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
  
                                  November 5, 1997
                           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 November 5, 1997, Comdisco, Inc announced fourth quarter and fiscal year 1997
  operating results.
  
  Item 7   Financial Statements and Exhibits
  
  (c)      Exhibits
  
  99.1       Safe Harbor Statement
  
  99.2       Consolidated Statements of Earnings For the Three and Twelve Months
             ended September 30, 1997 and   1996
  
                                        -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: November 5, 1997                                by:     /s/David J. Keenan
                                                                ------------------
                                                                   David J. Keenan
                                                                    Vice President
                                                                    and Controller
  
  
                                        -3-
  <PAGE>
  
  
                                                                      Exhibit 99.1
  
  SAFE HARBOR:
  The news release dated November 5, 1997, contains forward-looking  statements as
  to which Comdisco  intends to have the benefit of the safe harbor created by the
  Private  Securities  Litigation Reform Act of 1995. While these  forward-looking
  statements  are based on  assumptions  believed by Comdisco to be reasonable and
  reflect  Comdisco's  current  expectations  as to future  events  and  financial
  performance,  they are  subject to  important  factors  relating  to  Comdisco's
  operations  and  business  environment  which may cause the  actual  results  of
  Comdisco to be materially different from any future results expressed or implied
  by such  forward-looking  statements.  Examples of such factors include, but are
  not limited to, the volume of New Leases,  fair market value volatility in large
  systems,  changes in customer demand and  requirements,  financial mix of leases
  written,  new product  announcements,  interest rate fluctuations,  competition,
  including  competition from other technology  service  providers,  reductions in
  technology  budgets and related spending plans and price  competition from other
  technology service providers.  The growth in leasing volume during the last five
  fiscal  quarters has  increased  the  proportion  of leases for new equipment to
  total leases. New Leases  traditionally  have lower earnings  contributions than
  leases for remarketed equipment.  Accordingly,  the increase in lease volume has
  put  pressure  on leasing  margins.  The  financial  mix of leases  written in a
  quarter is a result of a combination of factors,  including, but not limited to,
  changes in customer  demands  and/or  requirements,  new product  announcements,
  price changes,  changes in delivery dates,  changes in maintenance  policies and
  the pricing  policies of equipment  manufacturers,  and price  competition  from
  other lessors.  Comdisco  undertakes no obligation to publicly  update or revise
  any  forward-looking  statements whether as a result of new information,  future
  events or otherwise.
  
  
   
  
                                        -4-
  <PAGE>
  
                                                                      Exhibit 99.2
  
  Comdisco, Inc. and Subsidiaries
  Consolidated Statements of Earnings
  For the Three and Twelve  Months Ended  September  30, 1997 and 1996
  (Dollars in millions except per share data)
  <TABLE>
  <CAPTION>
  
                                                                Three months ended       %         Twelve months ended      %
                                                                   September 30,       +/-           September 30,       +/-
                                                                   1997       1996                 1997        1996
                                                                -------    -------    -------    -------    -------    -------
  <S>                                                           <C>        <C>            <C>   <C>         <C>           <C>
  
  Revenue
     Leasing:
      Operating .............................................   $   428    $   370         16%   $ 1,635    $ 1,365         20%
      Direct financing ......................................        37         33         12%       145        149         -3%
      Sales-type ............................................       115        140        -18%        336       283         19%
                                                                -------    -------    -------    -------    -------    -------
                   Total leasing ............................       580        543          7%     2,116      1,797         18%
  
     Sales ..................................................        96         83         16%       269        262          3%
     Continuity and network services ........................        94         87          8%       354        318         11%
     Other <F1>..............................................        14         15         -7         80         54         48%
                                                                -------    -------    -------    -------    -------    -------
          Total revenue .....................................       784        728          8%     2,819      2,431         16%
                                                                -------    -------    -------    -------    -------    -------
  
  Costs and expenses
     Leasing:
      Operating .............................................       344        287         20%     1,297      1,037         25%
      Sales-type ............................................        86        112        -23%       237        209         13%
                                                                -------    -------    -------    -------    -------    -------
                   Total leasing ............................       430        399          8%     1,534      1,246         23%
  
