RESERVE PETROLEUM CO
8-K, 2000-12-18
OIL ROYALTY TRADERS
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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) November 14, 2000.


                          THE RESERVE PETROLEUM COMPANY
             (Exact name of registrant as specified in its charter)


                                    Delaware
                 (State or other jurisdiction of incorporation)


        0-8157                                             73-0238060
(Commission File Number)                       (IRS Employer Identification No.)


       6801 North Broadway, Suite 300, Oklahoma City, Oklahoma 73116-9092
              (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code (405) 848-7551



<PAGE>


Item 5.  Other Events.
         ------------

 On  November  14,  2000,  a regular  meeting of the board of  directors  of The
Reserve  Petroleum  Company  was  held.  At  that  meeting,   a  resolution  was
unanimously  approved  which changed the annual  stockholders'  meeting from the
first  Tuesday  of  May  to  the  fourth  Tuesday  of  May.  As a  result,  only
stockholders  of record  at the close of  business  on April 22,  2001,  will be
entitled  to receive  notice of and to vote at the  stockholders'  meeting to be
held on May 22, 2001.

On December 6, 2000, a sale of 160 acres of rural real estate  (surface only) in
Canadian County,  Oklahoma, owned by The Reserve Petroleum Company was closed at
a sale price which totaled $192,000.  As a result,  the Company's net income for
the year ending December 31, 2000, will increase approximately $115,000, or $.69
per share, both basic and diluted.




                                   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.


                                      THE RESERVE PETROLEUM COMPANY






Date:  December 7, 2000               /s/Jerry L. Crow
                                      ------------------------------------------
                                      JERRY L. CROW
                                      Principal Financial and Accounting Officer


<PAGE>



SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.



Dear Sir:

Forwarded herewith is Form 8-K dated,  November 14, 2000. Item 5., other events,
is the only caption reported.


                                            Very truly yours,


Date:  December 18, 2000                    /s/Jerry L. Crow
                                            ------------------------------------
                                            JERRY L. CROW
                                            Vice President





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