SECURITIES AND EXCHANGE COMMISSION 
                           WASHINGTON, D.C. 20549 
  
                             __________________ 
  
                                  FORM 8-K 
  
                               CURRENT REPORT 
                   PURSUANT TO SECTION 13 OF 15(d) OF THE 
                      SECURITIES EXCHANGE ACT OF 1934 
  
  Date of report (Date of earliest event reported):  August 12, 1998
 
  
                              Sunbeam Corporation
  ------------------------------------------------------------------------
               Exact Name of Registrant Specified in Charter 
  
  
            Delaware               0001-000052           25-1638266
  ------------------------------------------------------------------------
  (State or Other Jurisdiction     (Commission          (IRS Employer
        of Incorporation)          File Number)       Identification No.) 
  
  1615 South Congress Avenue, Suite 200, Delray Beach, Florida     33445
  ------------------------------------------------------------------------
     (Address of Principal Executive Offices)                   (Zip Code)
  
  
 Registrant's telephone number, including area code:  (561) 243-2100

         (Former Name or Former Address, if Changed Since Last Report)
  


 ITEM 5. OTHER EVENTS. 
  
           On August 12, 1998, Sunbeam Corporation ("Sunbeam") entered into
 a settlement agreement with MacAndrews & Forbes Holdings, Inc. The
 agreement releases Sunbeam from any claims MacAndrews & Forbes may have
 against Sunbeam arising out of Sunbeam's acquisition of MacAndrews &
 Forbes' interest in The Coleman Company, Inc.; enables Sunbeam to retain
 the services of MacAndrews & Forbes executive personnel who have been
 managing Sunbeam since mid-June 1998, including Jerry W. Levin, the
 Company's Chief Executive Officer; and provides for MacAndrews & Forbes to
 continue to give other management support to Sunbeam. 
  
           Pursuant to the settlement agreement, MacAndrews & Forbes will
 receive from Sunbeam five-year warrants to purchase an additional 23
 million Sunbeam shares at an exercise price of $7.00 per share and
 containing customary anti-dilution provisions. 
            
           A copy of the settlement agreement and copies of the press
 release and  letter to Sunbeam shareholders, each dated August 12, 1998,
 announcing the execution of the settlement agreement are filed as exhibits
 hereto and are incorporated by reference herein.  
  
  
 ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
          EXHIBITS. 
  
 (a)  Not applicable. 
  
 (b)  Not applicable 
  
 (c)  Exhibits. 
  
      99.1   Settlement Agreement, dated as of August 12, 1998, by and
             between Sunbeam Corporation and Coleman (Parent) Holdings, Inc.
  
      99.2   Press Release issued by Sunbeam Corporation on August 12, 1998. 
  
      99.3   Letter to Sunbeam shareholders dated August 12, 1998. 
  

                                 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. 
  
                                        SUNBEAM CORPORATION 
  
  
                                        By: /s/ Janet G. Kelley
                                            -------------------------------
                                            Vice President, General Counsel
                                            and Assistant Secretary
  
  
  
 August 14, 1998 




                               EXHIBIT INDEX 
  
    
 99.1    Settlement Agreement, dated as of August 12, 1998, by and between
         Sunbeam Corporation and Coleman (Parent) Holdings, Inc. 
  
 99.2    Press Release issued by Sunbeam Corporation on August 12, 1998. 
  
 99.3    Letter to Sunbeam shareholders dated August 12, 1998.
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{"company-data": {"conformed-name": "SUNBEAM CORP/FL/", "cik": "0000003662", "assigned-sic": "3634", "irs-number": "251638266", "state-of-incorporation": "DE", "fiscal-year-end": "1229"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-00052", "film-number": "98690749"}, "business-address": {"street1": "1615 SOUTH CONGRESS AVENUE", "street2": "SUITE 200", "city": "DELRAY BEACH", "state": "FL", "zip": "33445", "phone": "5612432100"}, "mail-address": {"street1": "1615 SOUTH CONGRESS AVENUE", "street2": "SUITE 200", "city": "DELRAY BEACH", "state": "FL", "zip": "33445"}, "former-company": {"former-conformed-name": "SUNBEAM OSTER COMPANY INC /DE/", "date-changed": "19931210"}}
SECURITIES AND EXCHANGE COMMISSION 
                           WASHINGTON, D.C. 20549 
  
                             __________________ 
  
                                  FORM 8-K 
  
                               CURRENT REPORT 
                   PURSUANT TO SECTION 13 OF 15(d) OF THE 
                      SECURITIES EXCHANGE ACT OF 1934 
  
  Date of report (Date of earliest event reported):  August 12, 1998
 
  
                              Sunbeam Corporation
  ------------------------------------------------------------------------
               Exact Name of Registrant Specified in Charter 
  
  
            Delaware               0001-000052           25-1638266
  ------------------------------------------------------------------------
  (State or Other Jurisdiction     (Commission          (IRS Employer
        of Incorporation)          File Number)       Identification No.) 
  
  1615 South Congress Avenue, Suite 200, Delray Beach, Florida     33445
  ------------------------------------------------------------------------
     (Address of Principal Executive Offices)                   (Zip Code)
  
  
 Registrant's telephone number, including area code:  (561) 243-2100

         (Former Name or Former Address, if Changed Since Last Report)
  

 ITEM 5. OTHER EVENTS. 
  
           On August 12, 1998, Sunbeam Corporation ("Sunbeam") entered into
 a settlement agreement with MacAndrews & Forbes Holdings, Inc. The
 agreement releases Sunbeam from any claims MacAndrews & Forbes may have
 against Sunbeam arising out of Sunbeam's acquisition of MacAndrews &
 Forbes' interest in The Coleman Company, Inc.; enables Sunbeam to retain
 the services of MacAndrews & Forbes executive personnel who have been
 managing Sunbeam since mid-June 1998, including Jerry W. Levin, the
 Company's Chief Executive Officer; and provides for MacAndrews & Forbes to
 continue to give other management support to Sunbeam. 
  
           Pursuant to the settlement agreement, MacAndrews & Forbes will
 receive from Sunbeam five-year warrants to purchase an additional 23
 million Sunbeam shares at an exercise price of $7.00 per share and
 containing customary anti-dilution provisions. 
            
           A copy of the settlement agreement and copies of the press
 release and  letter to Sunbeam shareholders, each dated August 12, 1998,
 announcing the execution of the settlement agreement are filed as exhibits
 hereto and are incorporated by reference herein.  
  
  
 ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
          EXHIBITS. 
  
 (a)  Not applicable. 
  
 (b)  Not applicable 
  
 (c)  Exhibits. 
  
      99.1   Settlement Agreement, dated as of August 12, 1998, by and
             between Sunbeam Corporation and Coleman (Parent) Holdings, Inc.
  
      99.2   Press Release issued by Sunbeam Corporation on August 12, 1998. 
  
      99.3   Letter to Sunbeam shareholders dated August 12, 1998. 
  

                                 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. 
  
                                        SUNBEAM CORPORATION 
  
  
                                        By: /s/ Janet G. Kelley
                                            -------------------------------
                                            Vice President, General Counsel
                                            and Assistant Secretary
  
  
  
 August 14, 1998 

                               EXHIBIT INDEX 
  
    
 99.1    Settlement Agreement, dated as of August 12, 1998, by and between
         Sunbeam Corporation and Coleman (Parent) Holdings, Inc. 
  
 99.2    Press Release issued by Sunbeam Corporation on August 12, 1998. 
  
 99.3    Letter to Sunbeam shareholders dated August 12, 1998.