GRANITE DEVELOPMENT PARTNERS LP
8-K, 1998-12-23
LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES)
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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)     December 16, 1998
                                                -----------------------------


                       Granite Development Partners, L.P.
- -----------------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)


            Ohio                    033-80104               34-1754061
- ----------------------------   -----------------------   --------------------
(State of other jurisdiction   (Commission File Number)  (IRS Employer ID No.)
  or incorporation)        




1250 Terminal Tower      50 Public Square      Cleveland, Ohio  44443-2203
- ---------------------------------------------------------------------------
                   (Address of principal executive offices)


Registrant's telephone number, including area code    (216)621-6060
                                                  ---------------------



- ----------------------------------------------------------------------------
        (Former name or former address, if changed since last report)





<PAGE>

Item 8.  Change in Fiscal Year


This form 8-K is being filed to announce a change in the fiscal year for Granite
Development  Partners,  L.P.  from January 31 to December 31 and a change in the
fiscal year for Silver Canyon Partnership,  a major subsidiary,  from January 31
to December 31.

The change will be reflected  beginning  with the Form 10-K for the eleven month
period  ending  December  31,  1998.  The point of decision  for this change was
December 16, 1998.





                                   SIGNATURES

Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                         Granite Development Partners, L.P.
                                         ----------------------------------
                                                     (Registrant)


DATE:             12/23/98               /s/ Robert F. Monchein
                                         ----------------------------------
                                         Robert F. Monchein
                                         President
                                         FC-Granite, Inc. the general partner of
                                         Granite Development Partners, L.P.


DATE:             12/23/98               /s/ Mark A. Ternes
                                         ----------------------------------
                                         Mark A. Ternes
                                         Controller
                                         FC-Granite, Inc. the general partner of
                                         Granite Development Partners, L.P.




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