CINCINNATI (AP) _ The Procter & Gamble Co. doesn't expect any charges out of a police investigation into news leaks by current and former employees, a company spokesman said today.

The company asked police to investigate possible violations of the state's trade secrets law after stories appeared in The Wall Street Journal in June, citing sources it did not identify.

Police obtained records of telephone calls to reporters, prompting protests from First Amendment lawyers and journalists' organizations. P&G spokesman Terry Loftus said today the police department's investigation was nearly complete and no charges were expected.

''It did not produce any results and is in fact winding down,'' he said.

Gary Armstrong, the police investigator handling the case, was out of the office and unavailable for comment Wednesday. Other investigators wouldn't comment, referring calls to Armstrong.

The company, based in Cincinnati, went to police after its own internal investigation turned up no evidence.

''We did conduct an internal investigation which turned up nothing,'' Loftus said. ''That was our first step. After we completed that internal investigation, we decided to turn it over to the Cincinnati police department.''