SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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                                    Form 8-K
              CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

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                       February 4, 1998 (February 4, 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 December 17, 1997,  Cendant  Corporation (the "Company"),  formerly named CUC
International Inc. ("CUC") completed a merger with HFS Incorporated ("HFS") (the
"Merger") which was accounted for as a pooling of interests.

To qualify for pooling of  interests  accounting,  the  Securities  and Exchange
Commission in its Accounting  Series  Release No. 135 ("ASR No. 135")  prohibits
affiliates of a company that is a party to a business  combination  from selling
any common  stock  received  in such  business  combination  accounted  for as a
pooling of interests until such time as financial  results  covering at least 30
days of post-merger combined operations have been published, other than sales in
a de minimis amount.  In accordance  with ASR No. 135 and certain  provisions of
the Agreement and Plan of Merger dated as of May 27, 1997,  between CUC and HFS,
the combined  results of operations for the month ended January 31, 1998 were as
follows:

               Net revenue               $         450,635
               Net income                $          70,586

The  above  results  have been  prepared  and  published  only for  purposes  of
complying with the above contractual  requirements and with pooling of interests
accounting  requirements  and  therefore  are not  indicative  or  predictive of
results for any interim period or for the calendar year ended December 31, 1998.




                                                    



                                   SIGNATURES



     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/ Scott E. Forbes
                                 Scott E. Forbes
                                 Senior Vice President-Finance
                                 and Chief Accounting Officer


Date: February 4, 1998