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) May 29, 1997 
 
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 made the following announcement on May 29, 1997: 
 
NIKE, Inc. today announced that it expects earnings for the fourth quarter 
ending May 31, 1997 will be between $0.51 and $0.56 per share, below 
the consensus estimate of $0.69.*  The Company expects to report results 
in early July.* 
 
The Company reported that earnings would be impacted by a one-time pre- 
tax charge of $18 million ($0.04 per share) primarily related to the 
shutdown of a manufacturing facility at its Bauer Inc. subsidiary as 
part of its long-term plan to reposition some manufacturing facilities 
to more cost-effective overseas operations.* 
 
The Company also stated that the remaining differences between the 
earnings estimates of analysts and the Company are primarily due to 
revenues below analysts' estimates.  The lower than estimated revenues 
are attributable to shifts in the mix of futures and at-once orders, 
timing of shipments in Europe, product shortages, and a slight increase 
in U.S. order cancellations.* 
 
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.  Wholly-owned NIKE 
subsidiaries include Bauer Inc., the world's leading manufacturer of 
hockey equipment; Cole Haan, which markets a line of high-quality men's 
and women's dress and casual shoes; and Sports Specialties Corporation, 
which markets a full line of licensed headwear. All per share data 
reflects the Company's 2-for-1 stock split that became effective October 
23, 1996.  Total revenues for the trailing twelve months ending February 
28, 1997, were $8.66 billion. 
 
* The marked items are forward-looking statements that involve risks and 
uncertainties that could cause actual results to differ materially.  
These risks and uncertainties are detailed from time to time in reports 
filed by NIKE with the S.E.C., including Forms 8-K, 10-Q, and 10-K.   
Some forward-looking statements in this release concern futures orders 
that are not necessarily indicative of total revenues for subsequent 
periods due to the mix of futures and "at once" orders, which may vary 
significantly from quarter to quarter. 
 
 
Dated :  June 10, 1997                         NIKE, Inc.
 
 
                                               By /s/ Robert S. Falcone 
                                                  Vice President and 
                                                  Chief Financial Officer