<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>cityappealdatecorrection.txt
<DESCRIPTION>CITYAPPEALDATECORRECTION827
<TEXT>

                                                             Page 1 of 4 pages
                                                        Exhibit Index on Page 3


                       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): August 27, 2001


                               AmBase Corporation
               (exact name of registrant as specified in its charter)


              Delaware                   1-7265                95-2962743
           (State or other           (Commission            (I.R.S. Employer
            jurisdiction             File Number)           Identification No.)
          of incorporation)


                 100 Putnam Green, Greenwich, CT                06830-6027
             (Address of principal executive offices)           (Zip Code)


    Registrant's telephone number, including area code:     (203) 532-2000

<PAGE>
Item 5.  Other Events

AmBase Corporation (the "Company")  announced that information recently obtained
from the United  States Tax Court (the "Tax Court")  indicates  that the IRS has
until  September  24, 2001,  as opposed to August 21, 2001,  to file a Notice of
Intention to Appeal the Tax Court's ruling that was previously  decided in favor
of City Investing  Company in the Netherlands  Antilles  Withholding  Obligation
Case.

The  attorneys  on  the  case,  Davis,  Polk &  Wardwell,  have  indicated  that
procedurally  in many  cases  the  government  may file a  protective  Notice of
Intention to Appeal the Tax Court's ruling to preserve its appeal rights when no
final decision on the matter has been made by the Solicitor General.
<PAGE>

Item 7.  Financial Statements and Exhibits

(c) Exhibits: 99.1 Copy of Registrant's press release dated August 27, 2001.

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.


                                  AmBase Corporation


                           By:    John P. Ferrara
                                  Vice President, Chief Financial Officer
                                  and Controller
                                  (Principal Financial and Accounting Officer)


                               Date: August 27, 2001


                                  EXHIBIT INDEX


Exhibit                  Description                            Page No.
-------                  -----------                            --------

  99.1                Copy of Registrant's press release            4
                             dated August 27, 2001


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