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 24, 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.

On January 24,  2001,  Zapata  Corporation  (the  "Company")  announced  that it
effected a one-for-ten reverse stock split of its common stock, effective at the
close of business on January 30, 2001.  Further details of this announcement are
contained in the press release of the Company  dated January 24, 2001,  which is
attached hereto as Exhibit 99.1.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

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

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

          99.1                  Press release dated January 24, 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

   99.1                 Press release dated January 24, 2001