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
  
                                     April 23, 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
  
  
  
  
  
  
  
  
  <PAGE>
  
  
  
  
  
  Item 5.   Other Events
  
  On April 23, 1997 Comdisco, Inc announced second quarter and fiscal 1997 
  operating results.
  
  Item 7.   Financial Statements and Exhibits
  
  (c)       Exhibits
  
  99        Consolidated Statements of Earnings For the Three and Six Months Ended
            March 31, 1997 and 1996
  
  
  
  <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: May 1, 1997                   by:     /s/John J. Vosicky
                                              -------------------
                                              Executive Vice President
                                              and Chief Financial Officer
  
  
  
  <PAGE>
  
  
  
  Comdisco, Inc. and Subsidiaries
  Consolidated Statements of Earnings
  For the Three and Six Months Ended March 31, 1997 and 1996
  (Dollars in millions except per share data)
  <TABLE>
  <CAPTION>
  
  
                                                                         Three months                      Six months                
                                                                         ended March 31,                   ended March            
                                                                         1997       1996                   1997       1996
  Revenue
   Leasing
    <S>                                                                   <C>        <C>                 <C>        <C>        
  
    Operating .....................................................   $   402    $   330                $   792    $   646        
    Direct financing ..............................................        36         39                     72         79       
    Sales-type ....................................................        68         49                    132         89       
                                                                      -------    -------                -------    -------    
     Total leasing ................................................       506        418                    996        814         
  
  Sales ...........................................................        59         74                    105        125        
  Continuity and network services .................................        85         78                    169        148        
  Other <F1> ......................................................        40         11                     53         24        
                                                                      -------    -------                -------    -------   
    Total revenue .................................................       690        581                  1,323      1,111         
                                                                      -------    -------                -------    -------    
  
  Costs and expenses
  Leasing
    Operating .....................................................       316        249                    621        484         
    Sales-type ....................................................        43         35                     89         59         
                                                                      -------    -------                -------    -------    
     Total leasing ................................................       359        284                    710        543       
  
  Sales ...........................................................        49         59                     79        100        
  Continuity and network services .................................        71         68                    142        129        
  Selling, general and administrative .............................        61         60                    120        120         
  Interest ........................................................        73         65                    146        130         
  Other <F2> ......................................................        25         --                     25         --       
                                                                      -------    -------                -------    -------    
    Total costs and expenses ......................................       638        536                  1,222      1,022        
                                                                      -------    -------                -------    -------    
  
  Earnings before income taxes ....................................        52         45                    101         89          
  Income taxes ....................................................        19         17                     38         34    
                                                                      -------    -------                -------    -------  
  Net earnings before preferred dividends .........................        33         28                     63         55         
  Preferred dividends .............................................        (2)        (2)                    (4)        (4)        
                                                                      -------    -------                -------    -------    
  Net earnings available to common stockholders ...................   $    31    $    26                $    59    $    51       
                                                                      =======    =======                =======    =======   
  
  Retained earnings at beginning of period ........................   $   881    $   785                $   856    $   764
  Net earnings available to common stockholders ...................        31         26                     59         51
  Cash dividends paid on common stock .............................        (4)        (3)                    (7)        (7)
                                                                      -------    -------                -------    -------
  Retained earnings at end of period ..............................   $   908    $   808                $   908    $   808
                                                                      =======    =======                =======    =======
  
  Net earnings per common and common equivalent share:
     Net earnings available to common stockholders ................  $   0.58    $  0.49                $  1.13    $  0.96         
                                                                      =======    =======                =======    =======    
  
  Common and common equivalent shares outstanding .................        52         53                     52         53
                                                                      =======    =======                =======    =======
  
  
  <FN>
  
   <F1> Other revenue includes a gain of $25 million,  ($16 million after-tax,  or
  $.30 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 $.30 per common
  share) as a one time addition to the equipment valuation allowance 
  </FN>
  </TABLE>
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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": "97593733"}, "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
  
                                     April 23, 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
  Item 5.   Other Events
  
  On April 23, 1997 Comdisco, Inc announced second quarter and fiscal 1997 
  operating results.
  
  Item 7.   Financial Statements and Exhibits
  
  (c)       Exhibits
  
  99        Consolidated Statements of Earnings For the Three and Six Months Ended
            March 31, 1997 and 1996
  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: May 1, 1997                   by:     /s/John J. Vosicky
                                              -------------------
                                              Executive Vice President
                                              and Chief Financial Officer
  Comdisco, Inc. and Subsidiaries
  Consolidated Statements of Earnings
  For the Three and Six Months Ended March 31, 1997 and 1996
  (Dollars in millions except per share data)
  Three months                      Six months                
                                                                         ended March 31,                   ended March            
                                                                         1997       1996                   1997       1996
  Revenue
   Leasing
  Operating .....................................................   $   402    $   330                $   792    $   646        
    Direct financing ..............................................        36         39                     72         79       
    Sales-type ....................................................        68         49                    132         89       
                                                                      -------    -------                -------    -------    
     Total leasing ................................................       506        418                    996        814         
  
  Sales ...........................................................        59         74                    105        125        
  Continuity and network services .................................        85         78                    169        148        
  Other
  ......................................................        40         11                     53         24        
                                                                      -------    -------                -------    -------   
    Total revenue .................................................       690        581                  1,323      1,111         
                                                                      -------    -------                -------    -------    
  
  Costs and expenses
  Leasing
    Operating .....................................................       316        249                    621        484         
    Sales-type ....................................................        43         35                     89         59         
                                                                      -------    -------                -------    -------    
     Total leasing ................................................       359        284                    710        543       
  
  Sales ...........................................................        49         59                     79        100        
  Continuity and network services .................................        71         68                    142        129        
  Selling, general and administrative .............................        61         60                    120        120         
  Interest ........................................................        73         65                    146        130         
  Other
  ......................................................        25         --                     25         --       
                                                                      -------    -------                -------    -------    
    Total costs and expenses ......................................       638        536                  1,222      1,022        
                                                                      -------    -------                -------    -------    
  
  Earnings before income taxes ....................................        52         45                    101         89          
  Income taxes ....................................................        19         17                     38         34    
                                                                      -------    -------                -------    -------  
  Net earnings before preferred dividends .........................        33         28                     63         55         
  Preferred dividends .............................................        (2)        (2)                    (4)        (4)        
                                                                      -------    -------                -------    -------    
  Net earnings available to common stockholders ...................   $    31    $    26                $    59    $    51       
                                                                      =======    =======                =======    =======   
  
  Retained earnings at beginning of period ........................   $   881    $   785                $   856    $   764
  Net earnings available to common stockholders ...................        31         26                     59         51
  Cash dividends paid on common stock .............................        (4)        (3)                    (7)        (7)
                                                                      -------    -------                -------    -------
  Retained earnings at end of period ..............................   $   908    $   808                $   908    $   808
                                                                      =======    =======                =======    =======
  
  Net earnings per common and common equivalent share:
     Net earnings available to common stockholders ................  $   0.58    $  0.49                $  1.13    $  0.96         
                                                                      =======    =======                =======    =======    
  
  Common and common equivalent shares outstanding .................        52         53                     52         53
                                                                      =======    =======                =======    =======
  Other revenue includes a gain of $25 million,  ($16 million after-tax,  or
  $.30 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 $.30 per common
  share) as a one time addition to the equipment valuation allowance