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 23, 1997 NORFOLK SOUTHERN CORPORATION (Exact name of Registrant as specified in its charter) Virginia 1-8339 52-1188014 (State of Incorporation)(Commission File No.) (IRS Employer Identification No.) Three Commercial Place Norfolk, Virginia 23510-2191 (Address of principal executive offices) (757) 629-2600 (Registrant's telephone number) No Change (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS On May 27, 1997, Norfolk Southern Corporation (the "Company") and CSX Corporation ("CSX") issued the attached joint press release indicating that approximately 57,407,389 shares (including those covered by notices of guaranteed delivery) of Conrail Inc. had been accepted for payment by Green Acquisition Corp., pursuant to the Company's and CSX's joint tender offer which expired on May 23, 1997. The Company's portion of the payment for the shares tendered in May will be approximately $4.567 billion; including the $943 million paid by the Company to acquire 8.2 million shares of Conrail stock in February, the Company's total payments will approximate $5.510 billion. The Company will pay 58% of the cost of acquiring any remaining shares of Conrail Inc.; the Company's total cost to acquire shares of Conrail Inc. thus is anticipated not to exceed $5.710 billion. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits: (99) Joint press release, dated May 27, 1997, issued by the Company and CSX concerning the acceptance for payment by Green Acquisition Corp. of approximately 57,407,389 tendered shares (including about 8,937,900 covered by notices of guaranteed delivery) of Conrail Inc. 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. Dated: May 27, 1997 NORFOLK SOUTHERN CORPORATION (Registrant) By: /s/ Dezora M. Martin Dezora M. Martin Corporate Secretary EXHIBIT INDEX Exhibit Number Description 99 Joint press release, dated May 27, 1997, issued by Company and CSX concerning the acceptance for payment by Green Acquisition Corp. of approximately 57,407,389 tendered shares (including about 8,937,900 covered by notices of guaranteed delivery) of Conrail Inc.