SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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                                    FORM 8-K

                                 CURRENT REPORT

                        Pursuant to Section 13 or 15 (d)
                     of the Securities Exchange Act of 1934


           ----------------------------------------------------------

                                January 28, 1998


                Date of Report (Date of earliest event reported)


                                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 
               incorporation)                          No.)



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


Registrant's telephone number, including area code (817) 415-3700





Item 5. OTHER

The text of a press  release  issued by the Company on January 28, 1998,  is set
forth below:

                   Compaq Computer Corporation and RadioShack
                Announce Major Retail Sales and Service Agreement

                      RadioShack Goes Exclusive With Compaq

HOUSTON  and  FORT  WORTH,  January  28,  1998  -  Compaq  Computer  Corporation
(NYSE:CPQ) and RadioShack, a division of Tandy Corporation (NYSE:TAN), announced
today that the companies  have signed a letter of intent of a multi-year  retail
sales and  service  agreement  in which  Compaq  Presario  PCs will  become  the
exclusive  computer  line  sold  through  RadioShack.  With  this  announcement,
consumers  in  virtually  every  U.S.  neighborhood  will have  local  access to
America's favorite brand of home PC in America's most trusted electronics store.

Under the terms of the agreement,  Compaq and RadioShack will jointly market and
promote a unique line of specially  configured  Compaq  Presario  computers  and
accessories beginning in March. In addition,  Compaq strengthened its Extra Mile
service and support  commitment  to consumers by  authorizing  RadioShack  as an
official service provider for its entire line of Compaq computers.

"RadioShack  enables Compaq to broaden its distribution reach into local markets
through  America's  most  trusted  consumer  electronics  chain,"  said  Eckhard
Pfeiffer, President and CEO, Compaq Computer Corporation.  "Almost overnight, we
will be able to increase our market presence by offering our products through up
to 7,000 convenient  locations.  We believe this competitive edge will result in
increased sales and brand awareness."

"Compaq, the leading PC manufacture, and RadioShack, the most pervasive retailer
of electronics,  are entering into a strategic marketing alliance that should be
a  'win-win'  for both  companies  and their  customers,"  said  John V.  Roach,
Chairman and Chief Executive Officer of Tandy Corporation.

"RadioShack  is  continuously  seeking new ways to ensure we are  providing  the
American  consumer  with  greater  value," said  Leonard  Roberts,  President of
RadioShack and Tandy.  "Compaq is clearly  focused not only on building  'useful
innovation'  into  its  personal  computers,  but  has  proven  its  ability  to
flawlessly  execute that single idea.  RadioShack is now proud to focus our more
than 25,000  trusted sales  associates on carefully explaining to our customers
the  differentiating  features  that  have  made  Compaq  the  leader  in the PC
industry."

Through the agreement, Compaq and RadioShack will invest in the development of a
store-within-a-store  concept that features a unique interactive experience that
will  invite the  consumer  to touch and learn more about  Compaq  products  and
technology.  Complete implementation of the store-within-a-store plan, including
extensive  training and certification of RadioShack sales associates is expected
to be completed by the third quarter of 1998.  This  agreement  covers the U.S.,
Puerto Rico, and the U.S. Virgin Islands.

According to Mike Larson,  Compaq Vice President,  U.S.  Consumer  Marketing and
Sales, "this new relationship enables Compaq to reach consumers in secondary and
tertiary  markets which  complements our strong network of retailers.  This also
provides  consumers with a convenient  one-stop shopping  destination for Compaq
Presario  products that focuses on providing a complete and fulfilling  customer
experience,  including PC products and accessories,  friendly and  knowledgeable
sales assistance and post-sales customer service."

RadioShack's  nationwide network of 53 service centers will provide  in-warranty
and  out-of-warranty  repair  service on all home and  business  Compaq PCs. All
repairs  are backed by a 90-day  guarantee.  Products  in need of service may be
dropped off at The Repair Shop at  RadioShack  located  within 7,000  RadioShack
stores and participating dealers in the U.S.

Founded in 1982, Compaq Computer Corporation, a Fortune 100 company, is a global
information technology company.  Compaq is the fifth largest computer company in
the world and the largest global supplier of personal computers.  With worldwide
sales of $24.6 billion in 1997, Compaq develops and markets hardware,  software,
solutions  and  services,   including   industry-leading   enterprise  computing
solutions,  fault-tolerant  business-critical  solutions,  networking  products,
commercial desktop and portable product and consumer PCs.

Compaq  North  America is  headquartered  in Houston,  Texas.  Its  products and
services are sold and supported through a network of more than 25,000 commercial
and consumer marketing partners across the United States and Canada.

With nearly 7,000  company-owned  stores and participating  dealers in the U.S.,
RadioShack  is American's  favorite  store for consumer  electronics,  parts and
accessories,  telecommunication  products and services,  and repair  service for
most  major  brands.  Annual  sales for  RadioShack  in 1996 were $3.2  billion.
Headquartered  in  Fort  Worth,  Texas,   RadioShack  is  a  division  of  Tandy
Corporation.

In the press release set forth above, the Company makes certain  forward-looking
statements. These statements are based on the Company's currant 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
newly-established  marketing  alliances.  Additional risks are set forth in more
detail in the Company's  Annual Report on Form 10-K for the year ended  December
31, 1996.

                                    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 30th day of January, 1998.


                                            TANDY CORPORATION
                                            (Registrant)


                                            /S/ Dwain H. Hughes
Date January 30, 1998                       ___________________________

                                            Dwain H. Hughes
                                            Senior Vice President and
                                            Chief Financial Officer