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): January 16, 2001



                        Federal Signal Corporation
          (Exact name of registrant as specified in its charter)


 Delaware                           0-693                      36-1063330

(State or other jurisdicton     (Commission File            (IRS Employer
  of incorporation)                 Number)                  Identification No.)


              1415 W. 22nd Street, Oak Brook,Illinois        60523
              (Address of principal executive offices)     (Zip Code)


                            (630) 954-2000
          (Registrant's telephone number, including area code)





Item 9.  Regulation FD Disclosure


Oak Brook, Illinois, January 16, 2001 -- Federal Signal Corporation,  confirming
previous  guidance,  continues to expect fourth  quarter 2000 earnings per share
from continuing  operations of $.28 before restructuring  charges and before the
effect of a change in accounting method.  Similarly, for the full year, earnings
per  share  from  continuing  operations  is still  estimated  at  $1.30  before
restructuring  charges.  The  company is also  reiterating  its  previous  broad
guidance for the year 2001 - earnings per share from  continuing  operations  of
$1.50 to $1.65 - and as previously announced, will have additional comment about
the 2001 outlook at its upcoming conference call.

      Industrial/commercial    markets    remain    slow   while   the   overall
municipal-related markets remain healthy,  particularly in the Fire Rescue Group
and the Environmental Products Group.

      The company will host a conference  call on Thursday,  January 25, 2001 at
3:30 p.m.  Eastern  Time to highlight  results of the fourth  quarter as well as
full  year  2000,  and to  discuss  the  company's  outlook.  The call will last
approximately  one hour. You may listen to the conference call over the Internet
through Federal's website at http://www.federalsignal.com. To listen to the call
live,  we  recommend  you go to the  website  at least 15  minutes in advance to
register and to download  and install (if  necessary)  the  required  free audio
software. If you are unable to listen to the live broadcast, a replay accessible
from our website will be available shortly after the call concludes through 5:00
p.m. Eastern Time, Friday, February 2, 2001.

      Federal  Signal  Corporation  is a global  manufacturer  of leading  niche
products in four operating groups:  environmental vehicles and related products,
fire rescue vehicles,  safety and signaling products,  and consumable industrial
tooling.  Based in Oak Brook,  Illinois,  the company's shares are traded on the
New York Stock Exchange under the symbol FSS.



                                           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 thereunto duly authorized.

                                                  FEDERAL SIGNAL CORPORATION



      Dated:  January 16, 2001                    By:  /s/ Joseph J. Ross

                                                   Joseph J Ross
                                                   Chariman, President
                                                   and Chief Executive Officer