TELLABS INC
10-C, 1995-05-25
TELEPHONE & TELEGRAPH APPARATUS
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                   SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON, DC  20549

                               FORM 10-C

          REPORT BY ISSUER OF SECURITIES QUOTED ON THE NASDAQ
       STOCK MARKET, FILED PURSUANT TO SECTION 13 OR 15(d) OF THE
 SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17 OR 15d-17 THEREUNDER.

                             TELLABS, INC.
             (Exact name of issuer as specified in charter)

               4951 INDIANA AVENUE, LISLE, ILLINOIS 60532
                (Address of principal executive offices)

Issuer's telephone number (including area code)  (708) 969-8800
                                                 -----------------------
I.	CHANGE IN NUMBER OF SHARES OUTSTANDING
    Indicate any change (increase or decrease) of five percent or more
    in the number of shares outstanding:

1.  Title of security  Common Stock
                       -------------------------------------------------
2.  Number of shares outstanding before the change  44,121,031*
                                                    --------------------
3.  Number of shares outstanding after the change  88,242,062*
                                                   ---------------------
4.  Effective date of change  May 19, 1995
                              ------------------------------------------
5.  Method of change  Increase in shares outstanding
                      --------------------------------------------------

    Specify method (such as merger, acquisition, exchange, distribution,
    stock split, reverse split, acquisition of stock for treasury, etc.)

              Stock split in the form of a stock dividend
    --------------------------------------------------------------------

Give brief description of transaction  The Board of Directors of
                                       ---------------------------------
Tellabs, Inc. declared a 2-for-1 stock split to be accomplished in the
------------------------------------------------------------------------
form of a stock dividend which was distributed on May 19, 1995 to
------------------------------------------------------------------------
stockholders of record as of May 3, 1995.
------------------------------------------------------------------------

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II. CHANGE IN NAME OF ISSUER

1.  Name prior to change  Not applicable
                          ----------------------------------------------
2.  Name after change  Not applicable
                       -------------------------------------------------
3.  Effective date of charter amendment changing name  Not applicable
                                                       -----------------
4.  Date of shareholder approval of change, if required  Not applicable
                                                         ---------------

    Date  May 25, 1995            /s/ Carol Coghlan Gavin
                                  --------------------------------------
                                  Carol Coghlan Gavin
                                  Secretary

-------------------------
* Excludes stock options granted but unexercised and available for grant.


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