UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(CHECK ONE): / /Form 10-K / /Form 20-F / /Form
11-K /X/Form 10-Q / /Form N-SAR
For Period Ended: March 31, 1999
PART I - REGISTRANT INFORMATION
Falcon Building Products, Inc.
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Full Name of Registrant
233 South Wacker Drive, Suite 3500
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Address of Principal Executive Office (Street and Number)
Chicago, Illinois 60606
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City, State and Zip Code
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without
unreasonable effort or expense and the registrant seeks
relief pursuant to Rule 12b-25(b), the following should be
completed. (Check box if appropriate.)
(a) The reasons described in reasonable detail in Part
III of this form could not be eliminated without
unreasonable effort or expense;
/X/ (b) The subject annual report, semi-annual
report, transition report on Form 10-K, Form 20-F,
11-K or Form N-SAR, or portion thereof, will be
filed on or before the fifteenth calendar day
following the prescribed due date; of the subject
quarterly report of transition report on Form 10-
Q, or portion thereof will be filed on or before
the fifth calendar day following the prescribed
due date; and
(c) The accountant's statement or other exhibit required by
Rule 12b-25(c) has been attached if applicable.
PART III - NARRATIVE
The Company is awaiting additional information in order
to refine estimates in valuing certain recorded liabilities.
This information could indicate a need to adjust the
recorded amount of this liability downward or modify current
disclosures as to possible favorable adjustments to the
liability in the future. The extension will allow for the
receipt of the necessary information to determine the
appropriate accounting and disclosures in the Company's
first quarter report.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in
regard to this notification
Sam A. Cottone 312-575-1440
____________________________________________________________
(Name) (Telephone Number)
(2) Have all other periodic reports required under Section
13 or 15(d) of the Securities Exchange Act of 1934 or
Section 30 of the Investment Company Act of 1940 during the
preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed?
If answer is no, identify report(s).
/X/ Yes / / No
(3) Is it anticipated that any significant change in
results of operations from the corresponding period for the
last fiscal year will be reflected by the earnings
statements to be included in the subject report or portion
thereof? / / Yes /X/ No
FALCON BUILDING PRODUCTS, INC.
_____________________________________________
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by
the undersigned hereunto duly authorized.
Date May 18, 1999 By /s/ Sam A. Cottone
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