FORM 8-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): May 14, 2001
                                                           ------------


                        TELEPHONE AND DATA SYSTEMS, INC.
                        --------------------------------
             (Exact name of registrant as specified in its charter)


Delaware                          1-14157                         36-2669023
--------                          -------                         ----------
(State or other                   (Commission                     (IRS Employer
jurisdiction of                   File Number)                    Identification
incorporation)                                                    No.)


   30 North LaSalle Street, Chicago, Illinois                            60602
------------------------------------------------                      ----------
    (Address of principal executive offices)                          (Zip Code)

Registrant's telephone number, including area code:  (312) 630-1900


                                 Not Applicable
                                 --------------
          (Former name or former address, if changed since last report)









Item 5.  Other Events.
         -------------

On May 14, 2001,  Telephone and Data Systems,  Inc.  entered into a $600 million
revolving credit agreement. This Current Report on Form 8-K is being filed for
the purpose of filing the Agreement.


Item 7.  Financial Statements and Exhibits
         ---------------------------------

         Exhibits
         --------
The exhibits accompanying this report are listed in the accompanying Exhibit
Index.






                                   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, thereto duly authorized.




Telephone and Data Systems, Inc.
(Registrant)

Date:    June 19, 2001


By:   /s/ D. Michael Jack
   ----------------------------------
D. Michael Jack
Vice President and Controller
(Principal Accounting Officer)





                                  EXHIBIT INDEX


Exhibit Number                    Description of Exhibit
--------------                    ----------------------

   99.1                           Revolving Credit Agreement dated May 14, 2001.