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): OCTOBER 28, 1999


                             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.)


               111 Smith Ranch Road, 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 October 28, 1999, the Registrant  issued 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 October 28, 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 thereunto duly authorized.


                                    FAIR, ISAAC AND COMPANY, INCORPORATED

DATE:   October 29, 1999

                                      By:    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 October 28, 1999


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

99.1              Press Release dated October 28, 1999.                 4


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EX-99.1

Contact:   Peter L. McCorkell (415) 491-5101


     Fair, Isaac to Exit Healthcare Receivables Management Business

SAN RAFAEL, CALIFORNIA--October 28, 1999-- Fair, Isaac and Company, Incorporated
(NYSE: FIC) today announced that it is discontinuing its Healthcare  Receivables
Management  System  ("HRMS")  line.  HRMS  revenues  in the  fiscal  year  ended
September  30,  1999,  were about $1.4  million.  The  Company  will set aside a
reserve in the quarter that ends December 31, 1999, to cover charges  related to
termination  of  HRMS.  The  exact  amount  of that  reserve  has  not yet  been
determined but is currently  expected to be in the range of $3.0 to 4.0 million.
Because there would be a reduction in ongoing operating expenses, discontinuance
of HRMS is not expected to have a significant effect on fiscal 2000 earnings.

Tom Grudnowski,  newly  appointed  president and CEO of Fair,  Isaac,  said, "We
continue to believe our Healthcare  Receivables  Management System could provide
excellent value for hospitals in reducing collection costs and charge-offs,  and
early results from our first client bear that out. However,  in the past year we
have  generated  only  minimal  sales  and  revenues  from  this  product.  This
disappointing  market acceptance and the prospect of continuing losses in fiscal
2000 led us to the  conclusion  that we should  redirect our resources to other,
more promising  opportunities.  We will, of course,  ensure that our contractual
commitments to our existing HRMS clients are satisfied."

Fair,  Isaac helps  companies  make  faster,  more  profitable  decisions  about
marketing,  customers,  operations  and  portfolios.  Widely  recognized for its
pioneering  work  in  predictive  technology,   the  company  provides  advanced
decision-making  solutions  to  the  financial  services,   eBusiness,   retail,
telecommunications  and  healthcare  industries.  Headquartered  in San  Rafael,
Calif.,  Fair,  Isaac employs 1600 people in 18 offices  worldwide.  The company
today  reported  net income of $29.98  million  ($2.09 per  share,  diluted)  on
revenues of $276.9  million for the fiscal year ended  September  30, 1999.  For
more information visit www.fairisaac.com.

This press release contains certain forward-looking  statements regarding events
and trends that may affect the Company's  future  results.  Such  statements are
subject to risks and uncertainties that could cause the Company's actual results
to  differ  materially.  Such  factors  include,  but are not  limited  to,  the
Company's   ability  to  recruit  and  maintain  key  technical  and  managerial
personnel,  the  maintenance  of its  existing  relationships  with key alliance
partners,  its  ability to continue to develop  new and  enhanced  products  and
services,  competition,  and market demand.  For a more complete  description of
these and other  factors  see the  Company's  annual  and  quarterly  reports to
stockholders and its annual report on Form 10-K and other reports filed with the
Securities and Exchange Commission.



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