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):  May 7, 2001


                              ALLTRISTA CORPORATION
                              ---------------------
             (Exact name of registrant as specified in its charter)



            Indiana                       0-21052                35-1828377
            -------                       -------                ----------
(State or other jurisdiction of   (Commission File Number)    (I.R.S. Employer
 incorporation or organization)                              Identification No.)


           5875 Castle Creek Parkway, North Drive,
               Suite 440, Indianapolis, IN                         46250
               ---------------------------                         -----
          (Address of principal executive offices)               (Zip Code)


       Registrant's telephone number, including area code: (317) 577-5000



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

On October 10, 2000,  the Company  issued the press release  attached  hereto as
Exhibit 99-1.  The Company's  press release  addressed,  among other items,  the
Company's entering into the Letter of Intent attached hereto as Exhibit 99-2.


Item 7.  Financial Statements and Exhibits.
- ------   ---------------------------------

     The following exhibits are filed as a part of this report:

          (a) Not Applicable

          (b) Not Applicable

          (c) Exhibits

                99-1 Press  Release  dated May 7, 2001
                99-2 Letter of Intent dated May 7, 2001



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.


                                   ALLTRISTA CORPORATION
                                       (Registrant)


Date: May 11, 2001                 By:  /s/ Kevin D. Bower
                                      ------------------------------------------
                                        Kevin D. Bower
                                        Senior Vice President and
                                        Chief Financial Officer




                                  EXHIBIT INDEX

Exhibit Number                Description of Exhibit
- --------------                ----------------------

    99-1                Press Release dated May 7, 2001
    99-2                Letter of Intent dated May 7, 2001