8-K

                      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, 2001


                            BERKSHIRE HATHAWAY INC.
            (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


         DELAWARE                  1-04905        47-0813844
(STATE OR OTHER JURISDICTION    (COMMISSION    (I.R.S. EMPLOYER
     OF INCORPORATION)          FILE NUMBER)   IDENTIFICATION NO.)


                               1440 Kiewit Plaza
                             Omaha, Nebraska 68131
              (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)


      REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE  (402) 346-1400



ITEM 5.  OTHER EVENTS

          On February 27, 2001, Berkshire Hathaway Inc., Leucadia National
     Corporation, and The FINOVA Group Inc., issued a press release, dated
     February 27, 2001 (the "Press Release") announcing, among other things,
     that Berkshire Hathaway and Leucadia National, through a jointly owned
     entity, had entered into a commitment letter dated February 26, 2001, with
     FINOVA Group and its subsidiary FINOVA Capital Corporation, to loan $6
     billion to FINOVA Capital on a senior secured basis, subject to bankruptcy
     court approval and various other conditions.  A copy of the Press Release
     is attached hereto as Exhibit 99.1, and the information set forth therein
     is incorporated herein by reference.

          On February 28, 2001, FINOVA Group issued an additional press release,
     a copy of which is attached hereto as Exhibit 99.2, and the information set
     forth therein is incorporated herein by reference.


ITEM 7.  EXHIBITS

     99.1  Press release, dated February 27, 2001, issued by Berkshire Hathaway
           Inc., Leucadia National Corporation, and The FINOVA Group Inc.

     99.2  Press release, dated February 28, 2001, issued by The FINOVA Group
           Inc.


                                  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.


                              BERKSHIRE HATHAWAY INC.



                                /s/ Marc D. Hamburg
                              ___________________________________
Date:  February 28, 2001      By:  Marc D. Hamburg
                                   Vice President and
                                   Chief Financial Officer


EXHIBIT INDEX




Exhibit No.                          Description
               
99.1              Press release, dated February 27, 2001, issued by Berkshire
                  Hathaway Inc., Leucadia National Corporation, and The FINOVA
                  Group Inc.

99.2              Press release, dated February 28, 2001, issued by The
                  FINOVA Group Inc.

EX-99.1

                                                                    Exhibit 99.1


Contact at FINOVA:
Stuart Tashlik
480/636-5355

Contact at Berkshire Hathaway:
Marc Hamburg
402/346-1400

Contact at Leucadia:
Laura Ulbrandt
212/460-1977


   The FINOVA Group Inc. Announces Agreement with Berkshire Hathaway Inc. and
          Leucadia National Corporation for $6 Billion Loan Commitment

    FINOVA Capital Corporation Announces Moratorium on Principal Repayments

SCOTTSDALE, Ariz., Omaha, Neb. and New York, NY,  Feb. 27, 2001 - The FINOVA
Group Inc. (NYSE: FNV), Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) and
Leucadia National Corporation (NYSE and PCX: LUK) announced today that they have
entered into an agreement for a $6 billion loan to FINOVA Capital Corporation,
the principal operating subsidiary of The FINOVA Group Inc., in connection with
a restructuring of all of FINOVA Capital's outstanding bank and publicly traded
debt securities.  The restructuring will be accomplished pursuant to proceedings
under Chapter 11 of the United States Bankruptcy Code.  FINOVA expects to file a
petition for reorganization under Chapter 11 in the near future.

Subject to necessary approval of creditors and the court, FINOVA Capital will
use proceeds of this $6 billion senior secured five year term loan to pay down,
at par value, its existing bank and publicly traded indebtedness on a pro rata
basis.  The balance of FINOVA Capital's bank and bond indebtedness will be
restructured into approximately $5 billion of new senior notes of FINOVA.

The $6 billion loan will be made by Berkadia LLC, an entity formed for this
purpose and owned jointly by Berkshire Hathaway and Leucadia.  Berkadia has
received a $60 million commitment fee and, in addition to certain other fees,
will receive an additional $60 million fee upon funding under the agreement.
Berkadia's commitment for the loan has been guaranteed by Berkshire Hathaway and
Leucadia and expires on August 31, 2001, or earlier, if certain conditions are
not satisfied.  Berkadia expects to finance its funding commitment and Berkshire
Hathaway will provide Berkadia's lenders with a 90% primary guarantee of such
financing, with Leucadia providing a 10% primary guarantee and Berkshire
providing a secondary guarantee of Leucadia's guarantee.  Upon completion of the
reorganization as currently contemplated, Berkshire Hathaway and Leucadia
together will receive common stock representing 51% of FINOVA's outstanding
shares and the public will retain its existing shares.  Berkadia will be
entitled to designate a majority of FINOVA's board of directors.

