==============================================================================
                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION

                             Washington, DC 20549
                               ________________


                                   FORM 8-K

                                CURRENT REPORT

    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

       Date of report (Date of earliest event reported): August 17, 2005


                            ACCO BRANDS CORPORATION
              (Exact Name of Registrant as Specified in Charter)


            Delaware                    001-08454              36-2704017
  (State or Other Jurisdiction         (Commission            (IRS Employer
        of Incorporation)              File Number)        Identification No.)


                               300 Tower Parkway
                         Lincolnshire, Illinois 60069
              (Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code  (847) 484-4800

                                Not Applicable
         (Former Name or Former Address, if Changed Since Last Report)

     Check the  appropriate  box below if the Form 8-K filing is  intended  to
simultaneously  satisfy the filing  obligation of the registrant  under any of
the following provisions:

     [ ] Written communications  pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

     [ ]  Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)

     [ ] Pre-commencement  communications  pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

     [ ] Pre-commencement  communications  pursuant to Rule 13e-4(c) under the
Exchange  Act (17 CFR  240.13e-4(c))  Section 1 -  Registrant's  Business  and
Operations

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<PAGE>

               Section 1 - Registrant's Business and Operations

Item 1.01.  Entry into a Material Definitive Agreement.

                          Entry into Credit Agreement,
                 Supplemental Indenture and Joinder Agreement

Credit Agreement

     On August 17,  2005,  ACCO  Brands  Corporation,  a Delaware  corporation
formerly  named  ACCO  World  Corporation   ("ACCO"),   and  its  wholly-owned
subsidiaries  ACCO Brands Europe Ltd.  ("ACCO Europe") and Furlon Holding B.V.
(to be  renamed  ACCO  Nederland  Holdings  B.V.)  ("ACCO  Netherlands,"  and,
together with ACCO and ACCO Europe,  the  "Borrowers"),  entered into a credit
agreement,  dated as of August 17, 2005 (the  "Credit  Agreement"),  governing
senior secured credit  facilities with Citicorp North America,  Inc., ABN AMRO
Bank, N.V. and a syndicate of lenders (the "Lenders").

     The  senior   secured  credit   facilities   provide  for  the  following
facilities:

     o   a $400.0  million U.S. term loan  facility;

     o   a $130.0 million dollar revolving  credit facility  (including a $40.0
         million letter of credit sublimit and a provision for loans,  referred
         to as swing-line loans, that may be requested on an expedited basis in
         a maximum aggregate amount of $30.0 million);

     o   a  (pound)63.6  million  sterling term loan  facility;

     o   a (euro)68.2 million euro term loan facility; and

     o   a $20.0 million dollar equivalent euro revolving credit facility.

     ACCO is the  borrower  under the U.S.  term loan  facility and the dollar
revolving credit facility, ACCO Europe is the borrower under the sterling term
loan facility and the dollar  equivalent  euro revolving  credit  facility and
ACCO  Netherlands is the borrower  under the euro term loan facility.  Each of
the term loan  facilities  was fully drawn on August 17, 2005. No amounts were
borrowed initially,  and $4.9 million undrawn face amount of letters of credit
was outstanding, under the revolving facilities on August 17, 2005.

     Each borrower is entitled to make borrowings at an interest rate based on
(1) in the case of ACCO only, the base rate (which means the higher of (i) the
Citibank,  N.A.,  base rate and (ii) the Federal Funds effective rate plus 1/2
of 1%) or (2)  the  applicable  eurocurrency  rate  plus,  in  each  case,  an
applicable  margin.  Until the end of the fiscal  quarter  ending on March 31,
2006 and after the delivery by ACCO to the lenders of its financial statements
for such  fiscal  quarter,  (i) the  applicable  margin for term loans to ACCO
equals  0.75%  with  respect  to base rate  loans and 1.75%  with  respect  to
eurocurrency rate loans, (ii) the applicable margin for dollar revolving loans
which are base rate loans  equals  1.00% and (iii) the  applicable  margin for
eurocurrency  borrowings under sterling and euro term loans and each revolving
credit facility equals 2.00%. At the end of the fiscal quarter ending on March
31,  2006 and after  the  delivery  by ACCO to the  lenders  of its  financial
statements for such fiscal quarter,  the applicable margins will be determined
as specified in pricing  grids based on the then  applicable  leverage  ratio.
Each borrower may elect interest periods of 1, 2, 3 or 6 months (or, if agreed
to by  all  of the  lenders,  9 or 12  months)  for  eurocurrency  borrowings.
Interest on the loans is  calculated  on the basis of actual days elapsed in a
year of 360 days (or 365 or 366 days,  as the case may be, in the case of base
rate loans and sterling  term  loans).  Interest is payable in arrears (a) for
loans accruing interest at a rate based on the applicable  eurocurrency  rate,
at the end of each interest period (or every three months for interest periods
greater than three  months) and on the  applicable  maturity  date and (b) for
loans accruing  interest  based on the base rate,  quarterly in arrears and on
the applicable  maturity  date.  ACCO is also required to pay certain fees and
expenses in connection with the senior secured credit facilities.

