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<TITLE>S-8 1 ds8</TITLE>
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<P style="margin:0pt; font-family:Times New Roman" align=center><B>As filed with the Securities and Exchange Commission on October 25, 2005.</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=right><B>Registration No. 333-</B></P>
<P style="margin:0pt; padding-bottom:3pt; font-family:Times New Roman; font-size:12pt; border-bottom:2.25pt solid #000000"><BR></P>
<P style="margin:0pt; line-height:20pt; font-family:Times New Roman; font-size:18pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>WASHINGTON, D.C. 20549</B></P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>________________</B></P>
<P style="margin:0pt; line-height:18pt; font-family:Times New Roman; font-size:16pt" align=center><B>FORM S-8</B></P>
<P style="margin:0pt; line-height:18pt; font-family:Times New Roman; font-size:16pt" align=center><B>REGISTRATION STATEMENT</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B><I>Under</I></B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B><I>THE SECURITIES ACT OF 1933</I></B></P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>________________</B></P>
<P style="margin:0pt; line-height:24pt; font-family:Times New Roman; font-size:22pt" align=center><B>BLUE RIDGE REAL ESTATE COMPANY</B></P>
<P style="margin:0pt; line-height:24pt; font-family:Times New Roman; font-size:22pt" align=center><B>BIG BOULDER CORPORATION</B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center><B>(Exact Name of Registrant as Specified in Its Charter)</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=367.2><P style="margin:0pt; font-family:Times New Roman" align=center><B>Pennsylvania</B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center><B>(State or Other Jurisdiction of</B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center><B>Incorporation or Organization)</B></P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=223.2><P style="margin:0pt; font-family:Times New Roman" align=center><B>24-0854342 (Blue Ridge)</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>24-0822326 (Big Boulder)</B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center><B>(IRS Employer</B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center><B>Identification No.)</B></P>
</TD></TR>
</TABLE>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>________________</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>P. O. Box 707</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>Blakeslee, Pennsylvania &nbsp;18610-0707</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>(570) 443-8433</B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center><B>(Address, including zip code, of Principal Executive Offices)</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>________________</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>BLUE RIDGE REAL ESTATE COMPANY</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>BIG BOULDER CORPORATION</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>STOCK OPTION AGREEMENTS</B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center><B>(Full Title of the Plan)</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>________________</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>Patrick M. Flynn</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>President and Chief Executive Officer</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>P. O. Box 707</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>Blakeslee, Pennsylvania &nbsp;18610-0707</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>(570) 443-8433</B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center><B>(Name, Address and Telephone Number,</B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center><B>Including Area Code, of Agent for Service)</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>________________</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B><I>Copy to:</I></B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>Joanne R. Soslow, Esq.</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>Morgan, Lewis &amp; Bockius LLP</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>1701 Market Street</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>Philadelphia, PA 19103</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>(215) 963-5000</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>________________</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR>
<BR></P>
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<P style="page-break-before:always; margin:0pt; font-family:Times New Roman" align=center><B>CALCULATION OF REGISTRATION FEE</B></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD style="border-left:3pt double #000000; border-top:3pt double #000000" valign=top width=252><P style="margin:0pt; line-height:10.85pt; font-family:Times New Roman; font-size:9pt" align=center><B>Title of securities</B></P>
<P style="margin:0pt; line-height:10.85pt; font-family:Times New Roman; font-size:9pt" align=center><B>to be</B></P>
<P style="margin:0pt; line-height:10.85pt; font-family:Times New Roman; font-size:9pt" align=center><B>registered</B></P>
</TD><TD style="border-left:0.75pt solid #000000; border-top:3pt double #000000" valign=top width=96><P style="margin:0pt; line-height:10.85pt; font-family:Times New Roman; font-size:9pt" align=center><B>Number of`</B></P>
<P style="margin:0pt; line-height:10.85pt; font-family:Times New Roman; font-size:9pt" align=center><B>shares to be</B></P>
<P style="margin:0pt; line-height:10.85pt; font-family:Times New Roman; font-size:9pt" align=center><B>registered (1)</B></P>
</TD><TD style="border-left:0.75pt solid #000000; border-top:3pt double #000000" valign=top width=96><P style="margin:0pt; line-height:10.85pt; font-family:Times New Roman; font-size:9pt" align=center><B>Proposed maximum</B></P>
<P style="margin:0pt; line-height:10.85pt; font-family:Times New Roman; font-size:9pt" align=center><B>offering price</B></P>
<P style="margin:0pt; line-height:10.85pt; font-family:Times New Roman; font-size:9pt" align=center><B>per share (2)</B></P>
</TD><TD style="border-left:0.75pt solid #000000; border-top:3pt double #000000" valign=top width=96><P style="margin:0pt; line-height:10.85pt; font-family:Times New Roman; font-size:9pt" align=center><B>Proposed maximum </B></P>
<P style="margin:0pt; line-height:10.85pt; font-family:Times New Roman; font-size:9pt" align=center><B>aggregate</B></P>
<P style="margin:0pt; line-height:10.85pt; font-family:Times New Roman; font-size:9pt" align=center><B>offering price </B></P>
</TD><TD style="border-left:0.75pt solid #000000; border-top:3pt double #000000; border-right:3pt double #000000" valign=top width=90><P style="margin:0pt; line-height:10.85pt; font-family:Times New Roman; font-size:9pt" align=center><B>Amount of </B></P>
<P style="margin:0pt; line-height:10.85pt; font-family:Times New Roman; font-size:9pt" align=center><B>registration fee (3)</B></P>
</TD></TR>
<TR><TD style="border-left:3pt double #000000; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=252><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt"><B>Stock Option Agreement with Patrick M. Flynn dated February 1, 2005</B></P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Common Stock, without par value (4)</P>
