UNITED STATES
                       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):  January 31, 1997

Commission File Number:    333-05581


                             GOLDEN BEAR GOLF, INC.
--------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its charter)


               Florida                                   65-0680880
-----------------------------------          ----------------------------------
   (State or other jurisdiction of                (I.R.S. Employer 
   incorporation or organization)                  Identification Number)


11780 U.S. Highway One, North Palm Beach, Florida                    33408
--------------------------------------------------------------------------------
  (Address of principal executive offices)                         (Zip Code)


                                 (561) 626-3900
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)


                                 Not Applicable
--------------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report)


<PAGE>



ITEM 2.      ACQUISITION OR DISPOSITION OF ASSETS

OASIS GOLF CENTER

On January 31, 1997, Golden Bear Golf, Inc. (the "Company") consummated the
acquisition of certain assets utilized in connection with Oasis Golf Center (an
existing "dome" type golf practice and instruction facility located in Plymouth,
Michigan) and the lease of the related real property, in accordance with an
agreement dated as of January 27, 1997, among the Company, All in Fun
Enterprises, Inc. ("All in Fun") and a shareholder of All in Fun. The total
purchase price for the assets was $3.2 million of which $1.0 million was paid in
cash at the closing and the remainder is evidenced by a non-interest bearing
installment of $200,000 due on August 1, 1997, another non-interest bearing
installment of $1.0 million due on May 1, 1998 and a $1.0 million promissory
note. Principal under the promissory note is payable in two $500,000
installments due two years and four years from the date of closing. The note is
secured by substantially all of the assets acquired in the transaction and bears
interest at 9% per annum, payable quarterly. For financial statement purposes,
interest at a rate of 9% per annum has been imputed on the non-interest bearing
installment of $1.0 million due May 1, 1998, reducing the present value of this
obligation to approximately $900,000.

The cash portion of the purchase price was funded from the proceeds of the
Company's recent initial public offering. The fair value of net assets acquired
(substantially all property and equipment) was approximately $1.7 million which
resulted in the recording of goodwill in the amount of $1.4 million.

In connection with the asset purchase transaction, the Company also entered into
a new ground lease for the real property underlying the golf center facilities.
The ground lease is for a term of 20 years and provides for rent starting at
$300,000 for the first lease year, with increases each subsequent year based on
increases in the Consumer Price Index. The Company also entered into a sublease
agreement for certain additional real property contiguous to the golf center
facilities. The sublease term is for 20 years, although the lessor may terminate
the sublease by providing 90 days notice, subject to certain limitations. Rent
under the sublease is $30,000 per year for the term of the lease. The primary
ground lease and related sublease for additional property are both with All in
Fun, which has granted the Company the right of first refusal with respect to
proposed sales of both properties.

The Company also entered into a consulting agreement with a shareholder of All
in Fun to perform various services in connection with the acquisition and
development of other new dome type golf center facilities. The term of the
agreement and compensation thereunder are based on meeting certain performance
objectives with respect to the acquisition and development of new golf centers.

OTHER GOLF CENTER ACQUISITIONS

In addition to the acquisition of Oasis Golf Center, the Company also recently
acquired four other golf center facilities in separate, unrelated transactions,
as previously announced. On November 20, 1996, the Company entered into an
agreement to assume a long-term lease for certain real property located in
College Park, Maryland, upon which the Company plans to build a golf center. The
remaining term of the lease expires on December 29, 2015. The rent due under the
lease is equal to $25,000 per year plus 2% of the project's annual revenues
attributable to food services and merchandise sales, plus 5% of all other annual
revenues associated with the operation of the project. In addition, under the
terms of a related finder's agreement, the Company will be obligated to pay a
percentage of the project's annual gross revenues, as follows: 18% of miniature
golf and driving range revenues, 6% of food services and lessons, together with
4% of retail merchandise sales, subject to certain adjustments and scheduled
increases based on the Consumer Price Index for the duration of such periods as
the Company owns and operates the facility.


                                       2
<PAGE>



OTHER GOLF CENTER ACQUISITIONS (CONTINUED)

On December 31, 1996, certain assets utilized in connection with Pop's Golf
Center located in Lake Park, Florida were acquired for a total purchase price of
approximately $762,000 in cash and a profit participation obligation payable to
one of the former shareholders of the golf center, requiring payment of amounts
equal to the greater of $50,000 per year or 4.5% of the project's gross annual
revenues for the duration of such periods as the Company owns and operates the
facility. On December 31, 1996, the Company also acquired MacDivott's Golf
Center located in Royal Oak, Michigan in a stock purchase transaction for a
total purchase price of $1.45 million of which $1.1 million was paid in cash and
the remainder is evidenced by a $350,000 secured promissory note due in three
years with interest at prime plus 0.5% per annum, payable quarterly. The Company
entered into ground lease agreements for the real property underlying both of
these acquired golf centers.

