Form 8-K/A


                                  AMENDMENT TO
                                 CURRENT REPORT
                       Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934




       Date of Report (date of earliest event reported) December 31, 1997






                               KRANTOR CORPORATION

Delaware                             0-19409                 22-2993066
- --------                             -------                 ----------
(State or other                     (Commission             (I.R.S. Employer
jurisdiction of                      File Number)           identification no.)
incorporation or
organization)


             10850 Perry Way, Ste. 203, Wexford, Pennsylvania, 15090
             -------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

Registrant's telephone number including area code: (412) 980-6380


                                Page 1 of 3 Pages
                             Exhibit Index on Page 2



The  undersigned   registrant  hereby  amends  the  following  items,  financial
statements,  exhibits or other portions of its  previously  filed report on Form
8-K as set forth in the pages attached hereto:

ITEM 7. FINANCIAL STATEMENTS PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

Exhibits filed as part of this report are as follows:

         1. Specimen Investor Warrant

         2. Specimen Investor Debenture

         3.  Placement  Agent  Warrant dated  November 13, 1998 between  Krantor
         Corporation and Baytree Associates, Inc.

         4. Escrow  Agreement dated October 24, 1997 between Globe Trust Company
         Limited, as Escrow Agent, and Krantor Corporation,  as acknowledged and
         agreed by Investors.

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                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on his  behalf by the
undersigned hereunto duly authorized.

                               KRANTOR CORPORATION




                               By:/s/ Mitchell Gerstein, Vice Pres.
                               ------------------------------------
                               Mitchell Gerstein, Vice Pres.

Dated:  January 30, 1998

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