</TD><TD style="border-left:0.75pt solid #000000; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>15,000</P>
</TD><TD style="border-left:0.75pt solid #000000; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$34.00</P>
</TD><TD style="border-left:0.75pt solid #000000; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$510,000</P>
</TD><TD style="border-left:0.75pt solid #000000; border-top:0.75pt solid #000000; border-right:3pt double #000000; border-bottom:0.75pt solid #000000" valign=top width=90><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$60.03</P>
</TD></TR>
<TR><TD style="border-left:3pt double #000000; border-bottom:0.75pt solid #000000" valign=top width=252><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt"><B>Stock Option Agreement with Eldon D. Dietterick, dated February 1, 2005</B></P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Common Stock, without par value (4)</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>12,000</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$34.00</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$408,000</P>
</TD><TD style="border-left:0.75pt solid #000000; border-right:3pt double #000000; border-bottom:0.75pt solid #000000" valign=top width=90><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$48.03</P>
</TD></TR>
<TR><TD style="border-left:3pt double #000000; border-bottom:0.75pt solid #000000" valign=top width=252><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt"><B>Stock Option Agreement with Richard T. Frey, dated February 1, 2005</B></P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Common Stock, without par value (4)</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>9,000</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$34.00</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$306,000</P>
</TD><TD style="border-left:0.75pt solid #000000; border-right:3pt double #000000; border-bottom:0.75pt solid #000000" valign=top width=90><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$36.02</P>
</TD></TR>
<TR><TD style="border-left:3pt double #000000; border-bottom:0.75pt solid #000000" valign=top width=252><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt"><B>Stock Option Agreement with Mark Daubert, dated February 1, 2005</B></P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Common Stock, without par value (4)</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>6,000</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$34.00</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$204,000</P>
</TD><TD style="border-left:0.75pt solid #000000; border-right:3pt double #000000; border-bottom:0.75pt solid #000000" valign=top width=90><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$24.02</P>
</TD></TR>
<TR><TD style="border-left:3pt double #000000; border-bottom:0.75pt solid #000000" valign=top width=252><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt"><B>Stock Option Agreement with Carl V. Kerstetter, dated February 1, 2005</B></P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Common Stock, without par value (4)</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>3,000</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$34.00</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$102,000</P>
</TD><TD style="border-left:0.75pt solid #000000; border-right:3pt double #000000; border-bottom:0.75pt solid #000000" valign=top width=90><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$12.01</P>
</TD></TR>
<TR><TD style="border-left:3pt double #000000; border-bottom:0.75pt solid #000000" valign=top width=252><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt"><B>Stock Option Agreement with Cynthia A. Barron, dated February 1, 2005</B></P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Common Stock, without par value (4)</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>6,000</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$34.00</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$204,000</P>
</TD><TD style="border-left:0.75pt solid #000000; border-right:3pt double #000000; border-bottom:0.75pt solid #000000" valign=top width=90><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$24.02</P>
</TD></TR>
<TR><TD style="border-left:3pt double #000000; border-bottom:0.75pt solid #000000" valign=top width=252><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt"><B>Stock Option Agreement with Christine A. Liebold, dated February 1, 2005</B></P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Common Stock, without par value (4)</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>1,000</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$34.00</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$34,000</P>
</TD><TD style="border-left:0.75pt solid #000000; border-right:3pt double #000000; border-bottom:0.75pt solid #000000" valign=top width=90><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$4.02</P>
</TD></TR>
<TR><TD style="border-left:3pt double #000000; border-bottom:3pt double #000000" valign=top width=252><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt"><B>Total:</B></P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:3pt double #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center><B>52,000</B></P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:3pt double #000000" valign=top width=96>&nbsp;</TD><TD style="border-left:0.75pt solid #000000; border-bottom:3pt double #000000" valign=top width=96><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center><B>$1,768,000</B></P>
</TD><TD style="border-left:0.75pt solid #000000; border-right:3pt double #000000; border-bottom:3pt double #000000" valign=top width=90><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center><B>$208.15</B></P>
</TD></TR>
</TABLE>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-11pt; padding-left:36pt; text-indent:-36pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">(1)</P>
<P style="margin:0pt; padding-left:36pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">This Registration Statement covers shares of Common Stock of Blue Ridge Real Estate Company/Big Boulder Corporation that may become issuable under the Stock Option Agreements identified above. &nbsp;This Registration Statement also relates to an indeterminate number of shares of Common Stock that may be issued by reason of any stock split, stock dividend, recapitalization or any other similar transaction in accordance with Rule 416. &nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-11pt; padding-left:36pt; text-indent:-36pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">(2)</P>
<P style="margin:0pt; padding-left:36pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Such shares are issuable upon exercise of outstanding options with fixed exercise prices. &nbsp;Pursuant to Rule 457(h), the aggregate offering price and the fee have been computed upon the basis of the price at which the options may be exercised.</P>
<P style="margin-top:0pt; margin-bottom:-11pt; padding-left:36pt; text-indent:-36pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">(3)</P>
<P style="margin:0pt; padding-left:36pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Calculated pursuant to Section 6(b) as follows: proposed maximum aggregate offering price multiplied by $.0001177.</P>