FINOVA currently has cash on hand of approximately $1 billion, which will be
available in the bankruptcy proceedings to address commitments to customers,
operating expenses, claims and expenses of the bankruptcy and expenses related
to the consummation of the restructuring.



In connection with the agreements, FINOVA and Leucadia have entered into a 10-
year management agreement under which Leucadia is providing general management
services to FINOVA in exchange for an $8 million annual fee. Lawrence S.
Hershfield, an executive of Leucadia, has been appointed Chief Restructuring
Officer of FINOVA and will work closely with a special committee of FINOVA's
board of directors to complete the restructuring.

Completion of the transaction is subject to negotiation and approval of
definitive loan documentation, Berkadia's approval of the terms and conditions
of FINOVA's restructuring plan and bankruptcy court and necessary creditor
approval of the plan of reorganization.

In connection with the agreements, FINOVA Capital announced a moratorium on
repayment of principal on its outstanding bank and bond debt.  The purpose of
the moratorium is to help assure that all creditors are treated equitably in the
debt restructuring process.  It is the company's intention to schedule a meeting
with creditors in the near future.

The FINOVA Group Inc., through its principal operating subsidiary, FINOVA
Capital Corporation, is a financial services company focused on providing a
broad range of capital solutions primarily to midsize business.  FINOVA is
headquartered in Scottsdale, Ariz., with business development offices throughout
the U.S. and London, U.K., and Toronto, Canada.  For more information, visit the
company's website at www.finova.com.

Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a
number of diverse business activities.  The most important of these businesses
is the property and casualty insurance business conducted on both a direct and
reinsurance basis through a number of subsidiaries.

Leucadia National Corporation is a holding company for its consolidated
subsidiaries engaged in property and casualty insurance (through Empire
Insurance Company and Allcity Insurance Company), manufacturing (through its
Plastics Division), banking and lending (principally through American Investment
Bank, N.A.) and mining (through MK Gold Company).


This news release contains forward-looking statements such as predictions or
forecasts.  FINOVA, Berkshire Hathaway and Leucadia assume no obligation to
update those statements to reflect actual results, changes in assumptions or
other factors.  The forward-looking statements are subject to known and unknown
risks, uncertainties and other factors that could cause actual results to differ
materially from those projected.  Those factors include FINOVA's ability to
address its financing requirements in light of its existing debt obligations and
market conditions; pending and potential litigation related to charges to
earnings; the results of efforts to implement FINOVA's business strategy,
including the ability to complete a debt restructuring and the transaction noted
above; the ability to attract and retain key personnel and customers; conditions
that adversely impact FINOVA's borrowers and their ability to meet their
obligations to FINOVA; actual results in connection with continuing or
discontinued operations; the adequacy of FINOVA's loan loss reserves and other
risks detailed in FINOVA's SEC reports, including page 15 of FINOVA's 10-K for
1999.

                                    #  #  #

EX-99.2

                                                                    Exhibit 99.2

   The FINOVA Group Inc. Provides Additional Details Regarding Proposed Debt
                                 Restructuring

SCOTTSDALE, Ariz., Feb. 28 /PRNewswire/ -- The FINOVA Group Inc. (NYSE: FNV)
announced yesterday a $6 billion loan commitment from Berkshire Hathaway Inc.,
Leucadia National Corporation and Berkadia LLC to FINOVA Group's principal
subsidiary, FINOVA Capital Corporation, in connection with a restructuring of
all of FINOVA Capital's outstanding bank and publicly traded debt securities.
The information in this press release is intended to provide additional details
regarding the proposed restructuring. As previously disclosed, the restructuring
will be accomplished pursuant to proceedings under Chapter 11 of the United
States Bankruptcy Code. In order to facilitate the restructuring, FINOVA Group
expects that FINOVA Group, FINOVA Capital and certain other subsidiaries,
including FINOVA Finance Trust, will file petitions for Chapter 11
reorganization.

Subject to necessary approval of creditors and the bankruptcy court, FINOVA
Capital will use proceeds of the $6 billion senior secured five-year term loan
to pay down, at par value, its existing bank and publicly traded indebtedness on
a pro rata basis. The balance of FINOVA Capital's bank and bond indebtedness
will be restructured into approximately $5 billion of new ten-year senior notes
of FINOVA Group.

