8-K

                        SECURITIES AND EXCHANGE COMMISSION  
                               WASHINGTON, D.C. 20549  
                                      FORM 8-K  
  
                                    
                                    CURRENT REPORT  
                        PURSUANT TO SECTION 12 OR 15(d) OF THE   
                           SECURITIES EXCHANGE ACT OF 1934  
  
Date of Report (Date of earliest event reported):      January 12, 1999  
                                                       ----------------
  
  
                               ARROW ELECTRONICS, INC.  
               (Exact Name of Registrant as Specified in Charter)  
  
      New York                     1-4482                      11-1806155  
- ----------------------------------------------------------------------------
(State or Other Juris-         (Commission File             (IRS Employer  
diction of Incorporation)           Number)              Identification No.)  
  
  
   25 Hub Drive, Melville, New York                              11747  
- ----------------------------------------------------------------------------  
(Address of Principal Executive Offices)                        Zip Code  
  
  
Registrant's telephone number, including area code:  (516) 391-1300  
  
  
Item 5. Other Events.  
        ------------- 
        On January 12, 1999, Arrow Electronics, Inc. announced that its 
earnings for the fourth quarter of 1998 are likely to be below analysts' 
expectations.  
  
  
Item 7. Financial statements, Pro Forma Financial Information and Exhibits  
        ------------------------------------------------------------------  
(a)     Not applicable.  
  
(b)     Not applicable.  
  
(c)     Exhibit 99 (i) Press Release dated January 12, 1999, issued by Arrow 
        Electronics, Inc. announcing that its earnings for the fourth quarter 
        of 1998 are likely to be below analysts' expectations.  
  
  
  
  
  
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 hereunto duly authorized.  
  

                                                ARROW ELECTRONICS, INC.  
  
  
  
  
Dated:  January 12, 1999                       By: /s/Robert E. Klatell  
                                                   --------------------
                                               Name:  Robert E. Klatell  
                                               Title: Executive Vice President
  
  
  
  
  
EXHIBIT INDEX  
  
  
Exhibit                                                          Page #  
  
  99      Press Release dated January 12, 1999, issued  
          by Arrow Electronics, Inc. announcing that  
          its earnings for the fourth quarter of 1998  
          are likely to be below analysts' expectations.  
  

EX-99

  

ARROW ELECTRONICS, INC.  
25 Hub Drive   
Melville, New York 11747-3409  
  
  
              ARROW ELECTRONICS ANTICIPATES LOWER FOURTH QUARTER EARNINGS  
              -----------------------------------------------------------  
  
  
  
FOR IMMEDIATE RELEASE  
- ---------------------  
  
MELVILLE, NEW YORK, January 12, 1999 -- Arrow Electronics, Inc. 
(NYSE:ARW) announced that fourth quarter earnings are likely to be 
below analysts' expectations.  The company indicated that the decrease 
in earnings was principally attributable to lower than expected sales
in Northern and Central Europe, coupled with continued pressure on gross 
profit margins in the company's North American components operations and 
certain Asian markets.  Gates/Arrow Distributing, the Arrow subsidiary 
that distributes computer products in North America, continued to operate 
at satisfactory levels and reported sales and operating income ahead of 
the third quarter.  
  
Based upon preliminary results for the quarter, the company believes 
that fourth quarter earnings are expected to be between $.30 and $.35 
per share on a fully diluted basis.  This compares with $.37 per share   
in the third quarter of 1998 and $.53 per share in the fourth quarter 
of 1997.  
  
Arrow Electronics is the world's largest distributor of electronic 
components and computer products, with 1997 sales of $7.8 billion.  
Headquartered in Melville, New York, Arrow serves as a supply channel   
partner for more than 600 suppliers and 160,000 original equipment 
manufacturers and commercial customers through more than 200 sales 
facilities and 26 distribution centers in 32 countries.  Detailed   
information about Arrow's operations can be found at www.arrow.com.  
 

                           # # #  

         
CONTACT:         Robert E. Klatell    
                 Executive Vice President  
                 516-391-1300  
  
  
  
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward-looking statements.  This press release 
contains forward-looking statements based on current expectations 
that could be affected by the risks and uncertainties involved in 
the company's business.  These risks and uncertainties include, but
are not limited to, the effect of economic and market conditions, 
opportunities for acquisitions and the company's ability to 
effectively integrate acquired companies, risks associated with   
foreign operations, such as currency fluctuations, possible 
increases in shipping rates or interruptions in shipping service,
the addition or loss of suppliers, allocation of products by 
suppliers, changes in market demand and pricing pressure, the level 
and volatility of interest rates, the impact of current or pending   
legislation and regulations, fluctuation in quarterly results, as 
well as the risks described from time to time in the company's 
reports to the Securities and Exchange Commission, including the 
company's Annual Report on Form 10-K.