8-K

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):  February 26, 2007

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

Delaware	1-13057	04-3373730
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

136 HEBER AVENUE, SUITE 303, PARK CITY, UTAH 84060
(Address of principal executive offices)

Registrant’s telephone number, including area code: (435) 615-0340

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

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):

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

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

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

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

Item 5.02(b).  Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers

On February 26, 2007, Leslie B. Otten resigned from the board of directors of American Skiing Company (the “Company”) effective immediately.

Item 9.01 Financial Statements and Exhibits.

(d)   Exhibits

Exhibit 99.1            Press Release dated February 26, 2007

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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 thereunto duly authorized.

Date: February 26, 2007	American Skiing Company
	By:	/s/ Foster A. Stewart, Jr.
		Name:	Foster A. Stewart, Jr.
		Title:	Senior Vice President and
			General Counsel

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INDEX TO EXHIBITS

99.1Press Release dated February 26, 2007

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EX-99.1

Exhibit 99.1

	News and information
	P.O. Box 4552 Park City, UT 84060 Phone: 435-615-0340  Fax: 435-615-4780 e-mail: investinfo@ascresorts.com

Date:  February 26, 2007	Contact:
	David Hirasawa
Release:  IMMEDIATE	American Skiing Company
	Investor and Media Communications
	435-615-0396

American Skiing Company Announces Resignation of Leslie B. Otten from Board of Directors

PARK CITY, UTAH — February 26, 2007 — American Skiing Company (OTCBB: AESK) announced today that it has accepted the resignation of Leslie B. Otten from the Company’s Board of Directors, effective immediately.

“Les Otten has been an integral member of the American Skiing Company board since he founded the Company in 1996,” said Board Chairman Steven B. Gruber.  “He was one of the real innovators in the ski industry and the Company has benefited greatly from his insights.  On behalf of the board, I would like to thank him for his service.”

“I leave the board with mixed feelings,” Otten said.  ”It’s been a pleasure to serve and help guide the Company and I wish everyone well.  I truly enjoyed my tenure with the board, but now it’s time to look at other options.”

About American Skiing Company

Headquartered in Park City, Utah, American Skiing Company is one of the largest operators of alpine ski, snowboard and golf resorts in the United States. Its resorts include Killington, Pico and Mount Snow in Vermont; Sunday River and Sugarloaf/USA in Maine; Attitash in New Hampshire; Steamboat in Colorado; and The Canyons in Utah. More information is available on the company’s web site, www.peaks.com.

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