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):
                      February 23, 2001 (February 12, 2001)
                      -------------------------------------

                             LOWE'S COMPANIES, INC.
                             ----------------------
               (Exact name of registrant as specified in charter)


        North Carolina                    1-7898                 56-0578072
        --------------                    ------                 ----------
(State or other jurisdiction of        (Commission             (IRS Employer
        incorporation)                 File Number)          Identification No.)


                  1605 Curtis Bridge Road
                Wilkesboro, North Carolina                    28697
                --------------------------                    -----
         (Address of principal executive offices)           (Zip Code)

       Registrant's telephone number, including area code: (336) 658-4000
                                                          -----------------

                                 Not Applicable
                                 --------------
          (former name or former address if changed since last report)
<PAGE>
ITEM 5.  OTHER EVENTS.

         On February 12, 2001 the Company  issued a news release  announcing its
private  offering of 20-year  Liquid Yield Option (TM) Notes. A copy of the news
release is attached as an exhibit to this filing.

         On February 13, 2001 the Company  issued a news release  announcing the
pricing of its private  offering of 20-year  Liquid Yield  Option (TM) Notes.  A
copy of the news release is attached as an exhibit to this filing.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

(c)
         Exhibits
         --------

         99.1   News  release  dated  February 12, 2001  announcing  the private
                offering of 20-year Liquid Yield Option (TM) Notes.

         99.2   News release dated  February 13, 2001  announcing the pricing of
                the private offering of 20-year Liquid Yield Option (TM) Notes.


<PAGE>
                                    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.




                                            LOWE'S COMPANIES, INC.

Date:    February 23, 2001                       /s/ Robert A. Niblock
                                            ------------------------------------
                                            Name:    Robert A. Niblock
                                            Title:   Senior Vice President
                                                     and Chief Financial Officer



<PAGE>
                                  EXHIBIT INDEX

Exhibits
--------

99.1    News release dated February 12, 2001 announcing the private  offering of
        20-year Liquid Yield Option (TM) Notes.

99.2    News  release  dated  February  13, 2001  announcing  the pricing of the
        private offering of 20-year Liquid Yield Option (TM) Notes.
[{"type": "8-K", "sequence": "1", "filename": "0001.txt", "description": "FORM 8-K", "secsgml_size_bytes": 3528}]
{"company-data": {"conformed-name": "LOWES COMPANIES INC", "cik": "0000060667", "assigned-sic": "5211", "irs-number": "560578072", "state-of-incorporation": "NC", "fiscal-year-end": "0129"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-07898", "film-number": "1553050"}, "business-address": {"street1": "1605 CURTIS BRIDGE RD", "city": "WILKESBORO", "state": "NC", "zip": "28697", "phone": "3366584000"}, "mail-address": {"street1": "PO BOX 1111", "city": "NORTH WILKESBORO", "state": "NC", "zip": "28659"}}
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):
                      February 23, 2001 (February 12, 2001)
                      -------------------------------------

                             LOWE'S COMPANIES, INC.
                             ----------------------
               (Exact name of registrant as specified in charter)

        North Carolina                    1-7898                 56-0578072
        --------------                    ------                 ----------
(State or other jurisdiction of        (Commission             (IRS Employer
        incorporation)                 File Number)          Identification No.)

                  1605 Curtis Bridge Road
                Wilkesboro, North Carolina                    28697
                --------------------------                    -----
         (Address of principal executive offices)           (Zip Code)

       Registrant's telephone number, including area code: (336) 658-4000
                                                          -----------------

                                 Not Applicable
                                 --------------
          (former name or former address if changed since last report)
ITEM 5.  OTHER EVENTS.

         On February 12, 2001 the Company  issued a news release  announcing its
private  offering of 20-year  Liquid Yield Option (TM) Notes. A copy of the news
release is attached as an exhibit to this filing.

         On February 13, 2001 the Company  issued a news release  announcing the
pricing of its private  offering of 20-year  Liquid Yield  Option (TM) Notes.  A
copy of the news release is attached as an exhibit to this filing.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

(c)
         Exhibits
         --------

         99.1   News  release  dated  February 12, 2001  announcing  the private
                offering of 20-year Liquid Yield Option (TM) Notes.

         99.2   News release dated  February 13, 2001  announcing the pricing of
                the private offering of 20-year Liquid Yield Option (TM) Notes.
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.

                                            LOWE'S COMPANIES, INC.

Date:    February 23, 2001                       /s/ Robert A. Niblock
                                            ------------------------------------
                                            Name:    Robert A. Niblock
                                            Title:   Senior Vice President
                                                     and Chief Financial Officer
EXHIBIT INDEX

Exhibits
--------

99.1    News release dated February 12, 2001 announcing the private  offering of
        20-year Liquid Yield Option (TM) Notes.

99.2    News  release  dated  February  13, 2001  announcing  the pricing of the
        private offering of 20-year Liquid Yield Option (TM) Notes.