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) October 25, 1996
CUC International Inc.
(Exact name of Registrant as specified in charter)
Delaware 1-10308 06-0918165
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
707 Summer Street
Stamford, Connecticut 06901
(Address of principal executive offices) (Zip Code)
(203)324-9261
(Registrant's telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report.)
ITEM 5. OTHER EVENTS
Post-Acquisition Financial Results
On August 29, 1996, FISI*Madison Financial Corporation, a wholly-
owned subsidiary of CUC International Inc. (the "Company"),
acquired substantially all of the assets and liabilities of
Kevlin Services, Incorporated ("Kevlin"), pursuant to the terms
of an Agreement and Plan of Reorganization dated the same date.
Kevlin, which is based in Dallas, Texas, provides membership-
based consumer services, including accidental death and
dismemberment insurance, to and for the benefit of financial
institutions. This acquisition is being accounted for as a
pooling-of-interests.
On September 23, 1996, the Company acquired all of the
outstanding capital stock of Dine-A-Mate, Inc. ("Dine-A-Mate"), a
New York corporation which publishes discount coupon books. This
acquisition is being accounted for as a pooling-of-interests.
The following is a summary of certain interim financial results
of the Company, on a consolidated basis, reflecting the combined
operations of the Company, Kevlin and Dine-A-Mate.
For the one-month period ended October 25, 1996, the Company had
consolidated revenues and net income of approximately $197
million and $23.7 million ($.06 per share), respectively. The
weighted average number of shares of the Company's common stock
outstanding for this period was approximately 406 million shares,
adjusted to give effect to the Company's 3-for-2 stock split, in
the form of a stock dividend, effected on October 21, 1996.
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.
CUC International Inc.
(Registrant)
Date: October 28, 1996 By: COSMO CORIGLIANO
Cosmo Corigliano - Senior Vice President
and Chief Financial Officer
(Principal Financial and Accounting Officer)