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 Event Requiring Report: January 4, 2002




                   GOLDEN OPPORTUNITY DEVELOPMENT CORPORATION
             (Exact Name of Registrant as Specified on its Charter)


                 000-27961                          87-0067813
         (Commission File Number)      (IRS Employer Identification Number)


         ____________________________NEVADA ___________________________
         (State or Other Jurisdiction of Incorporation or Organization)




                          268 West 400 South, Suite 300
                           Salt Lake City, Utah 84101
                    (Address of Principal Executive Offices)




                                 (801) 575-8073
              (Registrant's Telephone Number, Including Area Code)









ITEM 2.           Acquisition or Disposition of Assets

On January 4, 2002, Golden Opportunity Development Corporation (the "Company")
sold its sole asset, the General Lafayette Inn, a 134 unit Motel and restaurant,
and four adjacent office/retail buildings, located at 427 Lafayette Street,
Baton Rouge, Louisiana.

The property was sold for cash, in the amount of $2,332,000, to Lafayette
Development Holdings, LLC. ("Lafayette"), a Louisiana Limited Liability Company.
After payment of taxes, real estate commissions, and the Mortgage on the
property, the Company realized net cash of $337,000. The Company had previously
(3rd quarter 2001) booked a $117,946.49 asset impairment loss in anticipation of
this sale. There is no material relationship between Lafayette and the Company,
or any of their affiliates, or any of their officers or directors, or any
associate of such officers or directors. This transaction was brokered by Brooks
Hearn, a real estate broker in Baton Rouge, LA. The property had negative cash
flows of $196,462 for the year ended 2001, and net losses of $309,918 through
the nine months ended September 30, 2001. The Company anticipates this sale will
eliminate a major source of the Company's historical negative cash flows. The
Company hopes to improve its cash flows and potentially its profitability in the
future. The Company is in the process of attempting to locate hospitality
properties which might be acquired by the Company on favorable terms.

                                   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 hereunto duly authorized.

Dated: January 14, 2002


                           Golden Opportunity Development Corporation



                             By:   /s/ Bobby G. Welch
                                -------------------------
                                Bobby G. Welch, President