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): July 31, 2000


                             AMERICAN SKIING COMPANY
             (Exact name of Registrant as specified in its charter)


  Delaware                         1-13507                     04-3373730
(State or other                    (Commission               (I.R.S. Employer
jurisdiction of                    File Number)              Identification No.)
incorporation)


P.O. Box 450, Bethel, Maine                              04217
(Address of principal executive offices)               (Zip Code)


Registrant's telephone number, including area code:   (207) 824-5196

Former name or former address, if changed since last report:  Not Applicable



Item 5. Other Events.

                  See Press Release attached as Exhibit 99.1 hereto.



Item 7.  Financial Statements and Exhibits.

         (a)      Financial statements of businesses acquired.

                  None.

         (b)      Pro forma financial information.

                  None.

         (c)      Exhibits.

                  2.1.     Securities  Purchase  Agreement  dated July 31,  2000
                           among the Registrant,  American Skiing Company Resort
                           Properties, Inc. and Oak Hill Capital Partners, L.P.

                  10.1     Second Amended and Restated  Credit  Agreement  dated
                           July 31, 2000 among  American  Skiing  Company Resort
                           Properties,  Inc., Fleet National Bank, as Agent, and
                           the other Lenders party thereto.

                  10.2     Amendment to  Stockholders'  Agreement dated July 31,
                           2000 among the Registrant, Oak Hill Capital Partners,
                           L.P. and Leslie B. Otten

                  99.1.    Press Release  issued by the  Registrant on August 2,
                           2000.






                                  EXHIBIT INDEX


Exhibit
  No.                              Description


2.1.     Securities Purchase Agreement dated July 31, 2000 among the Registrant,
         American  Skiing Company Resort  Properties,  Inc. and Oak Hill Capital
         Partners, L.P.

10.1     Second Amended and Restated Credit  Agreement dated July 31, 2000 among
         American Skiing Company Resort  Properties,  Inc., Fleet National Bank,
         as Agent, and the other Lenders party thereto

10.2     Amendment  to  Stockholders'  Agreement  dated July 31,  2000 among the
         Registrant, Oak Hill Capital Partners, L.P. and Leslie B. Otten

99.1.    Press Release issued by the Registrant on August 2, 2000.






                                   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.

                             AMERICAN SKIING COMPANY



Date:    August 2, 2000              /s/ Mark J. Miller
                             -----------------------------------------------
                             Name:      Mark J. Miller
                             Title:     Senior Vice President
                                        Chief Financial Officer
                                        (Principal Financial and
                                        Accounting Officer)

Date:    August 2, 2000              /s/ Christopher E. Howard
                             ------------------------------------------
                             Name:      Christopher E. Howard
                             Title:     Executive Vice President
                                        (Duly Authorized Officer)