     The term loan to ACCO  matures  on August  17,  2012,  and  amortizes  in
quarterly  installments  over such period commencing on December 31, 2005 with
the  balance  due at  maturity.  The  term  loans  to  ACCO  Europe  and  ACCO
Netherlands mature on August 17, 2010, and amortize in quarterly  installments
over  such  period  commencing  December  31,  2005  with the  balance  due on
maturity.  Each revolving  credit facility  terminates on August 17, 2010 with
the balance due on such date.

     The senior secured credit  facilities are guaranteed by substantially all
of the domestic  subsidiaries of ACCO (the "U.S.  guarantors")  and secured by
(A) a perfected first priority lien, subject to permitted liens, on all of the
capital stock and intercompany notes held by each U.S. guarantor,  except that
with respect to the capital stock of non-U.S. subsidiaries held by ACCO or any
U.S. guarantor, the lien securing the loans and letters of credit to ACCO (but
not the loans to ACCO Europe and ACCO  Netherlands)  are limited to 65% of the
voting stock of such non-U.S.  subsidiaries and (B) a perfected first priority
lien,  subject  to  permitted  liens,  on  all of the  material  tangible  and
intangible properties and assets (including all contract rights, real property
interests,  trademarks,  trade names, equipment and proceeds of the foregoing)
of ACCO and each U.S. guarantor, subject to certain exceptions.

     In addition, the loans to ACCO Europe and ACCO Netherlands are guaranteed
(subject to U.K.  pension-related  limitations  and local law  limitations) by
certain  foreign  subsidiaries  of ACCO  (the  "foreign  guarantors")  and are
secured,  subject to the same limitations,  by liens in the material property,
plant and equipment and current assets and certain other assets of the foreign
borrowers and foreign guarantors, subject to specified exceptions.

     Optional  prepayments  of  borrowings  under the  senior  secured  credit
facilities and optional  reductions of the unutilized portion of the revolving
credit  facilities  are  permitted  without  premium  or  penalty at any time,
subject to, among other  things,  reimbursement  of the lenders'  redeployment
costs,  if any, in the case of a prepayment  of  eurocurrency  borrowings.  In
certain   instances   (such  as  upon  certain  asset  sales,   insurance  and
condemnation  or eminent  domain  events,  issuances of debt or equity and the
generation of excess cash flow), subject to specified exceptions,  prepayments
are mandatory.

     Under the terms of the senior secured credit facilities, ACCO is required
to meet  specified  financial  tests,  including  a  maximum  ratio  of  total
indebtedness to trailing four quarter EBITDA,  and a minimum ratio of trailing
four quarter  EBITDA to cash interest  expense,  each as defined in the credit
agreement.  In addition, the credit agreement contains covenants that apply to
the borrowers and their respective subsidiaries and, among other things,

     o  limit  the  incurrence  of  additional  indebtedness,  liens,  capital
        expenditures, loans and investments;

     o  limit the ability of the borrowers and their  respective  subsidiaries
        to take action with respect to dividends,  redemptions and repurchases
        with respect to capital stock;

     o  place limitations on prepayments, redemptions and repurchases of debt;

     o  limit the borrowers'  and their  respective  subsidiaries'  ability to
        enter into mergers,  consolidations,  acquisitions, asset dispositions
        and sale/leaseback transactions and transactions with affiliates; and

     o  restrict  changes  in  business,  amendments  of debt,  organizational
        documents and other material  agreements,  and place  restrictions  on
        distributions  from  subsidiaries,  the  issuance  and sale of capital
        stock of  subsidiaries  and other  matters  customarily  restricted in
        senior secured loan agreements.

