SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20547



                                    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 1, 1998



                            THE SERVICEMASTER COMPANY
           (Exact name of registrant as specified in its certificate)

                         Commission File Number:




Delaware                            One ServiceMaster Way             36-3858106
                                    Downers Grove, IL 60515

(State or other jurisdiction        (Address of principal       (I.R.S. Employer
of incorporation or organization)    executive office)       Identification No.)




Registrant's telephone number, including area code:            (630)  271-1300



Item 5.           Other Events

Issuance of News Release  Regarding  Results of 1997 Operations and Execution of
Second Supplemental Indenture.

The ServiceMaster Company, a Delaware corporation (the "Company"), announced the
results of  operations  for 1997 through a news release  dated January 27, 1998.
The  Company's   operations   include  the   operations   of  its   predecessor,
ServiceMaster  Limited  Partnership,  a Delaware  limited  partnership,  for the
period January 1, 1997 to December 26, 1997.

On January 1, 1998,  the Company  entered into a Second  Supplemental  Indenture
with Harris Trust and Savings Bank, an Illinois banking corporation,  as Trustee
under the Indenture dated as of August 15, 1997 and the First Supplement thereto
also dated as of August 15, 1997 under which The  ServiceMaster  Company Limited
Partnership issued  $100,000,000  aggregate  principal amount of 6.95% Notes due
August 15, 2007 and $200,000,000  aggregate  principal amount of 7.45% Notes due
August 15,  2027.  The Second  Supplemental  Indenture  takes into  account  and
provides  for the  substitution  of the  Company  as the  parent  entity  in the
ServiceMaster  enterprise  pursuant to the  reincorporating  merger  effected on
December 26, 1997 and the mergers of ServiceMaster  Limited  Partnership and The
ServiceMaster Company Limited Partnership into the Company on January 1, 1998.


Item 7.           Financial  Statements and Exhibits

                  Financial Statements:

                  1.       Condensed Consolidated Balance Sheets of The
                           ServiceMaster Company at December 31, 1997 and 1996
                           (annexed to the News Release, Ex. 1).

                  2.       Condensed  Consolidated  Statements  of Cash Flows of
                           The   ServiceMaster   Company  for  the  years  ended
                           December  31,  1997  and  1996  (annexed  to the News
                           Release, Ex. 1).

                  3.       Consolidated    Statements    of    Income   of   The
                           ServiceMaster Company for the three and twelve months
                           ended   December  31,  1997  and  December  31,  1996
                           (annexed to the News Release, Ex. 1).

                  Exhibits:

                  1.       News Release dated January 27, 1998.

                  2.       Second    Supplemental    Indenture    between    The
                           ServiceMaster  Company  and Harris  Trust and Savings
                           Bank, an Illinois  banking  corporation,  dated as of
                           January 1, 1998 and  Supplemental  to Indenture Dated
                           as  of  August  15,   1997  and  First   Supplemental
                           Indenture Dated as of August 15, 1997.


Page 1




                                            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.

                               THE SERVICEMASTER COMPANY
                               (Registrant)


                               By:      /s/ Vernon T. Squires
                                        Sr. Vice President and General Counsel


Dated:  February 25, 1998


Page 2