CRESCENT OPERATING INC
10-Q/A, 1999-08-30
REAL ESTATE INVESTMENT TRUSTS
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<PAGE>   1

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 10-Q/A


[X]      QUARTERLY Report Pursuant To Section 13 Or 15(d) Of The Securities
         Exchange Act Of 1934

         For the quarterly period ended June 30, 1999

                                       OR

[ ]      Transition Report Pursuant To Section 13 Or 15(d) Of The Securities
         EXCHANGE ACT OF 1934


                         Commission file number 0-22725


                            CRESCENT OPERATING, INC.
          ------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


                  Delaware                            75-2701931
                  --------                            ----------
       (State or other jurisdiction of     (I.R.S. Employer Identification No.)
       incorporation or organization)

       306 West 7th Street, Suite 1000
              Fort Worth, Texas                           76102
       -------------------------------                    -----
  (Address of principal executive offices)              (Zip Code)

        Registrant's telephone number, including area code (817) 339-2200


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                                 YES [X] NO [ ]


The Company hereby amends its Form 10-Q for the quarter ended June 30, 1999, by
substituting the following phrase for the final phrase on the facing page of
such previously filed Form 10-Q:

Number of shares of Common Stock, $.01 par value, outstanding as of August 16,
1999: 11,413,263
<PAGE>   2
                                   SIGNATURES

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 thereunto duly authorized, on the 30th day of August, 1999.

                                  CRESCENT OPERATING, INC.
                                  (Registrant)


                                  By   /s/ JOHN C. GOFF
                                    --------------------------------------------
                                    John C. Goff, President and Chief
                                    Executive Officer and Vice-Chairman
                                    (Principal Executive Officer)


                                  By   /s/ RICHARD P. KNIGHT
                                    --------------------------------------------
                                    Richard P. Knight, Chief Financial Officer
                                    (Principal Financial and Accounting Officer)





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