SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): April 1, 1997
TOUCHSTONE APPLIED SCIENCE ASSOCIATES, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-20303 13-2846796
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
P.O. Box 382, Fields Lane, Brewster, New York 10509
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(Address of Principal Executive Offices) Zip Code
Registrant's telephone number, including area code: (914) 277-8100
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Former name or former address, if changed since last report
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Item 5. Other Events.
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Pending Acquisition of Programs for Education, Inc.
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On April 1, 1997, Touchstone Applied Science Associates, Inc. (the
"Company") entered into a letter of intent to purchase all of the
assets of Programs for Education, Inc. for a purchase price equal to
approximately $3,200,000. The assets of Programs for Education, Inc.
include trademarks, tradenames, manuscripts, contracts and contract
rights with respect to educational publications. The acquisition is
currently scheduled for closing in May 1997 and is subject to the
execution of definitive documentation and the satisfaction of
conditions precedent.
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SIGNATURE
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.
TOUCHSTONE APPLIED SCIENCE ASSOCIATES, INC.
By: /s/ ANDREW L. SIMON
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Andrew L. Simon
President
Date: April 15, 1997
