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) May 14, 1998
                                                           ------------

                        General DataComm Industries, Inc.
                        ---------------------------------
               (Exact Name of Registrant as Specified in Charter)


             Delaware                     1-8086               06-0853856
    ----------------------------    ----------------------   --------------
   (State or Other Jurisdiction of (Commission File Number)  (IRS Employer
     Incorporation)                                          Identification No.)


                       Middlebury, Connecticut 06762-1299
                       ----------------------------------
               (Address of Principal Executive Offices) (Zip Code)


        Registrant's telephone number, including area code (203) 574-1118
                                                           --------------



                                       N/A
           ------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)



<PAGE>

Item 5.   Other Events

On May 14, 1999, General DataComm Industries,  Inc. (the "Company") entered into
a new  three-year  $40.0  million  loan and  security  agreement  (the "New Loan
Agreement")  with Foothill Capital  Corporation to provide  additional funds for
operations and replace the Company's existing bank group.

Under the provisions of this New Loan Agreement, the Company's cash availability
would have increased by approximately  $11.0 million (less related closing costs
incurred)  as of March 31,  1999.  Under the New Loan  Agreement,  term loan and
revolver borrowing  availability would have approximated $15.0 million and $25.0
million,  respectively, as of March 31, 1999, representing total availability of
$40.0 million. Under the previous loan agreement,  such availability amounted to
$9.2  million and $19.9  million,  respectively,  or $29.1  million at March 31,
1999.

The New Loan  Agreement is comprised of $15.0  million in term loans and a $25.0
million  (maximum  value)  revolving  line of  credit.  The term loans will bear
interest at an annual rate of 12.5%  during the first year,  13.0% in the second
year and 14.0%  thereafter,  payable monthly.  Commencing in June 2000,  monthly
principal payments in the amount of $312,000 become payable,  and the term loans
are due and  payable  in full  upon  termination  of the New Loan  Agreement.  A
portion of the term loans is  convertible  into the Company's  common stock at a
conversion price of $5.00 per share, or a maximum of 600,000 shares.

Under  the  revolving  line  of  credit  portion  of  the  New  Loan  Agreement,
availability is subject to satisfying a borrowing base formula related to levels
of certain  accounts  receivable and inventories  and the  satisfaction of other
financial covenants. Most assets of the Company,  including accounts receivable,
inventories  and  property,  plant and  equipment  are  pledged  as  collateral.
Interest on revolver  borrowings is payable monthly at the greater of prime plus
0.625% or 7.0% per annum.

Financial  covenants  of the New  Loan  Agreement  require  that  the  Company;s
reported  stockholders;  equity,  excluding  the impact of any foreign  currency
translation  adjustments occurring subsequent to March 31, 1999, equal or exceed
$18.1 million (such stockholders' equity, as defined,  amounted to $33.1 million
at March 31, 1999). Separately, annual capital expenditures of $12.0 million are
authorized under the New Loan Agreement.

Foregoing is a summary of certain terms of the New Loan  Agreement and reference
is made to the entire agreement,  filed with this report as an Exhibit,  for the
full terms thereof.

Item 7.  Financial Statements, Proforma Financial Information and Exhibits

           (c)  Exhibits.

              10.  Loan and Security Agreement between General DataComm
                   Industries, Inc., et al., and Foothill Capital Corporation
                   dated as of May 14, 1999.

                                      - 2 -
<PAGE>




                                   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.


                                           General DataComm Industries, Inc.
                                                     (Registrant)


                                           By: /S/ WILIAM G. HENRY
                                              --------------------
                                               William G. Henry
                                               Vice President, Finance and
                                               Principal Financial Officer



Dated:  May 27, 1999
        ------------


                                      - 3 -
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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) May 14, 1998
                                                           ------------

                        General DataComm Industries, Inc.
                        ---------------------------------
               (Exact Name of Registrant as Specified in Charter)

             Delaware                     1-8086               06-0853856
    ----------------------------    ----------------------   --------------
   (State or Other Jurisdiction of (Commission File Number)  (IRS Employer
     Incorporation)                                          Identification No.)

                       Middlebury, Connecticut 06762-1299
                       ----------------------------------
               (Address of Principal Executive Offices) (Zip Code)

        Registrant's telephone number, including area code (203) 574-1118
                                                           --------------

                                       N/A
           ------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)
Item 5.   Other Events

On May 14, 1999, General DataComm Industries,  Inc. (the "Company") entered into
a new  three-year  $40.0  million  loan and  security  agreement  (the "New Loan
Agreement")  with Foothill Capital  Corporation to provide  additional funds for
operations and replace the Company's existing bank group.

Under the provisions of this New Loan Agreement, the Company's cash availability
would have increased by approximately  $11.0 million (less related closing costs
incurred)  as of March 31,  1999.  Under the New Loan  Agreement,  term loan and
revolver borrowing  availability would have approximated $15.0 million and $25.0
million,  respectively, as of March 31, 1999, representing total availability of
$40.0 million. Under the previous loan agreement,  such availability amounted to
$9.2  million and $19.9  million,  respectively,  or $29.1  million at March 31,
1999.

The New Loan  Agreement is comprised of $15.0  million in term loans and a $25.0
million  (maximum  value)  revolving  line of  credit.  The term loans will bear
interest at an annual rate of 12.5%  during the first year,  13.0% in the second
year and 14.0%  thereafter,  payable monthly.  Commencing in June 2000,  monthly
principal payments in the amount of $312,000 become payable,  and the term loans
are due and  payable  in full  upon  termination  of the New Loan  Agreement.  A
portion of the term loans is  convertible  into the Company's  common stock at a
conversion price of $5.00 per share, or a maximum of 600,000 shares.

Under  the  revolving  line  of  credit  portion  of  the  New  Loan  Agreement,
availability is subject to satisfying a borrowing base formula related to levels
of certain  accounts  receivable and inventories  and the  satisfaction of other
financial covenants. Most assets of the Company,  including accounts receivable,
inventories  and  property,  plant and  equipment  are  pledged  as  collateral.
Interest on revolver  borrowings is payable monthly at the greater of prime plus
0.625% or 7.0% per annum.

Financial  covenants  of the New  Loan  Agreement  require  that  the  Company;s
reported  stockholders;  equity,  excluding  the impact of any foreign  currency
translation  adjustments occurring subsequent to March 31, 1999, equal or exceed
$18.1 million (such stockholders' equity, as defined,  amounted to $33.1 million
at March 31, 1999). Separately, annual capital expenditures of $12.0 million are
authorized under the New Loan Agreement.

Foregoing is a summary of certain terms of the New Loan  Agreement and reference
is made to the entire agreement,  filed with this report as an Exhibit,  for the
full terms thereof.

Item 7.  Financial Statements, Proforma Financial Information and Exhibits

           (c)  Exhibits.

              10.  Loan and Security Agreement between General DataComm
                   Industries, Inc., et al., and Foothill Capital Corporation
                   dated as of May 14, 1999.

                                      - 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.

                                           General DataComm Industries, Inc.
                                                     (Registrant)

                                           By: /S/ WILIAM G. HENRY
                                              --------------------
                                               William G. Henry
                                               Vice President, Finance and
                                               Principal Financial Officer

Dated:  May 27, 1999
        ------------

                                      - 3 -