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)

                                 April 20, 2004


                          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 5.  OTHER INFORMATION.

         On April 20, 2004, Interplay Entertainment Corp. issued a press release
announcing,  among other  matters,  its  engagement  of the  investment  bank SG
Capital to assist the company  with an  evaluation  of its  potential  strategic
alternatives.  The press  release  is  attached  hereto as  Exhibit  99.1 and is
incorporated herein by reference.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

         (c)      Exhibits

                  99.1     Press Release dated April 20, 2004.






                                   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.



April 21, 2004             /s/ Herve Caen
                           ---------------------------------------------------
                           Herve Caen
                           Chief Executive Officer and
                           Interim Chief Financial Officer