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) December 3, 1997



                            CHAPARRAL RESOURCES, INC.
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)




          Colorado                       0-7261                   84-0630863
----------------------------      -------------------        -------------------
(State or other jurisdiction     (Commission File No.)        (I.R.S. Employer
 of incorporation)                                           Identification No.)





         3400 Bissonnet Street, Suite 135, Houston, Texas         77005
         ------------------------------------------------         -----
             (Address of principal executive offices)           (Zip Code)



       Registrant's telephone number, including area code: (713) 669-0932







<PAGE>



Item 5. OTHER EVENTS.
---------------------

     On November 14, 1997,  Heartland,  Inc. of Wichita and Collins & McIlhenny,
Inc. ("Plaintiffs") filed a lawsuit against the Company, Howard Karren, Whittier
Trust Company and James A. Jeffs in the District Court of Harris County,  Texas.
The Company was served with the Complaint on December 3, 1997.  Plaintiffs claim
that the Company breached an alleged agreement with them whereby Plaintiffs were
to raise  capital for the Company  through a private  placement of the Company's
securities,  that the  Company  and Mr.  Karren  made false  representations  in
connection  with the alleged  contract and that Whittier Trust Company and James
A. Jeffs  interfered  with the Company's  performance  of the alleged  contract.
Plaintiffs are seeking  actual  damages of $3,435,000  and exemplary  damages of
$25,000,000 from each defendant, plus attorneys' fees.







                                        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.

Date:    December 12, 1997

                                              CHAPARRAL RESOURCES, INC.




                                              By:  /s/  Howard Karren
                                                 -------------------------------
                                                 Howard Karren, President








                                        3
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{"company-data": {"conformed-name": "CHAPARRAL RESOURCES INC", "cik": "0000019252", "assigned-sic": "1311", "irs-number": "840630863", "state-of-incorporation": "CO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-07261", "film-number": "97737052"}, "business-address": {"street1": "3400 BISSONNET STREET", "street2": "SUITE 135", "city": "HOUSTON", "state": "TX", "zip": "77005", "phone": "713-669-09"}, "mail-address": {"street1": "621 17TH STREET SUITE 1301", "city": "DENVER", "state": "CO", "zip": "80293"}}
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) December 3, 1997

                            CHAPARRAL RESOURCES, INC.
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)

          Colorado                       0-7261                   84-0630863
----------------------------      -------------------        -------------------
(State or other jurisdiction     (Commission File No.)        (I.R.S. Employer
 of incorporation)                                           Identification No.)

         3400 Bissonnet Street, Suite 135, Houston, Texas         77005
         ------------------------------------------------         -----
             (Address of principal executive offices)           (Zip Code)

       Registrant's telephone number, including area code: (713) 669-0932
Item 5. OTHER EVENTS.
---------------------

     On November 14, 1997,  Heartland,  Inc. of Wichita and Collins & McIlhenny,
Inc. ("Plaintiffs") filed a lawsuit against the Company, Howard Karren, Whittier
Trust Company and James A. Jeffs in the District Court of Harris County,  Texas.
The Company was served with the Complaint on December 3, 1997.  Plaintiffs claim
that the Company breached an alleged agreement with them whereby Plaintiffs were
to raise  capital for the Company  through a private  placement of the Company's
securities,  that the  Company  and Mr.  Karren  made false  representations  in
connection  with the alleged  contract and that Whittier Trust Company and James
A. Jeffs  interfered  with the Company's  performance  of the alleged  contract.
Plaintiffs are seeking  actual  damages of $3,435,000  and exemplary  damages of
$25,000,000 from each defendant, plus attorneys' fees.

                                        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.

Date:    December 12, 1997

                                              CHAPARRAL RESOURCES, INC.

                                              By:  /s/  Howard Karren
                                                 -------------------------------
                                                 Howard Karren, President

                                        3