<P style="margin-top:0pt; margin-bottom:-11pt; padding-left:36pt; text-indent:-36pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">(4)</P>
<P style="margin-top:0pt; margin-bottom:9pt; padding-left:36pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">Under a Security Combination Agreement between Blue Ridge Real Estate Company (&#147;Blue Ridge&#148;) and Big Boulder Corporation (&#147;Big Boulder&#148;) (collectively, the &#147;Registrant&#148;) and under the bylaws of Blue Ridge and Big Boulder, shares of Blue Ridge and Big Boulder are combined in unit certificates, each certificate representing the same number of shares of each of Blue Ridge and Big Boulder. &nbsp;Shares of each corporation may be transferred only together with an equal number of shares in the other corporation. &nbsp;For this reason, a combined Blue Ridge/Big Boulder Form S-8 is being filed. &nbsp;Except as otherwise indicated, all information applies to both corporations. &nbsp;</P>
<P style="margin-top:0pt; margin-bottom:12pt; padding-left:36pt; text-indent:-36pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR>
<BR></P>
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<P style="page-break-before:always; margin-top:0pt; margin-bottom:11pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>PART I</B></P>
<P style="margin-top:0pt; margin-bottom:11pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B></P>
<P style="margin-top:0pt; margin-bottom:5.5pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">The documents containing the information specified in this Part I of Form S-8 will be sent or given to participants as specified by Rule 428(b)(1) promulgated under the Securities Act of 1933, as amended, or the Securities Act. &nbsp;Such documents need not be filed with the Securities and Exchange Commission, or the Commission, either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 promulgated under the Securities Act. &nbsp;These documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II of this Form S-8, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act. </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:11pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>PART II</B></P>
<P style="margin-top:0pt; margin-bottom:11pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Item</B> <B>3.</B></P>
<B><P style="margin-top:0pt; margin-bottom:5.5pt; text-indent:72pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Incorporation of Documents by Reference. </B></P>
<P style="margin-top:0pt; margin-bottom:5.5pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">The following documents filed by Blue Ridge Real Estate Company/Big Boulder Corporation, or the Registrant, with the Commission are incorporated by reference into this Registration Statement: </P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:72pt; text-indent:-36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">(1)</P>
<P style="margin-top:0pt; margin-bottom:5.5pt; padding-left:72pt; line-height:13pt; font-family:Times New Roman; font-size:12pt">The Registrant&#146;s Annual Report on Form 10-K for the fiscal year ended October 31, 2004.</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:72pt; text-indent:-36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">(2)</P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:72pt; line-height:13pt; font-family:Times New Roman; font-size:12pt">The Registrant&#146;s Quarterly Reports on Form 10-Q for the quarterly periods ended January 31, 2005, April 30, 2005 and July 31, 2005.</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:72pt; text-indent:-36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">(3)</P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:72pt; line-height:13pt; font-family:Times New Roman; font-size:12pt">The Registrant&#146;s Current Reports on Form 8-K filed with the Commission on February 24, 2005, April 15, 2005 and August 10, 2005.</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:72pt; text-indent:-36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">(4)</P>
<P style="margin-top:0pt; margin-bottom:5.5pt; padding-left:72pt; line-height:13pt; font-family:Times New Roman; font-size:12pt">The description of the Registrant&#146;s shares of Common Stock, without par value, contained in the Registrant&#146;s Form 10 filed with the Commission on September 28, 1967, to register such securities under the Securities Exchange Act of 1934, as amended, or the Exchange Act, including any amendments or reports filed for the purpose of updating such description. </P>
<P style="margin-top:0pt; margin-bottom:11pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">All reports and other documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment that indicates that all securities offered have been sold or that deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference to this Registration Statement and to be a part hereof from the date of the filing of such reports and documents. &nbsp;Unless expressly incorporated into this Registration Statement, a report furnished but not filed on Form 8-K shall not be incorporated by reference into this Registration Statement. &nbsp;</P>
<P style="margin-top:0pt; margin-bottom:5.5pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Any statement contained herein or in a document all or a portion of which is incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document that also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. &nbsp;Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement. </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:11pt; font-family:Times New Roman; font-size:11pt"><B><BR>
<BR></B></P>
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<P style="page-break-before:always; margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Item 4.</B></P>
<B><P style="margin-top:0pt; margin-bottom:11pt; text-indent:72pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Description of Securities.</B></P>
<P style="margin-top:0pt; margin-bottom:11pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Not Applicable. </P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Item 5.</B></P>
<B><P style="margin-top:0pt; margin-bottom:11pt; text-indent:72pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Interests of Named Experts and Counsel. </B></P>
<P style="margin-top:0pt; margin-bottom:11pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Not Applicable.</P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Item 6.</B></P>
<B><P style="margin-top:0pt; margin-bottom:11pt; text-indent:72pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Indemnification of Directors and Officers. </B></P>
<P style="margin-top:0pt; margin-bottom:5.5pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Section 1741 of the Pennsylvania Business Corporation Law, or the PBCL, empowers a corporation to indemnify any officer or director acting in his or her capacity as a representative of the corporation who was or is a party or is threatened to be made a party to any action or proceeding against expenses, judgments, penalties, fines and amounts paid in settlement in connection with such action or proceeding whether the action was instituted by a third party or arose by or in the right of the corporation. The PBCL limits the ability of a corporation to indemnify its officers and directors for conduct constituting willful misconduct or recklessness, or acts in violation of criminal statute. </P>
