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)        April 21, 1999


                  			 TELLABS, INC.
	  (Exact name of registrant as specified in its 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. (the "Company") has announced that its Board of Directors
declared a two-for-one stock split of the Company's common shares.  New
shares will be issued on May 17, 1999 to stockholders of record on 
May 3, 1999.

Further details of this action and other matters are contained in the press 
release of Tellabs, Inc. dated April 21, 1999 attached hereto as Exhibit 99.1 
and incorporated herein by reference.

Item 7.  Financial Statements and Exhibits

  (c) Exhibits
      Exhibit 99.1 - Press Release of Tellabs, Inc. dated April 21, 1999

				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: April 22, 1999                By: /s Robert E. Swininoga
      --------------                    -----------------------
					Robert E. Swininoga
					Vice President and
					Principal Accounting Officer

				Exhibit Index

Exhibit No.             Description
- -----------             -----------
99.1                    Press Release dated April 21, 1999

EX-99.1

FOR IMMEDIATE RELEASE                        CONTACT: Thomas P. Scottino
04/21/99                                              (630)378-7504
                                          						      tom.scottino@tellabs.com
						                                                www.tellabs.com

       			TELLABS ANNOUNCES TWO-FOR-ONE STOCK SPLIT,
			            GOAL TO TRIPLE SALES BY 2003

Lisle, Ill. - Tellabs, Inc., announced today that its Board of Directors 
approved a two-for-one stock split of the company's common shares. 
New shares will be issued on May 17 to shareholders of record on May 3.

At the company's Annual Stockholders' Meeting today, Tellabs President 
and CEO Michael J. Birck discussed a company stretch objective dubbed 
"X3 by '03." This goal calls for Tellabs to triple annual sales by the year 
2003. "In October 1995, Tellabs' people heartily embraced a "2B by 2K" 
objective to achieve $2 billion in annual revenue by the year 2000," Birck 
said. "Since it looks that we will achieve that objective one year early, it's 
only appropriate that we set our sights on the next goal -- $6 billion in 
revenue by 2003."
 
In other business conducted at the meeting, current Tellabs Directors Brian J. 
Jackman, Stephanie Pace Marshall and William F. Souders were re-elected to new 
three-year terms on the company's Board of Directors.

As of April 2, 1999, Tellabs had approximately 195.8 million common shares 
outstanding.

Tellabs 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 stock is listed on the Nasdaq 
Stock Market (TLAB).