The   senior   secured   credit   facilities   also   contain   customary
representations and warranties and affirmative covenants.

     The senior secured credit facilities contain customary events of default,
including payment defaults, breach of representations and warranties, covenant
defaults,  cross-defaults  and  cross-accelerations,   certain  bankruptcy  or
insolvency events, judgment defaults,  specified ERISA-related events, changes
in control  or  ownership,  and  invalidity  of any  collateral  or  guarantee
document or other specified types of document relating to the borrowings under
the credit agreement.

     The  foregoing  description  is qualified in its entirety by reference to
the Credit  Agreement,  which is filed as Exhibit 10.1 hereto and incorporated
herein by reference.

Supplemental Indenture

     On August 17,  2005,  ACCO  entered into a  Supplemental  Indenture  (the
"Supplemental  Indenture"),  dated as of August  17,  2005,  among  ACCO,  the
subsidiaries of ACCO signatory  thereto (the  "Guarantors") and Wachovia Bank,
National Association ("Wachovia"), as trustee, whereby ACCO and the Guarantors
became parties to the Indenture, dated as of August 5, 2005 (the "Indenture"),
between  ACCO  Finance I, Inc.  ("Finance")  and  Wachovia,  as trustee,  ACCO
assumed the obligations of Finance under the 7 5/8% Senior  Subordinated Notes
due 2015 issued by Finance on August 5, 2005 (the "Notes") under the Indenture
and the  Guarantors  guaranteed the Notes. A description of the material terms
of the  Indenture is set forth in Item 1.01 of ACCO's  Current  Report on Form
8-K dated August 3, 2005 (filed  August 8, 2005) under the heading  "Financing
Arrangements" and incorporated herein by reference.

     The  foregoing  description  is qualified in its entirety by reference to
the  Supplemental  Indenture,  which  is  filed  as  Exhibit  4.1  hereto  and
incorporated herein by reference.

Joinder Agreement

     On  August  17,  2005,  ACCO and the  Guarantors  entered  into a Joinder
Agreement,  dated as of  August  17,  2005  (the  "Joinder  Agreement"),  with
Citigroup Global Markets Inc. and Goldman,  Sachs & Co., as representatives of
the  Initial  Purchasers  (as defined  below),  pursuant to which ACCO and the
Guarantors   became  party  to  the   Registration   Rights   Agreement   (the
"Registration Rights Agreement"),  dated as of August 5, 2005, among Citigroup
Global  Markets  Inc.,  Goldman,  Sachs & Co., ABN AMRO  Incorporated,  Harris
Nesbitt Corp., NatCity Investments, Inc. and Piper Jaffray & Co. (the "Initial
Purchasers"),  ACCO and Finance.  A description  of the material  terms of the
Registration  Rights  Agreement  is set forth in Item  1.01 of ACCO's  Current
Report  on  Form  8-K  dated  August  3,  2005  (filed  August  8,  2005)  and
incorporated herein by reference.

     The  foregoing  description  is qualified in its entirety by reference to
the Joinder  Agreement,  which is filed as Exhibit 4.2 hereto and incorporated
herein by reference.

            Information Regarding Parties to the Credit Agreement,
             the Supplemental Indenture and the Joinder Agreement

     Certain of the Lenders or their affiliates have in the past engaged,  and
may in the future engage, in transactions with and perform services (including
commercial  banking,  financial  advisory and investment banking services) for
ACCO and its  affiliates  in the ordinary  course of business,  for which they
have received or will receive  customary fees and  reimbursement  of expenses.
Affiliates of Citigroup  Global Markets Inc.,  Goldman,  Sachs & Co., ABN AMRO
Incorporated,  and Harris Nesbitt Corp. have acted as agents and lenders,  and
each of the other Initial  Purchases  (excluding Piper Jaffray & Co.) or their
affiliates have acted as lenders under the Credit Agreement and, in each case,
have received customary fees in connection therewith. Citigroup Global Markets
Inc.  provided  advisory  services to ACCO, and Goldman,  Sachs & Co. provided
advisory  services  to General  Binding  Corporation,  a Delaware  corporation
("GBC"),  in  connection  with the August 17,  2005  merger of a  wholly-owned
subsidiary  of  ACCO  with  and  into  GBC  (the  "Merger"),   and  each  upon
consummation  of the Merger  received a customary  financial  advisory fee for
such services.  Certain of the Lenders or their  affiliates were lenders under
GBC's former credit facility, borrowings under which were repaid in connection
with the  Merger  using  proceeds  from the  issuance  of the  Notes  and from
borrowings under the Credit Agreement.