<P style="margin-top:0pt; margin-bottom:5.5pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">The Registrant&#146;s articles of incorporation provide that its directors and officers shall not be personally liable for monetary damages (including, without limitations, any judgment, amount paid in settlement, penalty, punitive damages or expense of any nature (including, without limitations, attorneys&#146; fees and disbursement)) for any action taken, or any failure to take any action, unless the director has breached or failed to perform the duties of his office under the Registrant&#146;s articles, bylaws or applicable provisions of law and the breach or failure to perform constitutes self-dealing, willful misconduct or recklessness. Further, the articles provide that indemnification shall not apply to the responsibility or liability of a director or officer pursuant to any criminal statute or for the payment of taxes. </P>
<P style="margin-top:0pt; margin-bottom:5.5pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">The Registrant&#146;s bylaws provide for the indemnification of any director or officer made part of any action, suit or proceeding against the reasonable expenses, including attorneys&#146; gees, actually and necessarily incurred by him in connection with the defense of such action, suit or proceed, or in connection with any appeal therein, except in relation to matters as to which it shall be adjudged in such action, suit or proceeding that such director or officer is liable for negligence or misconduct in the performance of his duties. In the case of a criminal action, suit or proceeding, a conviction or judgment (whether based on a plea of guilty or nolo contendere or its equivalent, or after trial) shall not be deemed an adjudication that such officer, director or employee is liable for negligence or misconduct in the performance of his duties if such officer, director or employee was acting in good faith in what he considered to be the Registrant&#146;s best interests and with no reasonable cause to believe that the action was illegal. Further, the bylaws provide that the board of directors may authorize the Registrant to purchase and maintain directors&#146; and officers&#146; liability insurance, insuring against any liability asserted against him and incurred by him in his capacity or arising out of his status as a director and/or officer to the extent authorized by law. </P>
<P style="margin-top:0pt; margin-bottom:5.5pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling the Registrant pursuant to the foregoing provisions, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.</P>
<P style="margin-top:0pt; margin-bottom:11pt; font-family:Times New Roman; font-size:11pt"><B><BR></B></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Item 7.</B></P>
<B><P style="margin-top:0pt; margin-bottom:11pt; text-indent:72pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Exemption from Registration Claimed. </B></P>
<B><P style="margin-top:0pt; margin-bottom:11pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"></B>Not Applicable. </P>
<P style="margin-top:0pt; margin-bottom:11pt; font-family:Times New Roman; font-size:11pt"><BR>
<BR></P>
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<P style="page-break-before:always; margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Item 8.</B></P>
<B><P style="margin-top:0pt; margin-bottom:11pt; text-indent:72pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Exhibits. </B></P>
<P style="margin-top:0pt; margin-bottom:11pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">The following is a list of Exhibits filed as part of this Registration Statement on Form S-8. &nbsp;Where so indicated by footnote, Exhibits that were previously filed are incorporated herein by reference. &nbsp;&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B><U>Exhibit</U></B></P>
<P style="margin-top:0pt; margin-bottom:11pt; text-indent:90pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B><U>Description</U></B></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:90pt; text-indent:-54pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">4.1</P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:90pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Form of Stock Option Agreement, dated February 1, 2005. (Filed March 28, 2005 as Exhibit 10.26 to Amendment No. 1 to the Registrant&#146;s Registration Statement on Form S-1 (File No. 333-121855) and incorporated herein by reference).</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:90pt; text-indent:-54pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">4.2</P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:90pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Schedule of Optionees and Material Terms of Stock Options (Filed March 28, 2005 as Exhibit 10.27 to Amendment No. 1 to the Registrant&#146;s Registration Statement on Form S-1 (File No. 333-121855) and incorporated herein by reference).</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:90pt; text-indent:-54pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">5.1</P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:90pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Opinion of Morgan, Lewis &amp; Bockius LLP.</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:90pt; text-indent:-54pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">23.1</P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:90pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Independent Auditors&#146; Consent.</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:90pt; text-indent:-54pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">23.2</P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:90pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Consent of Morgan, Lewis &amp; Bockius LLP (included in Exhibit 5.1).</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:90pt; text-indent:-54pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">24</P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:90pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Power of Attorney (included as part of the signature page).</P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:90pt; text-indent:-54pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Item 9.</B></P>
<B><P style="margin-top:0pt; margin-bottom:11pt; text-indent:72pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Undertakings. </B></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">(a)</P>
