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) December 22, 2000


                        OUTBOARD MARINE CORPORATION
                   -------------------------------------
             (Exact Name of Registrant as Specified in Charter)


      Delaware                     1-2883                36-1589715
     ----------                   ----------            ---------------
(State or Other Jurisdiction     (Commission            (IRS Employer
    of Incorporation)             File Number)          Identification No.)


100 Sea Horse Drive, Waukegan, Illinois                            46845
- -----------------------------------------                         --------
(Address of Principal Executive Office)                          (Zip Code)


Registrant's telephone number, including area code (847)-689-6200
                                                   ---------------


                                    N/A
            ---------------------------------------------------
       (Former Name or Former Address, if Changed Since Last Report)




                        OUTBOARD MARINE CORPORATION
                       Commission File Number 1-2883


ITEM 3. BANKRUPTCY OR RECEIVERSHIP

        On December 22, 2000, the Registrant, Outboard Marine Corporation
("OMC") and eight of its domestic subsidiaries, filed a voluntary petition
for relief under Chapter 11 of Title 11 of the United States Code with the
United States Bankruptcy Court for the Northern District of Illinois,
Eastern Division, in Chicago (the "Court"). The case has been assigned to
Judge Erwin I. Katz of the Court for initial proceedings ((case #: 00-37405)
the "Chapter 11 Case").

        OMC continues to maintain its assets, operate its businesses and
manage its affairs as a debtor-in-possession pursuant to the Chapter 11
Case and the jurisdiction of the Court.

        On December 22, 2000, the Registrant issued a press release
relating to the foregoing. A copy of the press release is attached hereto
as an exhibit and incorporated herein by reference.


ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

Exhibit
Number         Description
- -------        -----------

99.2           Press release, Dated December 22, 2000



                                 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.


                                    OUTBOARD MARINE CORPORATION

                                    Registrant


Date: December 22, 2000             By: /S/ ROBERT S. ROMANO
                                        ----------------------
                                        Robert S. Romano
                                        Vice President, General Counsel
                                        and Secretary

EX-99

Exhibit 99.2

OMC(R)                                                    NEWS RELEASE
Outboard Marine Corporation
100 Sea Horse Dr.
Waukegan, IL 60085

Contact:
Gary Beckett
Director, Corporate Communications and Public Relations
(847) 689-7019; gbeckett@omc.com

December 22, 2000

                                                        FOR IMMEDIATE RELEASE


                   OMC INITIATES VOLUNTARY REORGANIZATION
          Plans Include the Sale of its Engine and Boat Businesses


        WAUKEGAN, Ill., Dec. 22 - Outboard Marine Corporation (OMC) and
several of its subsidiaries today filed for voluntary reorganization under
Chapter 11 of the US Bankruptcy Code in US Bankruptcy Court in Chicago. OMC
has sought protection under Chapter 11 so that the company can implement
its plans to sell some or all of its engine and boat operations. OMC also
announced a significant reduction in its North American workforce affecting
salaried and hourly employees at all of its operations.

        OMC stressed that the company expects to continue operations during
the reorganization process.

        OMC has requested that the Bankruptcy Court allow the company to
continue compensation and benefit plans for its remaining employees,
maintain customer sales, support and service activities, and make post-
petition payments due to suppliers in the ordinary course of business.

        OMC has received a commitment from its bank group to provide
debtor-in-possession financing totaling $35 million, which is expected to
be sufficient to permit the company to operate while it implements its
restructuring plan.

        The company has the support for this course of action from its
major investors.

        The company said the filing has been made in order to enable OMC to
complete the sale of its boat and engine operations under Court
supervision. OMC said it intends to do everything it can to expedite this
process and to consummate a beneficial transaction as quickly as possible.

        OMC said that the reduction in force affects approximately 4,000
employees at its boat and engine operations in North America.

        Outboard Marine Corporation is a leading manufacturer and marketer
of internationally-known boat brands, including Chris-Craft(R), Four
Winns(R), Seaswirl(R), Javelin(R), Stratos(R), Lowe(R), Hydra-Sports(R) and
Princecraft; marine accessories and marine engines, under the brand names
of Johnson(R) and Evinrude(R); and Ficht Ram Injection(R) - the world's
premier low-emission two-stroke outboard engine technology.

        Visit our web site at: www.omc.com.
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