UNITED TEXTILES & TOYS INC
8-K, 1998-03-31
HOBBY, TOY & GAME SHOPS
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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):
                                 March 16, 1998


                          UNITED TEXTILES & TOYS CORP.
             (Exact Name of Registrant as Specified in its Charter)



Delaware                 0-21178 
State of                 Commission File               IRS Employer
Incorporation            Number                        Identification No.



                 448 West 16th Street, New York, New York 10011
                    (Address of Principal Executive Offices)

                                 (212) 675-6666
               Registrant's Telephone Number, Including Area Code


                                       N/A
          (Former Name or Former Address, if Changed Since Last Report)


<PAGE>
Item 6. Resignation of Registrant's Director

     As of March 16,  1998,  Sheikhar  Boodram  resigned  as a  Director  of the
Registrant.  The resignation was not due to any disagreement with the Registrant
on any matter relating to the Registrant's operation, policies, or practices.




<PAGE>
                                   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 hereunto duly authorized on the 23rd day of March 1998.



                                                    UNITED TEXTILES & TOYS CORP.



                                                         By:      /s/ Ilan Arbel
                                                           Ilan Arbel, President




                                  Exhibit 17.01

                          United Textiles & Toys Corp.




March 16, 1998



         Re:      To the Board of Directors



Dear Sirs:

     As of today March 16, 1998, I hereby tender my  resignation  from the Board
of  Directors  of  the  above  corporation,  such  resignation  to be  effective
immediately.  My resignation is not caused by any conflict or disagreement  with
the above corporation with respect to the corporation's operations, policies, or
practices.



Sincerely,
/s/ Sheikhar Boodram




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