     Wachovia is serving as Trustee and is a lender under the Credit Agreement
and,  in each  such  capacity,  has  received  customary  fees  in  connection
therewith.  Wachovia had served as trustee under the indenture governing GBC's
senior  subordinated  notes that were discharged in connection with the Merger
and received customary fees in connection therewith.

<PAGE>


                       Section 2 - Financial Information

Item 2.03.    Creation of a Direct Financial Obligation or an Obligation under
              an Off-Balance Sheet Arrangement of a Registrant.

     The information set forth in Item 1.01 of this Current Report on Form 8-K
under the heading  "Entry into Credit  Agreement,  Supplemental  Indenture and
Joinder Agreement--Credit Agreement" is incorporated herein by reference.


                 Section 9 - Financial Statements and Exhibits

Item 9.01.     Financial Statements and Exhibits.

      (c)  Exhibits.

           4.1   Supplemental  Indenture,  dated as of August 17, 2005,  among
                 ACCO Brands Corporation, the Guarantors signatory thereto and
                 Wachovia Bank, National Association, as Trustee.

           4.2   Joinder  Agreement,  dated as of August 17, 2005,  among ACCO
                 Brands  Corporation,  the  Guarantors  signatory  thereto and
                 Citigroup  Global  Markets Inc. and Goldman,  Sachs & Co., as
                 representatives of the Initial Purchasers.

           10.1  Credit  Agreement,  dated as of August 17, 2005, by and among
                 ACCO Brands  Corporation,  ACCO Brands  Europe  Ltd.,  Furlon
                 Holding B.V. (to be renamed ACCO Nederland Holdings B.V.) and
                 the lenders and issuers party hereto, Citicorp North America,
                 Inc., as  Administrative  Agent,  and ABN AMRO Bank, N.V., as
                 Syndication Agent.

<PAGE>


                                   SIGNATURE

     Pursuant to the requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report to be  signed on its  behalf by the
undersigned hereunto duly authorized.

                                            ACCO BRANDS CORPORATION
                                                (Registrant)



                                            By: /s/ Steven Rubin
                                                ----------------
                                                Name:  Steven Rubin
                                                Title: Secretary


Date:  August 22, 2005

<PAGE>



                                 EXHIBIT INDEX
                                 -------------


        Exhibit Number                             Description
        --------------                             -----------

             4.1    Supplemental Indenture, dated as of August 17, 2005, among
                    ACCO Brands Corporation,  the Guarantors signatory thereto
                    and Wachovia Bank, National Association, as Trustee.

             4.2    Joinder Agreement, dated as of August 17, 2005, among ACCO
                    Brands Corporation,  the Guarantors  signatory thereto and
                    Citigroup Global Markets Inc. and Goldman, Sachs & Co., as
                    representatives of the Initial Purchasers.

             10.1   Credit  Agreement,  dated as of August  17,  2005,  by and
                    among ACCO Brands  Corporation,  ACCO Brands  Europe Ltd.,
                    Furlon Holding B.V. (to be renamed ACCO Nederland Holdings
                    B.V.) and the lenders and issuers party  hereto,  Citicorp
                    North America, Inc., as Administrative Agent, and ABN AMRO
                    Bank, N.V., as Syndication Agent.
[{"type": "8-K", "sequence": "1", "filename": "chi462788.txt", "description": "FORM 8-K", "secsgml_size_bytes": 18543}]
{"company-data": {"conformed-name": "ACCO BRANDS CORP", "cik": "0000712034", "assigned-sic": "2780", "irs-number": "362704017", "state-of-incorporation": "DE", "fiscal-year-end": "1227"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-08454", "film-number": "051042358"}, "business-address": {"street1": "300 TOWER PARKWAY", "city": "LINCOLNSHIRE", "state": "IL", "zip": "60069", "phone": "847-484-4800"}, "mail-address": {"street1": "300 TOWER PARKWAY", "city": "LINCOLNSHIRE", "state": "IL", "zip": "60069"}, "former-company": {"former-conformed-name": "ACCO WORLD CORP", "date-changed": "19830106"}}
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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION

