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):  April 2, 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
















                                Total of 5 Pages
                       Exhibit Index Located on Pages 4-5


                                       1
<PAGE>




Item 5.  Other Events.


         On April 2, 1998 the  Registrant and its wholly owned  subsidiary,  The
Musicland Group,  Inc. issued a notice  persuant to Rule 135c. of the Securities
Act  of  1933  of  the  placement  of   $150,000,000  of  9 7/8  percent  Senior
Subordinated Notes due March 15, 2008, at a purchase  price of 99.211 percent of
face value. See attached Press Release (Exhibit 99).


Item 7.  Financial Statements and Exhibits


         (c)      Exhibits

                  99       Press Release dated April 2, 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.

Date:  April 2, 1998

                                             MUSICLAND STORES CORPORATION
                                                    (Registrant)

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


                                       2
<PAGE>





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


                                                       Page No. in Sequentially
Exhibit        Description of Exhibit                         Numbered Copy
-------        ----------------------                  ------------------------ 
  99           Press Release dated April 2, 1998                 4-5
----                                                  -         ----



                                       3
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 2937}]
{"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": "98586206"}, "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):  April 2, 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

                                Total of 5 Pages
                       Exhibit Index Located on Pages 4-5

                                       1
Item 5.  Other Events.

         On April 2, 1998 the  Registrant and its wholly owned  subsidiary,  The
Musicland Group,  Inc. issued a notice  persuant to Rule 135c. of the Securities
Act  of  1933  of  the  placement  of   $150,000,000  of  9 7/8  percent  Senior
Subordinated Notes due March 15, 2008, at a purchase  price of 99.211 percent of
face value. See attached Press Release (Exhibit 99).

Item 7.  Financial Statements and Exhibits

         (c)      Exhibits

                  99       Press Release dated April 2, 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.

Date:  April 2, 1998

                                             MUSICLAND STORES CORPORATION
                                                    (Registrant)

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

                                       2
EXHIBIT INDEX
                                  ------------- 

                                                       Page No. in Sequentially
Exhibit        Description of Exhibit                         Numbered Copy
-------        ----------------------                  ------------------------ 
  99           Press Release dated April 2, 1998                 4-5
----                                                  -         ----

                                       3