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):  September 17, 1998 

                              ACXIOM CORPORATION         
           (Exact name of registrant as specified in its charter) 

       Delaware                    0-13163                 71-0581897   
(State of other jurisdiction    (Commission              (IRS Employer 
  of incorporation)             File Number)             Identification No.) 

301 Industrial Boulevard, Conway, Arkansas                  72033-2000  
 (Address of principal executive offices)                   (Zip Code) 

 Registrant's telephone number, including area code:  (501) 336-1000 

 Former name or former address, if changed since last report; No change

 ITEM 5.   OTHER EVENTS. 
  
      At an annual meeting of stockholders (the "Annual Meeting") of Acxiom
 Corporation (the "Company"), held on September 17, 1998, the stockholders
 of the Company approved the acquisition of May & Speh, Inc. ("May & Speh")
 pursuant to a merger of a wholly owned subsidiary of the Company with and
 into May & Speh (the "Merger").  The Merger became effective on September
 17, 1998.  As a result of the Merger, the holders of the outstanding shares
 of May & Speh's common stock, $.01 par value (the "May & Speh Common
 Stock"), will receive 0.8 of a share of common stock, $.10 par value, of
 the Company for each share of May & Speh Common Stock held.  
  
      The Company incorporates by reference into the Current Report on Form
 8-K the additional information about the Merger set forth in the joint
 press release of the Company and May & Speh, dated September 17, 1998, a
 copy of which is attached hereto as Exhibit 99.1. 
  
 ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. 
       
      (c)  Exhibits 
  
      99.1  Joint Press Release of the Company and May & Speh dated
            September 17, 1998 (announcing consummation of Merger). 

      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. 

                               ACXIOM CORPORATION 

                               By:   /s/ Catherine L. Hughes  
                                    _________________________________
                                    Name:  Catherine L. Hughes 
                                    Title: Secretary and  
                                           General Counsel 

 Date:  September 18, 1998 

                               EXHIBIT INDEX

 EXHIBIT NO.                   DESCRIPTION     
  
      99.1  Joint Press Release of the Company and May & Speh
            dated September 17, 1998 (announcing consummation
            of Merger). 

                                                           Exhibit 99.1

 Acxiom Corporation                      May & Speh, Inc. 
 301 Industrial Blvd.                    1501 Opus Place 
 P.O. Box 2000                           Downers Grove, IL 60515-5713 
 Conway, AR 72233-2000                    
  
 For more information, contact:          For more information, contact: 
  
 Robert S. Bloom                         Eric Loughmiller 
 Company Finance Leader                  Chief Financial Officer 
 (501) 336-1321                          (630) 719-0432 

                   ACXIOM(R) CORPORATION AND MAY & SPEH, INC.
                              COMPLETE MERGER 
  
           CONWAY, AR AND DONWERS GROVE, IL, SEPTEMBER 17, 1998  
 Acxiom(R) Corporation (Nasdaq:  ACXM) and May & Speh, Inc.
 (Nasdaq
 SPEH) today jointly announced completion of their merger.  As a
 result of the merger, which became effective today following approval by
 the stockholders of each company, May & Speh will become a wholly-owned
 subsidiary of Acxiom.  Stockholders of May & Speh will receive .8 of a
 share of Acxiom common stock for each share of May & Speh common stock
 held. 

           May & Speh stockholders will be sent information explaining the
 procedures to be followed for exchanging their shares for shares of Acxiom
 common stock they are entitled to receive as a result of the merger.  Also
 in connection with the merger, Acxiom has announced that it will be a co-
 obligor of the May & Speh 51/4% Senior Subordinated Notes due 2003. 

           Charles D. Morgan, Chairman and Company Leader of Acxiom,
 commented, "The new company's joint resources are a very powerful
 combination.  Our product and services offerings will be significantly
 enhanced when we marry Acxiom's data with May and Speh's analytical
 capability and the combined know-how of our two companies.  We are very
 excited about the cost-saving and significant growth opportunities that the
 merger of the two companies will create." 

           An organizational alignment plan has been developed and approved
 and will be phased in over the next several months.  The new alignment,
 which will be effective and fully in place by April 1, 1999, will represent
 five Acxiom Divisions:  International (headquartered in London) and
 Outsourcing (headquartered in Chicago), as well as Financial, Data
 Products, and Services (headquartered in Conway).  The objective is to
 create maximum focus and synergy on the vertical industries, outsourcing
 opportunities and international development of the combined company. 

           Acxiom provides a wide spectrum of data products, data
 integration services, and mailing list services, as well as data
 warehousing and decision support services to major U.S. and international
 firms.  Founded in 1969, Acxiom is headquartered in Conway, Arkansas, with
 operations throughout the United States and in the United Kingdom and
 France. 

           Founded in 1947, May & Speh is a leading provider of technology-
 based information management services with a focus on direct marketing
 services and information technology (IT) outsourcing services.  The
 company's database marketing solutions help companies execute more
 profitable direct marketing and customer management programs.  Services
 include strategic analysis and management; systems consulting; data
 warehouse design and management; modeling and analysis; and list
 processing.  For companies looking to outsource all or part of their
 information systems operations, May & Speh provides IT services to support
 mainframe and mid-range (client/server) processing and network management.