UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 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):         JUNE 6, 2001


                                  SELECT COMFORT CORPORATION
                    (Exact name of registrant as specified in its charter)


        MINNESOTA                           0-25121              41-1597886
(State of Incorporation)            (Commission File             (IRS Employer
                                            Number)          Identification No.)


        6105 TRENTON LANE NORTH
        MINNEAPOLIS, MINNESOTA                                   55442
        (Address of principal                                    (Zip Code)
               executive offices)


Registrant's telephone number, including area code: (763) 551-7000





<PAGE>


ITEM 9.  REGULATION FD DISCLOSURE.

        On June 6, 2001, the registrant issued a press release, as follows:

FOR IMMEDIATE RELEASE

FOR MORE INFORMATION:
Mark Kimball
Select Comfort
763/551-7070
mark.kimball@selectcomfort.com

   SELECT COMFORT SECURES FINANCING, REINFORCES IMPROVED OPERATING PERFORMANCE

MINNEAPOLIS (June 6, 2001) - Select Comfort Corporation (NASDAQ: SCSS) announced
today that it has  secured  commitments  for $11 million of  financing  and will
complete  funding of the  transaction  on  Thursday,  June 7. The  company  also
reemphasized  its  expectation  to be profitable in the second half of the year,
with strong  progress being made in operating  performance to date in the second
quarter.

"This financing, together with the aggressive cost-reduction and cash-management
measures  we've  implemented  over the past year,  provides  us with  sufficient
working  capital to meet our operating and  business-building  needs," said Bill
McLaughlin,  president and CEO of Select Comfort.  "We expect our cost-reduction
efforts to yield $35 million of annualized savings, lowering our breakeven point
by approximately 17 percent.  All of these efforts are proceeding on target, and
some are ahead of schedule,  positioning us well to achieve profitability in the
second half of 2001."

In April, the company announced plans to raise $10 million to $12 million from a
private  placement  of  convertible  notes  and  warrants.  As a result  of this
financing,  the company will issue $11 million in notes  convertible into common
stock at $1.00 per share  together with warrants to purchase an aggregate of 4.4
million shares at $1.00 per share.  The notes bear interest at eight percent per
annum,  mature in five  years,  are  secured by the  company's  assets,  and are
convertible at the option of the investors  into shares of the company's  common
stock.

The company also commented that second  quarter  operating  results are on track
with  expectations,  and should  reflect a  significant  improvement  over first
quarter 2001 and second

                                       2
<PAGE>

quarter 2000. "In spite of a slowing economy, our sales remain steady and we are
realizing the benefits of our cost reduction measures," said McLaughlin.  "We're
pleased  with the positive  momentum of our  business,  and with the  increasing
awareness  of our  SLEEP  NUMBER(R)  bed,  which has been  clinically  proven to
improve sleep and relieve back pain."

The  company  further  noted that it plans to release its results for the second
quarter  on  July  12,  and  that  it has  rescheduled  its  annual  meeting  of
shareholders to July 17, 2001.

SELECT COMFORT
Founded  in 1987,  Select  Comfort  is a leader in sleep  solutions  technology,
holding 27 U.S. issued or pending patents for its products. The company designs,
manufactures and markets a line of adjustable-firmness mattresses, including the
Sleep Number bed, as well as foundations and sleep accessories. Select Comfort's
products are sold through its 327 retail stores located nationwide, including 24
leased  departments  in Bed Bath  Beyond  stores;  through its  national  direct
marketing operations; and on the Internet at www.selectcomfort.com.

                                       ###

    Statements  used in this press release that relate to future plans,  events,
financial results or performance are forward-looking statements as defined under
the   Private   Securities   Litigation   Reform  Act  of  1995.   Some  of  the
forward-looking  statements in this press  release  relate to the success of our
turn-around strategy,  including in particular our ability to continue to reduce
our costs, the success of our Sleep Number  marketing and advertising  campaign,
and our ability to expand profitable distribution of our products. Actual plans,
events,  results and performance may differ materially from those anticipated as
a result of certain risks and uncertainties, including but not limited to:
o    The company's ability to create product and brand name awareness.
o    The  efficiency   and   effectiveness   of  the  company's   marketing  and
     advertising.
o    The  ability  of the  company to  effectively  and  efficiently  pursue new
     channels of distribution.
o    The performance of the company's existing and new stores.
o    The  ability of the  company to realize  the  benefits  of its cost  saving
     initiatives.
o    The levels of consumer acceptance of the company's product lines.
o    The ability of the company to  continuously  improve its  existing  product
     lines and to introduce new products.
o    The  ability  of the  company  to  efficiently  implement  nationwide  home
     delivery and assembly.
o    Economic trends and consumer confidence.
o    Industry competition.

                                       3
<PAGE>

o    The risks and  uncertainties  detailed  from time to time in the  company's
     filings with the SEC,  including the  company's  Annual Report on Form 10-K
     and other periodic reports filed with the SEC.

    The  company  has no  obligation  to  publicly  update or revise  any of the
forward-looking statements that may be in this news release.




                                   SIGNATURES

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.

