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 27, 2000

                               Levi Strauss & Co.
             (Exact name of registrant as specified in its charter)


                 DELAWARE                333-36234           94-0905160
         (State of Incorporation) (Commission File Number) (IRS Employer
                                                          Identification Number)

                1155 Battery Street
                San Francisco, California                     94111
            (Address of principal executive offices)        (Zip Code)

       Registrant's telephone number, including area code: (415) 501-6000





ITEM 5.  OTHER EVENTS AND REGULATION FD DISCLOSURE.

         Attached  hereto as Exhibit 99 is a copy of Levi  Strauss & Co.'s press
release dated  December 26, 2000 titled "Levi Strauss & Co.  Obtains  Commitment
for New $1.5 Billion Senior Secured Credit Facility."

ITEM 7.  EXHIBIT.

99        Press Release dated December 26, 2000.





                                    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 hereunto duly authorized.

Date:  December 27, 2000
                                                  LEVI STRAUSS & CO.


                                            By /s/ William B. Chiasson
                                               -----------------------
                                               William B. Chiasson
                                               Title:  Senior Vice President and
                                                       Chief Financial Officer






                                  EXHIBIT INDEX

Exhibit Number                                     Description

99                                      Press Release dated December 26, 2000

EX-99

                                                                      Exhibit 99
LEVI                                1155 Battery Street, San Francisco, CA 94111
STRAUSS
   & Co.
NEWS
                                                 Investor Contact: Eileen VanEss
                                                                  (415) 501-2477

                                                 Media Contact:   Jeff Beckman
                                                                  (415) 501-1698

           LEVI STRAUSS & CO. OBTAINS COMMITMENT FOR NEW $1.5 BILLION
                         SENIOR SECURED CREDIT FACILITY

SAN FRANCISCO  (December 26, 2000) - Levi Strauss & Co.  announced today that it
has received a commitment for a new $1.5 billion Senior Secured Credit  Facility
consisting  of a $750 million  Revolving  Credit  Facility and $750 million Term
Loan,  which would  replace its existing bank debt under more  favorable  terms.
This new  agreement  would  reduce the  company's  borrowing  costs,  extend the
maturity  of the  facility  to August  2003,  and  enable  the  company to avoid
incremental fees and expenses associated with its existing credit facility.

Bill Chiasson,  Levi Strauss & Co. Chief Financial Officer stated,  "We are very
pleased with this  commitment.  The new facility  would not only provide us with
greater  operating  and  financial   flexibility,   but  also  demonstrates  the
continuing  confidence of our banks in the long-term prospects of our company as
we implement our business turnaround."

The commitment is from Bank of America, N.A., Citicorp USA, Inc. and The Bank of
Nova Scotia.  The commitment is subject to customary  conditions,  including the
negotiation and execution of a definitive  credit  agreement.  Completion of the
agreement is expected to occur in late January.

Levi  Strauss & Co. is one of the world's  leading  branded  apparel  companies,
marketing its brands in more than 80 countries  worldwide.  The company  designs
and markets  jeans and  jeans-related  pants,  casual and dress  pants,  shirts,
jackets and related accessories for men, women and children under the Levi's(R),
Dockers(R) and Slates(R) brands.