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: May 15, 2008

                                  TIFFANY & CO.

             (Exact name of Registrant as specified in its charter)



         Delaware                  1-9494               13-3228013
(State or other jurisdiction    (Commission          (I.R.S. Employer
     of incorporation)          File Number)        Identification No.)


727 Fifth Avenue, New York, New York                    10022
(Address of principal executive offices)              (Zip Code)


Registrant's telephone number, including area code:  (212) 755-8000

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))








Item 8.01       Other Events.

On May 15, 2008,  Registrant issued a press release announcing that its Board of
Directors  has declared a 13%  increase in the  quarterly  dividend  rate on its
Common Stock. This action increases the rate from $0.15 per share per quarter to
a new rate of $0.17 per share per quarter,  or $0.68 per share on an  annualized
basis.  The dividend will be paid on July 10, 2008 to  stockholders of record on
June 20, 2008.

A copy of the May 15, 2008 press  release is attached  hereto as Exhibit 99.1 to
this Form 8-K.


Item 9.01       Financial Statements and Exhibits.


     (c)        Exhibits


                99.1    Press Release dated May 15, 2008.








                                    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 thereunto duly authorized.


                                   TIFFANY & CO.


                               BY: /s/ Patrick B. Dorsey
                                   ________________________________

                                   Patrick B. Dorsey
                                   Senior Vice President, General Counsel
                                   and Secretary



Date:  May 15, 2008





                                  EXHIBIT INDEX


Exhibit No.       Description

99.1              Text of Press Release issued by Tiffany & Co., dated
                  May 15, 2008.