                             Washington, DC 20549
                               ________________

                                   FORM 8-K

                                CURRENT REPORT

    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

       Date of report (Date of earliest event reported): August 17, 2005

                            ACCO BRANDS CORPORATION
              (Exact Name of Registrant as Specified in Charter)

            Delaware                    001-08454              36-2704017
  (State or Other Jurisdiction         (Commission            (IRS Employer
        of Incorporation)              File Number)        Identification No.)

                               300 Tower Parkway
                         Lincolnshire, Illinois 60069
              (Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code  (847) 484-4800

                                Not Applicable
         (Former Name or Former Address, if Changed Since Last Report)

     Check the  appropriate  box below if the Form 8-K filing is  intended  to
simultaneously  satisfy the filing  obligation of the registrant  under any of
the following provisions:

     [ ] Written communications  pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

     [ ]  Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)

     [ ] Pre-commencement  communications  pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

     [ ] Pre-commencement  communications  pursuant to Rule 13e-4(c) under the
Exchange  Act (17 CFR  240.13e-4(c))  Section 1 -  Registrant's  Business  and
Operations

==============================================================================
Section 1 - Registrant's Business and Operations

Item 1.01.  Entry into a Material Definitive Agreement.

                          Entry into Credit Agreement,
                 Supplemental Indenture and Joinder Agreement

Credit Agreement

     On August 17,  2005,  ACCO  Brands  Corporation,  a Delaware  corporation
formerly  named  ACCO  World  Corporation   ("ACCO"),   and  its  wholly-owned
subsidiaries  ACCO Brands Europe Ltd.  ("ACCO Europe") and Furlon Holding B.V.
(to be  renamed  ACCO  Nederland  Holdings  B.V.)  ("ACCO  Netherlands,"  and,
together with ACCO and ACCO Europe,  the  "Borrowers"),  entered into a credit
agreement,  dated as of August 17, 2005 (the  "Credit  Agreement"),  governing
senior secured credit  facilities with Citicorp North America,  Inc., ABN AMRO
Bank, N.V. and a syndicate of lenders (the "Lenders").

     The  senior   secured  credit   facilities   provide  for  the  following
facilities:

     o   a $400.0  million U.S. term loan  facility;

     o   a $130.0 million dollar revolving  credit facility  (including a $40.0
         million letter of credit sublimit and a provision for loans,  referred
         to as swing-line loans, that may be requested on an expedited basis in
         a maximum aggregate amount of $30.0 million);

     o   a  (pound)63.6  million  sterling term loan  facility;

     o   a (euro)68.2 million euro term loan facility; and

     o   a $20.0 million dollar equivalent euro revolving credit facility.

     ACCO is the  borrower  under the U.S.  term loan  facility and the dollar
revolving credit facility, ACCO Europe is the borrower under the sterling term
loan facility and the dollar  equivalent  euro revolving  credit  facility and
ACCO  Netherlands is the borrower  under the euro term loan facility.  Each of
the term loan  facilities  was fully drawn on August 17, 2005. No amounts were
borrowed initially,  and $4.9 million undrawn face amount of letters of credit
was outstanding, under the revolving facilities on August 17, 2005.

