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 23, 1997


                             Commission File Number
                                     0-16439



                      FAIR, ISAAC AND COMPANY, INCORPORATED
             (Exact name of registrant as specified in its charter)










           DELAWARE                                       94-1499887
(State or other jurisdiction of                        (I.R.S. Employer
incorporation or organization)                        Identification No.)


              120 North Redwood Drive, San Rafael, California 94903
               (Address of principal executive offices)    (Zip Code)

       Registrant's telephone number, including area code: (415) 472-2211





ITEM 5. Other Events

     On June 23, 1997, the Registrant  closed the acqusition of Risk  Management
Technologies  as described in the press release  attached hereto as Exhibit 99.1
and incorporated herein by reference.


ITEM 7. Financial Statements and Exhibits

             (c) Exhibits

                 99.1      Press Release of the Registrant dated June 25, 1997.







                                   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 thereunto duly authorized.


                         FAIR, ISAAC AND COMPANY, INCORPORATED


DATE:   June 27, 1997



                         By:     /s/ Peter L. McCorkell
                            ----------------------------------------------------
                                    Peter L. McCorkell
                            Senior Vice President, Secretary and General Counsel




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                                  Exhibit Index

                    To Fair, Isaac and Company, Incorporated
                     Report on Form 8-K dated April 23, 1997


                                                                Sequentially
Exhibit No.       Exhibit                                       Numbered Page
- -----------       -------                                       -------------


99.1              Press Release dated June 25, 1997.                4









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EX-99.1

                                Exhibit No. 99.1






NEWS FROM FAIR, ISAAC             NYSE SYMBOL:  FIC

FOR IMMEDIATE RELEASE
                                  Contact:       Marc Friedland
                                                 Media Relations Specialist
                                                 (415) 491-7001
                                                 mfriedland@fairisaac.com


June 25, 1997

                      FAIR, ISAAC COMPLETES ACQUISITION OF
                          RISK MANAGEMENT TECHNOLOGIES

San Rafael,  Calif. -- Fair, Isaac and Company, Inc. (NYSE: FIC) announced today
that it has completed the  acquisition of Risk  Management  Technologies  (RMT),
first announced on April 23.

Fair,  Isaac  and  Berkeley,  California-based  RMT will  combine  complementary
strengths to help financial  services firms make better use of  institution-wide
data to improve decision-making and risk management. RMT is the leading provider
of  enterprise-wide  risk  management and performance  measurement  solutions to
major financial institutions worldwide. Fair, Isaac pioneered the development of
credit  scoring and automated  credit  decision  systems used by most large U.S.
credit  issuers  and,   increasingly,   major  lenders  around  the  world.  The
acquisition was accomplished through a stock swap valued at $46 million and will
be accounted for as a pooling of interests.

The  acquisition  enables  Fair,  Isaac to extend  its  franchise  in  providing
data-driven  decision  support to the  financial  services  industry  beyond its
current focus on individual customers.  With RMT's products and services,  Fair,
Isaac  will now  support  an  institution's  entire  financial  risk  management
operation. The acquisition puts Fair, Isaac in a leadership position in decision
support  technology for total risk  management,  integrating  interest rate risk
management with credit risk management.

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RMT will retain its name and market  identity and will operate as a Fair,  Isaac
subsidiary.  RMT CEO David  LaCross will continue in his present  duties.  RMT's
staff of approximately 50 will work from its offices in Berkeley.

RMT was founded in 1989 to provide  comprehensive  decision  support  systems to
major financial institutions.  It provides a complete asset-liability management
product targeted at larger,  more sophisticated  institutions;  data warehousing
tools;  profitability  analysis;  transfer pricing;  and other  state-of-the-art
capabilities.  RMT's client list includes both U.S. and international  financial
institutions such as Chase Manhattan Bank, First Union,  Wachovia,  Wells Fargo,
the UK's Abbey National, ANZ Bank in Melbourne, and Sumitomo Bank in Tokyo.

Since 1956, Fair, Isaac has helped businesses turn data into useful  information
for strategic decision making. Fair, Isaac pioneered the commercial  development
of empirically derived predictive models for the credit industry and popularized
their use in lending  decisions.  Today,  the company  offers a full spectrum of
data analysis capabilities, predictive modeling, software, and consulting to the
financial services,  health care,  telecommunications,  personal lines insurance
and direct marketing  industries  worldwide.  Fair, Isaac has offices throughout
the United  States and Europe as well as in  Canada,  Mexico,  South  Africa and
Japan. In addition to RMT, Fair,  Isaac's  principal  subsidiaries are St. Paul,
Minnesota-based  DynaMark,  Inc.  and  Baltimore,  Maryland-based  Credit & Risk
Management Associates, Inc.

For the fiscal year ended September 30, 1996, Fair, Isaac reported net income of
$16.2 million or $1.27 per share on consolidated revenues of $148.7 million. The
company  reported  record  earnings and  revenues  for the three- and  six-month
periods ended March 31, 1997.  For the first six months of the 1997 fiscal year,
net income was $9.58 million or $.74 per share on revenues of $88.0 million.


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