SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C. 20549

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                                       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): OCTOBER 13, 1997

                            FALCON BUILDING PRODUCTS, INC.
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                (Exact name of registrant as specified in its charter)

         DELAWARE                     1-13418               36-3931893
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State or Other Jurisdiction          Commission           (IRS Employer
    of Incorporation                 File Number        Identification No.)


       Two North Riverside Plaza
              Suite 1100
           Chicago, Illinios                                      60606
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(Address of Principal Executive Offices)                         Zip Code

Registrant's telephone number, including area code:  (312) 906-9700


                              Not Applicable.
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         (Former name or former address, if changed since last report)



Item 5.  OTHER EVENTS.

         Falcon Building Products, Inc. announced, by press release dated 
October 13, 1997, that the expiration date of its exchange offers for (i) up 
to $145,000,000 aggregate principal amount of its outstanding 9 1/2% Series A 
Senior Subordinated Notes Due 2007 (the "Series A Notes"), for a like 
principal amount of its 9 1/2% Series B Senior Subordinated Notes Due 2007 
and (ii) up to $169,317,000 aggregate principal amount at maturity of its 
outstanding 10 1/2% Series A Senior Subordinated Discount Notes Due 2007 (the 
"Series A Discount Notes"), for a like principal amount of its 10 1/2% Series 
B Senior Subordinated Discount Notes Due 2007, has been extended until 5 
p.m., New York City Time, on October 17, 1997.  

         As of the close of business on October 10, 1997, approximately
$144,500,000 aggregate principal amount of Series A Notes and approximately
$165,717,000 aggregate principal amount at maturity of Series A Discount Notes,
had been tendered in the exchange offers.



                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934, 
the Registrant has duly caused this Current Report on Form 8-K to be signed 
on its behalf by the undersigned hereunto duly authorized.

                                   FALCON BUILDING PRODUCTS, INC.
                                         (Registrant)



                                   By:  /s/ Anthony J. Navitsky
                                   -----------------------------------------
                                       Name:   Anthony J. Navitsky
                                      Title:   Vice-President, Finance and
                                               Treasurer
Dated:   October 14, 1997