8-K

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 (Date of earliest event reported): February 12, 2003

The Newhall Land and Farming Company
(a California Limited Partnership)
(Exact name of registrant as specified in its charter)

California
(State or other jurisdiction of incorporation)

1-8885
(Commission File Number) 95-3931727
(IRS Employer Identification No.)

23823 Valencia Blvd., Valencia, CA 91355
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: 661-255-4000

Item 5.    Other Events

        The Newhall Land and Farming Company issued a news release on February 12, 2003 announcing that the Company's Senior Vice President and Chief Financial Officer, Stuart R. Mork, resigned, effective March 1, 2003. Mr. Donald L. Kimball, the Company's Vice President—Finance and Controller, was appointed interim Chief Financial Officer. No disagreements about accounting or reporting matters, or the Company's ability to comply with the provisions of the Sarbanes-Oxley Act of 2002 or related Securities and Exchange Commission and New York Stock Exchange regulations and listing requirements attended Mr. Mork's resignation. It is expected Mr. Kimball will be elected Chief Financial Officer for The Newhall Land and Farming Company on April 15, 2002, the next regularly scheduled meeting of the Company's Board of Directors.    The press release is filed as an exhibit to this report.

Item 7.    Financial Statements and Exhibits

        Exhibit 99.    Press Release

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SIGNATURE

        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.

	THE NEWHALL LAND AND FARMING COMPANY (a California Limited Partnership) Registrant
	By	Newhall Management Limited Partnership, Managing General Partner
	By	Newhall Management Corporation, Managing General Partner
Date:    February 12, 2003	By	/s/  GARY M. CUSUMANO Gary M. Cusumano, President and Chief Executive Officer Newhall Management Corporation (Principal Executive Officer)

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EX-99

Exhibit 99

NEWS RELEASE

[NEWHALL LAND AND FARMING COMPANY LETTERHEAD]

FOR IMMEDIATE RELEASE Contact: Marlee Lauffer
Newhall Land
(661) 255-4247

NEWHALL LAND APPOINTS NEW INTERIM CFO

MORK ANNOUNCES RESIGNATION

        Valencia, California, February 12, 2003—The Newhall Land and Farming Company (NYSE, PSE/NHL) announced that Donald L. Kimball has been appointed as acting chief financial officer. Over the past 16 years, Kimball has assumed increasing responsibility within the finance department and most recently served as vice president-finance and controller for the Company. He will continue to oversee financial reporting, information systems and audit services and now will also assume responsibility for treasury, investor relations and tax services.

        Stuart R. (Rick) Mork, senior vice president and chief financial officer, announced that he will be resigning effective March 1, 2003 to pursue other opportunities. "I have enjoyed my 15 years with Newhall Land immensely but look forward to new career challenges", said Mork.

        "Under the leadership of Rick Mork, Newhall Land acquired and completed very profitable ventures in Arizona and Colorado and the company has greatly expanded its financing relationships, improved its capital structure while continuing its conservative approach to its balance sheet," said Gary M. Cusumano, president and chief executive officer. "In the last five years, we have purchased over one-third of the company in an aggressive unit repurchase program, yet we have limited debt exposure and have maintained adequate resources to focus on our complex entitlement process. Rick's guidance has been invaluable to the successful execution of our strategy."

        Mork joined Newhall Land in 1987 as treasurer following a variety of management positions with public and private companies in banking, investments and energy. He was appointed vice president in 1992, CFO in 1995 and senior vice president and CFO in 1996. He received his Bachelor of Science degree in finance and accounting and his MBA in finance from the University of Southern California. Mork serves on the Board of Directors of the Lusk Center for Real Estate at USC and the Los Angeles Area Council of the Boy Scouts of America, is a member of Urban Land Institute and is Chairman of the Henry Mayo Newhall Memorial Hospital Board of Directors.

        Kimball, a certified public accountant, joined the company in 1986 as director of internal audit. In 1990, he was promoted to controller, and in 1994 elected vice president-controller. Kimball received his Bachelor of Science degree in business and accounting from California State University, Northridge and MBA degree from Pepperdine University. Prior to joining Newhall Land, he was an audit supervisor with Coopers & Lybrand. Kimball founded the Santa Clarita Valley Chapter of the American Diabetes Association in 1997 and serves on its board of directors. He is a past president and current board member of the Santa Clarita Valley Committee on Aging and an associate member of Urban Land Institute.

        "Don is a key member of the Company's financial management team and his experience and leadership skills have prepared him well for his expanded responsibilities at Newhall Land," said Cusumano. "It is expected that the Board of Directors will appoint him chief financial officer at its April 15 meeting."

        Newhall Land is a premier community planner in north Los Angeles County. Its primary activity is planning the new town of Valencia, California. Newhall Ranch, its next new town, and Valencia together form one of the nation's most valuable landholdings. They are located on the Company's 36,000 acres, 30 miles north of downtown Los Angeles.

        The Company maintains a web site at http://www.newhall.com.

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