UNITED STATES
                          SECURITIES AND EXCHANGE COMMISSION
                                 WASHINGTON, DC 20549

                                       FORM 8-K
                                    CURRENT REPORT

                      REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                         THE SECURITIES EXCHANGE ACT OF 1934





          DATE OF REPORT (Date of earliest event reported) January 24, 1995




                       NATIONAL PATENT DEVELOPMENT CORPORATION
                  (Exact Name of Registrant as Specified in Charter)



               Delaware               1-7234           13-1926739
          (State or Other          (Commission         IRS Employer
          Jurisdiction of          File Number)        (Identification No.)
          Incorporation



          9 West 57 Street, New York, New York                   10019
          (Address of Principal Executive Offices)               (Zip Code)



          Registrant's telephone number, including area code (212) 826-8500




             (Former Name or Former Address, if Changed Since Last Report

























          Item 5.  Other Events

               On January 24, 1995, National Patent Development Corporation
          ("National Patent") sold 1,666,667 shares of common stock of its
          subsidiary,  GTS Duratek,Inc. ("Duratek") at a price of $3.00 per
          share to The Carlyle Group ("Carlyle") in connection with a $16
          million financing by Duratek with Carlyle,  a Washington, D.C.
          based private merchant bank. In addition, the Registrant granted
          Carlyle an option to purchase up to an additional 500,000 shares
          of Duratek common stock over the next year at $3.75 per share.  

               Duratek received $16 million from Carlyle in exchange for
          160,000 shares of newly issued 8% cumulative convertible
          preferred stock (convertible into 5,333,333 shares of Duratek
          common stock at $3.00 per share).  Duratek granted Carlyle an
          option to purchase up to 1,250,000 shares of newly issued 
          Duratek common stock from Duratek over the next four years. 

               At present, the Registrant owns 3,665,972 shares of 
          Duratek's common stock (approximately 42% of the currently
          outstanding shares of common stock).  Assuming (i) Carlyle
          converted all of its cumulative convertible preferred stock into
          Duratek common stock and exercised its option to purchase
          additional shares of Duratek common stock from each of Duratek
          and National Patent and (ii) National Patent employees exercised
          their options to purchase shares of Duratek common stock ,
          National Patent would own 2,668,222 shares of Duratek common
          stock (approximately 17% of the then outstanding common stock).  

               In connection with the transaction, Carlyle will have the
          right, through its preferred stock, to elect a majority of
          Duratek's Board of Directors.  Upon conversion of the preferred
          stock, Carlyle would own approximately 50% of Duratek's common
          stock if all of its options are exercised.
           
          Item 7.   Financial Statement and Exhibits

                    (a)  None

                    (b)  None

                    (c)  Exhibits

          4.1            Stock Purchase Agreement among Carlyle Partners
          II, L.P., Carlyle International Partners II, L.P., Carlyle
          International Partners III, L.P., C/s International Partners,
          Carlyle-GTSD Partners, L.P., Carlyle-GTSD Partners II, L.P. and
          GTS Duratek, Inc. and National Patent Development Corporation
          dated as of January 24, 1995.  Incorporated herein by reference
          to Exhibit 4.2 of GTS Duratek, Inc.'s Form 8-K dated February 1,
          1995.















          4.2            Stockholders Agreement by and among GTS Duratek,
          Inc., Carlyle Partners II, L.P., Carlyle International Partners
          II, L.P., Carlyle International Partners III, L.P., C/S
          International Partners, Carlyle-GTSD Partners, L.P., Carlyle-GTSD
          Partners II, L.P. and National Patent Development Corporation
          dated as of January 24, 1995.  Incorporated herein by reference
          to Exhibit 4.3 of GTS Duratek, Inc.'s Form 8-K dated February 1,
          1995.

          4.3            Registration Rights Agreement by and among GTS
          Duratek, inc., Carlyle Partners II, L.P., Carlyle International
          Partners II, L.P., Carlyle International Partners III, L.P., C/S
          International Partners, Carlyle-GTSD partners, L.P., Carlyle-GTSD
          Partners II, L.P. and National Patent Development Corporation
          dated as of January 24, 1995.  Incorporated herein by reference
          to Exhibit 4.4 of GTS Duratek, Inc.'s Form 8-K dated February 1,
          1995.

                                      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.

                                        NATIONAL PATENT DEVELOPMENT 
                                        CORPORATION



                                        BY:  Lawrence M. Gordon
                                             Vice President and
                                             General Counsel

          Date:  February 7, 1995