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): July 2, 2001

                          GRAND COURT LIFESTYLES, INC.
             (Exact name of registrant as specified in its charter)

Delaware                        0-21249                           22-3423087
(State or other                 (Commission                       (IRS Employer
jurisdiction of                 File Number)                      Identification
incorporation)                                                    Number)

2650 North Military Trail, Suite 350, Boca Raton, Florida         33431
(Address of principal executive offices)                          (Zip Code)

       Registrant's telephone number, including area code: (561) 997-0323

                                       n/a
             (Former name or address, if changed since last report)

<PAGE>

      Item 5. Other Events

      On March 20, 2000, Grand Court Lifestyles, Inc. (the "Company") filed a
petition for reorganization in the United States Bankruptcy Court, District of
New Jersey (the "Court") under Chapter 11 of the United States Bankruptcy Code.

      On July 2, 2001, Leisure Centers LLC-I, the owner of the Grand
Court-Corpus Christi and the Grand Court-Temple senior living communities and
Leisure Centers LLC-III, the owner of the Grand Court-Tyler senior living
community, each filed a voluntary petition to reorganize under Chapter 11 of the
U.S. Bankruptcy Code with the U.S. Bankruptcy Court for the District of New
Jersey. The case number for Leisure Centers, LLC-I is 01-37669 NLW. The case
number for Leisure Centers, LLC-III is 01-37670 NLW. All documents filed with
the Bankruptcy Court are available to the public. Grand Court Lifestyles, Inc.
is (i) the 50% managing member of each entity and (ii) a creditor of each
entity.

      On July 17, 2001, the Company submitted its Monthly Operating Report for
the month of June 2001 to the Court, a copy of which is attached hereto as
Exhibit 99.1. Exhibits, ledgers, and bank statement information attached to the
Monthly Operating Report may be obtained from the Court.

<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.

                                        GRAND COURT LIFESTYLES, INC.


                                        By: /s/ John Luciani
                                        JOHN LUCIANI,
                                        Chairman of the Board and Chief
                                        Executive Officer

Dated: July 25, 2001
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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): July 2, 2001

                          GRAND COURT LIFESTYLES, INC.
             (Exact name of registrant as specified in its charter)

Delaware                        0-21249                           22-3423087
(State or other                 (Commission                       (IRS Employer
jurisdiction of                 File Number)                      Identification
incorporation)                                                    Number)

2650 North Military Trail, Suite 350, Boca Raton, Florida         33431
(Address of principal executive offices)                          (Zip Code)

       Registrant's telephone number, including area code: (561) 997-0323

                                       n/a
             (Former name or address, if changed since last report)
Item 5. Other Events

      On March 20, 2000, Grand Court Lifestyles, Inc. (the "Company") filed a
petition for reorganization in the United States Bankruptcy Court, District of
New Jersey (the "Court") under Chapter 11 of the United States Bankruptcy Code.

      On July 2, 2001, Leisure Centers LLC-I, the owner of the Grand
Court-Corpus Christi and the Grand Court-Temple senior living communities and
Leisure Centers LLC-III, the owner of the Grand Court-Tyler senior living
community, each filed a voluntary petition to reorganize under Chapter 11 of the
U.S. Bankruptcy Code with the U.S. Bankruptcy Court for the District of New
Jersey. The case number for Leisure Centers, LLC-I is 01-37669 NLW. The case
number for Leisure Centers, LLC-III is 01-37670 NLW. All documents filed with
the Bankruptcy Court are available to the public. Grand Court Lifestyles, Inc.
is (i) the 50% managing member of each entity and (ii) a creditor of each
entity.

      On July 17, 2001, the Company submitted its Monthly Operating Report for
the month of June 2001 to the Court, a copy of which is attached hereto as
Exhibit 99.1. Exhibits, ledgers, and bank statement information attached to the
Monthly Operating Report may be obtained from the Court.
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.

                                        GRAND COURT LIFESTYLES, INC.

                                        By: /s/ John Luciani
                                        JOHN LUCIANI,
                                        Chairman of the Board and Chief
                                        Executive Officer

Dated: July 25, 2001