SECURITIES AND EXCHANGE COMMISSION

                      Washington, D.C. 20549

                             FORM 8-K

                          CURRENT REPORT

      Pursuant to Section 13 or 15(d) of the Securities and
                      Exchange Act of 1934





Date of Report (date of earliest event reported) August 31, 2000



                        RAYTECH CORPORATION



    DELAWARE                1-9298              06-1182033
(State or Other           (Commission        (I.R.S. Employer
Jurisdiction of           File No.)          Identification No.)
Incorporation)



Four Corporate Drive, Shelton, Connecticut             06484
(Address of Principal Executive Offices)             (Zip Code)



Registrant's telephone number, including area code 203-925-8023










                          Page 1 of 4

         

Item 3.  Bankruptcy or Receivership

         As previously reported, on March 10, 1989, Raytech
         Corporation (the "Company" or "Debtor") filed a voluntary
         petition for relief under Chapter 11 of Title 11 of the
         United States Code (the "Bankruptcy Code") with the
         United States Bankruptcy Court for the District of
         Connecticut (the "Bankruptcy Court").  Since the
         petition date, the Debtor has operated its business as
         debtor in possession in accordance with the provisions
         of the Bankruptcy Code.

         On August 31, 2000, the Bankruptcy Court entered an
         Order Confirming Raytech Corporation's Second Amended
         Plan of Reorganization (the "Confirmation Order"), which
         confirmed the Company's Second Amended Plan of
         Reorganization (the "Plan").  The "effective date of the
         plan," as used in the Bankruptcy Code, shall not occur
         until the satisfaction of certain conditions precedent
         (the "Effective Date").

         The Plan was proposed jointly by the Debtor, the
         Official Committee of Unsecured Creditors, the Guardian
         ad litem for Future Claimants, the Connecticut
         Department of Environmental Protection and the United
         States Environmental Protection Agency (the
         "Governments") and the Official Committee of Equity
         Holders in an agreement signed in October 1998
         providing for the basic terms of a consensual plan of
         reorganization.

         As previously disclosed, Orders of various courts have
         held the Debtor liable as a successor to Raymark
         Industries, Inc. for asbestos-related personal injury
         claims ("API Claims") and environmental claims of the
         Governments ("Environmental Claims") amounting to an
         estimated $7.2 billion in total liabilities.

         The Plan is based on a settlement providing for an
         exchange of allowed API Claims estimated to be $6.76
         billion and allowed Environmental Claims of $432
         million for 90% of the common stock of the Debtor with
         existing equity holders in the Debtor retaining 10% of
         the common stock in the Debtor.  In accordance with the
         Plan, all present and future API Claims will be assumed
         and resolved by an independently administered claims
         trust (the "PI Trust").  On the Effective Date, a
         channeling injunction ordered by the Bankruptcy Court
         pursuant to Section

         

24(g) of the Bankruptcy Code will permanently and
         forever stay, enjoin and restrain any asbestos-related
         claims against the Debtor, thereby channeling such
         claims to the PI Trust for resolution.

         The Plan provides for the classification and treatment
         of all claims and equity interests and on the Effective
         Date the rights afforded and the treatment of all
         claims and equity interests in the Plan shall be in
         exchange for and in complete satisfaction, discharge
         and release of all claims and equity interests against
         the Debtor.

         The total assets of the Debtor as of July 2000 month-end
         of $235.5 million consist of investments in subsidiaries of
         $93 million and a deferred tax asset of $141 million.  The
         total liabilities as of that date consist of liabilities
         subject to compromise of $7.2 billion offset by negative
         equity of $7.0 billion.

         The Effective Date of the Confirmation Order is subject
         to the following conditions precedent:  (a)  The
         Bankruptcy Court and United States District Court shall
         have entered an order or orders establishing the
         asbestos personal injury permanent channeling
         injunction and the claims trading injunction, (b) the
         enabling agreement of the PI Trust is signed and in
         effect and (c) certain favorable rulings have been
         obtained from the Internal Revenue Service concerning
         the Plan or in lieu thereof opinions of counsel.  The
         date of fulfillment of the referenced conditions and
         the Effective Date are unknown at this time.


         

                            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 thereto duly authorized.

                                     RAYTECH CORPORATION


                                     By: /s/LEGRANDE L. YOUNG
                                     LeGrande L. Young
                                     Vice President, Administration,
                                     Secretary and General Counsel