LEUCADIA NATIONAL CORP
8-K, 1999-03-02
FIRE, MARINE & CASUALTY INSURANCE
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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 1, 1999



                          LEUCADIA NATIONAL CORPORATION
- --------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)


                                    NEW YORK
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                 (State or Other Jurisdiction of Incorporation)


         1-5721                                          13-2615557
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(Commission File Number)                    (I.R.S. Employer Identification No.)


   315 PARK AVENUE SOUTH, NEW YORK, N.Y.                              10010
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  (Address of Principal Executive Offices)                          (Zip Code)


                                 (212) 460-1900
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              (Registrant's Telephone Number, Including Area Code)



- --------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)


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<PAGE>
Item 5.     Other Events
            ------------

            The information set forth in the press release issued by Leucadia

National Corporation, attached hereto as Exhibit 99.1, is incorporated herein by

reference.


Item 7.     Financial Statements, Pro Forma Financial Statements and Exhibits
            -----------------------------------------------------------------

            (c)   Exhibits

            99.1 Press release of Leucadia National Corporation dated March 1,

1999.



<PAGE>
                                    SIGNATURE

      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.



                                    LEUCADIA NATIONAL CORPORATION

                                    By: /s/ Barbara L. Lowenthal  
                                        --------------------------------------
                                        Barbara L. Lowenthal
                                        Vice President and Comptroller

Date: March 1, 1999










                                        2
<PAGE>
                                  EXHIBIT INDEX


Item No.
- --------

 99.1       Press release of Leucadia National Corporation dated March 1, 1999.












                                        3



                                                                  Exhibit 99.1

                         LEUCADIA NATIONAL CORPORATION
                              315 PARK AVENUE SOUTH
                            NEW YORK, NEW YORK 10010
                                  212-460-1900


PRESS RELEASE



March 1, 1999

FOR IMMEDIATE RELEASE
- ---------------------

Contact:  L. Ulbrandt  (212) 460-1900



                          LEUCADIA NATIONAL CORPORATION
          ANNOUNCES THE SALE OF THE SPERRY AND HUTCHINSON COMPANY, INC.


New York, New York -- Leucadia National Corporation (NYSE and PCX: "LUK") today
announced the sale of The Sperry and Hutchinson Company, Inc. The transaction
will result in a pre-tax gain of approximately $19,000,000, which will be
reflected in Leucadia's first quarter 1999 results of operations.

Leucadia National Corporation is a holding company for its consolidated
subsidiaries engaged in life insurance (through Charter National Life Insurance
Company and Intramerica Life Insurance Company), property and casualty insurance
(through Empire Insurance Company and Allcity Insurance Company), manufacturing
(principally through its Plastics Division) and banking and lending (principally
thorough American Investment Bank, N.A.). The Company also currently has equity
interests of more than 5% in the following domestic public companies: Carmike
Cinemas, Inc. (6% of Class A Shares), Jordan Industries, Inc. (10%), Jordan
Telecommunications Products, Inc. (10%) and MK Gold Company (46%).




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