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):
                         April 20, 2000 (April 19, 2000)

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

          Delaware                      0-21419                   25-2753988
- ----------------------------    ------------------------     -------------------
(State or Other Jurisdiction    (Commission File Number)      (I.R.S. Employer
     of Incorporation)                                       Identification No.)

                             1010 Northern Boulevard
                           Great Neck, New York            11021

               (Address of Principal Executive Offices) (Zip Code)


       Registrant's telephone number, including area code: (516) 829-4343











                       Index to Current Report on Form 8-K
                               of NAM Corporation
                                 April 20, 2000





Item                                              Page
- ----                                              ----


Item 5.    Other Events                            3


           Signatures                              4




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Item 5.  Other Events.

         On April 19, 2000, NAM Corporation (the "Company") announced the
extension of its March 1998 Purchase Plan (the "Plan"), pursuant to which the
number of shares of Common Stock of the Company eligible for purchase under the
Plan remained at an aggregate of 600,000 shares (the "Shares"). No purchases of
Common Stock under the Plan have been made to date. The Plan is subject to and
in compliance with the provisions and limitations of Rule 10b-18 promulgated
under Section 10(b) of the Securities Exchange Act of 1934, as amended.
Purchases, if any, may be made from time to time in open market transactions at
prevailing market prices until the earlier of all of the Shares being purchased
or March 25, 2001, which is the expiration date of the Plan. Purchases may
commence at any time and may be discontinued at any time during the term of the
Plan without purchasing any of the Shares and without notice. The Company will
not solicit the purchase of any of its Common Stock or otherwise tender for the
purchase of any of its Common Stock. The source of funds for the purchase of the
Shares will be from the Company's general corporate funds, and any Shares
purchased will be held in treasury.


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                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.


                           NAM CORPORATION


                           By: /s/ Roy Israel
                               -------------------------------------------------
                               Name:  Roy Israel
                               Title: Chief Executive Officer and President



                           By: /s/ Patricia Giuliani-Rheaume
                               -------------------------------------------------
                               Name:  Patricia Giuliani-Rheaume
                               Title: Chief Financial Officer and Vice President


Date: April 20, 2000

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