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


      Date of Report (Date of earliest event reported): September 16, 2002



                           EMERGING DELTA CORPORATION
             (Exact Name of Registrant as Specified in its Charter)



      Delaware                        33-61892-FW              72-1235451
(State or Other Jurisdiction         (Commission             (I.R.S. Employer
  of Incorporation)                   File Number)           Identification No.)


        220 Camp Street
     New Orleans, Louisiana                                           70130
(Address of Principal Executive Offices)                           (Zip Code)

       Registrant's telephone number, including area code: (504) 524-1801






Item 5.  Other Matters

         On  September  16,  2002,  Delta  Gamma   Acquisition  LLC,  a  company
controlled  by Allen  Campbell  ("DGA"),  commenced  a tender  offer to purchase
shares (the "Shares") of Emerging Delta Corporation ("Delta") and Emerging Gamma
Corporation ("Gamma").

         Shareholders  of Delta and Gamma are being  offered three choices under
the terms of the tender offer:

         1.       To stand pat and not tender any Shares.

         2.       To tender 40% of your Shares of both Delta and Gamma at $12.50
                  per Share.

         3.       To tender 80% of your Shares of both Delta and Gamma at $12.50
                  per Share.

         Attached  as  exhibits  to this  report are the  following  items which
described  in more detail the terms and  conditions  of the tender offer and the
views of management with respect to the tender offer.



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

           Exhibit Number                 Description
           -------------                  -------------
                99.1                  Letter to Shareholders
                99.2                  Tender Offer
                99.3                  Letter of Acceptance








                                    SIGNATURE


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this  report to be filed on its behalf by the
undersigned hereunto duly authorized.

                                    EMERGING DELTA CORPORATION



Date: September 16, 2002            By:  /s/ Burt H. Keenan
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                                         Burt H. Keenan
                                         Chairman of the Board and
                                         Chief Executive Officer