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 Report (Date of earliest event reported):  March 13, 1998



                         ALLEGHENY TELEDYNE INCORPORATED
             (Exact name of registrant as specified in its charter)



            DELAWARE           1-12001                 25-1792394
(State or other jurisdiction  (Commission       (IRS Employer
      of incorporation)       File Number)       Identification No.)


           1000 SIX PPG PLACE,  PITTSBURGH,  PENNSYLVANIA 15222-5479 (Address of
  principal executive offices) (Zip code)



Registrant's telephone number, including area code:  412-394-2800

                                Page 1 of 6 Pages






Item 5.     Other Events.

            On March 13, 1998,  Allegheny Teledyne  Incorporated  issued a press
release, a copy of which is filed as Exhibit 99.1 hereto.

Item 7.     Financial Statements, Pro Forma Financial Information and
            Exhibits.

      (a)   Not applicable.

      (b) Not applicable.

      (c)  Exhibits.  The  following  exhibit  is filed as part of this  Current
Report on Form 8-K:

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

Press Release dated March 13, 1998                99.1



                                Page 2 of 6 Pages




                                    SIGNATURE
                                    ---------

      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.

                                    Allegheny Teledyne Incorporated



Date:  March 17, 1998         By:         /s/Jon D Walton
                                          ------------------------------
                                          Senior Vice President-General
                                            Counsel and Secretary

                                Page 3 of 6 Pages




                                  EXHIBIT INDEX
                                  -------------

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

 99.1       Press Release dated March 13, 1998


                                Page 4 of 6 Pages