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): January 21, 2003

American Classic Voyages Co.
(Exact Name of Registrant as Specified in Its Charter)

Delaware
(State or Other Jurisdiction of Incorporation)

0-9264 (Commission File Number)	31-0303330 (IRS Employer Identification Number)
Two North Riverside Plaza, Suite 600 Chicago, Illinois (Address of Principal Executive Offices)	60606 (Zip Code)

(312) 466-3171
(Registrant’s Telephone Number, Including Area Code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

TABLE OF CONTENTS

AMERICAN CLASSIC VOYAGES DEC.2002 OPERATING REPORT

GREAT OCEAN CRUISE DEC. 2002 OPERATING REPORT

GREAT AQ STEAMBOAT DEC.2002 OPERATING REPORT

CAPE MAY LIGHT DEC. 2002 OPERATING REPORT

CAPE COD LIGHT DEC. 2002 OPERATING REPORT

GREAT RIVER CRUISE DEC. 2002 OPERATING REPORT

DELTA QUEEN COASTAL DEC.2002 OPERATING REPORT

DQSC PROPERTY CO. DEC.2002 OPERATING REPORT

CRUISE AMERICAN TRAVEL DEC.2002 OPERATING REPORT

AMCV CRUISE OPERATIONS DEC.2002 OPERATING REPORT

CAT II, INC. DEC.2002 OPERATING REPORT

GREAT INDEPENDENCE SHIP DEC.2002 OPERATING REPORT

DELTA QUEEN STEAMBOAT DEC. 2002 OPERATIONG REPORT

GREAT HAWAIIAN PROPERTIES DEC. 02 OPERATING REPORT

OCEAN DEVELOPMENT DEC. 2002 OPERATING REPORT

AMCV HOLDINGS DEC. 2002 OPERATING REPORT

DQSB II, INC. DEC. 2002 OPERATING REPORT

GREAT HAWAIIAN CRUISE DEC.2002 OPERATING REPORT

AMERICAN HAWAII PROPERTIES DEC.02 OPERATING REPORT

GREAT PACIFIC NW CRUISE DEC. 02 OPERATING REPORT

Item 5. Other Events.

     As previously reported, on October 19, 2001, American Classic Voyages Co. (the “Company”) filed a voluntary petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code (“Chapter 11”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). On October 22, 2001, all of the Company’s subsidiaries other than Oceanic Ship Co., Project America, Inc., Project America Ship I, Inc. and Project America Ship II, Inc. (the “Non-Filing Subsidiaries”) filed a voluntary petition for bankruptcy protection under Chapter 11 in the Bankruptcy Court. On October 22, 2001, the Non-Filing Subsidiaries ceased all operations and the secured creditor, Holland America Line, took possession of the ms Patriot (the primary asset of Oceanic Ship Co.) in connection with the uncontested foreclosure of its maritime lien on the vessel. All subsidiaries of the Company other than the Non-Filing Subsidiaries are hereinafter referred to as the “Filing Subsidiaries.”

     Pursuant to the requirements of the previously disclosed filings under Chapter 11, on January 21, 2003, each of the Company and the Filing Subsidiaries filed a monthly operating report for the month ended December 31, 2002 (a “December 2002 Monthly Operating Report,” and collectively, the “Reports”) with the U.S. Trustee Office.

     The financial data included in the Reports is not audited. The Reports are in a format prescribed by applicable bankruptcy laws. There can be no assurance that, from the perspective of an investor or potential investor in the Company’s securities, the Reports are complete or presented on a basis consistent with the Company’s previous periodic filings. The Reports also contain information for periods different from those required in the Company’s reports pursuant to the Securities Exchange Act of 1934, as amended (“the Exchange Act”). This information might not be indicative of the Company’s financial condition or operating results for the period that would be reflected in the Company’s financial statements or in its reports pursuant to the Exchange Act. Results set forth in any of the Reports should not be viewed as indicative of future results.

     Copies of the Reports filed by each of the Company and the Filing Subsidiaries on January 21, 2003, are attached as Exhibits 99.1 through Exhibit 99.20 hereto.(1)

Item 7. Exhibits.

