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

                                  ------------


                       January 14, 1998 (January 7, 1998)
               (Date of Report (date of earliest event reported))


                               Cendant Corporation
             (Exact name of Registrant as specified in its charter)


         Delaware                         1-10308                  06-0918165
 (State or other jurisdiction         (Commission File No.     (I.R.S. Employer
of incorporation or organization)   Identification Number)

         6 Sylvan Way
     Parsippany, New Jersey                                              07054
(Address of principal executive office)                               (Zip Code)





                                 (973) 428-9700
              (Registrant's telephone number, including area code)



                                      None
       (Former name, former address and former fiscal year, if applicable)













Item 5.        Other Events

On  January  7,  1998,  Cendant   Corporation  (the  "Company")   completed  the
acquisition of Jackson Hewitt,  Inc.  ("Jackson  Hewitt") for approximately $480
million  in cash,  or $68 per  share of common  stock of  Jackson  Hewitt,  Inc.
Jackson  Hewitt is the second  largest  tax  preparation  service  system in the
United States with locations in 41 states. Jackson Hewitt franchises a system of
approximately  2,050 offices that  specialize  in  computerized  preparation  of
federal and state  individual  income tax returns.  The information set forth in
the press releases  attached  hereto as Exhibits 99.1 and 99.2 are  incorporated
herein by reference in their entirety.



Item 7.        Exhibits

Exhibit
   No.         Description

99.1           Press Release: Cendant Completes Acquisition of Jackson Hewitt
               Inc. for $480 million in Cash dated January 8, 1998.

99.2           Press Release: Cendant Corporation Completes Tender Offer for
               Jackson Hewitt Inc. dated January 6, 1998.






                                    SIGNATURE



     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.



                                   CENDANT CORPORATION



                                   By:  /s/     James E. Buckman
                                               James E. Buckman
                                               Senior Executive Vice President
                                               and General Counsel


Date: January 14, 1998































                                HFS INCORPORATED
                           CURRENT REPORT ON FORM 8-K
                 Report Dated January 14, 1998 (January 7, 1998)


                                  EXHIBIT INDEX


Exhibit No.       Description

99.1              Press Release: Cendant Completes Acquisition of Jackson Hewitt
                  Inc. for $480 million in Cash dated January 8, 1998.

99.2              Press Release: Cendant Corporation Completes Tender Offer for
                  Jackson Hewitt Inc. dated January 6, 1998.