In addition, on January 1, 1997, the Company entered into a long-term lease
agreement for certain assets and the underlying real property utilized in
connection with Sunset Golf Center located in Beaverton, Oregon. The lease
provides for a term of 20 years, with rent based on the greater of a minimum
base rent or a percentage of the gross revenues of the project. Minimum base
rent starts at $175,000 for the first lease year with scheduled increases for
subsequent lease years. Under the terms of the lease agreement, the Company is
required to invest at least $500,000 in improvements to the property prior to
the end of the second lease year.

ITEM 7.      FINANCIAL STATEMENTS AND EXHIBITS

   (c)   Exhibits

         The Company will furnish supplementally a copy of any omitted schedule
         to the Securities and Exchange Commission upon request.

         10   Agreement, dated as of January 27, 1997, between Golden Bear Golf
              Centers, Inc., All in Fun Enterprises, Inc. and Brian Ashley.

         99   Press Release, dated January 6, 1997, reporting the acquisition by
              Golden Bear Golf, Inc. of four new golf centers.


                                       3
<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.

                               GOLDEN BEAR GOLF, INC.




                               /S/JACK P. BATES
                               -----------------------------------------
                               Jack P. Bates
                               Senior Vice President and Chief Financial Officer

                               Date:  February 14, 1997
<PAGE>

                               INDEX TO EXHIBITS

     EXHIBITS
     NUMBER                DESCRIPTION
     ------                -----------
    
         10   Agreement, dated as of January 27, 1997, between Golden Bear Golf
              Centers, Inc., All in Fun Enterprises, Inc. and Brian Ashley.

         99   Press Release, dated January 6, 1997, reporting the acquisition by
              Golden Bear Golf, Inc. of four new golf centers.
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{"company-data": {"conformed-name": "GOLDEN BEAR GOLF INC", "cik": "0001016370", "assigned-sic": "7990", "irs-number": "650680880", "state-of-incorporation": "FL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-21089", "film-number": "97533582"}, "business-address": {"street1": "11780 U S HIGHWAY ONE", "city": "NORTH PALM BEACH", "state": "FL", "zip": "33408", "phone": "4076263900"}, "mail-address": {"street1": "150 WEST FLAGLER STREET", "street2": "SUITE 2200", "city": "MIAMI", "state": "FL", "zip": "33130"}}
UNITED STATES
                       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):  January 31, 1997

Commission File Number:    333-05581

                             GOLDEN BEAR GOLF, INC.
--------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its charter)

               Florida                                   65-0680880
-----------------------------------          ----------------------------------
   (State or other jurisdiction of                (I.R.S. Employer 
   incorporation or organization)                  Identification Number)

11780 U.S. Highway One, North Palm Beach, Florida                    33408
--------------------------------------------------------------------------------
  (Address of principal executive offices)                         (Zip Code)

                                 (561) 626-3900
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)

                                 Not Applicable
--------------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report)
ITEM 2.      ACQUISITION OR DISPOSITION OF ASSETS

OASIS GOLF CENTER

On January 31, 1997, Golden Bear Golf, Inc. (the "Company") consummated the
acquisition of certain assets utilized in connection with Oasis Golf Center (an
existing "dome" type golf practice and instruction facility located in Plymouth,
Michigan) and the lease of the related real property, in accordance with an
agreement dated as of January 27, 1997, among the Company, All in Fun
Enterprises, Inc. ("All in Fun") and a shareholder of All in Fun. The total
purchase price for the assets was $3.2 million of which $1.0 million was paid in
cash at the closing and the remainder is evidenced by a non-interest bearing
installment of $200,000 due on August 1, 1997, another non-interest bearing
installment of $1.0 million due on May 1, 1998 and a $1.0 million promissory
note. Principal under the promissory note is payable in two $500,000
installments due two years and four years from the date of closing. The note is
secured by substantially all of the assets acquired in the transaction and bears
interest at 9% per annum, payable quarterly. For financial statement purposes,
interest at a rate of 9% per annum has been imputed on the non-interest bearing
installment of $1.0 million due May 1, 1998, reducing the present value of this
obligation to approximately $900,000.

The cash portion of the purchase price was funded from the proceeds of the
Company's recent initial public offering. The fair value of net assets acquired
(substantially all property and equipment) was approximately $1.7 million which
resulted in the recording of goodwill in the amount of $1.4 million.

