8-K

                       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) is August 17, 2000



                         MAIN STREET & MAIN INCORPORATED
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)



         Delaware                       0-18668                 11-2948370
- -------------------------------  ------------------------     -------------
(State or other jurisdiction of  (Commission File Number)     (IRS Employer
incorporation or jurisdiction)                            Identification Number)



5050 N. 40th Street, Ste. 200, Phoenix, AZ                          85018
- ------------------------------------------                        ----------
 (Address of principal executive office)                          (Zip Code)



       Registrant's telephone number, including area code: (602) 852-9000

                         MAIN STREET & MAIN INCORPORATED

                                    FORM 8-K

                                 CURRENT REPORT

ITEM 5. OTHER EVENTS.

     The Company has issued a Press Release regarding  purchases by its Chairman
in its rights  offering.  See Press Release  dated August 17, 2000,  attached as
Exhibit 99.1 hereto.

ITEM 7. EXHIBITS.

     EXHIBIT NO.                 DESCRIPTION OF EXHIBIT
     -----------                 ----------------------

        99.1              Press Release dated August 17, 2000

                                       2

                                    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.


August 17, 2000

                                       MAIN STREET & MAIN INCORPORATED



                                       By: /s/ Bart A. Brown, Jr.
                                           ------------------------------------
                                           Bart A. Brown, Jr.
                                           President and Chief Executive Officer

                                       3

EX-99.1

PRESS RELEASE
FOR IMMEDIATE RELEASE

COMPANY CONTACT:    DUANE WILKES                  (602) 852-9000
                    CONTROLLER AND SECRETARY      E-MAIL:  DUANEW@MSTREETINC.COM


                        MAIN STREET AND MAIN INCORPORATED

           ANNOUNCES CHAIRMAN TO ACQUIRE REMAINING STOCK FROM COMPANY
                                RIGHTS OFFERING

PHOENIX,  ARIZONA, AUGUST 17, 2000--MAIN STREET AND MAIN INCORPORATED (NASDAQ NM
SYMBOL:  MAIN), the world's largest franchisee of T.G.I.  Friday's  restaurants,
today  announced  that its Chairman of the Board of Directors,  John F. Antioco,
has advised the Company that he will purchase all remaining  shares that are not
purchased by other stockholders in conjunction with the Company's current rights
offering.

The Company is  offering a maximum of  4,011,740  shares of common  stock in the
rights  offering.  One right  permits the holder to  purchase  one share of Main
Street  common  stock at a price of $2.375 per share.  The rights will expire at
the close of business on September  20, 2000.  Based upon Mr.  Antioco's  stated
intentions,  together with the previously  disclosed intentions from Mr. Antioco
as well as Bart A. Brown, Jr. and William G. Shrader, two of the Company's other
directors and  officers,  the Company now  anticipates  that it will receive the
maximum gross proceeds of approximately $9.5 million from the rights offering.

A copy of the final prospectus for this offering and related offering  materials
can be obtained  from Main Street and Main  Incorporated,  5050 N. 40th  Street,
Suite 200, Phoenix,  Arizona 85018, telephone (602) 852-9000; or from the Rights
Agent for the offering,  Computershare  Trust Company,  Inc., 12039 West Alameda
Parkway, Suite Z-3, Lakewood, Colorado 80228, telephone (303) 986-5400.

      MAIN STREET AND MAIN INCORPORATED is the world's largest franchise of
           T.G.I. Friday's restaurants, operating 59 T.G.I. Friday's,
                 five Redfish, and two Bamboo Club restaurants.