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):  November 27, 1996

                                 Honeywell Inc.
              -----------------------------------------------------
             (Exact name of registrant as specified in its charter)

    Delaware                   1-971                  41-0415010
 ----------------         ----------------        --------------------
 (State or other          (Commission             (IRS Employer
  jurisdiction of          File Number)            Identification No.)
  incorporation)

                                 Honeywell Plaza
                          Minneapolis, Minnesota 55408
                     ---------------------------------------
                    (Address of principal executive offices)

Registrant's telephone number, including area code:    (612) 951-1000

                                 Not Applicable
          ------------------------------------------------------------
          (Former name or former address, if changed since last report)

Item 5.   Other Events.
          ------------

     On November 27, 1996, the Registrant issued a News Release reporting on
recent developments in the previously reported lawsuit involving American
Flywheel Systems, Inc.  A copy of the News Release is filed herewith as Exhibit
99(i).  Further information regarding this matter is set forth in Part II, Item
1 of the Registrant's Quarterly Report on Form 10Q for the quarter ended
September 29, 1996, as filed with the Commission on November 13, 1996.


Item 7.   Financial Statements and Exhibits.
          ---------------------------------

(c)  Exhibits:

     99(i) Honeywell Inc. News Release dated November 27, 1996.


                                   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.

                                        HONEYWELL INC.

                                        By: /s/ Edward D. Grayson
                                            --------------------------
                                              Edward D. Grayson
                                              Vice President and
                                              General Counsel

Date: December 12, 1996

                                INDEX TO EXHIBITS

Exhibit No.
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99(i)     Honeywell Inc. News Release dated November 27, 1996         Page  (i)