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): September 30, 1998
THE PANDA PROJECT, INC.
(Exact name of registrant as specified in its charter)
FLORIDA 0-24030 65-0323354
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
901 Yamato Road
Boca Raton, Florida 33431
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (561) 994-2300
________________________
(Former name or former address, if changed since last report)
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Item 5. Other Events
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Effective September 30, 1998, Kevin J. Calhoun has resigned as
Chief Financial Officer of The Panda Project, Inc. (the "Company").
Melissa Crane has been appointed to serve as Acting Chief Financial
Officer of the Company. The Company has also retained the accounting
and consulting firm of Schmidt, Raines, Trieste, Dickenson, & Adams,
P.L. to assist in financial reporting, monitoring and cost control
needs, regulatory compliance, accounting and administrative support
and recruitment of a permanent chief financial officer.
PricewaterhouseCoopers LLP will continue to serve as the Company's
independent auditors.
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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.
THE PANDA PROJECT, INC.
By: /S/ MELISSA CRANE
Melissa Crane
Acting Chief Financial Officer
Dated: October 7, 1998
