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



                                NOVEMBER 2, 1994
                Date of Report (Date of earliest event reported)



                               BEST BUY CO., INC.
               (Exact name of registrant as specified in charter)


           MINNESOTA                 1-9595                 41-0907483
        (State or other         (Commission File         (I.R.S. Employer
        jurisdiction of              Number)            Identification No.)
        incorporation)


7075 Flying Cloud Drive, Eden Prairie, Minnesota               55344
      (Address of principal executive offices)              (Zip Code)


                                  612\947-2000
              (Registrant's telephone number, including area code)


                                      None.
          (Former name or former address, if changed since last report)



Item 5.   Other Events.

     Included herewith are the forms of the following documents to be executed
in connection with the offering of 6-1/2% Convertible Monthly Income Preferred
Securities of Best Buy Capital, L.P., a Delaware limited partnership of which
the registrant is the general partner ("Capital"), earlier versions of which
were filed with the Registration Statement on Form S-3 of the registrant and
Capital (Reg. Nos. 33-55701 and 33-55701-01) having the exhibit numbers
indicated (except for Exhibit 4.8 hereto which has not been previously filed):

NUMBER                   DESCRIPTION
- - ------                   -----------
2.2            Form of Amended and Restated Agreement of Limited  Partnership of
               Best Buy Capital, L.P.

3.3            Form of Certificate of Designation with respect to  Best Buy
               Series A Preferred Stock

4.1            Form of Best Buy Capital Preferred Securities  Certificate
               (included in 2.2)

4.2            Form of Best Buy Series A Preferred Stock  Certificate

4.3            Form of Indenture

4.4            Form of Subordinated Debenture (included in 4.3)

4.5            Form of Guarantee Agreement

4.6            Form of Deposit Agreement with respect to Best Buy  Series A
               Cumulative Preferred Stock

4.8            Form of Depositary Receipt (included in 4.6)


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                                    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.


                                        BEST BUY CO., INC.
                                           (Registrant)



Date:  November 2, 1994            By:  /s/ Elliot S. Kaplan
                                      ---------------------------
                                      Elliot S. Kaplan, Secretary


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