     Each borrower is entitled to make borrowings at an interest rate based on
(1) in the case of ACCO only, the base rate (which means the higher of (i) the
Citibank,  N.A.,  base rate and (ii) the Federal Funds effective rate plus 1/2
of 1%) or (2)  the  applicable  eurocurrency  rate  plus,  in  each  case,  an
applicable  margin.  Until the end of the fiscal  quarter  ending on March 31,
2006 and after the delivery by ACCO to the lenders of its financial statements
for such  fiscal  quarter,  (i) the  applicable  margin for term loans to ACCO
equals  0.75%  with  respect  to base rate  loans and 1.75%  with  respect  to
eurocurrency rate loans, (ii) the applicable margin for dollar revolving loans
which are base rate loans  equals  1.00% and (iii) the  applicable  margin for
eurocurrency  borrowings under sterling and euro term loans and each revolving
credit facility equals 2.00%. At the end of the fiscal quarter ending on March
31,  2006 and after  the  delivery  by ACCO to the  lenders  of its  financial
statements for such fiscal quarter,  the applicable margins will be determined
as specified in pricing  grids based on the then  applicable  leverage  ratio.
Each borrower may elect interest periods of 1, 2, 3 or 6 months (or, if agreed
to by  all  of the  lenders,  9 or 12  months)  for  eurocurrency  borrowings.
Interest on the loans is  calculated  on the basis of actual days elapsed in a
year of 360 days (or 365 or 366 days,  as the case may be, in the case of base
rate loans and sterling  term  loans).  Interest is payable in arrears (a) for
loans accruing interest at a rate based on the applicable  eurocurrency  rate,
at the end of each interest period (or every three months for interest periods
greater than three  months) and on the  applicable  maturity  date and (b) for
loans accruing  interest  based on the base rate,  quarterly in arrears and on
the applicable  maturity  date.  ACCO is also required to pay certain fees and
expenses in connection with the senior secured credit facilities.

     The term loan to ACCO  matures  on August  17,  2012,  and  amortizes  in
quarterly  installments  over such period commencing on December 31, 2005 with
the  balance  due at  maturity.  The  term  loans  to  ACCO  Europe  and  ACCO
Netherlands mature on August 17, 2010, and amortize in quarterly  installments
over  such  period  commencing  December  31,  2005  with the  balance  due on
maturity.  Each revolving  credit facility  terminates on August 17, 2010 with
the balance due on such date.

     The senior secured credit  facilities are guaranteed by substantially all
of the domestic  subsidiaries of ACCO (the "U.S.  guarantors")  and secured by
(A) a perfected first priority lien, subject to permitted liens, on all of the
capital stock and intercompany notes held by each U.S. guarantor,  except that
with respect to the capital stock of non-U.S. subsidiaries held by ACCO or any
U.S. guarantor, the lien securing the loans and letters of credit to ACCO (but
not the loans to ACCO Europe and ACCO  Netherlands)  are limited to 65% of the
voting stock of such non-U.S.  subsidiaries and (B) a perfected first priority
lien,  subject  to  permitted  liens,  on  all of the  material  tangible  and
intangible properties and assets (including all contract rights, real property
interests,  trademarks,  trade names, equipment and proceeds of the foregoing)
of ACCO and each U.S. guarantor, subject to certain exceptions.

     In addition, the loans to ACCO Europe and ACCO Netherlands are guaranteed
(subject to U.K.  pension-related  limitations  and local law  limitations) by
certain  foreign  subsidiaries  of ACCO  (the  "foreign  guarantors")  and are
secured,  subject to the same limitations,  by liens in the material property,
plant and equipment and current assets and certain other assets of the foreign
borrowers and foreign guarantors, subject to specified exceptions.

     Optional  prepayments  of  borrowings  under the  senior  secured  credit
facilities and optional  reductions of the unutilized portion of the revolving
credit  facilities  are  permitted  without  premium  or  penalty at any time,
subject to, among other  things,  reimbursement  of the lenders'  redeployment
costs,  if any, in the case of a prepayment  of  eurocurrency  borrowings.  In
certain   instances   (such  as  upon  certain  asset  sales,   insurance  and
condemnation  or eminent  domain  events,  issuances of debt or equity and the
generation of excess cash flow), subject to specified exceptions,  prepayments
are mandatory.

