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                                  UNITED STATES
                       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)
                           January 31, 2000

                         Commission file number 1-13163
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                    TRICON GLOBAL RESTAURANTS, INC.
        (Exact name of registrant as specified in its charter)

 North Carolina                                         13-3951308
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(State or other jurisdiction of                      (IRS Employer
of incorporation or organization)                    Identification No.)


            1441 Gardiner Lane, Louisville, Kentucky 40213
          (Address of principal executive offices) (Zip Code)


  Registrant's telephone number, including area code: (502) 874-8300


   Former name or former address, if changed since last report: N/A











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Item 5.   OTHER EVENTS

          On January 31, 2000,  TRICON Global  Restaurants,  Inc. issued a press
          release  addressing the bankruptcy  filing of Ameriserve,  its primary
          distributor  of food and dry goods in the U.S.,  and  announcing  that
          anticipated  fourth quarter and full-year  ongoing  operating EPS will
          exceed consensus  estimates.  A copy of such press release is attached
          hereto as Exhibit 99 and incorporated herein by reference.

Item 7.   FINANCIAL STATEMENTS AND EXHIBITS

          (c)  Exhibits

          99   Press  release  dated  January  31,  2000  from  TRICON  Global
               Restaurants, Inc.






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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.



                                 TRICON GLOBAL RESTAURANTS, INC.
                                 -------------------------------
                                         (Registrant)



Date:    January 31, 2000         /s/  Matthew M. Preston
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                                        Matthew M. Preston
                                        Assistant Secretary






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