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                                                                      EXHIBIT 15

                           Accountants' Acknowledgment



Woolworth Corporation
New York, New York

Board of Directors:

Re:     Registration Statements Numbers 33-10783, 33-91888, 33-91886, 33-97832, 
        333-07215 and 333-21131 on Form S-8 and Numbers 33-43334 and 33-86300 on
        Form S-3

With respect to the subject registration statements, we acknowledge our 
awareness  of the use therein of our report  dated May 20,  1998  related to our
review of interim financial information.

Pursuant to Rule 436(c) under the Securities Act of 1933, such report is not 
considered  a part of a  registration  statement  prepared  or  certified  by an
accountant or a report prepared or certified by an accountant within the meaning
of Sections 7 and 11 of the Act.




/s/ KPMG Peat Marwick LLP
- -------------------------
New York, New York
June 9, 1998