SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
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                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

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        Date of Report (date of earliest event reported): January 5, 2001

                               ZAPATA CORPORATION
             (Exact name of registrant as specified in its charter)



Nevada                               1-4219                         C-74-1339132
(State or other               (Commission File No.)              (I.R.S Employer
jurisdiction of                                              Identification No.)
incorporation)


                         100 Meridian Centre, Suite 350
                            Rochester, New York 14618
                     (Address of principal executive office)

                                 (716) 242-2000
              (Registrant's telephone number, including area code)

                                 Not Applicable
          (Former name or former address, if changed since last report)





ITEM 5. OTHER EVENTS.

Attached and incorporated herein by reference as Exhibit 99 is a copy of a press
release of Zapata Corporation dated January 5, 2001.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

     (c)  Exhibits Required by Item 601 of Regulation S-K

          EXHIBIT NO.           DESCRIPTION
          -----------           -----------

              99                Press release dated January 5, 2001





                                   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.


                                  ZAPATA CORPORATION


                                  By:    /s/ Avram Glazer
                                         ---------------------------------------
                                  Name:  Avram Glazer
                                  Title: President and Chief Executive Officer

Date: January 31, 2001





                                  EXHIBIT INDEX

Exhibit No.             Description
- -----------             -----------

    99                  Press release dated January 5, 2001