SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                -----------------

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securties Exchange Act of 1934



                           Nu Skin Asia Pacific, Inc.
             (Exact Name of Registrant as Specified in Its Charter)


Delaware                           001-12421                          87-0565309
(State or Other                   (Commission                   (I.R.S. Employer
Jurisdiction of                   File number)               Identification No.)
Incorporation)


75 West Center Street, Provo, Utah                                         84601
(Address of Principal Executive Offices)                              (Zip Code)

Registrant's telephone number, including area code                (801) 345-6100

                            -------------------------

         (Former name or former address, if changed since last report.)


                    The Index to Exhibits appears on Page 4.


                                   Page 1 of 7




Item 5.  Other Events

         (i)      Reference is made to the press release issued to the public by
                  the  Registrant  on  January  23,  1998,  the text of which is
                  attached  hereto as Exhibit  99.1 and  incorporated  herein by
                  reference.

Item 7.  Financial Statements and Exhibits.

         (c)      Exhibits.

                  99.1 Press release of Nu Skin Asia Pacific Inc. dated
                  January 23, 1998.



                                   Page 2 of 7




                                   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 on the day indicated.


NU SKIN ASIA PACIFIC, INC.
(Registrant)



                                                 By: /s/ M. Truman Hunt
                                                 ----------------------
                                                 M. Truman Hunt
                                                 Vice President of Legal Affairs
                                                 and Investor Relations

Dated: January 23, 1998


                                   Page 3 of 7



                                INDEX TO EXHIBITS

Exhibit           Description                                              Page


99.1              Text of press release of Nu Skin Asia Pacific, Inc.        5
                  dated January 23, 1998               


                                   Page 4 of 7