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):    October 26, 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 October 26, 2007 AMREP Corporation issued a press release announcing the
planned redistribution of the fulfillment services work performed at the Marion,
Ohio facility of its Kable Media Services  fulfillment services business and the
scheduled  closing of the Ohio  facility.  This action is a further  step in the
Company's  consolidation  of  operations in that  business.  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 October 26, 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:  October  26, 2007
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                                  EXHIBIT INDEX

Exhibit No.                          Description
-----------                          -----------
   99.1        Press Release dated October 26, 2007 issued by AMREP Corporation.