UNITED STATES

                       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 21, 2001

                      The Newhall Land and Farming Company
                              Employee Savings Plan

                      The Newhall Land and Farming Company
                       (a California Limited Partnership)
             (Exact name of registrant as specified in its charter)

                                   California
                 (State or other jurisdiction of incorporation)


         1-8885                                           95-3931727
(Commission File Number)                      (IRS Employer Identification No.)


                    23823 Valencia Blvd., Valencia, CA 91355
               (Address of principal executive offices) (Zip Code)


        Registrant's telephone number, including area code: 661-255-4000





ITEM 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

In conjunction with the engagement of Deloitte & Touche LLP and dismissal of
KPMG LLP as The Newhall Land and Farming Company's principal accounting firm
effective for the 2001 audit, Deloitte & Touche LLP was also engaged as the
independent accountant for The Newhall Land and Farming Company Employee Savings
Plan effective for the year ended December 31, 2000.

During the fiscal years ended December 31, 1998 and 1999, KPMG LLP's report on
the financial statements for The Newhall Land and Farming Company Employee
Savings Plan did not contain an adverse opinion, disclaimer of opinion, nor was
the report qualified or modified as to uncertainty, audit scope or accounting
principles. There have been no disagreements with KPMG LLP during the audits of
the fiscal years ended December 31, 1998 and 1999 or any subsequent interim
period preceding the change on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedures, which would
have caused KPMG LLP to make reference to the subject matter of the
disagreements in the audit report if the disagreement had not been resolved to
KPMG LLP's satisfaction. Further during this same period, there have been no
reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.


ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

         (c)  The following exhibits are filed with this report.

              16    Letter from KPMG LLP concerning change in Certifying
                    Accountant.




                                                                              2.



                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
The Newhall Land and Farming Company has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.



                                 THE NEWHALL LAND AND FARMING COMPANY
                                        EMPLOYEE SAVINGS PLAN

                                 By    The Newhall Land and Farming Company
                                        (a California Limited Partnership)
                                                   Plan Sponsor

                                 By    Newhall Management Limited Partnership,
                                               Managing General Partner

                                 By    Newhall Management Corporation,
                                          Managing General Partner




Date:  July 9, 2001              By   /s/ DONALD L. KIMBALL
                                      ------------------------------------------
                                      Donald L. Kimball
                                      Vice President - Finance and Controller
                                      Newhall Management Corporation






                      THE NEWHALL LAND AND FARMING COMPANY


                                INDEX TO EXHIBITS




Exhibit
Number        Description
- --------      -----------
           
16            Letter from KPMG LLP concerning change in Certifying Accountants.