     Sales ..................................................        80         73         10%       210        218        - 4%
     Continuity and network services ........................        78         76          3%       296        277          7%
     Selling, general and administrative ....................        63         64         -2%       244        244          0%
     Interest ...............................................        78         68         15%       299        262         14%
     Other  <F2>.............................................        --         --        N/A         25         --        N/A
                                                                -------    -------    -------    -------    -------    -------
         Total costs and expenses ...........................       729        680          7%     2,608      2,247         16%
                                                                -------    -------    -------    -------    -------    -------
  
  Earnings before income taxes ..............................        55         48         15%       211        184         15%
  Income taxes ..............................................        21         18         17%        80         70         14%
                                                                -------    -------    -------    -------    -------    -------
  Net earnings before preferred dividends ...................        34         30         13%       131        114         15%
  Preferred dividends .......................................        (2)        (2)         0%        (8)        (8)         0%
                                                                -------    -------    -------    -------    -------    -------
  Net earnings available to common stockholders .............   $    32    $    28         14%   $   123    $   106         16%
                                                                =======    =======    =======    =======    =======    =======
  
  Retained earnings at beginning of period ..................   $   936    $   831               $   856    $   764
  Net earnings available to common stockholders .............        32         28                   123        106
  Cash dividends paid on common stock .......................        (3)        (3)                  (14)       (14)
                                                                -------    -------               -------    -------
  Retained earnings at end of period ........................   $   965    $   856               $   965    $   856
                                                                =======    =======               =======    =======
  
  Net earnings per common and common equivalent share:
          Net earnings available to common stockholders         $  0.41    $  0.35          17%  $  1.56    $  1.33       17%
                                                                =======    =======     =======   =======    =======  =======
  
  Common and common equivalent shares
     outstanding                                                     79         80                    79         80
                                                                =======    =======               =======    =======
  
  <FN>
  
   <F1> Other revenue includes a gain of $25 million,  ($16 million after-tax,  or
  $.20 per  common  share)  as a result  of  amounts  received  in  settlement  of
  litigation during the second fiscal quarter of 1997.
  
   <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 $.20 per common
  share) as a one time addition to the equipment valuation allowance.
  
  </FN>
                                        -5-
  </TABLE>
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "8K SUBMISSION", "secsgml_size_bytes": 10829}]
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": "97708043"}, "business-address": {"street1": "6111 N RIVER RD", "city": "ROSEMONT", "state": "IL", "zip": "60018", "phone": "7086983000"}, "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
  
                                  November 5, 1997
                           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 November 5, 1997, Comdisco, Inc announced fourth quarter and fiscal year 1997
  operating results.
  
  Item 7   Financial Statements and Exhibits
  
  (c)      Exhibits
  
  99.1       Safe Harbor Statement
  
  99.2       Consolidated Statements of Earnings For the Three and Twelve Months
             ended September 30, 1997 and   1996
  
                                        -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: November 5, 1997                                by:     /s/David J. Keenan
                                                                ------------------
                                                                   David J. Keenan
                                                                    Vice President
                                                                    and Controller
  
                                        -3-
  Exhibit 99.1
  
  SAFE HARBOR:
  The news release dated November 5, 1997, contains forward-looking  statements as
  to which Comdisco  intends to have the benefit of the safe harbor created by the
  Private  Securities  Litigation Reform Act of 1995. While these  forward-looking
  statements  are based on  assumptions  believed by Comdisco to be reasonable and
  reflect  Comdisco's  current  expectations  as to future  events  and  financial
  performance,  they are  subject to  important  factors  relating  to  Comdisco's
  operations  and  business  environment  which may cause the  actual  results  of
  Comdisco to be materially different from any future results expressed or implied
  by such  forward-looking  statements.  Examples of such factors include, but are
  not limited to, the volume of New Leases,  fair market value volatility in large
  systems,  changes in customer demand and  requirements,  financial mix of leases
  written,  new product  announcements,  interest rate fluctuations,  competition,
  including  competition from other technology  service  providers,  reductions in
  technology  budgets and related spending plans and price  competition from other
  technology service providers.  The growth in leasing volume during the last five
  fiscal  quarters has  increased  the  proportion  of leases for new equipment to
  total leases. New Leases  traditionally  have lower earnings  contributions than
  leases for remarketed equipment.  Accordingly,  the increase in lease volume has
  put  pressure  on leasing  margins.  The  financial  mix of leases  written in a
  quarter is a result of a combination of factors,  including, but not limited to,
  changes in customer  demands  and/or  requirements,  new product  announcements,
  price changes,  changes in delivery dates,  changes in maintenance  policies and
  the pricing  policies of equipment  manufacturers,  and price  competition  from
  other lessors.  Comdisco  undertakes no obligation to publicly  update or revise
  any  forward-looking  statements whether as a result of new information,  future
  events or otherwise.
  
