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):   August 2, 2007
                                                   -----------------------------

                               AMREP CORPORATION
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               (Exact Name of Registrant as Specified in Charter)

Oklahoma                          1-4702                  59-0936128
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(State or Other Jurisdiction      (Commission File        (IRS Employer
of Incorporation)                 Number)                 Identification Number)

300 Alexander Park, Suite 204, Princeton, New Jersey              08540
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      (Address of Principal Executive Offices)                    (Zip Code)

Registrant's telephone number, including area code:  (609) 716-8200
                                                     ---------------------------

                                 Not Applicable
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          (Former Name or Former Address, if Changed Since Last Report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the Registrant under any of the
following provisions (see General Instruction A.2. below):

[  ] Written communications  pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[  ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17
     CFR 240.14a-12)

[  ] Pre-commencement  communications  pursuant  to Rule  14d-2(b)  under the
     Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement  communications  pursuant  to Rule  13e-4(c)  under the
     Exchange Act (17 CFR 240.13e-4(c))





Item 8.01. Other Events.
           -------------

     On August 2, 2007 AMREP  Corporation  issued a press  release  regarding  a
workforce reduction in its Kable Media Services  fulfillment services businesses
as an initial step in the consolidation of operations there. A copy of the press
release is included as Exhibit 99.1 to this Current  Report and is  incorporated
herein by reference.

Item 9.01. Financial Statements and Exhibits.
           ----------------------------------

     (c) Exhibits.

     99.1 Press Release dated August 2, 2007 issued by AMREP Corporation.

                                   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.

                                                 AMREP CORPORATION
                                                 -----------------
                                                   (Registrant)

                                                 By:  /s/ Peter M Pizza
                                                      Peter M. Pizza
                                                      Vice President and
                                                      Chief Financial Officer

Date:  August 2, 2007
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                                  EXHIBIT INDEX
                                  -------------

 Exhibit
 Number                                 Description
 ------                                 -----------
  99.1           Press Release dated August 2, 2007 issued by AMREP Corporation.


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