UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 205439


                                    FORM 8-K


                                 CURRENT REPORT
     Pursuant to Section 12 or 15(d) of The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported):  March 18, 1998


                          Musicland Stores Corporation
             (Exact name of registrant as specified in its charter)


          Delaware                     1-11014                    41-1623376
(State or other jurisdiction         (Commission                (IRS Employer
      of incorporation)              File Number)            Identification No.)


              10400 Yellow Circle Drive
                Minnetonka, Minnesota                     55343
      (Address of principal executive offices)          (Zip Code)


Registrant's telephone number, including area code:  (612) 931-8000




















                      
                                       1


<PAGE>




Item 5.  Other Events.


         On March 18, 1998 the Registrant and its wholly owned  subsidiary,  The
Musicland  Group,  Inc.  issued  a notice  of a  certain  proposed  unregistered
offering of debt  securities  pursuant to Rule 135c.  of the  Securities  Act of
1933. See attached Press Release (Exhibit 99).


Item 7.  Financial Statements and Exhibits


         (c)      Exhibits

                  99       Press Release dated March 18, 1998



                                       2
<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.

Date:  March 18, 1998

                                   MUSICLAND STORES CORPORATION
                                           (Registrant)



                                   By:  /s/ Keith A. Benson
                                      -----------------------  
                                          Keith A. Benson
                               Vice Chairman and Chief Financial Officer

                                       3
<PAGE>





                                  EXHIBIT INDEX



                                                        Page No. in Sequentially
Exhibit          Description of Exhibit                     Numbered Copy
-------          ----------------------                 ------------------------


  99             Press Release dated March 18, 1998                5
 

                                       4
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 2657}]
{"company-data": {"conformed-name": "MUSICLAND STORES CORP", "cik": "0000832995", "assigned-sic": "5731", "irs-number": "411623376", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-11014", "film-number": "98568445"}, "business-address": {"street1": "10400 YELLOW CIRCLE DR", "city": "MINNETONKA", "state": "MN", "zip": "55343", "phone": "6129318000"}, "mail-address": {"street1": "10400 YELLOW CIRCLE DR", "city": "MINNETONKA", "state": "MN", "zip": "55343"}}
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 205439

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 12 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  March 18, 1998

                          Musicland Stores Corporation
             (Exact name of registrant as specified in its charter)

          Delaware                     1-11014                    41-1623376
(State or other jurisdiction         (Commission                (IRS Employer
      of incorporation)              File Number)            Identification No.)

              10400 Yellow Circle Drive
                Minnetonka, Minnesota                     55343
      (Address of principal executive offices)          (Zip Code)

Registrant's telephone number, including area code:  (612) 931-8000

                      
                                       1
Item 5.  Other Events.

         On March 18, 1998 the Registrant and its wholly owned  subsidiary,  The
Musicland  Group,  Inc.  issued  a notice  of a  certain  proposed  unregistered
offering of debt  securities  pursuant to Rule 135c.  of the  Securities  Act of
1933. See attached Press Release (Exhibit 99).

Item 7.  Financial Statements and Exhibits

         (c)      Exhibits

                  99       Press Release dated March 18, 1998

                                       2
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:  March 18, 1998

                                   MUSICLAND STORES CORPORATION
                                           (Registrant)

                                   By:  /s/ Keith A. Benson
                                      -----------------------  
                                          Keith A. Benson
                               Vice Chairman and Chief Financial Officer

                                       3
EXHIBIT INDEX

                                                        Page No. in Sequentially
Exhibit          Description of Exhibit                     Numbered Copy
-------          ----------------------                 ------------------------

  99             Press Release dated March 18, 1998                5
 

                                       4