content: SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
                      Filed pursuant to Section 13 or 15(d) of
                         THE SECURITIES EXCHANGE ACT OF 1934
  
                                    July 22, 1998
                           Date of Earliest Event Reported
  
  
  
                                   COMDISCO, INC.
                              (a Delaware Corporation)
                                6111 North River Road
                              Rosemont, Illinois 60018
                              Telephone (847) 698-3000
                            Commission file number 1-7725
                  I.R.S. Employer Identification Number 36-2687938
  
  
  
  
  
  
                                        -1-
  <PAGE>
  
  
  
  
  
  
  
  Item 5   Other Events
  
       On July 22,  1998  Comdisco,  Inc.  announced  third  quarter  fiscal  1998
       operating results.
  
  Item 7   Financial Statements and Exhibits
  
  (c)      Exhibits
  
  99       Consolidated Statements of Earnings For the Three and Nine Months Ended
           June 30, 1998 and 1997
  
                                        -2-
  <PAGE>
  
  SIGNATURES
  
  Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
  registrant  has duly caused this Current  Report on Form 8-K to be signed on its
  behalf by the undersigned hereunto duly authorized.
  
  
  
                                                                COMDISCO, INC.
  
  
  
  Date: July 22, 1998                         by:      /s/David J. Keenan
                                                       David J. Keenan
                                                       Senior Vice President
                                                       and Controller
  
                                        -3-
  
  <PAGE>
  
  
  
  Comdisco, Inc. and Subsidiaries
  Consolidated Statements of Earnings
  For the Three and Nine Months Ended June 30, 1998 and 1997  
  (Dollars in millions except per share data) 
  <TABLE>
   <CAPTION>
  
  
                                                        Three months         %      Nine months              %
                                                        ended June 30,      +/-     ended June 30,          +/-
                                                     1998      1997                  1998       1997
                                                   ------      ----        ----    ------     ------        ----
  <S>                                              <C>         <C>         <C>     <C>        <C>           <C>   
  Revenue
     Leasing
      Operating ...............................    $  483      $415         16%    $1,386     $1,207         15%
      Direct financing ........................        41        36         14%       122        108         13%
      Sales-type ..............................        69        89        -22%       231        221          5%
                                                   ------      ----        ----    ------     ------        ----
      Total leasing ...........................       593       540         10%     1,739      1,536         13%
  
     Sales ....................................       106        68         56%       241        173         39%
     Continuity and network services ..........       107        91         18%       321        260         23%
     Other <F1>................................        11        13        -15%        37         66        -44%
                                                   ------      ----        ----    ------     ------        ----
      Total revenue ...........................       817       712         15%     2,338      2,035         15%
                                                   ------      ----        ----    ------     ------        ----
  
  Costs and expenses
     Leasing
      Operating ...............................       390       332         17%     1,114        953         17%
      Sales-type ..............................        43        62        -31%       149        151         -1%
                                                   ------      ----        ----    ------     ------        ----
       Total leasing ..........................       433       394         10%     1,263      1,104         14%
  
     Sales ....................................        88        51         73%       202        130         55%
     Continuity and network services ..........        91        76         20%       267        218         22%
     Selling, general and administrative ......        62        61          2%       185        181          2%
     Interest .................................        81        75          8%       245        221         11%
     Other <F2>................................        --        --         N/A        --         25        N/A
                                                   ------      ----        ----    ------     ------        ----
      Total costs and expenses ................       755       657         15%     2,162      1,879         15%
                                                   ------      ----        ----    ------     ------        ----
  
  Earnings before income taxes ................        62        55         13%       176        156         13%
  Income taxes ................................        22        21          5%        63         59          7%
                                                   ------      ----        ----    ------     ------        ----
  Net earnings before preferred dividends .....        40        34         18%       113         97         16%
  Preferred dividends .........................        --        (2)       N/A%        (2)        (6)       -67%
                                                   ------      ----        ----    ------     ------        ----
  Net earnings available to common stockholders    $   40      $ 32         25%    $  111     $   91         22%
                                                   ======      ====        ====    ======     ======        ====
  
  Retained earnings at beginning of period ....    $1,029      $908                $  965     $  856
  Net earnings available to common stockholders        40        32                   111         91
  Cash dividends paid on common stock .........        (5)       (4)                  (12)       (11)
                                                   ------      ----                ------     ------
  Retained earnings at end of period ..........    $1,064      $936                $1,064     $  936
                                                   ======      ====                ======     ======
  
  Net earnings per common share:
    Earnings per common share--basic ..........    $  .26      $.21         24%    $  .73     $  .61        20%
                                                   ======      ====         ===    ======     ======        ===
    Earnings per common share--diluted.........    $  .24      $.20         20%    $  .68     $  .57        19%
                                                   ======      ====         ===    ======     ======        ===
  
  Common shares outstanding:
    Average common shares outstanding--basic...       153      148                    151        147
                                                   ======      ====                ======     ======
    Average common shares outstanding--diluted.       164      158                    163        157
                                                   ======      ====                ======     ======
  
  <FN>
  
    <F1>  Other  revenue in the second  quarter of fiscal 1997  includes a gain of
          $25 million,  ($16  million  after-tax,  or $.10 per common  share) as a
          result of amounts received in settlement of litigation.
  
