SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 12 OR 15 (d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                           Date of Report June 1, 1998

                               Regan Holding Corp.
             (Exact name of registrant as specified in its charter)

         California                    0-4366             68-0211359
(State or other jurisdiction        (Commission      (I.R.S. Employer
     of incorporation)              File Number)     Identification No.)

          1179 N. McDowell Blvd., Petaluma, California         94954
             (Address of principal executive offices)       (Zip Code)


      (Registrant's telephone number, including area code) (707) 778-8638

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         (Former name or former address, if changed since last report)




Item 5.  Other Events.

     On May 29, 1998, Regan Holding Corp.,  through its wholly-owned  subsidiary
Legacy  Marketing  Group  ("LMG"),  entered  into  an   Administrative  Services
Agreement and on June 1, 1998, entered into a Marketing Agreement (collectively,
the  "Agreements")  both with  Transamerica  Life Insurance  and Annuity Company
("Transamerica").  Pursuant to the  Agreements,  LMG will  develop,  market  and
administer annuity  products underwritten by  Transamerica.  For these services,
LMG will receive marketing allowance  and commission income  based on the volume
of  policies  sold and administrative fee income on a per transaction basis.

Item 7.  Financial Statements, Pro-forma Financial Information
and Exhibits

     (c)  Exhibits

          99.1 Marketing  Agreement between LMG and Transamerica,  dated June 1,
               1998*


          99.2 Administrative  Services  Agreement between LMG and Transamerica,
               dated May 29, 1998, as amended*

     *  Certain  confidential  commercial  and  financial  information  has been
     omitted from the indicated  exhibits,  but filed under  separate cover with
     the Securities and Exchange Commission.


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.

REGAN HOLDING CORP.


Date     June 11, 1998              By:     s/David A. Skup
                                            David A. Skup,
                                            Chief Financial Officer