<P style="margin-top:0pt; margin-bottom:11pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">The undersigned Registrant hereby undertakes: </P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:72pt; text-indent:-36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">(1)</P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:72pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement: &nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:108pt; text-indent:-36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">(i)</P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:108pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933; </P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:108pt; text-indent:-36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">(ii)</P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:108pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">to reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement; and </P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:108pt; text-indent:-36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">(iii)</P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:108pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">to include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement; </P>
<P style="margin-top:0pt; margin-bottom:5.5pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><I>provided</I>, <I>however</I>, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement. </P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:72pt; text-indent:-36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">(2)</P>
<P style="margin-top:0pt; margin-bottom:5.5pt; padding-left:72pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time </P>
<P style="margin-top:0pt; margin-bottom:5.5pt; padding-left:72pt; text-indent:-36pt; font-family:Times New Roman; font-size:11pt"><BR>
<BR></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<P style="page-break-before:always; margin-top:0pt; margin-bottom:5.5pt; padding-left:72pt; text-indent:-36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">shall be deemed to be the initial <I>bona fide</I> offering thereof. &nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:72pt; text-indent:-36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">(3)</P>
<P style="margin-top:0pt; margin-bottom:5.5pt; padding-left:72pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">To remove from registration by means of a post-effective amendment any of the securities being registered that remain unsold at the termination of the offering. </P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:36pt; text-indent:-36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">(b)</P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant&#146;s annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan&#146;s annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <I>bona fide</I> offering thereof. </P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:36pt; text-indent:-36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">(c)</P>
<P style="margin-top:0pt; margin-bottom:22pt; padding-left:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. &nbsp;In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.</P>
<P style="margin-top:0pt; margin-bottom:11pt; font-family:Times New Roman; font-size:11pt" align=center><BR>
<BR></P>
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<P style="page-break-before:always; margin-top:0pt; margin-bottom:11pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>SIGNATURES</B></P>
<P style="margin-top:0pt; margin-bottom:11pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Blakeslee, Commonwealth of Pennsylvania, on October 20, 2005.</P>
<P style="margin:0pt; text-indent:216pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>BLUE RIDGE REAL ESTATE COMPANY</P>
<P style="margin:0pt; text-indent:216pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>BIG BOULDER CORPORATION</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:216pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>By:</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:252pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify><U>/s/ Patrick M. Flynn</U></P>
<U><P style="margin:0pt; text-indent:396pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></U></P>
<P style="margin:0pt; text-indent:252pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Patrick M. Flynn</P>
<P style="margin:0pt; text-indent:252pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Chief Executive Officer and</P>
<P style="margin:0pt; text-indent:252pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>President</P>
<P style="margin:0pt; text-indent:216pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:216pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>By:</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:252pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify><U>/s/ Eldon D. Dietterick</U></P>
<U><P style="margin:0pt; text-indent:396pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></U></P>
<P style="margin:0pt; text-indent:252pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Eldon D. Dietterick</P>
<P style="margin:0pt; text-indent:252pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Executive Vice President and</P>
<P style="margin:0pt; text-indent:252pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Treasurer</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<A NAME="poa"></A><P style="margin-top:0pt; margin-bottom:11pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>POWER OF ATTORNEY</B></P>
<P style="margin-top:0pt; margin-bottom:11pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Eldon D. Dietterick and Christine A. Liebold, his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his substitutes or substitute, may lawfully do or cause to be done by virtue hereof. </P>
<P style="margin:0pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated. </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=219.2><P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>Signature</B></P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=top width=250.8><P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>Title</B></P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=top width=161.2><P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>Date</B></P>
</TD></TR>
<TR><TD valign=top width=219.2>&nbsp;</TD><TD valign=top width=250.8>&nbsp;</TD><TD valign=top width=161.2>&nbsp;</TD></TR>
<TR><TD valign=top width=219.2><P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><U>/s/ Michael J. Flynn</U></P>
<U><P style="margin:0pt; text-indent:144pt; font-family:Times New Roman; font-size:11pt"><BR></U></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Michael J. Flynn</P>
</TD><TD valign=top width=250.8><P style="margin:0pt; padding-left:11.1pt; text-indent:-11.1pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Chairman of the Board</P>
</TD><TD valign=top width=161.2><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">October 20, 2005</P>
</TD></TR>
<TR><TD valign=top width=219.2>&nbsp;</TD><TD valign=top width=250.8>&nbsp;</TD><TD valign=top width=161.2>&nbsp;</TD></TR>
<TR><TD valign=top width=219.2><P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><U>/s/ Patrick M. Flynn</U></P>
<U><P style="margin:0pt; text-indent:144pt; font-family:Times New Roman; font-size:11pt"><BR></U></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Patrick M. Flynn</P>
</TD><TD valign=top width=250.8><P style="margin:0pt; padding-left:11.1pt; text-indent:-11.1pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Chief Executive Officer, President, and Director (Principal Executive Officer)</P>
</TD><TD valign=top width=161.2><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">October 20, 2005</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR>
