content: 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) March 11, 1999
                                                   --------------
  
                               GRADCO SYSTEMS, INC.
  -------------------------------------------------------------------------------
              (Exact name of registrant as specified in its charter)
                   
               Nevada                      0-12829                95-3342977
  -------------------------------------------------------------------------------
   (State or other jurisdiction of       (Commission           (I.R.S. Employer 
    incorporation or organization)       File Number)         Identification No.)
  
      3753 Howard Hughes Pkwy, Ste 200,
              Las Vegas, Nevada                                     89109
  -------------------------------------------------------------------------------
  (Address of principal executive offices)                        (Zip Code)
  
  Registrant's telephone number, including area code: (702) 892-3714
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  Item 5. Other Events.
  
       The Company announced, March 11, 1999, that its Board of Directors has 
  approved the repurchase of up to two million shares of the Company's common 
  stock by the Company in the market from time to time.  Immediately thereafter 
  the Company determined that its wholly-owned subsidiary, Gradco (USA) Inc., 
  would make any such purchases directly.  The Board adopted resolutions to such 
  effect.
  
  Item 7. Financial Statements and Exhibits.
  
          c. Exhibits.
  
          Exhibit 1     Registrant's press release issued March 11, 1999
                        regarding the 2 million share buyback program.
  
  
                                   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 thereunto duly authorized.
  
  
                              GRADCO SYSTEMS, INC.
                              Registrant
  
  
                              By:
  
  
  Date:  May 11, 1999         BERNARD BRESSLER
                              Bernard Bressler
                              Secretary and Treasurer
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 2514}]
metadata_filer: {"company-data": {"conformed-name": "GRADCO SYSTEMS INC", "cik": "0000719597", "assigned-sic": "3579", "irs-number": "953342977", "state-of-incorporation": "CA", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-12829", "film-number": "99617246"}, "business-address": {"street1": "3753 HOWARD HUGHES PARKWAY SUITE 200", "city": "LAS VEGAS", "state": "NV", "zip": "89109", "phone": "7028923714"}, "mail-address": {"street1": "3753 HOWARD HUGHES PKWY", "city": "LAS VEGAS", "state": "NV", "zip": "89109"}}
text: 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) March 11, 1999
                                                   --------------
  
                               GRADCO SYSTEMS, INC.
  -------------------------------------------------------------------------------
              (Exact name of registrant as specified in its charter)
                   
               Nevada                      0-12829                95-3342977
  -------------------------------------------------------------------------------
   (State or other jurisdiction of       (Commission           (I.R.S. Employer 
    incorporation or organization)       File Number)         Identification No.)
  
      3753 Howard Hughes Pkwy, Ste 200,
              Las Vegas, Nevada                                     89109
  -------------------------------------------------------------------------------
  (Address of principal executive offices)                        (Zip Code)
  
  Registrant's telephone number, including area code: (702) 892-3714
                                                      --------------
  
  Item 5. Other Events.
  
       The Company announced, March 11, 1999, that its Board of Directors has 
  approved the repurchase of up to two million shares of the Company's common 
  stock by the Company in the market from time to time.  Immediately thereafter 
  the Company determined that its wholly-owned subsidiary, Gradco (USA) Inc., 
  would make any such purchases directly.  The Board adopted resolutions to such 
  effect.
  
  Item 7. Financial Statements and Exhibits.
  
          c. Exhibits.
  
          Exhibit 1     Registrant's press release issued March 11, 1999
                        regarding the 2 million share buyback program.
  
                                   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 thereunto duly authorized.
  
                              GRADCO SYSTEMS, INC.
                              Registrant
  
                              By:
  
  Date:  May 11, 1999         BERNARD BRESSLER
                              Bernard Bressler
                              Secretary and Treasurer