content: 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 report) December 31, 1997
  
  
  
                             GOLF TRAINING SYSTEMS, INC.
  
  
  
                                      Delaware
                   (State or other jurisdiction of incorporation)
  
                    0-25332                               58-1963120
                  (Commission                           (IRS Employer
                  File Number)                        Identification No.)
  
  
                 3400 Corporate Way, Suite G, Duluth, Georgia 30136
                 (Address of principal executive offices) (Zip Code)
  
  
  
          Registrant's telephone number, including area code (770) 623-6400
  
  
  
  <PAGE>
  
  
  
  
  
  Item 5.  Other events
  
       Effective  December  31,  1997,  the  Company  entered  into a  short  term
  $1,000,000  secured  credit  facility  with John H.  Laeri,  Jr., a resident  of
  Connecticut.  The facility  included the issuance of a six-month  warrant to Mr.
  Laeri to  purchase  1,000,000  shares of the common  stock of the  Company for a
  purchase price of $250,000.00.  An initial  $750,000.00 advance under the credit
  facility was funded to the Company on January 6, 1998, and  disbursement  of the
  $250,000.00  balance of the credit  facility  is  subject  to  conditions  which
  include the  Company's  progress in obtaining  approval  from the holders of its
  common stock for an increase in the Company's authorized common stock to support
  the  convertible  preferred  stock and warrant to be issued in  connection  with
  refinancing  the bridge loan. The Company  anticipates  holding a  shareholders'
  meeting in the first quarter of calendar year 1998 to seek such approval.
  
  Exhibits:
  
          10.       Material Contracts
  
                    Senior Note dated December 31, 1997
  
                    Security Agreement dated December 31, 1997
  
                    Certificate of Designation of Series B-1 Preferred Stock
  
  
  
  
  
  <PAGE>
  
  
                                      SIGNATURE
  
       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.
  
  Dated:  January 9, 1998
  
  
                                                      GOLF TRAINING SYSTEMS, INC.
  
  
                                                       By: /S/ Daniel A. Gordon
                                                       ------------------------
                                                            Daniel A. Gordon
                                                        Chief Executive Officer
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metadata_filer: {"company-data": {"conformed-name": "GOLF TRAINING SYSTEMS INC", "cik": "0000879712", "assigned-sic": "3949", "irs-number": "581963120", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-25044", "film-number": "98504156"}, "business-address": {"street1": "3400 CORPORATE WAY STE G", "city": "DULUTH", "state": "GA", "zip": "30136", "phone": "7706236400"}, "mail-address": {"street1": "3400 CORPORATE WAY", "street2": "SUITE G", "city": "DULUTH", "state": "GA", "zip": "30136"}}
text: 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 report) December 31, 1997
  
                             GOLF TRAINING SYSTEMS, INC.
  
                                      Delaware
                   (State or other jurisdiction of incorporation)
  
                    0-25332                               58-1963120
                  (Commission                           (IRS Employer
                  File Number)                        Identification No.)
  
                 3400 Corporate Way, Suite G, Duluth, Georgia 30136
                 (Address of principal executive offices) (Zip Code)
  
          Registrant's telephone number, including area code (770) 623-6400
  Item 5.  Other events
  
       Effective  December  31,  1997,  the  Company  entered  into a  short  term
  $1,000,000  secured  credit  facility  with John H.  Laeri,  Jr., a resident  of
  Connecticut.  The facility  included the issuance of a six-month  warrant to Mr.
  Laeri to  purchase  1,000,000  shares of the common  stock of the  Company for a
  purchase price of $250,000.00.  An initial  $750,000.00 advance under the credit
  facility was funded to the Company on January 6, 1998, and  disbursement  of the
  $250,000.00  balance of the credit  facility  is  subject  to  conditions  which
  include the  Company's  progress in obtaining  approval  from the holders of its
  common stock for an increase in the Company's authorized common stock to support
  the  convertible  preferred  stock and warrant to be issued in  connection  with
  refinancing  the bridge loan. The Company  anticipates  holding a  shareholders'
  meeting in the first quarter of calendar year 1998 to seek such approval.
  
  Exhibits:
  
          10.       Material Contracts
  
                    Senior Note dated December 31, 1997
  
                    Security Agreement dated December 31, 1997
  
                    Certificate of Designation of Series B-1 Preferred Stock
  SIGNATURE
  
       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.
  
  Dated:  January 9, 1998
  
                                                      GOLF TRAINING SYSTEMS, INC.
  
                                                       By: /S/ Daniel A. Gordon
                                                       ------------------------
                                                            Daniel A. Gordon
                                                        Chief Executive Officer