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): July 9, 1999


                                 ASC East, Inc.
             (Exact name of Registrant as specified in its charter)


  Maine                      333-9763                         01-0503382
(State or other            (Commission                       (I.R.S. Employer
jurisdiction of            or File Number)                   Identification No.)
incorporation)



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


Registrant's telephone number, including area code:           (207) 824-5196

Former name or former address, if changed since last report:  Not Applicable






Item 5. Other Events.

     See Press Release  attached as Exhibit 99.1 hereto,  issued  jointly by the
Registrant's  parent,  American Skiing Company,  and Oak Hill Capital  Partners,
L.P. on July 12, 1999.

Item 7.  Financial Statements and Exhibits.

         (a)      Financial statements of businesses acquired.

                  None.

         (b)      Pro forma financial information.

                  None.

         (c)      Exhibits.

               2.1. Preferred  Stock  Subscription  Agreement dated July 9, 1999
                    between American Skiing Company and the Purchasers listed on
                    Annex  A  thereto,   including   a  form  of   Stockholders'
                    Agreement,  Voting  Agreement and Certificate of Designation
                    relating to the preferred stock to be issued.

               99.1.Press Release issued jointly by the American  Skiing Company
                    and Oak Hill Capital Partners, L.P. on July 12, 1999.




                                                    EXHIBIT INDEX


               Exhibit
                 No.                             Description

               2.1. Preferred  Stock  Subscription  Agreement dated July 9, 1999
                    between American Skiing Company and the Purchasers sisted on
                    Annex  A  thereto,   including   a  form  of   Stockholders'
                    Agreement,  Voting  Agreement and Certificate of Designation
                    relating to the preferred stock to be issued.

               99.1.Press Release issued jointly by American  Skiing Company and
                    Oak Hill Capital Partners, L.P. on July 12, 1999.





                                   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.

                                                ASC EAST, INC.



Date:    July 10, 1999                               /s/ Mark J. Miller
                                     -------------------------------------------
                                      Name:      Mark J. Miller
                                      Title:     Senior Vice President
                                                 Chief Financial Officer
                                                 (Principal Financial and
                                                  Accounting Officer)

Date:    July 10, 1999                              /s/ Christopher E. Howard
                                      ------------------------------------------
                                       Name:      Christopher E. Howard
                                       Title:     Executive Vice President
                                                  (Duly Authorized Officer)