<BR></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<P style="page-break-before:always; margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=219.2>&nbsp;</TD><TD valign=top width=250.8>&nbsp;</TD><TD valign=top width=161.2>&nbsp;</TD></TR>
<TR><TD valign=top width=219.2><P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><U>/s/ Eldon D. Dietterick</U></P>
<U><P style="margin:0pt; text-indent:144pt; font-family:Times New Roman; font-size:11pt"><BR></U></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Eldon D. Dietterick</P>
</TD><TD valign=top width=250.8><P style="margin:0pt; padding-left:11.1pt; text-indent:-11.1pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Executive Vice President and Treasurer (Principal Financial and Accounting Officer)</P>
</TD><TD valign=top width=161.2><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">October 20, 2005</P>
</TD></TR>
<TR><TD valign=top width=219.2>&nbsp;</TD><TD valign=top width=250.8>&nbsp;</TD><TD valign=top width=161.2>&nbsp;</TD></TR>
<TR><TD valign=top width=219.2><P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><U>/s/ Milton Cooper</U></P>
<U><P style="margin:0pt; text-indent:144pt; font-family:Times New Roman; font-size:11pt"><BR></U></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Milton Cooper</P>
</TD><TD valign=top width=250.8><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Director</P>
</TD><TD valign=top width=161.2><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">October 20, 2005</P>
</TD></TR>
<TR><TD valign=top width=219.2>&nbsp;</TD><TD valign=top width=250.8>&nbsp;</TD><TD valign=top width=161.2>&nbsp;</TD></TR>
<TR><TD valign=top width=219.2><P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><U>/s/ Wolfgang Traber</U></P>
<U><P style="margin:0pt; text-indent:144pt; font-family:Times New Roman; font-size:11pt"><BR></U></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Wolfgang Traber</P>
</TD><TD valign=top width=250.8><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Director</P>
</TD><TD valign=top width=161.2><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">October 20, 2005</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR>
<BR></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<P style="page-break-before:always; margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>BLUE RIDGE REAL ESTATE COMPANY</B></P>
<P style="margin-top:0pt; margin-bottom:11pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>BIG BOULDER CORPORATION</B></P>
<P style="margin-top:0pt; margin-bottom:22pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>INDEX TO EXHIBITS</B></P>
<P style="margin-top:0pt; margin-bottom:11pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">The following is the Index to Exhibits filed as part of this Registration Statement on Form S-8. &nbsp;Where so indicated by footnote, Exhibits that were previously filed are incorporated herein by reference. &nbsp;&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B><U>Exhibit</U></B></P>
<P style="margin-top:0pt; margin-bottom:11pt; text-indent:90pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B><U>Description</U></B></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:90pt; text-indent:-54pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">4.1</P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:90pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Form of Stock Option Agreement, dated February 1, 2005. (Filed March 28, 2005 as Exhibit 10.26 to Amendment No. 1 to the Registrant&#146;s Registration Statement on Form S-1 (File No. 333-121855) and incorporated herein by reference).</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:90pt; text-indent:-54pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">4.2</P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:90pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Schedule of Optionees and Material Terms of Stock Options (Filed March 28, 2005 as Exhibit 10.27 to Amendment No. 1 to the Registrant&#146;s Registration Statement on Form S-1 (File No. 333-121855) and incorporated herein by reference).</P>
<A NAME="mlbopinion"></A><P style="margin-top:0pt; margin-bottom:-13pt; padding-left:90pt; text-indent:-54pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><A HREF="mlb51opinion.htm"><FONT COLOR=#0000FF><U>5.1</U></FONT></A></P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:90pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Opinion of Morgan, Lewis &amp; Bockius LLP.</P>
<A NAME="auditoropinion"></A><P style="margin-top:0pt; margin-bottom:-13pt; padding-left:90pt; text-indent:-54pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><A HREF="auditorconsent.htm"><FONT COLOR=#0000FF><U>23.1</U></FONT></A></P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:90pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Independent Auditors&#146; Consent.</P>
<A NAME="mlbconsent"></A><P style="margin-top:0pt; margin-bottom:-13pt; padding-left:90pt; text-indent:-54pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><A HREF="mlb51opinion.htm"><FONT COLOR=#0000FF><U>23.2</U></FONT></A></P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:90pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Consent of Morgan, Lewis &amp; Bockius LLP (included in Exhibit 5.1).</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:90pt; text-indent:-54pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><A HREF="#poa"><FONT COLOR=#0000FF><U>24</U></FONT></A></P>
<P style="margin-top:0pt; margin-bottom:11pt; padding-left:90pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Power of Attorney (included as part of the signature page).</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=center><BR>
<BR></P>
</BODY>
</HTML>
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{"company-data": {"conformed-name": "BLUE RIDGE REAL ESTATE CO", "cik": "0000012779", "assigned-sic": "7990", "irs-number": "240854342", "state-of-incorporation": "PA", "fiscal-year-end": "1031"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-129231", "film-number": "051154579"}, "business-address": {"street1": "PO BOX 707", "city": "BLAKESLEE", "state": "PA", "zip": "18610", "phone": "7174438433"}, "mail-address": {"street1": "PO BOX 707", "city": "BLAKESLEE", "state": "PA", "zip": "18610"}}
S-8 1 ds8
As filed with the Securities and Exchange Commission on October 25, 2005.
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
________________
FORM S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
________________
BLUE RIDGE REAL ESTATE COMPANY
BIG BOULDER CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Pennsylvania
(State or Other Jurisdiction of
Incorporation or Organization)
24-0854342 (Blue Ridge)
24-0822326 (Big Boulder)
(IRS Employer
Identification No.)
________________
P. O. Box 707
Blakeslee, Pennsylvania  18610-0707
(570) 443-8433
(Address, including zip code, of Principal Executive Offices)
________________
BLUE RIDGE REAL ESTATE COMPANY
BIG BOULDER CORPORATION
STOCK OPTION AGREEMENTS
(Full Title of the Plan)
________________
Patrick M. Flynn
President and Chief Executive Officer
P. O. Box 707
Blakeslee, Pennsylvania  18610-0707
(570) 443-8433
(Name, Address and Telephone Number,
Including Area Code, of Agent for Service)
________________
Copy to:
Joanne R. Soslow, Esq.
