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 17, 1997(Date of earliest event reported)

                          July 21, 1997(Date of Report)


                                TANDY CORPORATION


               (Exact name of registrant as specified in charter)


         Delaware                  1-5571              75-1047710
         (State or other           (Commission         (IRS Employer
         jurisdiction of           File Number         Identification No.)
         incorporation)


         100 Throckmorton Street Suite 1800, Fort Worth, Texas     76102
               (Address of principal executive offices)          (Zip Code)


        Registrant's telephone number, including area code (817)390-3700


Item 5.  OTHER EVENTS

     The text of a press  release  issued by Tandy Corporation (the "Company") 
on July 17, 1997 is set forth below:

                    TANDY LAUNCHES NEW COMPUTER CITY STRATEGY
                            NEW MANAGEMENT TEAM NAMED

     Fort Worth,  Texas -- Tandy Corporation  (NYSE: TAN) announces a new senior
management  team for its  Computer  City  operations.  The  Computer  City Chief
Executive  Officer and  Co-Chairman  will be Nathan Morton,  former Chairman and
Chief Executive Officer of CompUSA.  Avery More will become the Vice Chairman of
Computer City. Mr. More was formerly  President and Chief  Executive  Officer of
CompuCom. Robert Boutin, former Chief Financial Officer of CompuCom, will become
Chief  Financial  Officer of Computer City. John V. Roach of Tandy will fill the
other Co-Chairman position at Computer City.

     The three  executives  through  Eureka  Ventures  have signed a  definitive
contract to acquire 19.9% of the new Computer City subsidiary for cash and notes
at book value.  The new management  team and Tandy will evaluate the possibility
of establishing  Computer City as an independent  company and Eureka Ventures is
purchasing a warrant to buy an  additional  20.1% of Computer  City for cash and
other consideration based on book value if earnings goals are met.

     "The actions  announced  should  accelerate the turnaround of Computer City
and their  equity  position  provides  excellent  incentive  to enhance  Tandy's
shareholder  value. The new executives bring significant  experience in computer
superstore  retailing,  corporate  computer  reselling,  and finance to Computer
City," said John V. Roach Chairman and Chief Executive Officer of Tandy.

     Nathan  Morton  said,  "Our  management  has  the  unique   opportunity  to
strengthen  Computer  City's  presence while  enhancing the computer super store
concept to better serve the rapidly broadening  personal computing market of the
1990's."

     "We know the business and what is needed to be successful. We are confident
in our ability to make Computer City a winner," stated Avery More.

     Tandy  Corporation,  one of the largest retailers of consumer  electronics,
sells its products through  approximately  6,800  RadioShack(R)  and 94 Computer
City(R) outlets.  Statements made in this announcement which are forward-looking
statements  involve  risks and  uncertainties  including,  but not  limited  to,
economic conditions,  product demand,  competitive  pricing,  strength of equity
markets,  availability  of products and other risks indicated in Company filings
with the Securities and Exchange Commission.


                          END OF TEXT OF PRESS RELEASE

     In  the  press   release  set  forth  above,   the  Company  makes  certain
forward-looking statements.  These statements are based on the Company's current
expectations and are subject to a number of risks and  uncertainties  that could
cause  actual  results  in the  future  to  differ  significantly  from  results
expressed or implied in any  forward-looking  statements made by or on behalf of
the Company.  These risks and uncertainties include uncertainties  regarding the
extent of consumer  demand for  computer  products and  services,  and the risks
associated with a newly  established  management team.  Additional risks are set
forth in more detail in the Company's  Annual Report on Form 10-K for the fiscal
year ended December 31, 1996 and the Company's  Quarterly  Report on Form 10-Q 
for the quarterly period ended March 31, 1997.



                                    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 thereunto duly authorized this 21st day of July, 1997.



                                TANDY CORPORATION
                                  (Registrant)



Date July 21, 1997              __________________________
                                Dwain H. Hughes
                                Senior Vice President and
                                Chief Financial Officer