SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

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


                                    FORM 8-K

                                 CURRENT REPORT

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                       Pursuant to Section 13 or 15(d) of

                       the Securities Exchange Act of 1934



         Date of Report (Date of earliest event reported): May 18, 2000



                                  TIFFANY & CO.

             (Exact name of Registrant as specified in its charter)



           Delaware                     1-9494                    13-3228013
    (State or other jurisdiction       (Commission             (I.R.S. Employer
         of incorporation)              File Number)            Identification
                                                                  Number)

     727 Fifth Avenue, New York, New York                       10022
   (Address of principal executive offices)                    (Zip Code)




       Registrant's telephone number, including area code: (212) 755-8000




Item 5.  Other Events.

         On  May  18,  2000,  Registrant  issued  the  following  press  release
announcing a two-for-one  stock split and a 33 percent increase in the quarterly
cash dividend rate.

NEW YORK,  May 18,  2000 - The Board of  Directors  of Tiffany & Co.  (NYSE-TIF)
today declared a two-for-one split of the Company's Common Stock, to be effected
in the form of a share  distribution,  and approved a 33 percent increase in the
quarterly  cash dividend  rate.  William R. Chaney,  Chairman,  announced  these
actions at the Company's Annual Meeting of Stockholders.

At the Annual  Meeting,  stockholders  approved  an  increase  in the  Company's
authorized  shares  from 120  million  shares  to 240  million  shares.  Tiffany
currently has approximately 73 million shares  outstanding,  which will increase
to approximately 146 million shares after the stock split. The additional shares
issued  resulting  from the stock split will be  distributed on July 20, 2000 to
stockholders of record on June 20, 2000.

The Board also  declared a quarterly  cash  dividend of eight cents per share on
"pre-split"  shares,  to be paid on July 20, 2000 to  stockholders  of record on
June 20, 2000. The Company expects to pay future quarterly cash dividends at the
rate of four  cents  per share on all  "post-split"  shares.  Tiffany's  current
quarterly dividend rate is six cents per share on a pre-split basis.

Mr.  Chaney,  said,  "The stock split,  the fourth since our 1987 initial public
offering,  is intended to make the  purchase  of our shares more  accessible  to
individual  shareholders and to increase market  liquidity.  The increase in the
dividend rate,  which is the fifth  consecutive  annual  increase,  reflects our
confidence in the opportunities ahead for Tiffany & Co."

Michael  J.  Kowalski,  President  and  Chief  Executive  Officer,  added,  "Our
confidence was certainly justified by our first quarter results. Sales rose 26%,
based on comparable  store sales growth of 28% in the U.S. and 15% in Japan, and
net earnings  advanced 88%.  Continuing our highly focused strategy of providing
superior  products  and  customer  service,  building  worldwide  awareness  and
carefully  controlling our expansion,  we believe we are uniquely  positioned to
continue to gain market share, improve our operating  effectiveness and continue
a record of consistent earnings growth."

Tiffany & Co. is the  internationally  renowned jeweler and specialty  retailer.
Sales are made  primarily  through  TIFFANY & CO.  stores and  boutiques  in the
Americas,  Asia-Pacific,  Europe and the Middle East. Direct Marketing  includes
Tiffany's corporate division, catalog and Internet sales. Additional information
can be found on  Tiffany's  Web site,  www.tiffany.com,  and on its  shareholder
information line (800) TIF-0110.

                                      # # #






                                    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.

                                          TIFFANY & CO.


                                      BY: /s/ Patrick B. Dorsey
                                          _____________________________________
                                          Patrick B. Dorsey
                                          Senior Vice President, General Counsel
Date: May 19, 2000                          and Secretary