Morgan, Lewis & Bockius LLP
1701 Market Street
Philadelphia, PA 19103
(215) 963-5000
________________
CALCULATION OF REGISTRATION FEE
Title of securities
to be
registered
Number of`
shares to be
registered (1)
Proposed maximum
offering price
per share (2)
Proposed maximum
aggregate
offering price
Amount of
registration fee (3)
Stock Option Agreement with Patrick M. Flynn dated February 1, 2005
Common Stock, without par value (4)
15,000
$34.00
$510,000
$60.03
Stock Option Agreement with Eldon D. Dietterick, dated February 1, 2005
Common Stock, without par value (4)
12,000
$34.00
$408,000
$48.03
Stock Option Agreement with Richard T. Frey, dated February 1, 2005
Common Stock, without par value (4)
9,000
$34.00
$306,000
$36.02
Stock Option Agreement with Mark Daubert, dated February 1, 2005
Common Stock, without par value (4)
6,000
$34.00
$204,000
$24.02
Stock Option Agreement with Carl V. Kerstetter, dated February 1, 2005
Common Stock, without par value (4)
3,000
$34.00
$102,000
$12.01
Stock Option Agreement with Cynthia A. Barron, dated February 1, 2005
Common Stock, without par value (4)
6,000
$34.00
$204,000
$24.02
Stock Option Agreement with Christine A. Liebold, dated February 1, 2005
Common Stock, without par value (4)
1,000
$34.00
$34,000
$4.02
Total:
52,000
$1,768,000
$208.15
(1)
This Registration Statement covers shares of Common Stock of Blue Ridge Real Estate Company/Big Boulder Corporation that may become issuable under the Stock Option Agreements identified above.  This Registration Statement also relates to an indeterminate number of shares of Common Stock that may be issued by reason of any stock split, stock dividend, recapitalization or any other similar transaction in accordance with Rule 416.
(2)
Such shares are issuable upon exercise of outstanding options with fixed exercise prices.  Pursuant to Rule 457(h), the aggregate offering price and the fee have been computed upon the basis of the price at which the options may be exercised.
(3)
Calculated pursuant to Section 6(b) as follows: proposed maximum aggregate offering price multiplied by $.0001177.
(4)
Under a Security Combination Agreement between Blue Ridge Real Estate Company ("Blue Ridge") and Big Boulder Corporation ("Big Boulder") (collectively, the "Registrant") and under the bylaws of Blue Ridge and Big Boulder, shares of Blue Ridge and Big Boulder are combined in unit certificates, each certificate representing the same number of shares of each of Blue Ridge and Big Boulder.  Shares of each corporation may be transferred only together with an equal number of shares in the other corporation.  For this reason, a combined Blue Ridge/Big Boulder Form S-8 is being filed.  Except as otherwise indicated, all information applies to both corporations.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents containing the information specified in this Part I of Form S-8 will be sent or given to participants as specified by Rule 428(b)(1) promulgated under the Securities Act of 1933, as amended, or the Securities Act.  Such documents need not be filed with the Securities and Exchange Commission, or the Commission, either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 promulgated under the Securities Act.  These documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II of this Form S-8, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item
3.
Incorporation of Documents by Reference.
The following documents filed by Blue Ridge Real Estate Company/Big Boulder Corporation, or the Registrant, with the Commission are incorporated by reference into this Registration Statement:
(1)
The Registrant's Annual Report on Form 10-K for the fiscal year ended October 31, 2004.
(2)
The Registrant's Quarterly Reports on Form 10-Q for the quarterly periods ended January 31, 2005, April 30, 2005 and July 31, 2005.
(3)
The Registrant's Current Reports on Form 8-K filed with the Commission on February 24, 2005, April 15, 2005 and August 10, 2005.
(4)
The description of the Registrant's shares of Common Stock, without par value, contained in the Registrant's Form 10 filed with the Commission on September 28, 1967, to register such securities under the Securities Exchange Act of 1934, as amended, or the Exchange Act, including any amendments or reports filed for the purpose of updating such description.
All reports and other documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment that indicates that all securities offered have been sold or that deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference to this Registration Statement and to be a part hereof from the date of the filing of such reports and documents.  Unless expressly incorporated into this Registration Statement, a report furnished but not filed on Form 8-K shall not be incorporated by reference into this Registration Statement.
Any statement contained herein or in a document all or a portion of which is incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document that also is or is deemed to be incorporated by reference herein modifies or supersedes such statement.  Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 4.
Description of Securities.
Not Applicable.
Item 5.
Interests of Named Experts and Counsel.
Not Applicable.
Item 6.
Indemnification of Directors and Officers.
Section 1741 of the Pennsylvania Business Corporation Law, or the PBCL, empowers a corporation to indemnify any officer or director acting in his or her capacity as a representative of the corporation who was or is a party or is threatened to be made a party to any action or proceeding against expenses, judgments, penalties, fines and amounts paid in settlement in connection with such action or proceeding whether the action was instituted by a third party or arose by or in the right of the corporation. The PBCL limits the ability of a corporation to indemnify its officers and directors for conduct constituting willful misconduct or recklessness, or acts in violation of criminal statute.
