8-K

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                       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



                                  July 18, 2000
             ------------------------------------------------------
                Date of Report (Date of earliest event reported)



                       Illinois Superconductor Corporation
                     ---------------------------------------
             (Exact name of registrant as specified in its charter)




         Delaware                         0-22302               36-3688459
- ----------------------------           ------------             -----------
(State or other jurisdiction     (Commission File Number)      (IRS Employer
of incorporation)                                            Identification No.)



             451 Kingston Court, Mt. Prospect, Illinois       60056
         ---------------------------------------------------------------
              (Address of principal executive offices)      (Zip Code)



                                 (847) 391-9400
                         -------------------------------
                         (Registrant's telephone number)


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ITEM 5.  OTHER EVENTS.

         1. On July 18, 2000, Illinois Superconductor Corporation issued a press
release announcing that at its annual stockholders meeting, the Company's
stockholders approved all of the proposals contained in the Company's proxy
material. A copy of the July 18, 2000 press release is attached hereto as
Exhibit 99.1.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

         Items (a) and (b) are inapplicable.


         (c)      Exhibits.

         99.1     Press Release issued by Illinois Superconductor Corporation on
                  July 18, 2000 announcing the approval of all of the proposals
                  in the Company's proxy material at the Company's annual
                  stockholders meeting held July 18, 2000.





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                                    SIGNATURE


         Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                       ILLINOIS SUPERCONDUCTOR CORPORATION


                       By:   /s/  CYNTHIA QUIGLEY
                             --------------------------
                             Cynthia Quigley, Chief Financial Officer



Dated: July 18, 2000





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                                  EXHIBIT INDEX



EXHIBIT NO.                          DESCRIPTION
- -----------                          -----------


99.1           Press Release issued by Illinois Superconductor Corporation on
               July 18, 2000 announcing the approval of all of the proposals in
               the Company's proxy material at the Company's annual stockholders
               meeting held July 18, 2000.

EX-99.1

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                                                                    EXHIBIT 99.1

                                                        |
[ILLINOIS SUPERCONDUCTOR LOGO]                NEWS      |
                                                        | RELEASE
                                                        |

FOR IMMEDIATE RELEASE                            CONTACT: MAUREEN MURNANE
                                                 PHONE:   847-391-9426
                                                 INTERNET:  www.ir@ilsc.com

             ILLINOIS SUPERCONDUCTOR SHAREHOLDERS APPROVE PROPOSALS

               Mt. Prospect, IL (July 18, 2000) - Illinois Superconductor
Corporation (OTC: ISCO) announced that at its annual stockholders meeting today,
the Company's stockholders approved all proposals contained in the Company's
proxy material. For each proposal, more than 90% of those shareholders voting
voted in favor.

Illinois Superconductor Corporation is a leader in the commercialization of high
temperature superconducting technology for the wireless telecommunications
industry. The Company develops, manufactures and markets radio frequency (RF)
products to enhance the quality and capacity of cellular telephone, personal
communications services and other wireless telecommunications services. More
information about Illinois Superconductor Corporation is available on the
Company's internet web site at http://www.ilsc.com.

Statements contained in this news release that are not historical facts are
forward-looking statements. Such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995 and reflect the Company's current expectations regarding the future results
of operations, performance and achievements of the Company. The Company has
tried, wherever possible, to identify these forward-looking statements by using
words such as "anticipates," "believes," "estimates," "expects," "plans,"
"intends," and similar expressions. These statements reflect the Company's
current beliefs and are based on information currently available to it.
Accordingly, these statements are subject to certain risks, uncertainties, and
contingencies, which could cause the Company's actual results, performance or
achievements for 2000 and beyond to differ materially from those expressed in,
or implied by, such statements. These important factors include, without
limitation, the failure of the SSI transaction to close, the ability to
integrate SSI's and ISC's businesses in the event that the SSI transaction is
completed, the Company's history of net losses and the lack of assurance that
the Company's earnings will be sufficient to cover fixed charges in the future;
the degree to which the Company is leveraged and restrictions imposed on the
Company under its existing debt instruments which may adversely affect the
Company's ability to finance its future operations, uncertainty about the
Company's ability to compete effectively against better capitalized competitors
and to withstand downturns in its business or the economy generally; the adverse
effects on liquidity of the Company's common stock because of its de-listing
from the NASDAQ National Market in June 1999; continued downward pressure on the
prices charged for the Company's products due to the competition of rival
manufacturers of front end systems for the wireless telecommunications market;
the timing and receipt of customer orders; the Company's ability to attract and
retain key personnel; and the effects of legal proceedings. A more complete
description of these risks, uncertainties and assumptions is included in the
Company's filings with the Securities and Exchange Commission, including those
described under the heading "Risk Factors" in the Company's Annual Report on
Form 10-K for the fiscal year ended December 31, 1999. The Company undertakes no
obligation to update or revise these forward-looking statements to reflect new
events or uncertainties.