                                                   SELECT COMFORT CORPORATION
                                                   (Registrant)


Dated:  June 7, 2001                        By            /s/ Mark A. Kimball
                                              ----------------------------------

                                                   Title: Senior Vice President
                                                         -----------------------






















                                       4
<PAGE>
[{"type": "8-K", "sequence": "1", "filename": "form8kfinancing.txt", "description": "FINANCING PRESS RELEASE", "secsgml_size_bytes": 7118}]
{"company-data": {"conformed-name": "SELECT COMFORT CORP", "cik": "0000827187", "assigned-sic": "2510", "irs-number": "410157886", "state-of-incorporation": "MN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-25121", "film-number": "1655897"}, "business-address": {"street1": "6105 TRENTON LANE NORTH", "city": "MINNEAPOLIS", "state": "MN", "zip": "55344", "phone": "7635517000"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 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):         JUNE 6, 2001

                                  SELECT COMFORT CORPORATION
                    (Exact name of registrant as specified in its charter)

        MINNESOTA                           0-25121              41-1597886
(State of Incorporation)            (Commission File             (IRS Employer
                                            Number)          Identification No.)

        6105 TRENTON LANE NORTH
        MINNEAPOLIS, MINNESOTA                                   55442
        (Address of principal                                    (Zip Code)
               executive offices)

Registrant's telephone number, including area code: (763) 551-7000
ITEM 9.  REGULATION FD DISCLOSURE.

        On June 6, 2001, the registrant issued a press release, as follows:

FOR IMMEDIATE RELEASE

FOR MORE INFORMATION:
Mark Kimball
Select Comfort
763/551-7070
mark.kimball@selectcomfort.com

   SELECT COMFORT SECURES FINANCING, REINFORCES IMPROVED OPERATING PERFORMANCE

MINNEAPOLIS (June 6, 2001) - Select Comfort Corporation (NASDAQ: SCSS) announced
today that it has  secured  commitments  for $11 million of  financing  and will
complete  funding of the  transaction  on  Thursday,  June 7. The  company  also
reemphasized  its  expectation  to be profitable in the second half of the year,
with strong  progress being made in operating  performance to date in the second
quarter.

"This financing, together with the aggressive cost-reduction and cash-management
measures  we've  implemented  over the past year,  provides  us with  sufficient
working  capital to meet our operating and  business-building  needs," said Bill
McLaughlin,  president and CEO of Select Comfort.  "We expect our cost-reduction
efforts to yield $35 million of annualized savings, lowering our breakeven point
by approximately 17 percent.  All of these efforts are proceeding on target, and
some are ahead of schedule,  positioning us well to achieve profitability in the
second half of 2001."

In April, the company announced plans to raise $10 million to $12 million from a
private  placement  of  convertible  notes  and  warrants.  As a result  of this
financing,  the company will issue $11 million in notes  convertible into common
stock at $1.00 per share  together with warrants to purchase an aggregate of 4.4
million shares at $1.00 per share.  The notes bear interest at eight percent per
annum,  mature in five  years,  are  secured by the  company's  assets,  and are
convertible at the option of the investors  into shares of the company's  common
stock.

The company also commented that second  quarter  operating  results are on track
with  expectations,  and should  reflect a  significant  improvement  over first
quarter 2001 and second

                                       2
quarter 2000. "In spite of a slowing economy, our sales remain steady and we are
realizing the benefits of our cost reduction measures," said McLaughlin.  "We're
pleased  with the positive  momentum of our  business,  and with the  increasing
awareness  of our  SLEEP  NUMBER(R)  bed,  which has been  clinically  proven to
improve sleep and relieve back pain."

The  company  further  noted that it plans to release its results for the second
quarter  on  July  12,  and  that  it has  rescheduled  its  annual  meeting  of
shareholders to July 17, 2001.

SELECT COMFORT
Founded  in 1987,  Select  Comfort  is a leader in sleep  solutions  technology,
holding 27 U.S. issued or pending patents for its products. The company designs,
manufactures and markets a line of adjustable-firmness mattresses, including the
Sleep Number bed, as well as foundations and sleep accessories. Select Comfort's
products are sold through its 327 retail stores located nationwide, including 24
leased  departments  in Bed Bath  Beyond  stores;  through its  national  direct
marketing operations; and on the Internet at www.selectcomfort.com.

                                       ###

    Statements  used in this press release that relate to future plans,  events,
financial results or performance are forward-looking statements as defined under
the   Private   Securities   Litigation   Reform  Act  of  1995.   Some  of  the
forward-looking  statements in this press  release  relate to the success of our
turn-around strategy,  including in particular our ability to continue to reduce
our costs, the success of our Sleep Number  marketing and advertising  campaign,
and our ability to expand profitable distribution of our products. Actual plans,
events,  results and performance may differ materially from those anticipated as
a result of certain risks and uncertainties, including but not limited to:
o    The company's ability to create product and brand name awareness.
o    The  efficiency   and   effectiveness   of  the  company's   marketing  and
     advertising.
o    The  ability  of the  company to  effectively  and  efficiently  pursue new
     channels of distribution.
o    The performance of the company's existing and new stores.
o    The  ability of the  company to realize  the  benefits  of its cost  saving
     initiatives.
o    The levels of consumer acceptance of the company's product lines.
o    The ability of the company to  continuously  improve its  existing  product
     lines and to introduce new products.
o    The  ability  of the  company  to  efficiently  implement  nationwide  home
     delivery and assembly.
o    Economic trends and consumer confidence.
o    Industry competition.

                                       3
o    The risks and  uncertainties  detailed  from time to time in the  company's
     filings with the SEC,  including the  company's  Annual Report on Form 10-K
     and other periodic reports filed with the SEC.

    The  company  has no  obligation  to  publicly  update or revise  any of the
forward-looking statements that may be in this news release.

                                   SIGNATURES

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.

                                                   SELECT COMFORT CORPORATION
                                                   (Registrant)

Dated:  June 7, 2001                        By            /s/ Mark A. Kimball
                                              ----------------------------------

                                                   Title: Senior Vice President
                                                         -----------------------

                                       4