FORM 8-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                 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 28, 1998
                                                         ----------------

                        TELEPHONE AND DATA SYSTEMS, INC.
                        --------------------------------
             (Exact name of registrant as specified in its charter)


            Iowa                     1-8251               36-2669023
            ----                     ------               ----------  
         (State or other          (Commission             (IRS Employer
         jurisdiction of          File Number)            Identification 
         incorporation)                                        No.)

                                      


      30 North LaSalle Street, Chicago, Illinois             60602
   -----------------------------------------------         ---------- 
      (Address of principal executive offices)             (Zip Code)

       Registrant's telephone number, including area code: (312) 630-1900


                                 Not Applicable
                                 --------------
         (Former name or former address, if changed since last report)













Item 5.   Other Events.
          -------------

         On January 28, 1998, Telephone and Data Systems, Inc. announced its 
fourth quarter financial results.

         This  Current  Report  on Form 8-K is being  filed for the  purpose  of
filing the news release issued by the Company  relating to such  announcement as
an exhibit.

Item 7.           Financial Statements and Exhibits
                  ---------------------------------

         Exhibits
         -------- 

         The exhibits  accompanying  this report are listed in the  accompanying
Exhibit Index.




        















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                                   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, thereto duly authorized.




Telephone and Data Systems, Inc.
(Registrant)

Date:    January 28, 1998


By:  /s/ GREGORY J. WILKINSON
   --------------------------
Gregory J. Wilkinson
Vice President and Controller
(principal accounting officer)



















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                                  EXHIBIT INDEX


Exhibit Number                               Description of Exhibit
- --------------                               ----------------------

    99                                       News Release dated January 28, 1998


























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