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: March 8, 1999
                        (Date of earliest event reported)


                            NU SKIN ENTERPRISES, INC.
             (Exact name of Registrant as specified in its charter)


        Delaware                    1-12421                    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.









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Item 5.  Other Events

        Effective as of March 8, 1999, the Registrant  completed the acquisition
of certain assets of Nu Skin USA and the termination of exclusive  licensing and
distribution agreements under terms previously announced,  including the payment
of approximately  $18.7 million and the assumption of approximately $8.0 million
of  Nu  Skin  USA  liabilities.   Assets  acquired  from  Nu  Skin  USA  include
approximately 620,000 shares of the Class A Common Stock of Nu Skin Enterprises.
Reference is made to that certain  press  release  dated March 23, 1999 attached
hereto as Exhibit 99.1.

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

    (c)    Exhibits.

         99.1   Press Release of Nu Skin Enterprises, Inc. dated March 23, 1999.





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                                    SIGNATURE

        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 date indicated.

                                       NU SKIN ENTERPRISES, INC.



                                       By:        /s/ M. Truman Hunt
                                       Name:          M. Truman Hunt
                                       Title: Vice President and General Counsel


 Dated: March 23, 1999




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                                INDEX TO EXHIBITS

 Exhibit              Description

 99.1                 Press Release of Nu Skin Enterprises dated March 23, 1999.


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