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:    January 24, 1996

                   Date of Earliest Event Reported:   January 23, 1996
                                        
                                        
                                        
                                TANDYCRAFTS, INC.
                                        
                             A DELAWARE CORPORATION


            1-7258                                        75-1475224
            ------                                        ----------
   (Commission File Number)                   (IRS Employer Identification No.)
                                        
                                        
                                        
                              1400 Everman Parkway
                            Fort Worth, Texas  76140
                                 (817) 551-9600


ITEM 5.   OTHER EVENTS
          ------------

          (a)  On January 23, 1996, Registrant issued a press release announcing
               the unaudited results of operations for the three- and six-month
               periods ended December 31, 1995.
          
ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS
          ---------------------------------
     
          (c)  Exhibits.
               --------
     
               Exhibit
               Number               Description
               -------   -----------------------------------
          
                 99      Copy of press release announcing the
                         unaudited results of operations for the
                         three- and six-month periods ended
                         December 31, 1995.
                                        
                                        
                                   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 of the
undersigned thereunto duly authorized.


                                   TANDYCRAFTS, INC.


Date:  January 23, 1996            By:/s/ Jerry L. Roy
                                     ----------------------
                                     Jerry L. Roy,
                                     President



Date:  January 23, 1996            By:/s/ Michael J. Walsh
                                     ----------------------
                                     Michael J. Walsh
                                     Chief Financial Officer