UNITED STATES
                       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): August 13, 2003

                                    33-97090
                            (Commission File Number)

                               ACG HOLDINGS, INC.
             (Exact name of registrant as specified in its charter)

         Delaware                                     62-1395968
 (Jurisdiction of Incorporation)           (IRS Employer Identification Number)

                               100 Winners Circle
                           Brentwood, Tennessee 37027
                                 (615) 377-0377

    (Address, including zip code, and telephone number, including area code,
                  of registrant's principal executive office)


                          AMERICAN COLOR GRAPHICS, INC.
             (Exact name of registrant as specified in its charter)

          New York                                     16-1003976
(Jurisdiction of Incorporation)            (IRS Employer Identification Number)

                               100 Winners Circle
                           Brentwood, Tennessee 37027
                                 (615) 377-0377

    (Address, including zip code, and telephone number, including area code,
                  of registrant's principal executive office)


<PAGE>


     Item 5. Other Events and Required FD Disclosure.

     American  Color  Graphics,  Inc. has redeemed all its  outstanding  12 3/4%
Senior Subordinated Notes Due 2005 (the "Notes"), at a redemption price equal to
100% of the  principal  amount of each such Note,  together with all accrued and
unpaid interest thereon to August 2, 2003 (the "Redemption  Date").  Interest on
the Notes  ceased to accrue on and after the  Redemption  Date.  Holders  of the
Notes  were sent a Notice of  Redemption  dated as of July 3,  2003,  containing
instructions  on how to obtain  payment for their Notes  through The Bank of New
York, as Paying Agent.


<PAGE>


                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrants have duly caused this report to be signed on their behalf by the
undersigned hereunto duly authorized.

                                       ACG HOLDINGS, INC.
                                       AMERICAN COLOR GRAPHICS, INC.

                                       By:  /s/ Patrick W. Kellick
                                            ------------------------------------
                                            Patrick W. Kellick
                                            SENIOR VICE PRESIDENT/
                                            CHIEF FINANCIAL OFFICER

Dated: August 13, 2003
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[{"company-data": {"conformed-name": "AMERICAN COLOR GRAPHICS INC", "cik": "0000856709", "assigned-sic": "2750", "irs-number": "161003976", "state-of-incorporation": "NY", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-97090", "film-number": "03841612"}, "business-address": {"street1": "100 WINNERS CIRCLE", "city": "BRENTWOOD", "state": "TN", "zip": "37027", "phone": "6153770377"}, "mail-address": {"street1": "100 WINNERS CIRCLE", "city": "BRENTWOOD", "state": "TN", "zip": "37027"}}, {"company-data": {"conformed-name": "ACG HOLDINGS INC", "cik": "0000856710", "assigned-sic": "2750", "irs-number": "621395968", "state-of-incorporation": "DE", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-97090-01", "film-number": "03841613"}, "business-address": {"street1": "225 HIGH RIDGE RD", "city": "STAMFORD", "state": "CT", "zip": "06905", "phone": "6153770377"}, "mail-address": {"street1": "100 WINNERS CIRCLE", "city": "BRENTWOOD", "state": "TN", "zip": "37027"}, "former-company": {"former-conformed-name": "SULLIVAN HOLDINGS INC", "date-changed": "19920703"}}]
UNITED STATES
                       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): August 13, 2003

                                    33-97090
                            (Commission File Number)

                               ACG HOLDINGS, INC.
             (Exact name of registrant as specified in its charter)

         Delaware                                     62-1395968
 (Jurisdiction of Incorporation)           (IRS Employer Identification Number)

                               100 Winners Circle
                           Brentwood, Tennessee 37027
                                 (615) 377-0377

    (Address, including zip code, and telephone number, including area code,
                  of registrant's principal executive office)

                          AMERICAN COLOR GRAPHICS, INC.
             (Exact name of registrant as specified in its charter)

          New York                                     16-1003976
(Jurisdiction of Incorporation)            (IRS Employer Identification Number)

                               100 Winners Circle
                           Brentwood, Tennessee 37027
                                 (615) 377-0377

    (Address, including zip code, and telephone number, including area code,
                  of registrant's principal executive office)
Item 5. Other Events and Required FD Disclosure.

     American  Color  Graphics,  Inc. has redeemed all its  outstanding  12 3/4%
Senior Subordinated Notes Due 2005 (the "Notes"), at a redemption price equal to
100% of the  principal  amount of each such Note,  together with all accrued and
unpaid interest thereon to August 2, 2003 (the "Redemption  Date").  Interest on
the Notes  ceased to accrue on and after the  Redemption  Date.  Holders  of the
Notes  were sent a Notice of  Redemption  dated as of July 3,  2003,  containing
instructions  on how to obtain  payment for their Notes  through The Bank of New
York, as Paying Agent.
SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrants have duly caused this report to be signed on their behalf by the
undersigned hereunto duly authorized.

                                       ACG HOLDINGS, INC.
                                       AMERICAN COLOR GRAPHICS, INC.

                                       By:  /s/ Patrick W. Kellick
                                            ------------------------------------
                                            Patrick W. Kellick
                                            SENIOR VICE PRESIDENT/
                                            CHIEF FINANCIAL OFFICER

Dated: August 13, 2003