PLAY BY PLAY TOYS & NOVELTIES INC
8-K, 1999-08-30
DOLLS & STUFFED TOYS
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                                  UNITED STATES
                       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 the earliest event reported)
                                 August 26, 1999


                       PLAY BY PLAY TOYS & NOVELTIES, INC.

               (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

               Texas                     0-26374                74-2623760
 (State or other jurisdiction of       (Commission           (I.R.S. Employer
  incorporation or organization)       File Number)         Identification No.)


                                  4400 Tejasco
                            San Antonio, Texas 78218
              (Address of principal executive offices and zip code)


                                 (210) 829-4666
              (Registrant's telephone number, including area code)

<PAGE>
ITEM 5.  OTHER EVENTS

      On August 25, 1999, Play By Play Toys & Novelties, Inc. (the "Company")
received the resignation of Francisco Saez Moya from his position as President
of Play By Play Toys & Novelties Europa, S.A. and Vice Chairman of the Board of
Directors of the Company.


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<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, thereunto duly authorized, this 26th day of August 1999.



                                         PLAY BY PLAY TOYS & NOVELTIES, INC.


                                         By:
                                             Joe M. Guerra
                                             CHIEF FINANCIAL OFFICER



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