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):

                                    February 12, 1997



                         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






Item 5.           Other Events
                  ------------

         On February 12, 1997, the registrant issued a press release  announcing
that its  President  and Chief  Executive  Officer,  William  P.  Rutledge,  had
tendered his  resignation  as an officer,  and that the  registrant's  Chairman,
Richard P. Simmons, will serve as President and Chief Executive Officer.  During
the  transition,  Mr.  Rutledge  will be  available  to assist Mr.  Simmons with
respect to the  registrant's  non-metals  businesses.  A copy of the text of the
press release is attached hereto as Exhibit 99.1 and is  incorporated  herein by
reference,  and the foregoing  summary is qualified in its entirety by reference
to such Exhibit.



Item 7.  Financial Statements 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:

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

         Press Release dated February 12, 1997          99.1


                                     - 2 -



                                    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



February 12, 1997                   By:     /s/ Jon D. Walton
                                           ----------------------------
                                           Jon D. Walton
                                           Vice President-General Counsel
                                           and Secretary

                                     - 3 -



                                  EXHIBIT INDEX


                                                                Sequential
  No.                        Description                          Page No.
- -------                      -----------                        ----------



 99.1    Press Release dated February 12, 1997                        5






















                                     - 4 -