AMERICAN SKIING CO
NT 10-K, 1998-10-26
AMUSEMENT & RECREATION SERVICES
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                                  United States
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING
                        -----------------------------

                         Commission File Number 333-9763
                        -----------------------------

                                 ASC East, Inc.
             (Exact name of registrant as specified in its charter)

Maine                                                      01-0503382
(State or other jurisdiction               (I.R.S. Employer Identification No.)
of incorporation organization)

P.O. Box 450                                                   04217
Bethel, Maine
(Address of principal executive office)                     (Zip Code)

(Check One):
                   [X] Form 10-K [ ] Form 20-F [ ] Form 11-K
                  [ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR

                  For Period Ended:         July 26, 1998

[ ]  Transition  Report  on Form  10-K [ ]  Transition  Report  on Form 20-F [ ]
Transition Report on Form 11-K [ ] Transition Report on Form 10-Q [ ] Transition
Report on Form N-SAR For the transition period ended:



         Read instruction (on back page) before preparing form.  Please print or
type.  NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE  COMMISSION HAS
VERIFIED ANY INFORMATION CONTAINED HEREIN.


If the notification relates to a portion of the filing check above, identify the
Item(s) to which the notification relates:



<PAGE>


PART I - REGISTRANT INFORMATION

ASC East, Inc.
- --------------------------------------------------------------------------------
Full Name of Registrant

American Skiing Company
- --------------------------------------------------------------------------------
Former Name if Applicable

Sunday River Access Road
- --------------------------------------------------------------------------------

Bethel, Maine 04217
- --------------------------------------------------------------------------------
City, State and Zip Code

PART II - RULES 12b-25(b) and (c)

If the subject report could not be filed without  unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

a         The reasons  described in  reasonable  detail in Part III of this form
[X]       could not be eliminated without unreasonable effort or expense;

b         The subject annual report,  semi-annual  report,  transition report on
[X]       Form 10-K, Form 20- F, 11-K or Form N-SAR, or portion thereof, will be
          filed on or before the fifteenth calendar day following the prescribed
          due date; or the subject quarterly report or transition report on Form
          10-Q, or portion thereof will be filed on or before the fifth calendar
          day following the prescribed due date; and

c         The accountant's statement or other exhibit required by Rule 12b-25(c)
          has been attached if applicable.

PART III - NARRATIVE

State below in reasonable  detail the reasons why Forms 10-K,  20-F, 11-K, 10-Q,
N-SAR, or the transition  report or portion  thereof,  could not be filed within
the prescribed time period.

                           SEE ATTACHMENT A

                                 (Attach Extra Sheets if Needed) SEC 1344 (6/94)



<PAGE>


PART IV - OTHER INFORMATION

(1)  Name  and  telephone  number  of  person  to  contact  in  regard  to  this
notification

Christopher E. Howard                    (207)                     824-5196
- ---------------------------              -----                     ---------
(Name)                                (Area Code)             (Telephone number)

(2)      Have all other periodic  reports  required under Section 13 or 15(d) of
         the  Securities  Exchange  Act of 1934 or Section 30 of the  Investment
         Company Act of 1940 during the  preceding 12 months or for such shorter
         period that the  registrant  was required to file such  report(s)  been
         filed? If answer is no, identify report(s).

                                                              [X] Yes [ ] No

(3)      Is it anticipated that any significant  change in results of operations
         from  the  corresponding  period  for  the  last  fiscal  year  will be
         reflected  by the  earnings  statement  to be  included  in the subject
         report or portion thereof?

                                                              [ ] Yes  [X] No

         If  so,  attach  an  explanation  of  the  anticipated   change,   both
         narratively and quantitatively,  and, if appropriate, state the reasons
         why are reasonable estimate of results cannot be made.


                                 ASC East, Inc.
                  (Name of Registrant as Specified in Charter)
   has caused this notification to be signed on its behalf by the undersigned
                           hereunto duly authorized.

Date:  October 26, 1998      By:  /s/ Christopher E . Howard
                                --------------------------------
                                Christopher E. Howard
                                Chief Financial Officer



<PAGE>


                                  ATTACHMENT A

                              PART III - NARRATIVE

          Form 10K for ASC East,  Inc.  for the fiscal  year ended July 26, 1998
was not filed by October 26, 1998  because an error was  discovered  late in the
review process. This report will be filed on or before November 10, 1998.



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