     Under the terms of the senior secured credit facilities, ACCO is required
to meet  specified  financial  tests,  including  a  maximum  ratio  of  total
indebtedness to trailing four quarter EBITDA,  and a minimum ratio of trailing
four quarter  EBITDA to cash interest  expense,  each as defined in the credit
agreement.  In addition, the credit agreement contains covenants that apply to
the borrowers and their respective subsidiaries and, among other things,

     o  limit  the  incurrence  of  additional  indebtedness,  liens,  capital
        expenditures, loans and investments;

     o  limit the ability of the borrowers and their  respective  subsidiaries
        to take action with respect to dividends,  redemptions and repurchases
        with respect to capital stock;

     o  place limitations on prepayments, redemptions and repurchases of debt;

     o  limit the borrowers'  and their  respective  subsidiaries'  ability to
        enter into mergers,  consolidations,  acquisitions, asset dispositions
        and sale/leaseback transactions and transactions with affiliates; and

     o  restrict  changes  in  business,  amendments  of debt,  organizational
        documents and other material  agreements,  and place  restrictions  on
        distributions  from  subsidiaries,  the  issuance  and sale of capital
        stock of  subsidiaries  and other  matters  customarily  restricted in
        senior secured loan agreements.

The   senior   secured   credit   facilities   also   contain   customary
representations and warranties and affirmative covenants.

     The senior secured credit facilities contain customary events of default,
including payment defaults, breach of representations and warranties, covenant
defaults,  cross-defaults  and  cross-accelerations,   certain  bankruptcy  or
insolvency events, judgment defaults,  specified ERISA-related events, changes
in control  or  ownership,  and  invalidity  of any  collateral  or  guarantee
document or other specified types of document relating to the borrowings under
the credit agreement.

     The  foregoing  description  is qualified in its entirety by reference to
the Credit  Agreement,  which is filed as Exhibit 10.1 hereto and incorporated
herein by reference.

Supplemental Indenture

     On August 17,  2005,  ACCO  entered into a  Supplemental  Indenture  (the
"Supplemental  Indenture"),  dated as of August  17,  2005,  among  ACCO,  the
subsidiaries of ACCO signatory  thereto (the  "Guarantors") and Wachovia Bank,
National Association ("Wachovia"), as trustee, whereby ACCO and the Guarantors
became parties to the Indenture, dated as of August 5, 2005 (the "Indenture"),
between  ACCO  Finance I, Inc.  ("Finance")  and  Wachovia,  as trustee,  ACCO
assumed the obligations of Finance under the 7 5/8% Senior  Subordinated Notes
due 2015 issued by Finance on August 5, 2005 (the "Notes") under the Indenture
and the  Guarantors  guaranteed the Notes. A description of the material terms
of the  Indenture is set forth in Item 1.01 of ACCO's  Current  Report on Form
8-K dated August 3, 2005 (filed  August 8, 2005) under the heading  "Financing
Arrangements" and incorporated herein by reference.

     The  foregoing  description  is qualified in its entirety by reference to
the  Supplemental  Indenture,  which  is  filed  as  Exhibit  4.1  hereto  and
incorporated herein by reference.

Joinder Agreement

     On  August  17,  2005,  ACCO and the  Guarantors  entered  into a Joinder
Agreement,  dated as of  August  17,  2005  (the  "Joinder  Agreement"),  with
Citigroup Global Markets Inc. and Goldman,  Sachs & Co., as representatives of
the  Initial  Purchasers  (as defined  below),  pursuant to which ACCO and the
Guarantors   became  party  to  the   Registration   Rights   Agreement   (the
"Registration Rights Agreement"),  dated as of August 5, 2005, among Citigroup
Global  Markets  Inc.,  Goldman,  Sachs & Co., ABN AMRO  Incorporated,  Harris
Nesbitt Corp., NatCity Investments, Inc. and Piper Jaffray & Co. (the "Initial
Purchasers"),  ACCO and Finance.  A description  of the material  terms of the
Registration  Rights  Agreement  is set forth in Item  1.01 of ACCO's  Current
Report  on  Form  8-K  dated  August  3,  2005  (filed  August  8,  2005)  and
incorporated herein by reference.

     The  foregoing  description  is qualified in its entirety by reference to
the Joinder  Agreement,  which is filed as Exhibit 4.2 hereto and incorporated
herein by reference.

