UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 13F

                               FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: December 31, 2001

Check here if amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
                                  [ ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:     Central Securities Corporation
Address:  375 Park Avenue
          New York, New York 10152

13F File Number:  28-6578

The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:    Marlene A. Krumholz
Title:   Secretary
Phone:   212-688-3011
Signature, Place, and Date of Signing:

/s/ Marlene A. Krumholz      New York, New York     February 8, 2002

Report Type (Check only one.):

[X]     13F HOLDINGS REPORT.

[ ]     13F NOTICE.

[ ]     13F COMBINATION REPORT.

List of Other Managers Reporting for this Manager:

None

I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.




                              FORM 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers:             0

Form 13F Information Table Entry Total:       29

Form 13F Information Table Value Total:  429,780

List of Other Included Managers:

None



                           FORM 13F INFORMATION TABLE



                                                         VALUE    SHARES/  SH/  PUT/  INVSMT     OTHER            VOTING AUTHORITY
    NAME OF ISSUER         TITLE OF CLASS     CUSIP     (x$1000)  PRN AMT  PRN  CALL  DSCRETN   MANAGERS  SOLE    SHARED      NONE
       COLUMN 1               COLUMN 2       COLUMN 3   COLUMN 4           COLUMN 5   COLUMN 6  COLUMN 7          COLUMN 8
====================================================================================================================================
                                                                                                   
ACCENTURE LTD                  COMMON       G115OG 11 1    2692    100000     SH         SOLE             100000     0         0
AMERICAN  MGMT  SYSTEMS INC.   COMMON       027352 10 3   27120   1500000     SH         SOLE            1500000     0         0
ANALOG DEVICES , INC.          COMMON       032654 10 5   31517    710000     SH         SOLE             710000     0         0
ARVINMERITOR, INC.             COMMON       043353 10 1   10016    510000     SH         SOLE             510000     0         0
BANK OF NEW YORK CO., INC.     COMMON       064057 10 2   24480    600000     SH         SOLE             600000     0         0
BRADY CORPORATION              COMMON       104674 10 6   20510    560400     SH         SOLE             560400     0         0
BROADWING INC.                 COMMON       111620 10 0   10450   1100000     SH         SOLE            1100000     0         0
CAPITAL ONE FINANCIAL CORP.    COMMON       14040H 10 5   32370    600000     SH         SOLE             600000     0         0
CONVERGYS CORPORATION          COMMON       212485 10 6   25493    680000     SH         SOLE             680000     0         0
FLEXTRONICS INT'L. LTD.        COMMON       Y2573F 10 2   34786   1450000     SH         SOLE            1450000     0         0
GENUITY INC.                   CL A COMMON  37248E 10 3    5372   3400000     SH         SOLE            3400000     0         0
HOUSEHOLD INTERNATIONAL INC    COMMON       441815 10 7   23176    400000     SH         SOLE             400000     0         0
IMPATH, INC.                   COMMON       45255G 10 1   15578    350000     SH         SOLE             350000     0         0
INTEL CORPORATION              COMMON       458140 10 0   40885   1300000     SH         SOLE            1300000     0         0
KERR-MCGEE CORPORATION         COMMON       492386 10 7    8220    150000     SH         SOLE             150000     0         0
MOTOROLA, INC.                 COMMON       620076 10 9    4957    330000     SH         SOLE             330000     0         0
MURPHY OIL CORPORATION         COMMON       626717 10 2   25212    300000     SH         SOLE             300000     0         0
NEXTEL COMMUNICATIONS INC.     CL A COMMON  65332V 10 3    2630    240000     SH         SOLE             240000     0         0
PEERLESS SYSTEMS CORP.         COMMON       705536 10 0     494    395000     SH         SOLE             395000     0         0
POLYONE CORPORATION            COMMON       73179P 10 6   15680   1600000     SH         SOLE            1600000     0         0
PROBUSINESS SERVICES, INC.     COMMON       742674 10 4    3008    160000     SH         SOLE             160000     0         0
ROHM AND HAAS COMPANY          COMMON       775371 10 7   10389    300000     SH         SOLE             300000     0         0
SOLECTRON CORPORATION          COMMON       834182 10 7    5189    460000     SH         SOLE             460000     0         0
SUNGARD DATA SYSTEMS INC.      COMMON       867363 10 3   17358    600000     SH         SOLE             600000     0         0
TRANSPORT CORP OF AMERICA      COMMON       89385P 10 2    2936    533757     SH         SOLE             533757     0         0
UNISYS CORPORATION             COMMON       909214 10 8   15048   1200000     SH         SOLE            1200000     0         0
VICAL INCORPORATED             COMMON       925602 10 4    1224    100000     SH         SOLE             100000     0         0
WACHOVIA CORP.                 COMMON       929903 10 2    9408    300000     SH         SOLE             300000     0         0
WIND RIVER SYSTEMS, INC.       COMMON       973149 10 7    3582    200000     SH         SOLE             200000     0         0