We determine densities and star formation rates of AGB stars from an a
nalysis of OH/LR stars in the solar neighbourhood. The stars are divid
ed into three distinct mass ranges corresponding to the precursors of
type I, II and III planetary nebulae, according to the Peimbert classi
fication scheme. The adopted distance scale is based on the period-lum
inosity relationship by Feast et al. (1989). The formation (or death)
rates are calculated using stellar evolution models for AGB stars, and
are compared with the corresponding rates for planetary nebulae and w
hite dwarfs. The results indicate that both surface and volume densiti
es of AGB stars are in good agreement with previous determinations in
the literature. The formation rates are found to be very sensitive to
the evolution time at the AGB, and depend also on the adopted model.