8-K

                            UNITED STATES
                  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)       October 24, 1996



                             TELLABS, INC. 
           (Exact name of registrant as specified in charter)


           Delaware              0-9692         36-3831568 
(State or other jurisdiction  (Commission     (IRS employer  
  of incorporation)           file number)    identification no.)


      4951 Indiana Avenue, Lisle, Illinois           60532 
      (Address of principal executive office)      (Zip Code)


Registrant's telephone number, including area code     (630) 378-8800


                                  N/A 
     (Former name or former address, if changed since last report)



























Item 5.   Other Events

Tellabs, Inc. has announced that its Board of Directors declared a 
2-for-1 stock split effected in the form of a 100 percent stock 
dividend that will be paid on November 15, 1996, to stockholders of 
record as of October 31, 1996.

Further details of this action are contained in the press release of
Tellabs, Inc. dated October 24, 1996 attached hereto as Exhibit 20.3 
and incorporated herein by reference.



 


SIGNATURES


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.

                                      TELLABS, INC.




Date: October 31, 1996                 By: s\ J. Peter Johnson 
                                           J. Peter Johnson 
                                           Vice President, Controller       
                                           and Chief Accounting Officer
  

























                             






Item 7.  Financial Statements and Exhibits

(c)  Exhibits 
  
 Exhibit 20.3       Press Release of Tellabs, Inc. dated October 24, 1996

EX-20.3

                                                           Exhibit 20.3 

                        News Release

    FOR IMMEDIATE RELEASE              CONTACT: Thomas P. Scottino  
    10/24/96                           (708) 378-7504 
                                         
                                       

    TELLABS DECLARES TWO-FOR-ONE STOCK SPLIT

    Lisle, Ill. -- Telecommunications equipment manufacturer Tellabs, Inc.,
    announced Thursday that its Board of Directors declared a 2-for-1 stock
    split effected in the form of a 100 percent stock dividend that will
    be paid on November 15, 1996, to shareholders of record as of 
    October 31, 1996.

    The stock split is designed to improve trading liquidity and broaden 
    ownership of the company's common shares.  After the stock split, there
    will be approximately 179 million common shares outstanding.

    Tellabs, Inc. designs, manufactures, markets and services voice and 
    data transport and network access systems.  The company's products are
    used worldwide by the providers of communications services.  Tellabs,
    Inc., stock is listed on the Nasdaq Stock Market (TLAB).