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:  July 22, 1998
                    ------------------------------
                   (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 (the "Company") 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.


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:  July 22, 1998