Exhibit Index at Page 3




                       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):                 May 5, 2000


                               GENESEE CORPORATION
               (Exact Name of Registrant as Specified in Charter)


   NEW YORK                                 0-1653              16-0445920
(State or other Jurisdiction                (Commission        (IRS Employer
of Incorporation)                           File Number)    Identification No.)


 445 St. Paul Street, Rochester, New York                          14605
(Address of Principal Executive Offices)                         (Zip Code)


Registrant's telephone number, including area code:            (716) 546-1030

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Item 5.    Other Events.

           Genesee  Corporation  issued a news release on May 5, 2000,  which is
           filed with this report as Exhibit 99.


Item 7.    Exhibits.

           An exhibit  filed with this report is identified in the Exhibit Index
           at Page 3.



                                   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.

                                                     Genesee Corporation


Date:         May 5, 2000                 By       /s/Mark W. Leunig
                                   Mark W. Leunig, Vice President and Secretary



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                                  EXHIBIT INDEX

                                                                    Page
Exhibit 99               News Release Dated May 5, 2000               4




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FOR IMMEDIATE RELEASE                            CONTACT:  Mark W. Leunig
                                                 Director of Investor Relations
                                                 (716) 263-9440


   GENESEE CORPORATION RESPONDS TO RELEASE OF CONFIDENTIAL INCOME PROJECTIONS


         ROCHESTER,  NEW YORK, May 5, 2000 -- Genesee  Corporation  (NASDAQ/NMS:
GENBB)  advised  investors to disregard all of the net income and pre-tax profit
projections for its Genesee Brewing Company  subsidiary that were referred to in
an article in today's Milwaukee Journal-Sentinel.  The Corporation is responding
to a story that cited projections for Genesee Brewing Company that were provided
in confidence  to the owners of City Brewing  Company in January and February to
facilitate their efforts to obtain financing to acquire Genesee Brewing Company.
The  Corporation  stated that the  information  that appeared in the article was
taken  out of  context  and that  the  income  and  profit  projections  are not
meaningful,  except in  relation  to the  detailed  assumptions  and  underlying
analysis that supported them.

         "The  information  reported in the  Journal-Sentinel  was  prepared for
internal  use only and was not  intended  for public  disclosure,"  said Mark W.
Leunig, vice president and director of investor relations. "As a public company,
we felt  compelled  to  respond  to avoid  any  misunderstanding  regarding  the
progress we are making to improve Genesee Brewing  Company's  bottom line," said
Mr.  Leunig.  "The full extent of our progress will be readily  apparent in June
when Genesee  Corporation  announces results for its fiscal year that ended last
week."



NOTE: Copies of Genesee  Corporation press releases are available free of charge
by calling PRNewswire's Company News On Call at 800-758-5804,  Extension 352775,
or on the Internet at http://www.prnewswire.com/cnoc.


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