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): May 10, 2005


                            Natural Golf Corporation
             (Exact name of registrant as specified in its charter)

<TABLE>
<CAPTION>
<S>                                                    <C>                                   <C>
               Illinois                                001-31919                             36-3745860
    (State or other jurisdiction of            (Commission File Number)           (IRS Employer Identification No.)
            incorporation)
</TABLE>


   431 Lakeview Court, Suite B, Mount Prospect, Illinois                 60056
         (Address of principal executive offices)                     (Zip Code)


             Registrant's telephone number, including area code: (847) 321-4000
                                                                 --------------

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))

<PAGE>

Item 1.03  Bankruptcy or Receivership.

         On May 10,  2005,  Natural  Golf  Corporation,  Natural  Golf  Products
Corporation,  Natural  Golf Field Sales  Corporation  and Natural  Golf  Schools
Corporation  (collectively,  the "Company") filed voluntary petitions for relief
under Chapter 11 of Title 11 of the United States Code (the  "Bankruptcy  Code")
in the United States  Bankruptcy Court for the Northern  District of District of
Illinois (the "Bankruptcy Court"). The Company's jointly administered Chapter 11
case is captioned In re Natural Golf Corporation, et al., Case No. 05-18603.

         The Company  remains in  possession of its assets and  properties,  and
continues   to  operate   its   businesses   and  manage   its   properties   as
"debtors-in-possession"  pursuant to the  Bankruptcy  Code. The Company filed an
application  with the  Bankruptcy  Court to enter  into a term loan in an amount
equal to $350,000 (the "DIP Loan").  The Bankruptcy  Court, on an interim basis,
authorized the Company to borrow $50,000 of the DIP Loan and scheduled a hearing
for May 26, 2005 regarding the approval of the balance of the DIP Loan.

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued  Listing Rule or
Standard; Transfer of Listing.

         On April 13,  2005,  the Company  received a notice  from the  American
Stock Exchange (the "Exchange"),  attached hereto as Exhibit 3.01,  advising the
Company that it is not in compliance with Section  1003(a)(iv) of the Exchange's
continued  listing  standards.  More  specifically,  the notice  stated that the
Company had sustained losses which are so substantial in relation to its overall
operations or its existing financial  resources,  or its financial condition has
become so impaired that it appears questionable, in the opinion of the Exchange,
as to whether the Company  will be able to continue  operations  and/or meet its
obligations as they mature.

         On April 18, 2005,  the  Exchange  suspended  trading of the  Company's
common stock. On May 12, 2005, the Company  received a notice from the Exchange,
attached  hereto  as  Exhibit  3.02,  that  enclosed  a copy  of the  Exchange's
application to the  Securities  and Exchange  Commission to delist the Company's
common stock from the Exchange  effective at the opening of the trading  session
on May 25, 2005 for failure to regain compliance with Section 1003(a)(iv) of the
Exchange's continued listing standards.

Item 7.01  Regulation FD Disclosure.

         The Company is  currently  negotiating  an  agreement  to sell  certain
assets,  rights and properties owned,  used or held for use by the Company.  The
Company  will  seek  approval  from the  Bankruptcy  Court to  enter  into  such
agreement, subject to the bid and sale procedures to be set by the Court.

<PAGE>

Item 9.01  Financial Statements and Exhibits.

(c) Exhibits

<TABLE>
<CAPTION>
Exhibit No.    Description
-----------    -----------
<S>            <C>
3.01           Letter from Dennis J. Meekins, Vice President - Listing Qualifications, American Stock
               Exchange, to Richard A. Magid, Natural Golf Corporation, dated April 13, 2005.

3.02           Letter from Dennis J. Meekins, Vice President - Listing Qualifications, American Stock
               Exchange, to Richard A. Magid, Natural Golf Corporation, dated May 12, 2005.
</TABLE>


<PAGE>

                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended,  the  Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.


