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



                                   May 5, 1997
        ---------------------------------------------------------------
             Date of Report (Date of earliest event reported)



                             DIGNITY PARTNERS, INC.
       =================================================================
             (Exact name of registrant as specified in its charter)



Delaware                             0-27736                  94-3165263
- ---------------                   ------------              --------------
(State of other                    (Commission              (IRS Employer
jurisdiction of                   File Number)              Identification
incorporation)                                              No.)


           1700 Montgomery Street, Suite 250, San Francisco, CA       94111
           -----------------------------------------------------------------    
               (Address of principal executive offices)           (Zip Code)


       Registrant's telephone number, including area code: (415)394-9467
                                                           --------------




Item 5.  Other Events.
======================

     On May 5, 1997, the Company  issued a press release
 regarding its results of operations  for the first  quarter of 
1997.  The press release is filed herewith as Exhibit 99.1.



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

(c)      Exhibits

     99.1           Text of Press Release dated May 5, 1997.







                                   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 thereunto duly 
authorized.

                                                     DIGNITY PARTNERS, INC.
                                                     =======================

                                                     By /s/Alan B. Perper
                                                     --------------------------
                                                     Alan B. Perper
                                                     President

                                                    
 Date:  May 6, 1997









                                                         

                                  EXHIBIT INDEX
                                  ==============

================= ================================== ========================
 Exhibit Number       Document Description             Sequential 
                                                       Page Number
===============      =====================            ============
                                                      
                          
================= =================================== ========================
     99.1           Text of Press Release dated May    1-3
                    5, 1997.                             
================= =================================== ========================

================= =================================== ========================