content: SECURITIES AND EXCHANGE COMMISSION
                          Washington, DC 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 26, 1998
                                   
                 TOUCHSTONE APPLIED SCIENCE ASSOCIATES, INC.  
            (Exact Name of  Registrant as Specified in Charter)
    
    
             Delaware               0-20303           13-2846796       
  (State or Other Jurisdiction   (Commission       (I.R.S. Employer
        of Incorporation)         File Number)     Identification No.)
    
    
  P.O. Box 382, 4 Hardscrabble Heights, Brewster, New York       10509
  --------------------------------------------------------       -----
      (Address of Principal Executive Offices)                  Zip Code    
                                  
    
    Registrant's telephone number, including area code:  (914) 277-8100
                                                         --------------
    
    
         -----------------------------------------------------------
         Former name or former address, if changed since last report
                                  
  
  Item 5.    Other Events.
             ------------
  
         Pending Acquisition of Drake Training Services
         ----------------------------------------------
  Corporation and Drake Business Schools Corporation.  On March 26,
  --------------------------------------------------
  1998, Touchstone Applied Science Associates, Inc. entered into a
  letter of intent to purchase all of the issued and outstanding
  capital stock of each of Drake Training Services Corporation and
  Drake Business Schools Corporation for an aggregate  purchase
  price equal to approximately $2,500,000.  The acquisition is
  currently scheduled for closing on or about July 1, 1998 and is
  subject to the execution of definitive documentation and the
  satisfaction of conditions precedent.
  
  
  
                              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, thereunto duly
  authorized.
  
  
                         TOUCHSTONE APPLIED SCIENCE ASSOCIATES, INC. 
  
  
  
  
                         By:  /s/ ANDREW L. SIMON
                             ---------------------------------
                                             
                              Andrew L. Simon
                              President
  
  
  Date: April 9, 1998
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "CURRENT REPORT", "secsgml_size_bytes": 2602}]
metadata_filer: {"company-data": {"conformed-name": "TOUCHSTONE APPLIED SCIENCE ASSOCIATES INC /NY/", "cik": "0000726603", "assigned-sic": "8200", "irs-number": "132846796", "state-of-incorporation": "DE", "fiscal-year-end": "1031"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-20303", "film-number": "98591059"}, "business-address": {"street1": "FIELDS LANE", "street2": "P O BOX 382", "city": "BREWSTER", "state": "NY", "zip": "10509", "phone": "9142778100"}}
text: SECURITIES AND EXCHANGE COMMISSION
                          Washington, DC 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 26, 1998
                                   
                 TOUCHSTONE APPLIED SCIENCE ASSOCIATES, INC.  
            (Exact Name of  Registrant as Specified in Charter)
    
    
             Delaware               0-20303           13-2846796       
  (State or Other Jurisdiction   (Commission       (I.R.S. Employer
        of Incorporation)         File Number)     Identification No.)
    
    
  P.O. Box 382, 4 Hardscrabble Heights, Brewster, New York       10509
  --------------------------------------------------------       -----
      (Address of Principal Executive Offices)                  Zip Code    
                                  
    
    Registrant's telephone number, including area code:  (914) 277-8100
                                                         --------------
    
    
         -----------------------------------------------------------
         Former name or former address, if changed since last report
                                  
  
  Item 5.    Other Events.
             ------------
  
         Pending Acquisition of Drake Training Services
         ----------------------------------------------
  Corporation and Drake Business Schools Corporation.  On March 26,
  --------------------------------------------------
  1998, Touchstone Applied Science Associates, Inc. entered into a
  letter of intent to purchase all of the issued and outstanding
  capital stock of each of Drake Training Services Corporation and
  Drake Business Schools Corporation for an aggregate  purchase
  price equal to approximately $2,500,000.  The acquisition is
  currently scheduled for closing on or about July 1, 1998 and is
  subject to the execution of definitive documentation and the
  satisfaction of conditions precedent.
  
                              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, thereunto duly
  authorized.
  
                         TOUCHSTONE APPLIED SCIENCE ASSOCIATES, INC. 
  
                         By:  /s/ ANDREW L. SIMON
                             ---------------------------------
                                             
                              Andrew L. Simon
                              President
  
  Date: April 9, 1998