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:    October 20, 1998

               Date of Earliest Event Reported:  October 15, 1998



                               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 October 15, 1998, Registrant issued a press release announcing
               the opening of the first prototype renovation of its Tandy
               Leather & Crafts retail concept.

ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS
          ---------------------------------

          (c)  Exhibits.
               --------

               Exhibit
               Number             Description
               -------   --------------------------------------

                99       Copy of press release announcing the opening of
                         the first prototype renovation of its Tandy
                         Leather & Crafts retail concept.


                                   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:  October 20, 1998            By:/s/ Michael J. Walsh
       ----------------               ---------------------
                                      Michael J. Walsh
                                      President



Date:  October 20, 1998            By:/s/ James D. Allen
       ----------------               ---------------------
                                      James D. Allen
                                      Chief Financial Officer