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<P align=center><FONT face="Times New Roman"><FONT size=5>UNITED STATES
SECURITIES AND EXCHANGE COMMISSION</FONT></P><FONT size=4>
<P align=center>Washington, D.C. 20549</P>
<P align=center></FONT><B><FONT size=5>Form 8-K</FONT></P>
<P align=center>CURRENT REPORT<BR>PURSUANT TO SECTION 13 OR 15(d) OF
THE<BR>SECURITIES EXCHANGE ACT OF 1934</P></B></FONT>
<P align=center>Date of Report (Date of earliest event reported): <BR>August 3, 2007</P><FONT face="Times New Roman">
<P>&nbsp;</P>
<P align=center><FONT size=5>JONES APPAREL GROUP, INC.</FONT></FONT><BR>(Exact
Name of registrant as specified in its charter)</P>
<P>&nbsp;</P>
<DIV align=center>
<CENTER>
<TABLE
style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"
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  <TR>
    <TD vAlign=top align=middle width="34%">
      <P align=center>Pennsylvania
      <HR color=#000000 noShade SIZE=1>
      (State or Other Jurisdiction of Incorporation) </TD>
    <TD vAlign=top align=middle width="30%">
      <P align=center>1-10746
      <HR color=#000000 noShade SIZE=1>
      (Commission File Number)</TD>
    <TD vAlign=top align=middle width="36%">
      <P align=center>06-0935166
      <HR color=#000000 noShade SIZE=1>
      (IRS Employer Identification No.)</TD></TR></TABLE></CENTER></DIV>
<DIV align=center>
<CENTER>
<TABLE cellSpacing=5 cellPadding=8 width="100%" border=0>

  <TR>
    <TD align=middle width="25%"></TD>
    <TD align=middle width="50%">1411 Broadway<BR>New York, New York&nbsp;
      10018
      <HR color=#000000 noShade SIZE=1>
      (Address of principal executive offices)</TD>
    <TD align=middle width="25%"></TD></TR>
  <TR>
    <TD align=middle width="25%"></TD>
    <TD align=middle width="50%">(212) 642-3860
      <HR color=#000000 noShade SIZE=1>
      (Registrant's telephone number, including area code)</TD>
    <TD align=middle width="25%"></TD></TR>
  <TR>
    <TD align=middle width="25%"></TD>
    <TD align=middle width="50%">Not Applicable
      <HR color=#000000 noShade SIZE=1>
       Former name or former address, if changed since last report</TD>
    <TD align=middle width="25%"></TD></TR></TABLE></CENTER></DIV>
<P>Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:</P>
<P>[&nbsp;&nbsp; ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)&nbsp;<BR>[&nbsp;&nbsp; ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)&nbsp;<BR>[&nbsp;&nbsp; ] Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>[&nbsp;&nbsp;
]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))</P>
<HR>

<p>Item 8.01 Other Events.</p>
<p>On August 5, 2007, Jones Apparel Group, Inc. (&quot;Jones&quot;) announced
that it had received an amended offer from affiliates of Istithmar PJSC (&quot;Istithmar&quot;)
to acquire Jones' wholly owned subsidiary, Barneys New York, Inc.
(&quot;Barneys&quot;), for $900 million in cash and an amended offer from Fast
Retailing Co., Ltd. (&quot;Fast Retailing&quot;) to acquire Barneys for $950
million in cash.</p>
<p>In accordance with the terms of Jones' Stock Purchase Agreement with
affiliates of Istithmar (the &quot;Istithmar Agreement&quot;), Jones has
transmitted to affiliates of Istithmar a written notice containing the material
terms of the amended Fast Retailing offer and expressing Jones' intention to
accept the amended Fast Retailing offer. Jones will be entitled to terminate the
Istithmar Agreement unless, during the two business day period commencing on
August 6, 2007, affiliates of Istithmar make an offer that Jones' Board of
Directors determines in accordance with the Istithmar Agreement to be at least
as favorable to Jones as the amended Fast Retailing offer. In the event that
Jones were to terminate the Istithmar Agreement in order to accept the amended
Fast Retailing offer, Jones would be required to pay an affiliate of Istithmar a
termination fee of $22.7 million.</p>
<p>A copy of the press release announcing the receipt of the amended offers is
attached as Exhibit 99.1 to this report.</p>
<P align="justify">Item 9.01&nbsp; Financial Statements and Exhibits.</P>
<TABLE id=table2 cellPadding=0 width="100%" border=0>

  <TR>
    <TD vAlign=top width="8%"><U>Exhibit No.</U></TD>
    <TD vAlign=top width="92%"><U>Description</U></TD></TR></TABLE>
<TABLE id=table1 cellPadding=0 width="100%" border=0>

