Exhibit Index at Page 3


                       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):     September 27, 2000


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


   NEW YORK                                 0-1653              16-0445920
(State or other Jurisdiction                (Commission       (IRS Employer
of Incorporation)                           File Number)    Identification No.)


 445 St. Paul Street, Rochester, New York                       14605
(Address of Principal Executive Offices)                     (Zip Code)


Registrant's telephone number, including area code:       (716) 546-1030


Item 5.    Other Events.

           Genesee  Corporation  issued a news  release on  September  27, 2000,
           which is filed with this report as Exhibit 99.


Item 7.    Exhibits.

           An exhibit  filed with this report is identified in the Exhibit Index
           at Page 3.



                                       1
<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.

                                                     Genesee Corporation


Date:   September 27, 2000          By   /s/ Mark W. Leunig
                                    Mark W. Leunig, Vice President and Secretary





                                       2
<PAGE>




                                  EXHIBIT INDEX

                                                                       Page
Exhibit 99               News Release Dated September 27, 2000          4
















































                                       3
<PAGE>




                                                              EXHIBIT 99


FOR IMMEDIATE RELEASE                          CONTACT:  Mark W. Leunig
                                               Director of Investor Relations
                                                    (716) 263-9440



                          GENESEE CORPORATION ANNOUNCES
                   AGREEMENT TO SELL EQUIPMENT LEASE PORTFOLIO


ROCHESTER,  NEW YORK,  September  27, 2000 -- Genesee  Corporation  (NASDAQ/NMS:
GENBB) today announced that the  Corporation's  equipment  leasing  business has
entered into an agreement to sell a substantial  portion of its lease  portfolio
to a joint venture  between four limited  partnerships  managed by ICON Capital,
Corp. ICON Capital is a diversified  equipment leasing company  headquartered in
White Plains,  New York that manages equipment leasing  portfolios  representing
more than $800 million of original equipment value.  "Following the agreement in
principle that we announced on June 28, ICON completed its due diligence and the
parties  have now signed a  definitive  agreement,"  said Mark W.  Leunig,  Vice
President of the Corporation.

         As  previously  announced,  the  Corporation  estimates  that it  would
receive  approximately $13 million as its portion of the sale proceeds.  Because
the sale is expected to generate a book loss,  the  Corporation  recorded a $1.9
million charge, net of tax benefit of $1.2 million, in the fourth quarter of its
fiscal  year ended April 29,  2000.  The  transaction  is subject to a number of
conditions   customary   to  such   transactions.   If  these   conditions   are
satisfactorily resolved, the closing is expected to take place within forty-five
days.









                                      MORE


                                       4
<PAGE>




NOTE:  Statements made in this news release which are not historical,  including
statements  regarding  the timing and  results of the sale of the  Corporation's
equipment  leasing  business  and the  estimated  proceeds  from the sale of the
equipment   leasing   business,   are   forward-looking    statements   .   Such
forward-looking  statements are subject to a number of risks and  uncertainties,
and there can be no  assurance  that the  expectations  or results  reflected in
those  statements  will be realized or  achieved.  Such risks and  uncertainties
include,  without limitation,  the failure of the proposed  transaction to close
for whatever reasons, purchase price adjustments,  post-closing  indemnification
obligations, the failure to satisfy other conditions necessary to consummate the
sale of the equipment  leasing  business,  and the  possibility  that a delay in
resolving such conditions could jeopardize the transaction.




         Copies of Genesee  Corporation  press  releases are  available  free of
charge by calling PRNewswire's  Company News On Call at 800-758-5804,  Extension
352775, or on the Internet at http://www.prnewswire.com/cnoc.















