8-K

                                  
           
================================================================================




                                  UNITED STATES
                       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) March 1, 1999



                                TEREX CORPORATION
- --------------------------------------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)


               Delaware                    1-10702              34-1531521
- --------------------------------------------------------------------------------
     (State or Other Jurisdiction       (Commission           (IRS Employer
           of Incorporation)            File Number)        Identification No.)



           500 Post Road East, Suite 320, Westport, Connecticut 06880
- --------------------------------------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)


        Registrant's telephone number, including area code (203) 222-7170


                                 NOT APPLICABLE
- --------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)


================================================================================


                                       1

                                     

                                     

Item 5.  Other Events.

On March 1, 1999, Terex Corporation  announced a $100 million offering of 8-7/8%
Senior  Subordinated  Notes Due 2008 pursuant to Rule 144A promulgated under the
Securities Act of 1933, as amended.


Item 7.  Financial Statements, Pro Forma Financial Statements and Exhibits.


(c)      Exhibits

     99.1  Press  Release  dated  March 1, 1999  regarding  Terex  Corporation's
announcement of a $100 million offering of 8-7/8% Senior  Subordinated Notes Due
2008.




                                   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 hereunto duly authorized.

Date: March 1, 1999

                                    TEREX CORPORATION


                                    By:  /s/  Eric I Cohen
                                        Eric I Cohen
                                        Senior Vice President
                                        General Counsel and Secretary 




                                       

                                       2

EX-99.1

                                                                    Exhibit 99.1


                     NEWS RELEASE NEWS RELEASE NEWS RELEASE

     For information, contact: Jack Lascar, Vice President, (203) 222-5943


                 TEREX CORPORATION ANNOUNCES INTENTION TO ISSUE
                    $100 MILLION OF SENIOR SUBORDINATED NOTES


         WESTPORT,  CT,  March 1, 1999 - Terex  Corporation  (NYSE:  TEX)  today
announced that it intends to issue approximately  $100,000,000  principal amount
of  8-7/8%  Senior  Subordinated  Notes  Due  2008.  The  new  notes  will  have
substantially  the same  terms as Terex's  currently  outstanding  $150  million
8-7/8% Senior Subordinated Notes Due 2008. It is contemplated that the new notes
will be combined with the currently outstanding notes into a single series after
completion of the offering. The proceeds from the issuance of the new notes will
be used to repay a portion of the outstanding  indebtedness under Terex's credit
facilities  incurred  primarily in  connection  with Terex's 1998  acquisitions,
thereby  providing  additional  liquidity  for  future  acquisitions  and  other
corporate purposes.

         It is intended that Terex  Corporation will offer the additional Senior
Subordinated Notes pursuant to Rule 144A promulgated under the Securities Act of
1933,  as amended (the "Act"),  and that they will not  initially be  registered
under the Act. Accordingly,  these Senior Subordinated Notes will not be able to
be offered or sold in the United States absent  registration under the Act or an
applicable exemption from the registration requirements. This press release does
not  constitute  an offer to sell, or the  solicitation  of an offer to buy, any
securities of Terex Corporation.

         Terex  Corporation  is  a  diversified  global  manufacturer  based  in
Westport,  Connecticut.  Terex is involved in a broad range of construction  and
mining-related  capital equipment operating in two segments -- Terex Earthmoving
and Terex Lifting. Terex Earthmoving  manufactures and sells heavy-duty off-road
trucks and  high-capacity  surface mining trucks under the brand names of Terex,
Unit Rig and  Payhauler,  as well as large  hydraulic  mining  shovels under the
brand name O&K. Terex Lifting  manufactures and sells telescopic  mobile cranes,
aerial work platforms,  utility aerial devices,  telescopic  material  handlers,
truck mounted cranes, tower cranes, and related products,  under the brand names
Terex,  Lorain,  PPM, P&H,  Marklift,  Koehring,  Bendini,  Simon, RO, Telelect,
Square Shooter, Holland Lift, American, Italmacchine, Peiner and Comedil.



                                      # # #

                                       

                                       3