In connection with the asset purchase transaction, the Company also entered into
a new ground lease for the real property underlying the golf center facilities.
The ground lease is for a term of 20 years and provides for rent starting at
$300,000 for the first lease year, with increases each subsequent year based on
increases in the Consumer Price Index. The Company also entered into a sublease
agreement for certain additional real property contiguous to the golf center
facilities. The sublease term is for 20 years, although the lessor may terminate
the sublease by providing 90 days notice, subject to certain limitations. Rent
under the sublease is $30,000 per year for the term of the lease. The primary
ground lease and related sublease for additional property are both with All in
Fun, which has granted the Company the right of first refusal with respect to
proposed sales of both properties.

The Company also entered into a consulting agreement with a shareholder of All
in Fun to perform various services in connection with the acquisition and
development of other new dome type golf center facilities. The term of the
agreement and compensation thereunder are based on meeting certain performance
objectives with respect to the acquisition and development of new golf centers.

OTHER GOLF CENTER ACQUISITIONS

In addition to the acquisition of Oasis Golf Center, the Company also recently
acquired four other golf center facilities in separate, unrelated transactions,
as previously announced. On November 20, 1996, the Company entered into an
agreement to assume a long-term lease for certain real property located in
College Park, Maryland, upon which the Company plans to build a golf center. The
remaining term of the lease expires on December 29, 2015. The rent due under the
lease is equal to $25,000 per year plus 2% of the project's annual revenues
attributable to food services and merchandise sales, plus 5% of all other annual
revenues associated with the operation of the project. In addition, under the
terms of a related finder's agreement, the Company will be obligated to pay a
percentage of the project's annual gross revenues, as follows: 18% of miniature
golf and driving range revenues, 6% of food services and lessons, together with
4% of retail merchandise sales, subject to certain adjustments and scheduled
increases based on the Consumer Price Index for the duration of such periods as
the Company owns and operates the facility.

                                       2
OTHER GOLF CENTER ACQUISITIONS (CONTINUED)

On December 31, 1996, certain assets utilized in connection with Pop's Golf
Center located in Lake Park, Florida were acquired for a total purchase price of
approximately $762,000 in cash and a profit participation obligation payable to
one of the former shareholders of the golf center, requiring payment of amounts
equal to the greater of $50,000 per year or 4.5% of the project's gross annual
revenues for the duration of such periods as the Company owns and operates the
facility. On December 31, 1996, the Company also acquired MacDivott's Golf
Center located in Royal Oak, Michigan in a stock purchase transaction for a
total purchase price of $1.45 million of which $1.1 million was paid in cash and
the remainder is evidenced by a $350,000 secured promissory note due in three
years with interest at prime plus 0.5% per annum, payable quarterly. The Company
entered into ground lease agreements for the real property underlying both of
these acquired golf centers.

In addition, on January 1, 1997, the Company entered into a long-term lease
agreement for certain assets and the underlying real property utilized in
connection with Sunset Golf Center located in Beaverton, Oregon. The lease
provides for a term of 20 years, with rent based on the greater of a minimum
base rent or a percentage of the gross revenues of the project. Minimum base
rent starts at $175,000 for the first lease year with scheduled increases for
subsequent lease years. Under the terms of the lease agreement, the Company is
required to invest at least $500,000 in improvements to the property prior to
the end of the second lease year.

ITEM 7.      FINANCIAL STATEMENTS AND EXHIBITS

   (c)   Exhibits

         The Company will furnish supplementally a copy of any omitted schedule
         to the Securities and Exchange Commission upon request.

         10   Agreement, dated as of January 27, 1997, between Golden Bear Golf
              Centers, Inc., All in Fun Enterprises, Inc. and Brian Ashley.

         99   Press Release, dated January 6, 1997, reporting the acquisition by
              Golden Bear Golf, Inc. of four new golf centers.

                                       3
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.

                               GOLDEN BEAR GOLF, INC.

                               /S/JACK P. BATES
                               -----------------------------------------
                               Jack P. Bates
                               Senior Vice President and Chief Financial Officer

                               Date:  February 14, 1997
INDEX TO EXHIBITS

     EXHIBITS
     NUMBER                DESCRIPTION
     ------                -----------
    
         10   Agreement, dated as of January 27, 1997, between Golden Bear Golf
              Centers, Inc., All in Fun Enterprises, Inc. and Brian Ashley.

         99   Press Release, dated January 6, 1997, reporting the acquisition by
              Golden Bear Golf, Inc. of four new golf centers.