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) May 29, 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 8.  CHANGE IN FISCAL YEAR.
         ----------------------

     On May 29,  1997,  the Board of  Directors  of  Chaparral  Resources,  Inc.
("Company")  changed the Company's  fiscal year end from November 30 to December
31. The  transition  period from December 1, 1996 to December 31, 1996,  will be
covered in the  Company's  Annual  Report on Form 10-K for the new  fiscal  year
ending December 31, 1997.


                                        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:    June 2, 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": "1130"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-07261", "film-number": "97621776"}, "business-address": {"street1": "3400 BISSONNET STREET", "street2": "SUITE 135", "city": "HOUSTON", "state": "TX", "zip": "77005", "phone": "713-669-0932"}, "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) May 29, 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 8.  CHANGE IN FISCAL YEAR.
         ----------------------

     On May 29,  1997,  the Board of  Directors  of  Chaparral  Resources,  Inc.
("Company")  changed the Company's  fiscal year end from November 30 to December
31. The  transition  period from December 1, 1996 to December 31, 1996,  will be
covered in the  Company's  Annual  Report on Form 10-K for the new  fiscal  year
ending December 31, 1997.

                                        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:    June 2, 1997

                                               CHAPARRAL RESOURCES, INC.

                                               By: /S/HOWARD KARREN
                                                   -----------------------------
                                                   Howard Karren, President

                                        3