The Registrant's articles of incorporation provide that its directors and officers shall not be personally liable for monetary damages (including, without limitations, any judgment, amount paid in settlement, penalty, punitive damages or expense of any nature (including, without limitations, attorneys' fees and disbursement)) for any action taken, or any failure to take any action, unless the director has breached or failed to perform the duties of his office under the Registrant's articles, bylaws or applicable provisions of law and the breach or failure to perform constitutes self-dealing, willful misconduct or recklessness. Further, the articles provide that indemnification shall not apply to the responsibility or liability of a director or officer pursuant to any criminal statute or for the payment of taxes.
The Registrant's bylaws provide for the indemnification of any director or officer made part of any action, suit or proceeding against the reasonable expenses, including attorneys' gees, actually and necessarily incurred by him in connection with the defense of such action, suit or proceed, or in connection with any appeal therein, except in relation to matters as to which it shall be adjudged in such action, suit or proceeding that such director or officer is liable for negligence or misconduct in the performance of his duties. In the case of a criminal action, suit or proceeding, a conviction or judgment (whether based on a plea of guilty or nolo contendere or its equivalent, or after trial) shall not be deemed an adjudication that such officer, director or employee is liable for negligence or misconduct in the performance of his duties if such officer, director or employee was acting in good faith in what he considered to be the Registrant's best interests and with no reasonable cause to believe that the action was illegal. Further, the bylaws provide that the board of directors may authorize the Registrant to purchase and maintain directors' and officers' liability insurance, insuring against any liability asserted against him and incurred by him in his capacity or arising out of his status as a director and/or officer to the extent authorized by law.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling the Registrant pursuant to the foregoing provisions, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.
Item 7.
Exemption from Registration Claimed.
Not Applicable.
Item 8.
Exhibits.
The following is a list of Exhibits filed as part of this Registration Statement on Form S-8.  Where so indicated by footnote, Exhibits that were previously filed are incorporated herein by reference.
Exhibit
Description
4.1
Form of Stock Option Agreement, dated February 1, 2005. (Filed March 28, 2005 as Exhibit 10.26 to Amendment No. 1 to the Registrant's Registration Statement on Form S-1 (File No. 333-121855) and incorporated herein by reference).
4.2
Schedule of Optionees and Material Terms of Stock Options (Filed March 28, 2005 as Exhibit 10.27 to Amendment No. 1 to the Registrant's Registration Statement on Form S-1 (File No. 333-121855) and incorporated herein by reference).
5.1
Opinion of Morgan, Lewis & Bockius LLP.
23.1
Independent Auditors' Consent.
23.2
Consent of Morgan, Lewis & Bockius LLP (included in Exhibit 5.1).
24
Power of Attorney (included as part of the signature page).
Item 9.
Undertakings.
(a)
The undersigned Registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(i)
to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii)
to reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement; and
(iii)
to include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;
provided
,
however
, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.
(2)
That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial
bona fide
offering thereof.
(3)
To remove from registration by means of a post-effective amendment any of the securities being registered that remain unsold at the termination of the offering.
(b)
The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(c)
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Blakeslee, Commonwealth of Pennsylvania, on October 20, 2005.
BLUE RIDGE REAL ESTATE COMPANY
BIG BOULDER CORPORATION
By:
/s/ Patrick M. Flynn
Patrick M. Flynn
Chief Executive Officer and
President
By:
/s/ Eldon D. Dietterick
Eldon D. Dietterick
Executive Vice President and
Treasurer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Eldon D. Dietterick and Christine A. Liebold, his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his substitutes or substitute, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ Michael J. Flynn
Michael J. Flynn
Chairman of the Board
October 20, 2005
/s/ Patrick M. Flynn
Patrick M. Flynn
Chief Executive Officer, President, and Director (Principal Executive Officer)
October 20, 2005
/s/ Eldon D. Dietterick
Eldon D. Dietterick
Executive Vice President and Treasurer (Principal Financial and Accounting Officer)
October 20, 2005
/s/ Milton Cooper
Milton Cooper
Director
October 20, 2005
/s/ Wolfgang Traber
Wolfgang Traber
Director
October 20, 2005
BLUE RIDGE REAL ESTATE COMPANY
BIG BOULDER CORPORATION
INDEX TO EXHIBITS
The following is the Index to Exhibits filed as part of this Registration Statement on Form S-8.  Where so indicated by footnote, Exhibits that were previously filed are incorporated herein by reference.
Exhibit
Description
4.1
Form of Stock Option Agreement, dated February 1, 2005. (Filed March 28, 2005 as Exhibit 10.26 to Amendment No. 1 to the Registrant's Registration Statement on Form S-1 (File No. 333-121855) and incorporated herein by reference).
4.2
Schedule of Optionees and Material Terms of Stock Options (Filed March 28, 2005 as Exhibit 10.27 to Amendment No. 1 to the Registrant's Registration Statement on Form S-1 (File No. 333-121855) and incorporated herein by reference).
5.1
Opinion of Morgan, Lewis & Bockius LLP.
23.1
Independent Auditors' Consent.
23.2
Consent of Morgan, Lewis & Bockius LLP (included in Exhibit 5.1).
24
Power of Attorney (included as part of the signature page).