  <TR>
    <TD vAlign=top width="8%">99.1</TD>
    <TD vAlign=top width="92%">Press Release of the Registrant dated August 5, 2007.&nbsp;&nbsp; </TD></TR></TABLE>
<P align=center>2</P>
<HR>

<P align=center>&nbsp;<B>SIGNATURES</B></P>
<P>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.</P>
<P align=justify>&nbsp;</P>
<DIV align=center>
<CENTER>
<TABLE
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    <TD width="50%"></TD>
    <TD width="50%">JONES APPAREL GROUP, INC.<BR>(Registrant)<P>By:&nbsp;<U>/s/ Ira M. Dansky&nbsp;</U><BR>&nbsp;&nbsp;&nbsp;&nbsp; Ira
      M. Dansky<BR>&nbsp;&nbsp;&nbsp;&nbsp; Executive Vice President,<br>
      &nbsp;&nbsp;&nbsp;&nbsp; General Counsel and Secretary</P></TD></TR></TABLE></CENTER></DIV>
<P>&nbsp;Date: August 6, 2007</P>
<P align=center>&nbsp;3</P>
<HR>

<P align=left>Exhibit Index</P>
<DIV align=left>
<TABLE cellPadding=0 width="100%" border=0>

  <TR>
    <TD width="12%"><U>Exhibit No.</U></TD>
    <TD width="88%"><U>Description</U></TD></TR>
  <TR>
    <TD vAlign=top width="12%">99.1</TD>
    <TD vAlign=top width="88%">Press Release of the Registrant dated August 5, 2007.</TD></TR></TABLE></DIV>
<P align=center>4</P></BODY></HTML>
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{"company-data": {"conformed-name": "JONES APPAREL GROUP INC", "cik": "0000874016", "assigned-sic": "2330", "irs-number": "060935166", "state-of-incorporation": "PA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-10746", "film-number": "071026168"}, "business-address": {"street1": "250 RITTENHOUSE CIRCLE", "street2": "KEYSTONE PK", "city": "BRISTOL", "state": "PA", "zip": "19007", "phone": "2157854000"}, "mail-address": {"street1": "250 RITTENHOUSE CIRCLE", "city": "BRISTOL", "state": "PA", "zip": "19007"}}
Form 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):
August 3, 2007
JONES APPAREL GROUP, INC.
(Exact
Name of registrant as specified in its charter)
Pennsylvania
(State or Other Jurisdiction of Incorporation)
1-10746
(Commission File Number)
06-0935166
(IRS Employer Identification No.)
1411 Broadway
New York, New York 
      10018
(Address of principal executive offices)
(212) 642-3860
(Registrant's telephone number, including area code)
Not Applicable
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[   ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[   ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
[   ] Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  
]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On August 5, 2007, Jones Apparel Group, Inc. ("Jones") announced
that it had received an amended offer from affiliates of Istithmar PJSC ("Istithmar")
to acquire Jones' wholly owned subsidiary, Barneys New York, Inc.
("Barneys"), for $900 million in cash and an amended offer from Fast
Retailing Co., Ltd. ("Fast Retailing") to acquire Barneys for $950
million in cash.
In accordance with the terms of Jones' Stock Purchase Agreement with
affiliates of Istithmar (the "Istithmar Agreement"), Jones has
transmitted to affiliates of Istithmar a written notice containing the material
terms of the amended Fast Retailing offer and expressing Jones' intention to
accept the amended Fast Retailing offer. Jones will be entitled to terminate the
Istithmar Agreement unless, during the two business day period commencing on
August 6, 2007, affiliates of Istithmar make an offer that Jones' Board of
Directors determines in accordance with the Istithmar Agreement to be at least
as favorable to Jones as the amended Fast Retailing offer. In the event that
Jones were to terminate the Istithmar Agreement in order to accept the amended
Fast Retailing offer, Jones would be required to pay an affiliate of Istithmar a
termination fee of $22.7 million.
A copy of the press release announcing the receipt of the amended offers is
attached as Exhibit 99.1 to this report.
Item 9.01  Financial Statements and Exhibits.
Exhibit No.
Description
99.1
Press Release of the Registrant dated August 5, 2007.
2
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.
JONES APPAREL GROUP, INC.
(Registrant)
By:
/s/ Ira M. Dansky
Ira
      M. Dansky
Executive Vice President,
General Counsel and Secretary
Date: August 6, 2007
3
Exhibit Index
Exhibit No.
Description
99.1
Press Release of the Registrant dated August 5, 2007.
4