<PAGE>                              
                              
                              
             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)
                              
               October 4, 1996
                              
                    Applied Graphics Technologies, Inc.

  (EXACT NAME OF REGISTRATION AS SPECIFIED IN ITS CHARTER)
                              
        Delaware            0-28208        13-3864004
                              
 (STATE OR OTHER JURISDICTION       (COMMISSION         (IRS EMPLOYER
    OF INCORPORATION)               FILE NUMBER)     IDENTIFICATION NO.)
                              
          28 West 23rd Street, New York, NY  10010
                              
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)          (ZIP CODE)
                              
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:    (212) 929-4111
                              
                       Not applicable
                              
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT.)
                              
<PAGE>                              
                              
     Item 4.  CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT

In  April of 1996, Applied Graphics Technologies, Inc. ("AGT"  or
"the  Company")  became a publicly held entity in  a  transaction
where  AGT,  as a newly formed entity, consisting of the  assets,
liabilities and operations of the prepress business carved out of
AGT's  parent,  Applied Printing Technologies  LP  ("APT"),  sold
approximately  35%  of  its common stock  in  an  initial  public
offering.

Coopers & Lybrand LLP has been the independent accountant for AGT
and  has previously reported on the financial statements  of  the
Company  in connection with the carve-out and for the year  ended
December 31, 1995.  The reports of Coopers & Lybrand LLP  on  the
Company's financial statements for the past two fiscal years  did
not  contain  an adverse opinion or a disclaimer of  opinion  and
were not qualified or modified as to uncertainly, audit scope  or
accounting principle.

As   a   newly  public  company,  AGT  has  been  reviewing   its
relationships with its professional service providers and  others
to  determine  the  appropriateness of  continuing  existing,  or
establishing new relationships for the Company.

On September 27, 1996, the Audit Committee approved, effective as
of  October  1,  1996,  the selection of Deloitte  &  Touche  LLP
("newly engaged accountants") as independent accountants for  the
Company  for  the year ending December 31, 1996.  Such  selection
replaces Coopers & Lybrand LLP ("former accountants").  Coopers &
Lybrand LLP continue to serve as independent accountants for APT.

The  Company has had no disagreements with the former accountants
during the two most recent fiscal years or the subsequent interim
periods  to  September  27,  1996, on any  matter  of  accounting
principle, financial statement disclosure, or auditing  scope  or
procedure.

The  Company has requested Coopers & Lybrand LLP to furnish it  a
letter addressed to the Commission stating whether it agrees with
the  above statements.  A copy of that letter is filed as Exhibit
16 to this Form 8-K.



SIGNATURE

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.


October 4, 1996


                                   /s/ Louis Salamone, Jr.
                                   Louis Salamone, Jr.
                                   Senior Vice President and
                                   Chief Financial Officer

<PAGE>



Exhibit 16

October 4, 1996

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.  20549

Gentlemen:

We   have   read   the   statements  made  by  Applied   Graphics
Technologies, Inc. (copy attached), which we understand  will  be
filed  with  the Commission, pursuant to Item 4 of Form  8-K,  as
part  of  the Company's Form 8-K report for the month of October,
1996.   We agree with the statement concerning our Firm  in  such
Form 8-K.

Very truly yours,

/s/ Coopers & Lybrand L.L.P.

Coopers & Lybrand L.L.P.


<PAGE>
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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)
                              
               October 4, 1996
                              
                    Applied Graphics Technologies, Inc.

  (EXACT NAME OF REGISTRATION AS SPECIFIED IN ITS CHARTER)
                              
        Delaware            0-28208        13-3864004
                              
 (STATE OR OTHER JURISDICTION       (COMMISSION         (IRS EMPLOYER
    OF INCORPORATION)               FILE NUMBER)     IDENTIFICATION NO.)
                              
          28 West 23rd Street, New York, NY  10010
                              
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)          (ZIP CODE)
                              
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:    (212) 929-4111
                              
                       Not applicable
                              
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT.)
Item 4.  CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT

In  April of 1996, Applied Graphics Technologies, Inc. ("AGT"  or
"the  Company")  became a publicly held entity in  a  transaction
where  AGT,  as a newly formed entity, consisting of the  assets,
liabilities and operations of the prepress business carved out of
AGT's  parent,  Applied Printing Technologies  LP  ("APT"),  sold
approximately  35%  of  its common stock  in  an  initial  public
offering.

Coopers & Lybrand LLP has been the independent accountant for AGT
and  has previously reported on the financial statements  of  the
Company  in connection with the carve-out and for the year  ended
December 31, 1995.  The reports of Coopers & Lybrand LLP  on  the
Company's financial statements for the past two fiscal years  did
not  contain  an adverse opinion or a disclaimer of  opinion  and
were not qualified or modified as to uncertainly, audit scope  or
accounting principle.

As   a   newly  public  company,  AGT  has  been  reviewing   its
relationships with its professional service providers and  others
to  determine  the  appropriateness of  continuing  existing,  or
establishing new relationships for the Company.

On September 27, 1996, the Audit Committee approved, effective as
of  October  1,  1996,  the selection of Deloitte  &  Touche  LLP
("newly engaged accountants") as independent accountants for  the
Company  for  the year ending December 31, 1996.  Such  selection
replaces Coopers & Lybrand LLP ("former accountants").  Coopers &
Lybrand LLP continue to serve as independent accountants for APT.

The  Company has had no disagreements with the former accountants
during the two most recent fiscal years or the subsequent interim
periods  to  September  27,  1996, on any  matter  of  accounting
principle, financial statement disclosure, or auditing  scope  or
procedure.

The  Company has requested Coopers & Lybrand LLP to furnish it  a
letter addressed to the Commission stating whether it agrees with
the  above statements.  A copy of that letter is filed as Exhibit
16 to this Form 8-K.

SIGNATURE

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.

October 4, 1996

                                   /s/ Louis Salamone, Jr.
                                   Louis Salamone, Jr.
                                   Senior Vice President and
                                   Chief Financial Officer
Exhibit 16

October 4, 1996

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.  20549

Gentlemen:

We   have   read   the   statements  made  by  Applied   Graphics
Technologies, Inc. (copy attached), which we understand  will  be
filed  with  the Commission, pursuant to Item 4 of Form  8-K,  as
part  of  the Company's Form 8-K report for the month of October,
1996.   We agree with the statement concerning our Firm  in  such
Form 8-K.

Very truly yours,

/s/ Coopers & Lybrand L.L.P.

Coopers & Lybrand L.L.P.