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) September 26, 1997

                               IKON CAPITAL, INC.
                     -------------------------------------
             (Exact name of registrant as specified in its charter)



             DELAWARE        File No. 0-20405     23-2493042
          -----------------  ----------------   --------------
          (State or other    (Commission File   (IRS Employer
          jurisdiction of    Number)            Identification
          incorporation)                        Number)



                     1738 Bass Road, Macon, Georgia  31210
                     ------------------------------  -----
                                        

       Registrant's telephone number, including area code: (912) 471-2300
                                                           --------------

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

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

     On September 26, 1997, the Registrant's parent, IKON Office Solutions, Inc.
     ("IKON"), issued a press release indicating that it plans to release fourth
     quarter and fiscal 1997 earnings on October 15, 1997, and indicating that
     IKON expects earnings per share from continuing operations, excluding
     transformation charges, to be within the range of $.33-.36 for the quarter.

     This Report includes or incorporates by reference information which may
     constitute forward-looking statements about the Registrant or IKON made
     pursuant to the safe harbor provisions of the federal securities laws.
     Although the Registrant believes the expectations contained in such
     forward-looking statements are reasonable, no assurances can be given that
     such expectations will prove correct. Such forward-looking information is
     based on the Registrant's or IKON's current plans or expectations, and is
     subject to risks and uncertainties that could significantly affect the
     Registrant's and/or IKON's current plans, anticipated actions and future
     financial condition and results.  These uncertainties and risks include,
     but are not limited to, those relating to IKON's successful management of
     an aggressive program to acquire and integrate new companies, including
     companies with technical services and products that are relatively new to
     IKON, and also including companies outside the United States, which present
     additional risks relating to international operations; risks and
     uncertainties (applicable to both the Registrant and IKON) relating to
     conducting operations in a competitive environment; delays, difficulties,
     technological changes, management transitions and employment issues
     (applicable to both the Registrant and IKON) associated with a large-scale
     transformation project; debt service requirements (applicable to both the
     Registrant and IKON), including sensitivity to fluctuation in interest
     rates; and general economic conditions. As a consequence, current plans,
     anticipated actions and future financial condition and results may differ
     materially from those expressed in any forward-looking statements made by
     or on behalf of the Registrant or IKON.



Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.
         ------------------------------------------------------------------ 

                (c)      Exhibits.
                         -------- 

                (99)     Press Release dated September 26, 1997

 
                                   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 thereunto duly authorized.


                            IKON OFFICE SOLUTIONS, INC.



                            By: /s/ Harry Kozee
                               --------------------------
                                     Harry Kozee
                                     Vice President-Finance



Dated: September 26, 1997

 
                                Index to Exhibit
                                ----------------



          (99)  Press Release Dated September 26, 1997