Date:   May 16, 2005

                                                NATURAL GOLF CORPORATION

                                                 By:  /s/ Richard A. Magid
                                                     --------------------------
                                                      Richard A. Magid
                                                      Chief Financial Officer
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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): May 10, 2005

                            Natural Golf Corporation
             (Exact name of registrant as specified in its charter)
Illinois                                001-31919                             36-3745860
    (State or other jurisdiction of            (Commission File Number)           (IRS Employer Identification No.)
            incorporation)
431 Lakeview Court, Suite B, Mount Prospect, Illinois                 60056
         (Address of principal executive offices)                     (Zip Code)

             Registrant's telephone number, including area code: (847) 321-4000
                                                                 --------------

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))
Item 1.03  Bankruptcy or Receivership.

         On May 10,  2005,  Natural  Golf  Corporation,  Natural  Golf  Products
Corporation,  Natural  Golf Field Sales  Corporation  and Natural  Golf  Schools
Corporation  (collectively,  the "Company") filed voluntary petitions for relief
under Chapter 11 of Title 11 of the United States Code (the  "Bankruptcy  Code")
in the United States  Bankruptcy Court for the Northern  District of District of
Illinois (the "Bankruptcy Court"). The Company's jointly administered Chapter 11
case is captioned In re Natural Golf Corporation, et al., Case No. 05-18603.

         The Company  remains in  possession of its assets and  properties,  and
continues   to  operate   its   businesses   and  manage   its   properties   as
"debtors-in-possession"  pursuant to the  Bankruptcy  Code. The Company filed an
application  with the  Bankruptcy  Court to enter  into a term loan in an amount
equal to $350,000 (the "DIP Loan").  The Bankruptcy  Court, on an interim basis,
authorized the Company to borrow $50,000 of the DIP Loan and scheduled a hearing
for May 26, 2005 regarding the approval of the balance of the DIP Loan.

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued  Listing Rule or
Standard; Transfer of Listing.

         On April 13,  2005,  the Company  received a notice  from the  American
Stock Exchange (the "Exchange"),  attached hereto as Exhibit 3.01,  advising the
Company that it is not in compliance with Section  1003(a)(iv) of the Exchange's
continued  listing  standards.  More  specifically,  the notice  stated that the
Company had sustained losses which are so substantial in relation to its overall
operations or its existing financial  resources,  or its financial condition has
become so impaired that it appears questionable, in the opinion of the Exchange,
as to whether the Company  will be able to continue  operations  and/or meet its
obligations as they mature.

         On April 18, 2005,  the  Exchange  suspended  trading of the  Company's
common stock. On May 12, 2005, the Company  received a notice from the Exchange,
attached  hereto  as  Exhibit  3.02,  that  enclosed  a copy  of the  Exchange's
application to the  Securities  and Exchange  Commission to delist the Company's
common stock from the Exchange  effective at the opening of the trading  session
on May 25, 2005 for failure to regain compliance with Section 1003(a)(iv) of the
Exchange's continued listing standards.

Item 7.01  Regulation FD Disclosure.

         The Company is  currently  negotiating  an  agreement  to sell  certain
assets,  rights and properties owned,  used or held for use by the Company.  The
Company  will  seek  approval  from the  Bankruptcy  Court to  enter  into  such
agreement, subject to the bid and sale procedures to be set by the Court.
Item 9.01  Financial Statements and Exhibits.

(c) Exhibits
Exhibit No.    Description
-----------    -----------
3.01           Letter from Dennis J. Meekins, Vice President - Listing Qualifications, American Stock
               Exchange, to Richard A. Magid, Natural Golf Corporation, dated April 13, 2005.

3.02           Letter from Dennis J. Meekins, Vice President - Listing Qualifications, American Stock
               Exchange, to Richard A. Magid, Natural Golf Corporation, dated May 12, 2005.
SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended,  the  Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

Date:   May 16, 2005

                                                NATURAL GOLF CORPORATION

                                                 By:  /s/ Richard A. Magid
                                                     --------------------------
                                                      Richard A. Magid
                                                      Chief Financial Officer