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): January 2, 2002


                            THE PROFIT RECOVERY GROUP
                               INTERNATIONAL, INC.
               (Exact name of registrant as specified in charter)

                        Commission File Number 000-28000

                 Georgia                                    58-2213805
     (State or other jurisdiction of               (IRS Employer Identification
              incorporation)                                   No.)




               2300 Windy Ridge Parkway
                   Suite 100 North
                   Atlanta, Georgia                               30339-8426
       (Address of principal executive offices)                   (Zip Code)



        Registrant's telephone number including area code (770) 779-3900





          (Former name or former address, if changed since last report)
                                       N/A





Item 5.  Other Events.

On January 2, 2002, The Profit Recovery Group  International Inc. ("PRG") issued
a press release  announcing that it has secured a new bank credit facility which
replaces its existing  one. The new  facility,  which was closed on December 31,
2001 and underwritten by Bank of America,  has a maximum  borrowing  capacity of
$75 million and a term of three years.  Immediately following the closing to the
Howard Schultz & Associates  International,  Inc.  acquisition,  PRG will have a
borrowing capacity of $50 million under the facility. PRG hereby incorporates by
reference herein the information set forth in its Press Release dated January 2,
2002, a copy of which is attached hereto as Exhibit 99.1.

Except for the historical  information  contained in this report, the statements
made by PRG are forward looking statements that involve risks and uncertainties.
All such  statements  are  subject to the safe  harbor  created  by the  Private
Securities  Litigation  Reform Act of 1995. PRG's future  financial  performance
could differ  significantly from the expectations of management and from results
expressed or implied in the Press Release. For further information on other risk
factors, please refer to the "Risk Factors" contained in PRG's Current Report on
Form 8-K filed on December 17, 2001 with the Securities and Exchange Commission.

Item 7.  Financial Statements and Exhibits.

(a)  Financial Statements.

     Not applicable.

(b)  Pro Forma Financial Information.

     Not applicable.

(c)  Exhibits.

     Exhibit Number     Description

     99.1               Press Release dated January 2, 2002





                                    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 hereunto duly authorized.

                                 THE PROFIT RECOVERY GROUP
                                 INTERNATIONAL, INC.



Date:  January 2, 2002           By: /s/    Clinton McKellar, Jr.
                                       ----------------------------------
                                        Clinton McKellar, Jr.,
                                        Senior Vice President, General Counsel
                                     and Secretary