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 - FEBRUARY 29, 1996
                (Date of Earliest Event Reported)
                                 
                                 CHYRON CORPORATION
       (Exact name of registrant as specified in its charter)
                                  
       
                New York                     1-9014               11-2117385
       (State or other jurisdiction (Commission File Number) (I.R.S. Employer
       of incorporation                                   Identification No.)
       
       
                           5 HUB DRIVE
                     MELVILLE, NEW YORK 11747
             (Address of Principal executive offices)
                                 
                                         

   Registrant's telephone number, including area code: (516) 845-2000



       ITEM 5.  OTHER EVENTS
       
       On February 29, 1996, Chyron Corporation, a New York
       Corporation ("Chyron"), acquired shares of preferred stock (the
       "Preferred Stock") of R.T.-Set Real Time Synthesized
       Entertainment Technology Ltd., an Israel corporation ("RT
       Set"), which shares are convertible into 19% of the issued and
       outstanding Common Stock of RT Set, par value 1 NIS per share. 
       Chyron purchased the Preferred Stock in exchange for 2,400,000
       shares of Chyron Common Stock.  This exchange was made pursuant
       to an agreement (the "Agreement"), dated as of February 2,
       1996.  Pursuant to the Agreement, Chyron retains an option to
       increase its equity position in RT Set to up to 51% of RT Set's
       Common Stock, in exchange for additional shares of Chyron
       Common Stock.
       
       RT Set develops, markets and sells real time virtual studio set
       software and proprietary communications hardware that operate
       on Silicon GraphicsTM systems.  RT Set's products were exhibited
       at the April 1995 National Association of Broadcasters
       Convention (NAB) in Las Vegas and at the September 1995
       International Broadcast Convention (IBC) in Amsterdam.  In
       November 1995, RT Set initiated customer site demonstrations
       both in the United States and overseas.
       
       Chyron will assist in marketing, sales and distribution of RT
       Set's Virtual Reality Studio Systems alongside RT Set's own
       specialized sales terms.  Chyron will also provide
       infrastructure for installation, service and support functions
       on a worldwide basis.
       
       
       
       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.
       
       
       CHYRON CORPORATION
       
       
       By:    /s/ Patricia Lampe          
           Name:  Patricia Lampe
           Title: Chief Financial Officer
                  and Treasurer
       
       
       Date:  March 14, 1996