UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 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 reported) March 7, 2002
                                           -------------------------------------
                                           American Skiing Company
- --------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its charter)
        Delaware                     I-13057                   04-3373730
- ----------------------------  -----------------------    -----------------------
(State or other jurisdiction  (Commission File Number)   (IRS Employer
of incorporation)                                        Identification Number)



P.O. Box 450, Bethel, Maine                                       04217
- ----------------------------------------------------         -------------------
(Address of principal executive offices)                        (Zip Code)

Registrant's telephone number, including area code (207) 824-8100
                                                   -----------------------------


Item 5.  Other Events

     See press release attached as Exhibit 99.1.


     THIS  CURRENT  REPORT ON FORM 8-K  CONTAINS OR  INCORPORATES  BY  REFERENCE
FORWARD-LOOKING   STATEMENTS  THAT  INVOLVE  RISKS  AND   UNCERTAINTIES.   THESE
STATEMENTS MAY DIFFER  MATERIALLY FROM ACTUAL FUTURE EVENTS OR RESULTS.  READERS
ARE  REFERRED TO ALL  DOCUMENTS  FILED  BY  AMERICAN  SKIING  COMPANY  WITH  THE
SECURITIES AND EXCHANGE  COMMISSION,  WHICH IDENTIFY IMPORTANT RISK FACTORS THAT
COULD CAUSE ACTUAL RESULTS TO DIFFER FROM THOSE CONTAINED IN ANY FORWARD-LOOKING
STATEMENTS.

                                   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.

                                          AMERICAN SKIING COMPANY

Date:  March 7, 2002                      /s/ William J. Fair
                                          --------------------------------------
                                          Name:    William J. Fair
                                          Title:   President and Chief Executive
                                                   Officer

Date:  March 7, 2002                      /s/ Mark J. Miller
                                          --------------------------------------
                                          Name:    Mark J. Miller
                                          Title:   Senior Vice President
                                                   Chief Financial Officer

Exhibits

99.1  Press release of American Skiing Company dated March 6, 2002