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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): March 16, 2009</B>

<P align="center" style="font-size: 10pt"><IMG src="c82758p8275801.jpg" alt="(LOGO)">

<P align="center" style="font-size: 24pt"><B>WALGREEN CO.<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

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    <TD style="border-bottom: 1px solid #000000"><B>Illinois</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>1-604</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>36-1924025</B></TD>
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<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>200 Wilmot Road<BR>Deerfield, Illinois<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>60015</B></TD>
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<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
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<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(847) 914-2500</B>


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    <TD nowrap>(Former name or former address if changed since last report.)</TD>
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<P align="left" style="font-size: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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    <TD width="3%" nowrap align="left"><B>Item&nbsp;5.02</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.</B></TD>
</TR>

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<P align="left" style="font-size: 10pt; text-indent: 3%">The Board of Directors of Walgreen Co. (the <B>&#147;Company&#148;</B>) elected Steven A. Davis to the Board effective March&nbsp;16,
2009 to hold office until the Company&#146;s 2010 annual meeting of shareholders.


<P align="left" style="font-size: 10pt; text-indent: 3%">Mr.&nbsp;Davis, age 50, is Chairman and Chief Executive Officer of Bob Evans Farms, Inc. He has served as Chief
Executive Officer since May&nbsp;2006 and as Chairman since September&nbsp;2006. Before joining Bob Evans, Mr.&nbsp;Davis served as
President of Long John Silver&#146;s and A&#038;W All-American Food Restaurants (Yum! Brands) from 2002 to 2006 and as Senior
Vice President and General Manager of Pizza Hut, Inc. (Yum! Brands) from 1993 to 2002.


<P align="left" style="font-size: 10pt; text-indent: 3%">Mr.&nbsp;Davis is a director and a member of the audit committee of Embarq Corporation, a New York Stock Exchange
listed company.


<P align="left" style="font-size: 10pt; text-indent: 3%">On March&nbsp;16, 2009, the Company issued a press release announcing Mr.&nbsp;Davis&#146;s election. A copy of the press
release is furnished as Exhibit&nbsp;99.1 to this current report and is incorporated herein by reference.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.01&nbsp;&nbsp; Financial Statements and Exhibits.</B>


<P align="left" style="font-size: 10pt">(d)&nbsp;The following exhibit is being furnished as part of this Form 8-K:

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    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Exhibit Title</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release issued by Walgreen Co. on March&nbsp;16, 2009.</TD>
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<P align="center" style="font-size: 10pt">&nbsp;<B>SIGNATURE</B>


&nbsp;

<P align="left" style="font-size: 10pt; text-indent: 3%">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.

&nbsp;
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    <TD nowrap align="left" colspan="3"><B>WALGREEN CO.</B></TD>
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<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;Date: March&nbsp;18, 2009
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;/s/ Dana I. Green</TD>
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&nbsp;</DIV></TD>
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    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
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&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: Dana I. Green</TD>
</TR>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: Senior Vice President, General Counsel
and Secretary</TD>
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<P align="center" style="font-size: 10pt">&nbsp;<BR>



2
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<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


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<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Exhibit Title</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release issued by Walgreen Co. on March&nbsp;16, 2009.</TD>
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Form 8-K
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): March 16, 2009
WALGREEN CO.
(Exact name of registrant as specified in its charter)
Illinois
1-604
36-1924025
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
200 Wilmot Road
Deerfield, Illinois
60015
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(847) 914-2500
(Former name or former address if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
The Board of Directors of Walgreen Co. (the
"Company"
) elected Steven A. Davis to the Board effective March 16,
2009 to hold office until the Company's 2010 annual meeting of shareholders.
Mr. Davis, age 50, is Chairman and Chief Executive Officer of Bob Evans Farms, Inc. He has served as Chief
Executive Officer since May 2006 and as Chairman since September 2006. Before joining Bob Evans, Mr. Davis served as
President of Long John Silver's and A&W All-American Food Restaurants (Yum! Brands) from 2002 to 2006 and as Senior
Vice President and General Manager of Pizza Hut, Inc. (Yum! Brands) from 1993 to 2002.
Mr. Davis is a director and a member of the audit committee of Embarq Corporation, a New York Stock Exchange
listed company.
On March 16, 2009, the Company issued a press release announcing Mr. Davis's election. A copy of the press
release is furnished as Exhibit 99.1 to this current report and is incorporated herein by reference.
Item 9.01   Financial Statements and Exhibits.
(d) The following exhibit is being furnished as part of this Form 8-K:
Exhibit Number
Exhibit Title
99.1
Press Release issued by Walgreen Co. on March 16, 2009.
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.
WALGREEN CO.
Date: March 18, 2009
By:
/s/ Dana I. Green
Name: Dana I. Green
Title: Senior Vice President, General Counsel
and Secretary
2
EXHIBIT INDEX
Exhibit Number
Exhibit Title
99.1
Press Release issued by Walgreen Co. on March 16, 2009.
3