                                    - END -


                                       5
<PAGE>
[{"type": "8-K", "sequence": "1", "filename": "0001.txt", "description": "AGREEMENT TO SELL EQUIPMENT LEASE PORTFOLIO", "secsgml_size_bytes": 5314}]
{"company-data": {"conformed-name": "GENESEE CORP", "cik": "0000040934", "assigned-sic": "2082", "irs-number": "160445920", "state-of-incorporation": "NY", "fiscal-year-end": "0503"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-01653", "film-number": "729537"}, "business-address": {"street1": "445 ST PAUL ST", "city": "ROCHESTER", "state": "NY", "zip": "14605", "phone": "7162639440"}, "mail-address": {"street1": "445 ST PAUL STREET", "city": "ROCHESTER", "state": "NY", "zip": "14605"}, "former-company": {"former-conformed-name": "GENESEE BREWING CO INC", "date-changed": "19880322"}}
Exhibit Index at Page 3

                       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):     September 27, 2000

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

   NEW YORK                                 0-1653              16-0445920
(State or other Jurisdiction                (Commission       (IRS Employer
of Incorporation)                           File Number)    Identification No.)

 445 St. Paul Street, Rochester, New York                       14605
(Address of Principal Executive Offices)                     (Zip Code)

Registrant's telephone number, including area code:       (716) 546-1030

Item 5.    Other Events.

           Genesee  Corporation  issued a news  release on  September  27, 2000,
           which is filed with this report as Exhibit 99.

Item 7.    Exhibits.

           An exhibit  filed with this report is identified in the Exhibit Index
           at Page 3.

                                       1
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.

                                                     Genesee Corporation

Date:   September 27, 2000          By   /s/ Mark W. Leunig
                                    Mark W. Leunig, Vice President and Secretary

                                       2
EXHIBIT INDEX

                                                                       Page
Exhibit 99               News Release Dated September 27, 2000          4

                                       3
EXHIBIT 99

FOR IMMEDIATE RELEASE                          CONTACT:  Mark W. Leunig
                                               Director of Investor Relations
                                                    (716) 263-9440

                          GENESEE CORPORATION ANNOUNCES
                   AGREEMENT TO SELL EQUIPMENT LEASE PORTFOLIO

ROCHESTER,  NEW YORK,  September  27, 2000 -- Genesee  Corporation  (NASDAQ/NMS:
GENBB) today announced that the  Corporation's  equipment  leasing  business has
entered into an agreement to sell a substantial  portion of its lease  portfolio
to a joint venture  between four limited  partnerships  managed by ICON Capital,
Corp. ICON Capital is a diversified  equipment leasing company  headquartered in
White Plains,  New York that manages equipment leasing  portfolios  representing
more than $800 million of original equipment value.  "Following the agreement in
principle that we announced on June 28, ICON completed its due diligence and the
parties  have now signed a  definitive  agreement,"  said Mark W.  Leunig,  Vice
President of the Corporation.

         As  previously  announced,  the  Corporation  estimates  that it  would
receive  approximately $13 million as its portion of the sale proceeds.  Because
the sale is expected to generate a book loss,  the  Corporation  recorded a $1.9
million charge, net of tax benefit of $1.2 million, in the fourth quarter of its
fiscal  year ended April 29,  2000.  The  transaction  is subject to a number of
conditions   customary   to  such   transactions.   If  these   conditions   are
satisfactorily resolved, the closing is expected to take place within forty-five
days.

                                      MORE

                                       4
NOTE:  Statements made in this news release which are not historical,  including
statements  regarding  the timing and  results of the sale of the  Corporation's
equipment  leasing  business  and the  estimated  proceeds  from the sale of the
equipment   leasing   business,   are   forward-looking    statements   .   Such
forward-looking  statements are subject to a number of risks and  uncertainties,
and there can be no  assurance  that the  expectations  or results  reflected in
those  statements  will be realized or  achieved.  Such risks and  uncertainties
include,  without limitation,  the failure of the proposed  transaction to close
for whatever reasons, purchase price adjustments,  post-closing  indemnification
obligations, the failure to satisfy other conditions necessary to consummate the
sale of the equipment  leasing  business,  and the  possibility  that a delay in
resolving such conditions could jeopardize the transaction.

         Copies of Genesee  Corporation  press  releases are  available  free of
charge by calling PRNewswire's  Company News On Call at 800-758-5804,  Extension
352775, or on the Internet at http://www.prnewswire.com/cnoc.

                                    - END -

                                       5