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                                APRIL 7, 1997
(DATE OF EARLIEST EVENT REPORTED)


                              BUFFTON CORPORATION
            (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


                       COMMISSION FILE NUMBER 001-09822


          DELAWARE                                      75-1732794

(STATE OR OTHER JURISDICTION               (I.R.S. EMPLOYER IDENTIFICATION NO.)
     OF INCORPORATION)

     226 BAILEY AVENUE
         SUITE 101
     FORT WORTH, TEXAS                                     76107
(ADDRESS OF PRINCIPAL EXECUTIVE                          (ZIP CODE)
          OFFICES)

      REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:  (817) 332-4761

 
ITEM 5.   OTHER EVENTS

     On April 7, 1997, the Board of Directors of Buffton Corporation, a Delaware
corporation (the "Company"), adopted an amendment to the Bylaws of the Company
by adding thereto a new Section 1.10 which reads in its entirety as follows:

     "1.10  STOCKHOLDER ACTION WITHOUT MEETING.  Any action required by the
            ----------------------------------                             
     Delaware General Corporation Law to be taken at any annual or special
     meeting of stockholders of the Corporation, or any action which may be
     taken at any annual or special meeting of stockholders of the Corporation,
     may be taken without a meeting, without prior notice and without a vote, if
     a consent in writing, setting forth the action so taken, shall be signed by
     the holders of outstanding stock having not less than the minimum number of
     votes that would be necessary to authorize or take such action at a meeting
     at which all shares entitled to vote thereon were present and voted.
     Notice of any such action shall be given in accordance with the
     requirements of the Delaware General Corporation Law.

          In order that the Corporation may determine the stockholders entitled
     to consent to corporate action in writing without a meeting, the Board of
     Directors may fix a record date, which record date shall not precede the
     date upon which the resolution fixing the record date is adopted by the
     Board of Directors, and which date shall not be more than ten (10) days
     after the date upon which the resolution fixing the record date is adopted
     by the Board of Directors.  Any stockholder of record seeking to have the
     stockholders authorize or take corporate action by written consent shall,
     by written notice to the Secretary, request the Board of Directors to fix a
     record date.  The Board of Directors shall within ten (10) days after the
     date on which such a request is received, adopt a resolution fixing the
     record date.  If no record date has been fixed by the Board of Directors
     within ten (10) days of the date on which such a request is received, the
     record date for determining stockholders entitled to consent to corporate
     action in writing without a meeting, when no prior action by the Board of
     Directors is required  by applicable law, shall be the first date on which
     a signed written consent setting forth the action taken or proposed to be
     taken is delivered to the Corporation by delivery to its registered office
     in the State of Delaware, its principal place of business, or an officer or
     agent of the Corporation having custody of the book in which proceedings of
     stockholders meetings are recorded, to the attention of the Secretary of
     the Corporation.  Delivery shall be by hand or by certified or registered
     mail, return receipt requested.  If no record date has been fixed by the
     Board of Directors and prior action by the Board of Directors is required
     by applicable law, the record date for determining stockholders entitled to
     consent to corporate action in writing without a meeting shall be at the
     close of business on the date on which the Board of Directors adopts the
     resolution taking such prior action.

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          In the event of the delivery of a written consent or consents
     purporting to authorize or take corporate action and/or related revocations
     (each such written consent and related revocation is referred to in this
     Section 1.10 as a "Consent"), the Secretary shall provide for the
     safekeeping of such Consent and shall immediately appoint duly qualified
     and objective inspectors to conduct, as promptly as practical, such
     reasonable ministerial review as the Corporation shall deem necessary or
     appropriate for the purpose of ascertaining the sufficiency and validity of
     such Consent and all matters incident thereto, including, without
     limitation, whether holders of shares having the requisite voting power to
     authorize or take the action specified in the Consent have given consent.
     If after such investigation the Secretary shall determine that the Consent
     is valid, that fact shall be certified on the records of the corporation
     kept for the purpose of recording the proceedings of meetings of
     stockholders, and the consent shall be filed in such records, at which time
     the Consent shall become effective as stockholder action."

                                  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.

                                    BUFFTON CORPORATION



Dated: April 14, 1997               By: /s/ Robert H. McLean
                                       ----------------------------------------
                                    Robert H. McLean, Chairman of the Board,
                                    President and Chief Executive Officer

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