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 28, 1997
                                        
               Date of Earliest Event Reported:  January 27, 1997
                                        
                                        
                                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 27, 1997, Registrant issued a press release announcing
               the unaudited results of operations for the three- and six-month
               periods ended December 31, 1996.
          
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, 1996.
                                        
                                        
                                   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 27, 1997            By:/s/ Michael J. Walsh
                                     ----------------------
                                     Michael J. Walsh,
                                     President



Date:  January 27, 1997            By:/s/ James D. Allen
                                     ----------------------
                                     James D. Allen
                                     Chief Financial Officer