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 31, 1995 
 
                                 NIKE, INC. 
             (Exact name of registrant as specified in its charter) 
  
 
         Oregon                   1-10635                93-0584541 
(State of incorporation)      (Commission File         (IRS Employer 
                                   Number)            Identification No.) 
 
 One Bowerman Drive, Beaverton, Oregon                    97005-6453 
(Address of principal executive offices)                   (Zip Code) 
 
 
                               (503) 671-6453 
             (Registrant's telephone number, including area code) 
 
Item 5.  OTHER EVENTS 
 
The Registrant issued the following press release on January 31, 
1995  
 
BEAVERTON, OR -- January 31, 1995 -- NIKE, Inc. (NYSE: NKE) 
reported that the Canadian Bureau of Competition Policy 
issued an Advance Ruling Certificate to NIKE declining to 
oppose the Company's proposed acquisition of Canstar Sports, 
Inc.  Under Canadian law, the Director of the Bureau is now 
precluded from challenging the acquisition on antitrust 
grounds under the Canadian Competition Act. 
 
NIKE noted that the Investment Canada agency's review of the 
proposed transaction is proceeding and that a decision 
regarding approval of the acquisition is expected over the 
next several days. 
 
NIKE has also been notified that the U.S. Federal Trade 
Commission has terminated its review of the acquisition 
under 
the Hart-Scott-Rodino Antitrust Improvements Act.  NIKE may 
now proceed with the acquisition under U.S. antitrust laws. 
 
As previously announced, NIKE commenced its tender offer, 
effective January 6, 1995, to acquire all of the outstanding 
common shares of Canstar at the price of Canadian $27.50 per 
share.  The NIKE tender offer will be open for acceptance 
until 4:30 p.m. Vancouver time on February 9, 1995 unless 
withdrawn or extended.  The offer is subject to NIKE 
acquiring at least 80 percent of all the outstanding Canstar 
shares, and to regulatory approvals and other customary 
conditions. 
 
NIKE had previously entered into an agreement on December 
14, 
1994, with the principal shareholders of Canstar, including 
companies owned or controlled by Canstar Chairman Icaro 
Olivieri, who together own approximately 46 percent of 
Canstar's outstanding shares, to acquire those shares at the 
same price of Canadian $27.50 per share. 
 
Canstar manufactures and distributes ice skates under the 
Bauer, Micron, Mega, Daoust and Lange brand names; in-line 
roller skates and protective gear under the Bauer brand 
name; 
Cooper and Flak hockey protective equipment; Cooper and 
Bauer 
hockey sticks; Bauer hockey jerseys and accessories; and 
Tuuk, ICM and John Wilson skate blades.  Canstar also offers 
a full selection of products for street, roller and field 
hockey.  Canstar Sports Inc. is listed on The Toronto Stock 
Exchange and The Montreal Exchange (HKY), and are quoted on 
the NASDAQ national market (HKYIF) in the U.S. 
 
NIKE, Inc., based in Beaverton, Oregon, is the world's 
leading designer and marketer of authentic athletic 
footwear, 
apparel and accessories for a wide variety of sports and 
fitness activities.  The company also markets a line of 
high- 
quality men's and women's dress and casual shoes through its 
Cole Haan subsidiary based in Yarmouth, Maine and a full 
range of licensed headwear through its Sports Specialties 
subsidiary based in Irvine, California.  Total revenues for 
the trailing twelve months ended November 30, 1994, were 
$4.1 
billion. 
 
SIGNATURES 
 
     Pursuant to the requirements of the Securities and 
Exchange Act of 1934, the Registrant has duly caused this 
report to be signed on the behalf of the undersigned thereto 
duly authorized. 
 
 
                                  NIKE, Inc. 
                                  An Oregon Corporation 
 
                                  By:  /s/ Robert S. Falcone 
                                     _______________________ 
 
                                     Vice President, Chief 
                                     Financial Officer