Exhibit
Number	Exhibit
99.1	American Classic Voyages Co. December 2002 Monthly Operating Report, filed January 21, 2003
99.2	Great Ocean Cruise Line, L.L.C. December 2002 Monthly Operating Report, filed January 21, 2003
99.3	Great AQ Steamboat, L.L.C. December 2002 Monthly Operating Report, filed January 21, 2003
99.4	Cape May Light, L.L.C. December 2002 Monthly Operating Report, filed January 21, 2003
99.5	Cape Cod Light, L.L.C. December 2002 Monthly Operating Report, filed January 21, 2003
99.6	Great River Cruise Line, L.L.C. December 2002 Monthly Operating Report, filed January 21, 2003
99.7	Delta Queen Coastal Voyages, L.L.C. December 2002 Monthly Operating Report, filed January 21, 2003
99.8	DQSC Property Co. December 2002 Monthly Operating Report, filed January 21, 2003
99.9	Cruise America Travel, Incorporated December 2002 Monthly Operating Report, filed January 21, 2003
99.10	AMCV Cruise Operations, Inc. December 2002 Monthly Operating Report, filed January 21, 2003

¹   The Reports are included herein in their entirety except for Attachment 3 — Bank and Investment Account Statements (“Attachment 3”), which has been omitted. A summary of the activity presented on the respective Attachments 3 is included on the respective Attachments 2 — Schedule of Receipts and Disbursements for each of the Company and the Filing Subsidiaries.

99.11	CAT II, Inc. December 2002 Monthly Operating Report, filed January 21, 2003
99.12	Great Independence Ship Co. December 2002 Monthly Operating Report, filed January 21, 2003
99.13	The Delta Queen Steamboat Co. December 2002 Monthly Operating Report, filed January 21, 2003
99.14	Great Hawaiian Properties Corporation December 2002 Monthly Operating Report, filed January 21, 2003
99.15	Ocean Development Co. December 2002 Monthly Operating Report, filed January 21, 2003
99.16	AMCV Holdings, Inc. December 2002 Monthly Operating Report, filed January 21, 2003
99.17	DQSB II, Inc. December 2002 Monthly Operating Report, filed January 21, 2003
99.18	Great Hawaiian Cruise Line, Inc. December 2002 Monthly Operating Report, filed January 21, 2003
99.19	American Hawaii Properties Corporation December 2002 Monthly Operating Report, filed January 21, 2003
99.20	Great Pacific NW Cruise Line, L.L.C. December 2002 Monthly Operating Report, filed January 21, 2003

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 CLASSIC VOYAGES CO.
Date: January 27, 2003	By:	/s/ JORDAN B. ALLEN
		Jordan B. Allen, Executive Vice President and General Counsel

Exhibit Index

Exhibit
Number	Exhibit
99.1	American Classic Voyages Co. December 2002 Monthly Operating Report, filed January 21, 2003
99.2	Great Ocean Cruise Line, L.L.C. December 2002 Monthly Operating Report, filed January 21, 2003
99.3	Great AQ Steamboat, L.L.C. December 2002 Monthly Operating Report, filed January 21, 2003
99.4	Cape May Light, L.L.C. December 2002 Monthly Operating Report, filed January 21, 2003
99.5	Cape Cod Light, L.L.C. December 2002 Monthly Operating Report, filed January 21, 2003
99.6	Great River Cruise Line, L.L.C. December 2002 Monthly Operating Report, filed January 21, 2003
99.7	Delta Queen Coastal Voyages, L.L.C. December 2002 Monthly Operating Report, filed January 21, 2003
99.8	DQSC Property Co. December 2002 Monthly Operating Report, filed January 21, 2003
99.9	Cruise America Travel, Incorporated December 2002 Monthly Operating Report, filed January 21, 2003
99.10	AMCV Cruise Operations, Inc. December 2002 Monthly Operating Report, filed January 21, 2003
99.11	CAT II, Inc. December 2002 Monthly Operating Report, filed January 21, 2003
99.12	Great Independence Ship Co. December 2002 Monthly Operating Report, filed January 21, 2003

Exhibit
Number	Exhibit
99.13	The Delta Queen Steamboat Co. December 2002 Monthly Operating Report, filed January 21, 2003
99.14	Great Hawaiian Properties Corporation December 2002 Monthly Operating Report, filed January 21, 2003
99.15	Ocean Development Co. December 2002 Monthly Operating Report, filed January 21, 2003
99.16	AMCV Holdings, Inc. December 2002 Monthly Operating Report, filed January 21, 2003
99.17	DQSB II, Inc. December 2002 Monthly Operating Report, filed January 21, 2003
99.18	Great Hawaiian Cruise Line, Inc. December 2002 Monthly Operating Report, filed January 21, 2003
99.19	American Hawaii Properties Corporation December 2002 Monthly Operating Report, filed January 21, 2003
99.20	Great Pacific NW Cruise Line, L.L.C. December 2002 Monthly Operating Report, filed January 21, 2003