GATEWAY DATA SCIENCES CORP
8-K, 1998-08-24
PREPACKAGED SOFTWARE
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                       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): July 30, 1998



                        GATEWAY DATA SCIENCES CORPORATION
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)




         ARIZONA                         0-27776                 86-0527788
- ------------------------------    ---------------------    ---------------------
     (State or other              (Commission File No.)    (IRS Employer ID No.)
jurisdiction of incorporation)



             4802 E. Ray Road, Suite 23-286, Phoenix, Arizona 85044
             ------------------------------------------------------
               (Address of principal executive office) (Zip Code)

       Registrant's telephone number, including area code: (602) 968-7000
<PAGE>

                        GATEWAY DATA SCIENCES CORPORATION

                                    FORM 8-K

                                 CURRENT REPORT


ITEM 2.  BANKRUPTCY OR RECEIVERSHIP.

         On February 23, 1998, Gateway Data Sciences Corporation (the "Company")
filed a petition for  protection  from  creditors  under  Chapter 11 of the U.S.
Bankruptcy  Code.  The  filing  was  made in the  U.S.  Bankruptcy  Court in the
District of Arizona in Phoenix, Arizona (Case No. B-98-02021-PHX-RGM).

         On June 19, 1998, the court  appointed  Eileen W.  Hollowell,  Esq., as
trustee ("Trustee"). The Company filed an appeal with respect to the appointment
of the Trustee on June 22, 1998. On July 21, 1998,  the United  States  District
Court for the District of Arizona  stayed the order  appointing  the Trustee and
remanded the matter back to the U.S.  Bankruptcy  Court.  On July 29, 1998,  the
Company filed a consent to the appointment of the Trustee.  The U.S.  Bankruptcy
Court confirmed the appointment of the Trustee on July 30, 1998.
<PAGE>

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


August 21, 1998                           GATEWAY DATA SCIENCES CORPORATION



                                          By:/s/ Eileen W. Hollowell
                                             --------------------------------
                                                 Eileen W. Hollowell, Esq.
                                                 Trustee


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