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 28, 2001

                      Restaurant Teams International, Inc.
             (Exact name of registrant as specified in its charter)


State of Texas                        001-13559                   75-2337102
(State of incorporation)        (Commission File No.)       (IRS Employer
                                                             Identification No.)


                          911 N.W. Loop 281, Suite 111
                              Longview, Texas 75604
               (Address of principal executive offices) (Zip code)

                                    No change
             (Former name of address, if changed since last report).



Item 5.  Other events

On March 16, 2001 RTOSF,  Inc, a wholly owned  subsidiary  of  Restaurant  Teams
International,  Inc.  sold the  assets  and  franchise  rights of it's  Tanner's
restaurants in Atlanta, GA. RTOSF, Inc. received  approximately $245,000 for the
transaction.  RTOSF,  Inc. had liens and encumbrances on the business which were
in excess of the amount paid and  therefore no proceeds  were passed  through to
the parent corporation,  Restaurant Teams  International,  Inc.  Furthermore now
that  RTOSF,   Inc.  has  paid  off  what  it  was  able  to,  Restaurant  Teams
International,  Inc. is responsible for the payment of some of the  deficiencies
which remained.

                                   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.

                                         Restaurant Teams International, Inc.


Date: March 28, 2001                     By: /s/ Stanley L. Swanson
                                                --------------------
                                                  Stanley L. Swanson
                                                  Chief Executive Officer
                                                  (Signature)



Date: March 28, 2001                     By: /s/ Curtis A. Swanson
                                                ------------------
                                                  Curtis A. Swanson
                                                  Chief Financial Officer
                                                  (Signature)