FORM 8-K


                        Securities & Exchange Commission

                             Washington, D.C. 20549

          Pursuant to Section 13 or 15(d) of the Securities Act of 1994

                        Date of Report: December 11, 1996


                             JUNIPER FEATURES, LTD.
 


NEW YORK                           0-19170                11-2866771  
(State or other               (Commission  File Number)  (I.R.S.Employer
jurisdiction                                              Indentification
of Incorporation)                                         Number)

111 GREAT NECK ROAD, GREAT NECK, NEW YORK     11021 
(Address of Principal Executive Office)    (Zip Code)


Registrant's telephone number   (516) 829-4670



                                 NOT APPLICABLE 
                 (Former address, if changed since last report)









ITEM 5.                            OTHER EVENTS


On May 14,  1996, a judgment  for $90,000  (the  "Judgment")  was entered by the
Superior Court of the State of California for the County of Los Angeles  against
the Company and two other  defendants on an award by an  arbitrator  pursuant to
Section  1141.10 of the California  code of Civil Procedure and Rule 1505 of the
Rules of  Court  in an  action  captioned  NICA  Financial,  Inc.  v. A-1  Asset
Management Services,  L.L.C. et al., No. KCO18673 (the "Action").  The plaintiff
in the Action  sought  damages for breach of  contract,  book  account,  quantum
valebant,  and fraud.  All defendants in the action were represented by the same
counsel, which counsel failed to appear at the arbitration proceeding.  Although
the Company  relied on the  representations  of the other  defendants  that they
would retain  counsel to defend the Action and seek to vacate the judgment,  the
Company has retained counsel  separately and has filed a motion to set aside the
Judgment.  The Company  believes that the  Plaintiff's  claims are meritless and
that if the Action were  adjudicated  the Company  would  prevail.  Although the
Company  intends to vigorously  seek to set aside the Judgment and to defend the
Action,  there can be no assurance  that the Company will  succeed.  The Company
will also seek relief  against its former  counsel for any damages  arising from
his failure to appear at the arbitration proceeding.





                                    SIGNATURE


Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.



Dated:  December 11, 1996


                                   JUNIPER FEATURES, LTD.
                                        (Registrant)


 
                                   By:_____________________________
                                         V. Paul Hreljanovic
                                         President
                                         Chief Executive Officer