    <F2>  In the second quarter of fiscal 1997,  the Company  recorded a non-cash,
          non-operating charge of $25 million, ($16 million after-tax, or $.10 per
          common  share)  as a  one  time  addition  to  the  equipment  valuation
          allowance.
  </FN>
  
  </TABLE>
  
                                        -4-
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "CURRENT REPORT", "secsgml_size_bytes": 8134}]
metadata_filer: {"company-data": {"conformed-name": "COMDISCO INC", "cik": "0000722487", "assigned-sic": "7377", "irs-number": "362687938", "state-of-incorporation": "DE", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-07725", "film-number": "98669851"}, "business-address": {"street1": "6111 N RIVER RD", "city": "ROSEMONT", "state": "IL", "zip": "60018", "phone": "8476983000"}, "mail-address": {"street1": "6111 NOTH RIVER ROAD", "street2": "6111 NOTH RIVER ROAD", "city": "ROSEMONT", "state": "IL", "zip": "60018"}}
text: SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
                      Filed pursuant to Section 13 or 15(d) of
                         THE SECURITIES EXCHANGE ACT OF 1934
  
                                    July 22, 1998
                           Date of Earliest Event Reported
  
                                   COMDISCO, INC.
                              (a Delaware Corporation)
                                6111 North River Road
                              Rosemont, Illinois 60018
                              Telephone (847) 698-3000
                            Commission file number 1-7725
                  I.R.S. Employer Identification Number 36-2687938
  
                                        -1-
  Item 5   Other Events
  
       On July 22,  1998  Comdisco,  Inc.  announced  third  quarter  fiscal  1998
       operating results.
  
  Item 7   Financial Statements and Exhibits
  
  (c)      Exhibits
  
  99       Consolidated Statements of Earnings For the Three and Nine Months Ended
           June 30, 1998 and 1997
  
                                        -2-
  SIGNATURES
  
  Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
  registrant  has duly caused this Current  Report on Form 8-K to be signed on its
  behalf by the undersigned hereunto duly authorized.
  
                                                                COMDISCO, INC.
  
  Date: July 22, 1998                         by:      /s/David J. Keenan
                                                       David J. Keenan
                                                       Senior Vice President
                                                       and Controller
  
                                        -3-
  Comdisco, Inc. and Subsidiaries
  Consolidated Statements of Earnings
  For the Three and Nine Months Ended June 30, 1998 and 1997  
  (Dollars in millions except per share data)
  Three months         %      Nine months              %
                                                        ended June 30,      +/-     ended June 30,          +/-
                                                     1998      1997                  1998       1997
                                                   ------      ----        ----    ------     ------        ----
  Revenue
     Leasing
      Operating ...............................    $  483      $415         16%    $1,386     $1,207         15%
      Direct financing ........................        41        36         14%       122        108         13%
      Sales-type ..............................        69        89        -22%       231        221          5%
                                                   ------      ----        ----    ------     ------        ----
      Total leasing ...........................       593       540         10%     1,739      1,536         13%
  
     Sales ....................................       106        68         56%       241        173         39%
     Continuity and network services ..........       107        91         18%       321        260         23%
     Other
  ................................        11        13        -15%        37         66        -44%
                                                   ------      ----        ----    ------     ------        ----
      Total revenue ...........................       817       712         15%     2,338      2,035         15%
                                                   ------      ----        ----    ------     ------        ----
  
  Costs and expenses
     Leasing
      Operating ...............................       390       332         17%     1,114        953         17%
      Sales-type ..............................        43        62        -31%       149        151         -1%
                                                   ------      ----        ----    ------     ------        ----
       Total leasing ..........................       433       394         10%     1,263      1,104         14%
  
     Sales ....................................        88        51         73%       202        130         55%
     Continuity and network services ..........        91        76         20%       267        218         22%
     Selling, general and administrative ......        62        61          2%       185        181          2%
     Interest .................................        81        75          8%       245        221         11%
     Other
  ................................        --        --         N/A        --         25        N/A
                                                   ------      ----        ----    ------     ------        ----
      Total costs and expenses ................       755       657         15%     2,162      1,879         15%
                                                   ------      ----        ----    ------     ------        ----
  
  Earnings before income taxes ................        62        55         13%       176        156         13%
  Income taxes ................................        22        21          5%        63         59          7%
                                                   ------      ----        ----    ------     ------        ----
  Net earnings before preferred dividends .....        40        34         18%       113         97         16%
  Preferred dividends .........................        --        (2)       N/A%        (2)        (6)       -67%
                                                   ------      ----        ----    ------     ------        ----
  Net earnings available to common stockholders    $   40      $ 32         25%    $  111     $   91         22%
                                                   ======      ====        ====    ======     ======        ====
  
  Retained earnings at beginning of period ....    $1,029      $908                $  965     $  856
  Net earnings available to common stockholders        40        32                   111         91
  Cash dividends paid on common stock .........        (5)       (4)                  (12)       (11)
                                                   ------      ----                ------     ------
  Retained earnings at end of period ..........    $1,064      $936                $1,064     $  936
                                                   ======      ====                ======     ======
  
  Net earnings per common share:
    Earnings per common share--basic ..........    $  .26      $.21         24%    $  .73     $  .61        20%
                                                   ======      ====         ===    ======     ======        ===
    Earnings per common share--diluted.........    $  .24      $.20         20%    $  .68     $  .57        19%
                                                   ======      ====         ===    ======     ======        ===
  
  Common shares outstanding:
    Average common shares outstanding--basic...       153      148                    151        147
                                                   ======      ====                ======     ======
    Average common shares outstanding--diluted.       164      158                    163        157
                                                   ======      ====                ======     ======
  Other  revenue in the second  quarter of fiscal 1997  includes a gain of
          $25 million,  ($16  million  after-tax,  or $.10 per common  share) as a
          result of amounts received in settlement of litigation.
  In the second quarter of fiscal 1997,  the Company  recorded a non-cash,
          non-operating charge of $25 million, ($16 million after-tax, or $.10 per
          common  share)  as a  one  time  addition  to  the  equipment  valuation
          allowance.
  -4-