   
  
                                        -4-
  Exhibit 99.2
  
  Comdisco, Inc. and Subsidiaries
  Consolidated Statements of Earnings
  For the Three and Twelve  Months Ended  September  30, 1997 and 1996
  (Dollars in millions except per share data)
  Three months ended       %         Twelve months ended      %
                                                                   September 30,       +/-           September 30,       +/-
                                                                   1997       1996                 1997        1996
                                                                -------    -------    -------    -------    -------    -------
  Revenue
     Leasing:
      Operating .............................................   $   428    $   370         16%   $ 1,635    $ 1,365         20%
      Direct financing ......................................        37         33         12%       145        149         -3%
      Sales-type ............................................       115        140        -18%        336       283         19%
                                                                -------    -------    -------    -------    -------    -------
                   Total leasing ............................       580        543          7%     2,116      1,797         18%
  
     Sales ..................................................        96         83         16%       269        262          3%
     Continuity and network services ........................        94         87          8%       354        318         11%
     Other
  ..............................................        14         15         -7         80         54         48%
                                                                -------    -------    -------    -------    -------    -------
          Total revenue .....................................       784        728          8%     2,819      2,431         16%
                                                                -------    -------    -------    -------    -------    -------
  
  Costs and expenses
     Leasing:
      Operating .............................................       344        287         20%     1,297      1,037         25%
      Sales-type ............................................        86        112        -23%       237        209         13%
                                                                -------    -------    -------    -------    -------    -------
                   Total leasing ............................       430        399          8%     1,534      1,246         23%
  
     Sales ..................................................        80         73         10%       210        218        - 4%
     Continuity and network services ........................        78         76          3%       296        277          7%
     Selling, general and administrative ....................        63         64         -2%       244        244          0%
     Interest ...............................................        78         68         15%       299        262         14%
     Other
  .............................................        --         --        N/A         25         --        N/A
                                                                -------    -------    -------    -------    -------    -------
         Total costs and expenses ...........................       729        680          7%     2,608      2,247         16%
                                                                -------    -------    -------    -------    -------    -------
  
  Earnings before income taxes ..............................        55         48         15%       211        184         15%
  Income taxes ..............................................        21         18         17%        80         70         14%
                                                                -------    -------    -------    -------    -------    -------
  Net earnings before preferred dividends ...................        34         30         13%       131        114         15%
  Preferred dividends .......................................        (2)        (2)         0%        (8)        (8)         0%
                                                                -------    -------    -------    -------    -------    -------
  Net earnings available to common stockholders .............   $    32    $    28         14%   $   123    $   106         16%
                                                                =======    =======    =======    =======    =======    =======
  
  Retained earnings at beginning of period ..................   $   936    $   831               $   856    $   764
  Net earnings available to common stockholders .............        32         28                   123        106
  Cash dividends paid on common stock .......................        (3)        (3)                  (14)       (14)
                                                                -------    -------               -------    -------
  Retained earnings at end of period ........................   $   965    $   856               $   965    $   856
                                                                =======    =======               =======    =======
  
  Net earnings per common and common equivalent share:
          Net earnings available to common stockholders         $  0.41    $  0.35          17%  $  1.56    $  1.33       17%
                                                                =======    =======     =======   =======    =======  =======
  
  Common and common equivalent shares
     outstanding                                                     79         80                    79         80
                                                                =======    =======               =======    =======
  Other revenue includes a gain of $25 million,  ($16 million after-tax,  or
  $.20 per  common  share)  as a result  of  amounts  received  in  settlement  of
  litigation during the second fiscal quarter of 1997.
  In the second  quarter of fiscal  1997,  the Company  recorded a non-cash,
  non-operating charge of $25 million, ($16 million after-tax,  or $.20 per common
  share) as a one time addition to the equipment valuation allowance.
  -5-