SECURITIES AND EXCHANGE COMMISSION

                          Washington, D.C.  20549

                                FORM 8-K

                              CURRENT REPORT 


                    Pursuant to Section 13 or 15(d) of
                  the Securities and Exchange Act of 1934



Date of Report (Date of earliest event reported): December 30, 1997

                         Microware Systems Corporation
               (Exact name of registrant as specified in its charter)




          Iowa                   0-27988                 42-1073916
(State or other jurisdiction   (Commission           (I.R.S. Employer
        of incorporation)       File number)          Identification No.)



1500 Northwest 118th Street, Des Moines, IA                  50325
(Address of principal executive offices)                   (Zip Code)

<PAGE>

Item 2.     Acquisition or Disposition of Assets

     On December 30, 1997, the Company, through a newly organized wholly-owned
subsidiary, Microware Systems Corporate Park, Inc., executed a promissory note
with GMAC Commercial Mortgage Corporation in the amount of $7,000,000.00 
secured by the Company's corporate headquarters facility and associated real 
estate at 1500 N.W. 118th Street, Des Moines, Iowa 50325.  The Company 
established Microware Systems Corporate Park, Inc. in connection with this 
financing transaction for the sole purpose, as provided in the subsidiary's 
articles of incorporation, of holding the property subject to the mortgage.


Item 7.     Financial Statements and Exhibits.

            (c) Exhibits.

                 10.1  Promissory Note of Microware Systems Corporate Park,
                       Inc. dated December 30, 1997

                 10.2  Mortgage, Assignment of Rents and Security Agreement
                       between Microware Systems Corporate Park, Inc. and GMAC
                       Commercial Mortgage Corporation dated December 30, 1997



                                  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 thereunto duly authorized.


Dated: January 14, 1998       MICROWARE SYSTEMS CORPORATION


                              By: /s/Kent R. Kelderman
                                  Name: Kent R. Kelderman
                                  Title: Executive Vice President and 
                                         Chief Financial Officer


<PAGE>

                               EXHIBIT INDEX



Exhibit
Number            Description of Document                           Page 

10.1              Promissory Note between the Company and GMAC Commercial
                  Mortgage Corporation dated December 30, 1997


10.2              Mortgage, Assignment of Rents and Security Agreement
                  between the Company and GMAC Commercial Mortgage
                  Corporation dated December 30, 1997
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 2971}]
{"company-data": {"conformed-name": "MICROWARE SYSTEMS CORP", "cik": "0001003383", "assigned-sic": "7372", "irs-number": "421073916", "state-of-incorporation": "IA", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27988", "film-number": "98506660"}, "business-address": {"street1": "1500 N.W. 118TH STREET", "city": "DES MOINES", "state": "IA", "zip": "50325", "phone": "515-223-8000"}, "mail-address": {"street1": "1500 N.W. 118TH STREET", "city": "DES MOINES", "state": "IA", "zip": "50325"}}
SECURITIES AND EXCHANGE COMMISSION

                          Washington, D.C.  20549

                                FORM 8-K

                              CURRENT REPORT 

                    Pursuant to Section 13 or 15(d) of
                  the Securities and Exchange Act of 1934

Date of Report (Date of earliest event reported): December 30, 1997

                         Microware Systems Corporation
               (Exact name of registrant as specified in its charter)

          Iowa                   0-27988                 42-1073916
(State or other jurisdiction   (Commission           (I.R.S. Employer
        of incorporation)       File number)          Identification No.)

1500 Northwest 118th Street, Des Moines, IA                  50325
(Address of principal executive offices)                   (Zip Code)
Item 2.     Acquisition or Disposition of Assets

     On December 30, 1997, the Company, through a newly organized wholly-owned
subsidiary, Microware Systems Corporate Park, Inc., executed a promissory note
with GMAC Commercial Mortgage Corporation in the amount of $7,000,000.00 
secured by the Company's corporate headquarters facility and associated real 
estate at 1500 N.W. 118th Street, Des Moines, Iowa 50325.  The Company 
established Microware Systems Corporate Park, Inc. in connection with this 
financing transaction for the sole purpose, as provided in the subsidiary's 
articles of incorporation, of holding the property subject to the mortgage.

Item 7.     Financial Statements and Exhibits.

            (c) Exhibits.

                 10.1  Promissory Note of Microware Systems Corporate Park,
                       Inc. dated December 30, 1997

                 10.2  Mortgage, Assignment of Rents and Security Agreement
                       between Microware Systems Corporate Park, Inc. and GMAC
                       Commercial Mortgage Corporation dated December 30, 1997

                                  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 thereunto duly authorized.

Dated: January 14, 1998       MICROWARE SYSTEMS CORPORATION

                              By: /s/Kent R. Kelderman
                                  Name: Kent R. Kelderman
                                  Title: Executive Vice President and 
                                         Chief Financial Officer
EXHIBIT INDEX

Exhibit
Number            Description of Document                           Page 

10.1              Promissory Note between the Company and GMAC Commercial
                  Mortgage Corporation dated December 30, 1997

10.2              Mortgage, Assignment of Rents and Security Agreement
                  between the Company and GMAC Commercial Mortgage
                  Corporation dated December 30, 1997