8-K

                       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) June 3, 2003

                           IKON Office Solutions, Inc.
             (Exact name of registrant as specified in its charter)




        OHIO                       File No. 1-5964              23-0334400
    (State or other               (Commission File           (IRS Employer
    jurisdiction of               Number)                    Identification
    incorporation)                                           Number)


                 P.O. Box 834, Valley Forge, Pennsylvania 19482


       Registrant's telephone number, including area code: (610) 296-8000



                                 Not Applicable
          (Former name or former address, if changed since last report)







Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

     c. The following  exhibits are furnished in accordance  with the provisions
of Item 601 of Regulation S-K:

                    (99.1) Press Release dated June 3, 2003.

                    (99.2) Press Release dated June 3, 2003.

Item 9.  Regulation FD Disclosure

         On June 3, 2003, IKON Office Solutions,  Inc. (the "Company" or "IKON")
announced a series of  financing  initiatives,  including  the tender for $240.5
million of IOS Capital,  LLC's 9 3/4% notes due June 15, 2004 and a simultaneous
notes  offering.  The Company's  press  releases  dated June 3, 2003  containing
further details are attached.

This report includes information which may constitute forward-looking statements
within  the  meaning  of the  federal  securities  laws.  These  forward-looking
statements  include,  but  are  not  limited  to,  statements  relating  to  the
successful completion of the tender offer and the notes issuance.  Although IKON
believes the  expectations  contained  in such  forward-looking  statements  are
reasonable, it can give no assurances that such expectations will prove correct.
Such  forward-looking  statements are based upon  management's  current plans or
expectations and are subject to a number of risks and uncertainties,  including,
but not limited to: risks and uncertainties relating to conducting operations in
a  competitive  environment  and  a  changing  industry;  delays,  difficulties,
management  transitions and employment issues associated with  consolidation of,
and/or changes in business operations;  managing the integration of existing and
acquired companies;  risks and uncertainties  associated with existing or future
vendor relationships;  and general economic conditions. Certain additional risks
and  uncertainties are set forth in IKON's 2002 Annual Report on Form 10-K filed
with the Securities and Exchange Commission. As a consequence of these and other
risks and uncertainties,  IKON's current plans,  anticipated  actions and future
financial  condition and results may differ  materially  from those expressed in
any forward-looking statements.







                                    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 thereunto duly authorized.



                                      IKON OFFICE SOLUTIONS, INC.




                                      By:  /s/ WILLIAM S. URKIEL
                                          --------------------------------
                                               William S. Urkiel
                                               Senior Vice President and
                                               Chief Financial Officer



Dated:  June 3, 2003

EX-99

                                                                    Exhibit 99.1


              IKON SUBSIDIARY ANNOUNCES TENDER FOR JUNE 2004 NOTES
                         AND SIMULTANEOUS NOTES OFFERING

Valley Forge, Pennsylvania - June 3, 2003 - IKON Office Solutions (NYSE: IKN)
announced today that its U.S. leasing subsidiary, IOS Capital, LLC (the
"Company"), is tendering for any and all of its outstanding $240.5 million of 9
3/4% notes due June 2004 (effective June 15, 2003 interest coupon rate is
10.75%) (CUSIP No. 46222PAA7) (the "Notes").

The tender offer is being made pursuant to an Offer to Purchase dated June 3,
2003 and related Letter of Transmittal, which fully set forth the terms of the
offer. All capitalized terms not defined herein refer to the meaning assigned to
such terms in the Offer to Purchase and/or the Letter of Transmittal.

The Total Consideration payable with respect to Notes validly tendered will be
equal to the present value of the future principal and interest payments on the
Notes as determined by reference to a fixed spread of 75 basis points over the
bid side yield (as quoted on Bloomberg PX4 on the Price Determination Date at
2:00 p.m. New York City time) of the 2.875% U.S. Treasury notes due June 30,
2004, calculated to the maturity date of the Notes, as fully described in the
Offer to Purchase. The Total Consideration includes an early tender premium of
$30 per $1,000 principal amount of Notes (the "Early Tender Premium") payable
only to holders of Notes that validly tender and do not withdraw such Notes
before 5:00 p.m. New York City time on the Early Tender Date, which is currently
June 9, 2003.

The tender offer is scheduled to expire at 12:00 midnight, New York City time,
on June 30, 2003, unless extended or earlier terminated (the "Expiration Date").
Holders who validly tender (and do not withdraw) their Notes after 5:00 p.m.,
New York City time, on the Early Tender Date but prior to 12:00 midnight on the
Expiration Date, will receive the Total Consideration less the Early Tender
Premium. In each case, holders who validly tender and do not withdraw their
Notes will receive accrued and unpaid interest up to, but not including, the
applicable settlement date.

The Company intends to finance the tender offer with the net proceeds from a
public offering of a new series of notes and cash on hand. The Company's
obligation to accept for purchase and to pay for Notes validly tendered in the
tender offer is conditioned on, among other things, the consummation by the
Company before 12:00 midnight, New York City time, on the Expiration Date of the
offering of the new notes on terms and conditions satisfactory to the Company,






and that the net proceeds of such offering are sufficient to purchase all
outstanding Notes. The Company has reserved the right to terminate, withdraw,
amend or extend the tender offer in its discretion.

The Company has retained Lehman Brothers Inc. to serve as Dealer Manager for the
tender  offer,  and D.F.  King & Co.,  Inc. to serve as the  Information  Agent.
Requests for documents may be directed to the Information  Agent by telephone at
(800) 697-6975 (toll-free) or (212) 269-5550 (collect).  Questions regarding the
tender  offer  may be  directed  to  Lehman  Brothers  Inc.  at  (800)  438-3242
(toll-free) or (212) 528-7581 (collect), Attention: Emily E. Shanks.