            Information Regarding Parties to the Credit Agreement,
             the Supplemental Indenture and the Joinder Agreement

     Certain of the Lenders or their affiliates have in the past engaged,  and
may in the future engage, in transactions with and perform services (including
commercial  banking,  financial  advisory and investment banking services) for
ACCO and its  affiliates  in the ordinary  course of business,  for which they
have received or will receive  customary fees and  reimbursement  of expenses.
Affiliates of Citigroup  Global Markets Inc.,  Goldman,  Sachs & Co., ABN AMRO
Incorporated,  and Harris Nesbitt Corp. have acted as agents and lenders,  and
each of the other Initial  Purchases  (excluding Piper Jaffray & Co.) or their
affiliates have acted as lenders under the Credit Agreement and, in each case,
have received customary fees in connection therewith. Citigroup Global Markets
Inc.  provided  advisory  services to ACCO, and Goldman,  Sachs & Co. provided
advisory  services  to General  Binding  Corporation,  a Delaware  corporation
("GBC"),  in  connection  with the August 17,  2005  merger of a  wholly-owned
subsidiary  of  ACCO  with  and  into  GBC  (the  "Merger"),   and  each  upon
consummation  of the Merger  received a customary  financial  advisory fee for
such services.  Certain of the Lenders or their  affiliates were lenders under
GBC's former credit facility, borrowings under which were repaid in connection
with the  Merger  using  proceeds  from the  issuance  of the  Notes  and from
borrowings under the Credit Agreement.

     Wachovia is serving as Trustee and is a lender under the Credit Agreement
and,  in each  such  capacity,  has  received  customary  fees  in  connection
therewith.  Wachovia had served as trustee under the indenture governing GBC's
senior  subordinated  notes that were discharged in connection with the Merger
and received customary fees in connection therewith.
Section 2 - Financial Information

Item 2.03.    Creation of a Direct Financial Obligation or an Obligation under
              an Off-Balance Sheet Arrangement of a Registrant.

     The information set forth in Item 1.01 of this Current Report on Form 8-K
under the heading  "Entry into Credit  Agreement,  Supplemental  Indenture and
Joinder Agreement--Credit Agreement" is incorporated herein by reference.

                 Section 9 - Financial Statements and Exhibits

Item 9.01.     Financial Statements and Exhibits.

      (c)  Exhibits.

           4.1   Supplemental  Indenture,  dated as of August 17, 2005,  among
                 ACCO Brands Corporation, the Guarantors signatory thereto and
                 Wachovia Bank, National Association, as Trustee.

           4.2   Joinder  Agreement,  dated as of August 17, 2005,  among ACCO
                 Brands  Corporation,  the  Guarantors  signatory  thereto and
                 Citigroup  Global  Markets Inc. and Goldman,  Sachs & Co., as
                 representatives of the Initial Purchasers.

           10.1  Credit  Agreement,  dated as of August 17, 2005, by and among
                 ACCO Brands  Corporation,  ACCO Brands  Europe  Ltd.,  Furlon
                 Holding B.V. (to be renamed ACCO Nederland Holdings B.V.) and
                 the lenders and issuers party hereto, Citicorp North America,
                 Inc., as  Administrative  Agent,  and ABN AMRO Bank, N.V., as
                 Syndication Agent.
SIGNATURE

     Pursuant to the requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report to be  signed on its  behalf by the
undersigned hereunto duly authorized.

                                            ACCO BRANDS CORPORATION
                                                (Registrant)

                                            By: /s/ Steven Rubin
                                                ----------------
                                                Name:  Steven Rubin
                                                Title: Secretary

Date:  August 22, 2005
EXHIBIT INDEX
                                 -------------

        Exhibit Number                             Description
        --------------                             -----------

             4.1    Supplemental Indenture, dated as of August 17, 2005, among
                    ACCO Brands Corporation,  the Guarantors signatory thereto
                    and Wachovia Bank, National Association, as Trustee.

             4.2    Joinder Agreement, dated as of August 17, 2005, among ACCO
                    Brands Corporation,  the Guarantors  signatory thereto and
                    Citigroup Global Markets Inc. and Goldman, Sachs & Co., as
                    representatives of the Initial Purchasers.

             10.1   Credit  Agreement,  dated as of August  17,  2005,  by and
                    among ACCO Brands  Corporation,  ACCO Brands  Europe Ltd.,
                    Furlon Holding B.V. (to be renamed ACCO Nederland Holdings
                    B.V.) and the lenders and issuers party  hereto,  Citicorp
                    North America, Inc., as Administrative Agent, and ABN AMRO
                    Bank, N.V., as Syndication Agent.