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<SEC-DOCUMENT>0000912057-97-014334.txt : 19970429
<SEC-HEADER>0000912057-97-014334.hdr.sgml : 19970429
ACCESSION NUMBER:		0000912057-97-014334
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19970428
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		19970428
SROS:			NYSE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			POLARIS INDUSTRIES INC/MN
		CENTRAL INDEX KEY:			0000931015
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS TRANSPORTATION EQUIPMENT [3790]
		IRS NUMBER:				411790959
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11411
		FILM NUMBER:		97588723

	BUSINESS ADDRESS:	
		STREET 1:		1225 HIGHWAY 169 N
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55441
		BUSINESS PHONE:		6125420500

	MAIL ADDRESS:	
		STREET 1:		1225 HIGHWAY 169 N
		STREET 2:		425 LEXINGTON AVE
		CITY:			MINNESOTA
		STATE:			MN
		ZIP:			55441
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<DESCRIPTION>8-K
<TEXT>

<PAGE>


                                  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):  April 28, 1997



                             POLARIS INDUSTRIES INC.
             (Exact name of registrant as specified in its charter)

                          Commission File No.  1-11411

     MINNESOTA                                         41-1790959
     (State or other jurisdiction of                   (IRS Employer
     incorporation or organization)                     Identification No.)


     1225 Highway 169 North
     Minneapolis, Minnesota                            55441
     (Address of principal executive offices)          (Zip Code)

                                 (612) 542-0500
              (Registrant's telephone number, including area code)
<PAGE>


ITEM 5. OTHER EVENTS

     On April 28, 1997, Polaris Industries Inc. (the "Company") announced that
it would appeal a verdict against the Company announced by a Colorado court on
April 25, 1997.  Additional information regarding the litigation is included in
the press release filed as an exhibit to this report.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

     (c)  Exhibits

          EXHIBIT NO.              DESCRIPTION OF DOCUMENT

              99                   Press Release dated April 28, 1997

                                   Signatures

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrants have duly caused this report to be signed on their behalf by the
undersigned hereunto duly authorized.


Dated:   April 28, 1997       POLARIS INDUSTRIES INC.



                         By:  /s/  Michael W. Malone
                          --------------------------------------------
                              Michael W. Malone, Vice President - Finance
                              Chief Financial Officer and Secretary


<PAGE>


                              Exhibit Index
                              -------------
          EXHIBIT NO.                        DESCRIPTION

              99                             Press Release dated April 28, 1997


                                    2


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<DESCRIPTION>EXHIBIT 99
<TEXT>

<PAGE>


FOR IMMEDIATE RELEASE:

Contact:  Hall Wendel, Jr., Michael W. Malone          Chris Malecek
          Polaris Industries Inc.                      Shandwick USA
          612-542-0500                                 612-832-5000


                        POLARIS TO APPEAL COURT DECISION

     MINNEAPOLIS (April 28, 1997) - Polaris Industries Inc. (NYSE/PII) today
said it will appeal a $34 million Colorado court verdict against the company
announced late Friday.

     "We were both surprised and disappointed by the court's decision," said
Polaris CEO Hall Wendel. "We have strong arguments and we have instructed our
lawyers to appeal."

     The suit, involving a fuel injection system, was filed seven years ago.
Wendel said he expects the appeal process could take months and even years to
play out.

     "We are constantly on the cutting edge of new product development with 70
percent of our sales coming from products introduced in just the last three
years," Wendel said. "We are continually looking at new product ideas and I can
assure you that we never misappropriated anybody else's ideas or technology.
Additionally, this court affirmed that we did not infringe on any patents.

     "This is a one-time event with no impact on future operations," Wendel
said. "In fact, fuel injection is not included in any of our company's current
product lines.

     "With our strong balance sheet and cash flow, we will continue our
aggressive marketing programs and intensive new product development for
snowmobiles, all-terrain vehicles, personal watercraft and our new line of
Victory motorcycles."

     Polaris Industries Inc. designs, engineers, manufactures and markets
snowmobiles, all-terrain vehicles and personal watercraft for recreational and
utility use.  Polaris is the world's largest snowmobile manufacturer, and one of
the largest U.S. manufacturers of ATVs and personal watercraft.  Polaris
Industries Inc. trades on the New York Stock Exchange and Pacific Stock Exchange
under the symbol "PII."



<PAGE>


Polaris to Appeal Court Decision
April 28, 1997
Page 2 of 2

     Except for historical information contained herein, the matters set forth
in this news release, including, without limitation,  management's expectations
regarding the future conduct of the litigation described herein and the effect
of such litigation on the operations and financial results of the company are
forward-looking statements that involve the risks and uncertainties inherent in
litigation and the judicial appeals process which could cause actual results to
differ materially from those in the forward-looking statements.

                                     # # # #


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