A copy of the prospectus and the related prospectus  supplement  relating to the
offering of the new notes may be obtained by contacting  Lehman Brothers Inc. at
745 Seventh Avenue, New York, NY 10019, Attention: Fixed Income Syndicate, (212)
526-9664.

This announcement does not constitute an offer to purchase or a solicitation of
an offer to purchase with respect to any securities nor does it constitute an
offer to sell or the solicitation of an offer to buy, nor shall there be any
sale of the new notes in any state in which such offer, solicitation or sale
would be unlawful prior to the registration or qualification under the
securities laws of any such state. The tender offer is being made solely by the
Offer to Purchase and related letter of transmittal and the offering of the new
notes is made only by means of the prospectus and the related prospectus
supplement.

IKON Office Solutions (www.ikon.com) is a leading provider of products and
services that help businesses manage document workflow and increase efficiency.
IKON provides customers with total business solutions for every office,
production and outsourcing need, including digital copiers and printers, color
solutions, distributed printing, facilities management, and legal document
solutions, as well as network integration, connectivity and custom workflow and
imaging application development. IOS Capital, LLC, a wholly owned subsidiary of
IKON, provides lease financing to customers and is one of the largest captive
finance companies in North America. With Fiscal 2002 revenues of $4.8 billion,
IKON has approximately 600 locations worldwide including the United States,
Canada, Mexico, the United Kingdom, France, Germany, Ireland, Denmark and the
Netherlands.




This news release includes information which may constitute forward-looking
statements within the meaning of the federal securities laws. These
forward-looking statements include, but are not limited to, statements relating
to the successful completion of the tender offer and the notes issuance.
Although IKON believes the expectations contained in such forward-looking
statements are reasonable, it can give no assurances that such expectations will
prove correct. Such forward-looking statements are based upon management's
current plans or expectations and are subject to a number of risks and
uncertainties, including, but not limited to: risks and uncertainties relating
to conducting operations in a competitive environment and a changing industry;
delays, difficulties, management transitions and employment issues associated
with consolidation of, and/or changes in business operations; managing the
integration of existing and acquired companies; risks and uncertainties
associated with existing or future vendor relationships; and general economic
conditions. Certain additional risks and uncertainties are set forth in IKON's
2002 Annual Report on Form 10-K filed with the Securities and Exchange
Commission. As a consequence of these and other risks and uncertainties, IKON's
current plans, anticipated actions and future financial condition and results
may differ materially from those expressed in any forward-looking statements.

                                      # # #

EX-99

                                                                    Exhibit 99.2


                      IKON ANNOUNCES FINANCING INITIATIVES

Valley Forge, Pennsylvania - June 3, 2003 - IKON Office Solutions (NYSE: IKN)
today announced a series of financing initiatives, including the tender for
$240.5 million of IOS Capital, LLC's 9 3/4% notes due June 15, 2004 and a
simultaneous notes offering.

"Recent actions by the rating agencies prompted us to take more aggressive
measures to provide IKON with greater financial flexibility," stated Matthew J.
Espe, Chairman and CEO. "The tender and simultaneous notes offering announced in
a separate release this morning allow us to satisfy certain early maturity
provisions in our existing $300 million credit facility."

The successful completion of the tender offer, in addition to actions to
repurchase non-finance subsidiary debt, is expected to negatively impact
earnings per diluted share by $.09 to $.11, which is expected to be recognized
as a loss on the early extinguishment of debt in the Company's third fiscal
quarter ending June 30, 2003. The Company's previously communicated expectations
for the third quarter and full year results did not anticipate these accelerated
financing activities.

IKON Office Solutions (www.ikon.com) is a leading provider of products and
services that help businesses manage document workflow and increase efficiency.
IKON provides customers with total business solutions for every office,
production and outsourcing need, including digital copiers and printers, color
solutions, distributed printing, facilities management, and legal document
solutions, as well as network integration, connectivity and custom workflow and
imaging application development. IOS Capital, LLC, a wholly owned subsidiary of
IKON, provides lease financing to customers and is one of the largest captive
finance companies in North America. With Fiscal 2002 revenues of $4.8 billion,
IKON has approximately 600 locations worldwide including the United States,
Canada, Mexico, the United Kingdom, France, Germany, Ireland, Denmark and the
Netherlands.


This news release includes information which may constitute forward-looking
statements within the meaning of the federal securities laws. These
forward-looking statements include, but are not limited to, statements relating
to the Company's outlook for the third quarter and full fiscal year 2003, and
the successful completion of the tender offering and notes issuance. Although
IKON believes the expectations contained in such forward-looking statements are
reasonable, it can give no assurances that such expectations will prove correct.
Such forward-looking statements are based upon management's current plans or
expectations and are subject to a number of risks and uncertainties, including,
but not limited to: risks and uncertainties relating to conducting operations in
a competitive environment and a changing industry; delays, difficulties,
management transitions and employment issues associated with consolidation of,
and/or changes in business operations; managing the integration of existing and
acquired companies; risks and uncertainties associated with existing or future
vendor relationships; and general economic conditions. Certain additional risks
and uncertainties are set forth in IKON's 2002 Annual Report on Form 10-K filed
with the Securities and Exchange Commission. As a consequence of these and other
risks and uncertainties, IKON's current plans, anticipated actions and future
financial condition and results may differ materially from those expressed in
any forward-looking statements.


                                      # # #