UNITED STATES

                       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)

                                  May 20, 2003


                          INTERPLAY ENTERTAINMENT CORP.
             (Exact name of registrant as specified in its charter)

            Delaware                    0-24363                  33-0102707
(State or other jurisdiction    (Commission File Number)       (IRS Employer
       of incorporation)                                     Identification No.)



  16815 Von Karman Avenue, Irvine, CA                       92606
(Address of principal executive offices)                  (Zip Code)

       Registrant's telephone number, including area code: (949) 553-6655





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

     (c)  Exhibits.

          99.1          Press Release dated May 20, 2003, published by Interplay
                        Entertainment Corp. (the "Company").

ITEM 9. - REGULATION FD DISCLOSURE

On May 20, 2003,  the Company  issued a press  release  regarding  its financial
results for the first  quarter of 2003. A copy of the press  release is attached
hereto as Exhibit 99.1.

The  information  provided in this Current  Report on Form 8-K is being provided
pursuant to Item 12 of Form 8-K. In accordance  with General  Instruction B.6 of
Form 8-K,  the  information  in this  report  shall not be  deemed  "filed"  for
purposes of Section 18 of the  Securities  Exchange Act of 1934, nor shall it be
deemed  incorporated by reference in any filing under the Securities Act of 1933
or the Securities  Exchange Act of 1934,  except as shall be expressly set forth
by specific reference in such a filing.


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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 its behalf by the
undersigned hereunto duly authorized.

                          INTERPLAY ENTERTAINMENT CORP.



May 21, 2003                                /s/ Herve Caen
                                           -----------------------------------
                                           Herve Caen
                                           Chief Executive Officer


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                                  EXHIBIT INDEX


EXHIBIT NUMBER     DESCRIPTION
- --------------     -----------
     99.1          Press Release dated May 20, 2003, published by the Company.


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