                    |Secu   |Securities  |(D)|Ownership   |
                      |Price of|     |      | posed of(D)   |Day/Year)  |                    |rity   |Benefi      |or |            |
                      |Deriva- |     |      |               |Date |Expir|                    |       |ficially    |Ind|            |
                      |tive    |     |      |           | A/|Exer-|ation|   Title and Number |       |Owned at    |ire|            |
                      |Secu-   |     |    | |           | D |cisa-|Date |   of Shares        |       |End of      |ct |            |
                      |rity    |Date |Code|V|  Amount   |   |ble  |     |                    |       |Month       |(I)|            |
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                      |        |     |    | |           |   |     |     |            |       |       |            |   |            |
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Explanation of Responses:
(1)  Deferred stock units acquired pursuant to Engelhard Corporation Deferred
Compensation Plan for Directors to be settled 100% in Engelhard
       Corporation comon stock on termination of services as director or change
in control of Engelhard Corporation.
(2)  Deferred stock units acquired pursuant to Engelhard Corporation Deferred
Compensation Plan for Non-Employee Directors to be settled 100% in
       Engelhard Corporation comon stock on termination of services as director
or change in control of Engelhard Corporation.