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):  April 25, 1997 
                                                        (April 25, 1997)


                               FIRST USA, INC.
              (Exact Name of Registrant as Specified in Charter)


              DELAWARE              1-11-3030           75-2291060
           (State or Other         (Commission          (IRS Employer
           Jurisdiction            File Number)      Identification No.)
           of Incorporation)


           1601 ELM STREET, 47TH FLOOR, DALLAS, TEXAS         75201
            (Address of Principal Executive Offices)        (Zip Code)


                                 214-849-2000
             (Registrant's telephone number, including area code)



          ITEM 5.  OTHER EVENTS

               On April 25, 1997, First USA, Inc., a Delaware
          corporation ("First USA"), issued a press release
          announcing that it has elected to redeem all of the
          outstanding shares of its 6 1/4% convertible preferred
          stock on and as of May 20, 1997, the first date on which
          the convertible preferred stock becomes redeemable at the
          option of First USA.  The convertible preferred stock is
          traded on the New York, Pacific and Chicago stock
          exchanges under the symbol "FUSp."

               A copy of the press release is attached as an
          exhibit hereto and is incorporated by reference herein.


          ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
                   INFORMATION AND EXHIBITS

          (c)   Exhibits

          Exhibit 99.1   Press Release, dated April 25, 1997,
                         issued by First USA, Inc.



                                  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.

          Date:  April 25, 1997


                                   FIRST USA, INC.           
                                   ---------------------------------
                                         (Registrant)

                                   By: /s/ Philip E. Taken          
                                      -------------------------------
                                   Name:  Philip E. Taken
                                   Title:    Senior Vice President and 
                                              General Counsel




                                EXHIBIT INDEX

          Exhibit
          -------
          Exhibit 99.1   Press Release, dated April 25, 1997,
                         issued by First USA, Inc.
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 3044}]
{"company-data": {"conformed-name": "FIRST USA INC", "cik": "0000883172", "assigned-sic": "6141", "irs-number": "752291060", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-13206", "film-number": "97587741"}, "business-address": {"street1": "1601 ELM STREET 47TH FLOOR", "city": "DALLAS", "state": "TX", "zip": "75201", "phone": "2148492444"}, "mail-address": {"street1": "1601 ELM STREET", "street2": "47TH FLOOR", "city": "DALLAS", "state": "TX", "zip": "75201"}}
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):  April 25, 1997 
                                                        (April 25, 1997)

                               FIRST USA, INC.
              (Exact Name of Registrant as Specified in Charter)

              DELAWARE              1-11-3030           75-2291060
           (State or Other         (Commission          (IRS Employer
           Jurisdiction            File Number)      Identification No.)
           of Incorporation)

           1601 ELM STREET, 47TH FLOOR, DALLAS, TEXAS         75201
            (Address of Principal Executive Offices)        (Zip Code)

                                 214-849-2000
             (Registrant's telephone number, including area code)

          ITEM 5.  OTHER EVENTS

               On April 25, 1997, First USA, Inc., a Delaware
          corporation ("First USA"), issued a press release
          announcing that it has elected to redeem all of the
          outstanding shares of its 6 1/4% convertible preferred
          stock on and as of May 20, 1997, the first date on which
          the convertible preferred stock becomes redeemable at the
          option of First USA.  The convertible preferred stock is
          traded on the New York, Pacific and Chicago stock
          exchanges under the symbol "FUSp."

               A copy of the press release is attached as an
          exhibit hereto and is incorporated by reference herein.

          ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
                   INFORMATION AND EXHIBITS

          (c)   Exhibits

          Exhibit 99.1   Press Release, dated April 25, 1997,
                         issued by First USA, Inc.

                                  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.

          Date:  April 25, 1997

                                   FIRST USA, INC.           
                                   ---------------------------------
                                         (Registrant)

                                   By: /s/ Philip E. Taken          
                                      -------------------------------
                                   Name:  Philip E. Taken
                                   Title:    Senior Vice President and 
                                              General Counsel

                                EXHIBIT INDEX

          Exhibit
          -------
          Exhibit 99.1   Press Release, dated April 25, 1997,
                         issued by First USA, Inc.