The commitment sets forth the principal terms of the proposed term loan to
FINOVA Capital and senior notes of FINOVA Group. A copy of the commitment is
being filed by FINOVA Group as one of the exhibits to a Current Report on Form
8-K to be filed today with the Securities and Exchange Commission. More detailed
information about the proposed terms of the financings is included in the
commitment.

The term loan will be secured by all assets of FINOVA Capital and will bear
interest at an annual rate equal to the greater of 9% or LIBOR plus 3%. Interest
on the term loan will be payable quarterly. In addition, an annual facility fee
will be payable at the rate of 25 basis points on the outstanding principal
amount of the term loan. After payment of accrued interest on the term loan and
operating and other corporate expenses, providing for reserves and payment of
accrued interest on the FINOVA Group senior notes, 100% of excess cash flow and
net proceeds from asset sales will be used to make mandatory prepayments of
principal on the term loan without premium. Any remaining principal and accrued
and unpaid interest on the term loan will be due at maturity. The term loan will
be guaranteed on a secured basis by FINOVA Group and substantially all
subsidiaries of FINOVA Group and FINOVA Capital.

The senior notes will bear interest, payable semi-annually out of available
cash, at the weighted average rate of FINOVA Capital's currently outstanding
bank and bond debt and will be secured by a second priority security interest in
the stock of FINOVA Capital and FINOVA Group's other assets. Enforcement of the
senior note security interests will not be allowed until the term loan is paid
in full. Available cash from FINOVA Capital, after paying accrued interest on
the term loan and operating and other corporate expenses and providing for
reserves, will be used to pay accrued interest on the senior notes. No payments
of principal will be made on the senior notes until the term loan is paid in
full. After payment in full of the term loan, available cash flow from FINOVA
Capital, after paying operating and other corporate expenses, providing for
reserves and paying accrued interest on the senior notes, will be used first to
fund a reserve to pay dividends on FINOVA


Group's outstanding Trust Originated Preferred Securities and then to make semi-
annual prepayments of principal on the senior notes and distributions to FINOVA
Group common stockholders. 95% of the remaining available cash will be used for
principal payments on the senior notes and 5% will be used for distributions to
stockholders. After payment in full of the outstanding principal of the senior
notes, 95% of any available cash of FINOVA Capital will be used to pay
additional interest to senior noteholders in an aggregate amount up to $100
million.

Completion of the transactions contemplated by the commitment is subject to
negotiation and approval of definitive loan documentation, Berkadia's approval
of the terms and conditions of FINOVA Group's and FINOVA Capital's restructuring
plan and bankruptcy court and necessary creditor approval of the plan of
reorganization.

Pursuant to its announced moratorium on repayment of principal on its
outstanding bank and bond debt, FINOVA Capital did not make a $50 million
principal payment due February 27, 2001 on its 5.98% Notes due 2001. FINOVA
Capital did pay accrued interest on those notes.

The FINOVA Group Inc., through its principal operating subsidiary, FINOVA
Capital Corporation, is a financial services company focused on providing a
broad range of capital solutions primarily to midsize business. FINOVA is
headquartered in Scottsdale, Ariz., with business development offices throughout
the U.S. and London, U.K., and Toronto, Canada. For more information, visit the
company's website at www.finova.com.

This news release contains forward-looking statements such as predictions or
forecasts. FINOVA assumes no obligation to update those statements to reflect
actual results, changes in assumptions or other factors. The forward- looking
statements are subject to known and unknown risks, uncertainties and other
factors that could cause actual results to differ materially from those
projected. Those factors include FINOVA's ability to address its financing
requirements in light of its existing debt obligations and market conditions;
pending and potential litigation related to charges to earnings; the results of
efforts to implement FINOVA's business strategy, including the ability to
complete a debt restructuring and the transaction noted above; the ability to
attract and retain key personnel and customers; conditions that adversely impact
FINOVA's borrowers and their ability to meet their obligations to FINOVA; actual
results in connection with continuing or discontinued operations; the adequacy
of FINOVA's loan loss reserves and other risks detailed in FINOVA's SEC reports,
including page 15 of FINOVA's 10-K for 1999.


SOURCE The FINOVA Group Inc.

CONTACT: Stuart Tashlik of FINOVA, 480-636-5355/