content: U.S. SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, DC 20549
  
  
                                      FORM 8-K
  
  
  
       Pursuant To Section 13 Or 15 (d) of the Securities Exchange Act Of 1934
  
  
  Date of Report (Date of earliest event reported):    December 31, 1997
  
  
                                 CROWELL & CO., INC.
  --------------------------------------------------------------------------------
               (Exact name of registrant as specified in its charter)
  
  
  
               Georgia                        0-7765             58-1021933
               -------                        ------             ----------
    (State or other jurisdiction of         (Commission       (I.R.S. Employer
            incorporation)                  File Number)     Identification No.)
  
  
  610 Industrial Park Boulevard, Evans, GA                               30809
  ----------------------------------------                               -----
  (Address of Principal executive offices)                             (Zip Code)
  
  
  Registrant's telephone number including area code:  (706) 855-1099
                                                      --------------
  
  <PAGE>
  
                                 CROWELL & CO., INC.
  
                                        INDEX
  
                                                                              PAGE
  
  ITEM 2  Acquisition or Disposition of Assets...............................   3
  
  <PAGE>
  
                                 CROWELL & CO., INC.
  
                    ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
  
  
  On December 31, 1997, Crowell & Co., Inc. ("Crowell"),  sold the real estate and
  business  operation known as Petersburg  Racquet Club ("PRC") to Craig S. Jones,
  an individual.  No material  relationship  existed between Mr. Jones and Crowell
  before the sale.
  
  The purchase price of PRC was approximately  $818,000.  This amount was received
  in the form of approximately $100,000 in cash, the assumption of a mortgage loan
  on PRC in the amount of approximately  $576,000, the execution of a note secured
  by a second  mortgage on PRC in favor of Crowell in the amount of  approximately
  $129,000,  the  execution  of a note  in  favor  of  Crowell  in the  amount  of
  approximately  $7,000 and the obligation to pay Crowell the accounts  receivable
  of PRC at  December  31,  1997,  which  are  approximately  $6,000,  as they are
  received.
  
  The net book value of PRC at the time of the sale was approximately $643,000.
  
  <PAGE>
  
                                     SIGNATURES
  
  
       Pursuant to the requirements of the Securities Exchange Act, the registrant
  has duly  caused  this  report to be signed  on its  behalf by the  undersigned,
  hereunto duly authorized.
  
  
                                           Crowell & Co., Inc.
  
  DATE  January 8, 1998                    /s/ Mark L. Gilliam
        ---------------                    ---------------
                                           Mark L. Gilliam as Vice President on
                                           Behalf of the registrant and as Chief
                                           Financial Officer
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "CROWELL & CO., INC. - 8-K", "secsgml_size_bytes": 3125}]
metadata_filer: {"company-data": {"conformed-name": "CROWELL & CO INC /GA/", "cik": "0000065905", "assigned-sic": "6552", "irs-number": "581021933", "state-of-incorporation": "GA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-07765", "film-number": "98503965"}, "business-address": {"street1": "432 S BELAIR RD", "city": "AUGUSTA", "state": "GA", "zip": "30907", "phone": "7068551099"}, "mail-address": {"street1": "432 S BELAIR ROAD", "city": "AUGUSTA", "state": "GA", "zip": "30907"}, "former-company": {"former-conformed-name": "MID SOUTH CORP /GA/", "date-changed": "19891016"}}
text: U.S. SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, DC 20549
  
                                      FORM 8-K
  
       Pursuant To Section 13 Or 15 (d) of the Securities Exchange Act Of 1934
  
  Date of Report (Date of earliest event reported):    December 31, 1997
  
                                 CROWELL & CO., INC.
  --------------------------------------------------------------------------------
               (Exact name of registrant as specified in its charter)
  
               Georgia                        0-7765             58-1021933
               -------                        ------             ----------
    (State or other jurisdiction of         (Commission       (I.R.S. Employer
            incorporation)                  File Number)     Identification No.)
  
  610 Industrial Park Boulevard, Evans, GA                               30809
  ----------------------------------------                               -----
  (Address of Principal executive offices)                             (Zip Code)
  
  Registrant's telephone number including area code:  (706) 855-1099
                                                      --------------
  CROWELL & CO., INC.
  
                                        INDEX
  
                                                                              PAGE
  
  ITEM 2  Acquisition or Disposition of Assets...............................   3
  CROWELL & CO., INC.
  
                    ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
  
  On December 31, 1997, Crowell & Co., Inc. ("Crowell"),  sold the real estate and
  business  operation known as Petersburg  Racquet Club ("PRC") to Craig S. Jones,
  an individual.  No material  relationship  existed between Mr. Jones and Crowell
  before the sale.
  
  The purchase price of PRC was approximately  $818,000.  This amount was received
  in the form of approximately $100,000 in cash, the assumption of a mortgage loan
  on PRC in the amount of approximately  $576,000, the execution of a note secured
  by a second  mortgage on PRC in favor of Crowell in the amount of  approximately
  $129,000,  the  execution  of a note  in  favor  of  Crowell  in the  amount  of
  approximately  $7,000 and the obligation to pay Crowell the accounts  receivable
  of PRC at  December  31,  1997,  which  are  approximately  $6,000,  as they are
  received.
  
  The net book value of PRC at the time of the sale was approximately $643,000.
  SIGNATURES
  
       Pursuant to the requirements of the Securities Exchange Act, the registrant
  has duly  caused  this  report to be signed  on its  behalf by the  undersigned,
  hereunto duly authorized.
  
                                           Crowell & Co., Inc.
  
  DATE  January 8, 1998                    /s/ Mark L. Gilliam
        ---------------                    ---------------
                                           Mark L. Gilliam as Vice President on
                                           Behalf of the registrant and as Chief
                                           Financial Officer