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) October 23, 2001
                                                       ----------------


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


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


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



    Registrant's telephone number, including area code (203) 758-1811
                                                       --------------



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




<PAGE>



Item 5.   Other Events

As  previously  disclosed,  the Company has  received  notices  from its primary
lenders regarding a lack of compliance with certain  financial  covenants of the
Company's  primary Loan Agreement.  Despite these default issues,  the Company's
primary lenders have not to date terminated the revolving line of credit portion
of  the  Loan  Agreement,  pursuant  to  which  advances  have  been  made  on a
discretionary  basis.  However, the lenders have reserved their right to declare
such advances due and payable  and/or limit the amount of such future  advances,
have been closely  monitoring  such  advances,  and have  increased the interest
rates on such advances (and the outstanding term loans).

The Company has received  notice from its primary lenders that such lenders will
not commit to make any further advances.  Unless its primary lenders continue to
make  such  advances,  the  Company  does not have  another  source  of  capital
available to fund its operations.






                                      - 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/ WILLIAM G. HENRY
                                                ---------------------
                                                William G. Henry
                                                Vice President and
                                                Principal Financial Officer



Dated:  October 30, 2001
        ----------------








                                      - 3 -
[{"type": "8-K", "sequence": "1", "filename": "oct8k.txt", "description": "OCTOBER 2001 8-K", "secsgml_size_bytes": 3445}]
{"company-data": {"conformed-name": "GENERAL DATACOMM INDUSTRIES INC", "cik": "0000040518", "assigned-sic": "3661", "irs-number": "060853856", "state-of-incorporation": "DE", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-08086", "film-number": "1770940"}, "business-address": {"street1": "ROUTE 63", "city": "MIDDLEBURY", "state": "CT", "zip": "06762", "phone": "2035741118"}, "mail-address": {"street1": "P O BOX 1299", "city": "MIDDLEBURY", "state": "CT", "zip": "06762-1299"}}
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) October 23, 2001
                                                       ----------------

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

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

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

    Registrant's telephone number, including area code (203) 758-1811
                                                       --------------

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

As  previously  disclosed,  the Company has  received  notices  from its primary
lenders regarding a lack of compliance with certain  financial  covenants of the
Company's  primary Loan Agreement.  Despite these default issues,  the Company's
primary lenders have not to date terminated the revolving line of credit portion
of  the  Loan  Agreement,  pursuant  to  which  advances  have  been  made  on a
discretionary  basis.  However, the lenders have reserved their right to declare
such advances due and payable  and/or limit the amount of such future  advances,
have been closely  monitoring  such  advances,  and have  increased the interest
rates on such advances (and the outstanding term loans).

The Company has received  notice from its primary lenders that such lenders will
not commit to make any further advances.  Unless its primary lenders continue to
make  such  advances,  the  Company  does not have  another  source  of  capital
available to fund its operations.

                                      - 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/ WILLIAM G. HENRY
                                                ---------------------
                                                William G. Henry
                                                Vice President and
                                                Principal Financial Officer

Dated:  October 30, 2001
        ----------------

                                      - 3 -