SECURITIES AND EXCHANGE COMMISSION
                          Washington, DC  20549
                                    
                                    
                               FORM 8-K
                                    
                                    
                            CURRENT REPORT


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


                    Date of Report:  December 4, 1996
                    ---------------------------------
                    (Date of earliest event reported)


                          UAL CORPORATION
                          ---------------
         (Exact name of registrant as specified in its charter)


          Delaware                 1-6033           36-2675207
          --------                 ------           ----------
(State or other jurisdiction     (Commission      (I.R.S. Employer
     of incorporation)           File Number)     Identification No.)


1200 Algonquin Road, Elk Grove Township, Illinois       60007
- -------------------------------------------------------------
 (Address of principal executive offices)             (Zip Code)


Registrant's telephone number, including area code  (847) 700-4000
                                                    --------------


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





ITEM 5.         OTHER EVENTS.
                ------------

    UAL Corporation is filing herewith a cautionary statement for
purposes of the "Safe Harbor for Forward-Looking Statements"
provision of the Private Securities Litigation Reform Act of 1995
as Exhibit 99.1 which is incorporated herein by reference.


ITEM 7.         FINANCIAL STATEMENTS AND EXHIBITS.
                ---------------------------------

Exhibit No.     Description
- ----------      -----------

    99.1        Cautionary Statement




                            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.



                                UAL CORPORATION



                                By:  /s/ Douglas A. Hacker
                                     ---------------------
                               Name:   Douglas A. Hacker
                               Title:  Senior Vice President and
                                       Chief Financial Officer




Dated:  December 3, 1996





                           EXHIBIT INDEX


Exhibit
Number             Description
- ------             -----------

    99.1           Cautionary Statement