SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 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 23, 2002


                              KENNEDY-WILSON, INC.
             (Exact Name of the Registrant as Specified in Charter)


Delaware                         0-20418                        95-4364537
(State or Other Jurisdiction    (Commission                    (IRS Employer
of Incorporation)               File Number)                 Identification No.)


                             9601 Wilshire Boulevard
                                    Suite 220
                         Beverly Hills, California 90210
              (Address of Principal Executive Offices and Zip Code)


                                 (310) 887-6400
               (Registrants telephone number, including area code)


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

<PAGE>



Item 4.  Changes in Registrant's Certifying Accountants

     On October 23, 2002, Kennedy-Wilson, Inc. (the "Company") dismissed
Deloitte & Touche LLP ("Deloitte & Touche") as its independent public accountant
and selected KPMG LLP ("KPMG") as its independent public accountant for the
fiscal year ending December 31, 2002. The decision to change accountants was
recommended and approved by the audit committee of the Company.

     During the two fiscal years ended December 31, 2000 and 2001 and the
subsequent interim period prior to the dismissal of Deloitte & Touche, there
were no disagreements with Deloitte & Touche on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope of
procedure, which disagreements if not resolved to the satisfaction of Deloitte &
Touche would have caused Deloitte & Touche to make reference to the subject
matter of the disagreements in connection with its report. Also, during such
periods there were no "reportable events" as that term is used in Item
304(a)(1)(v) of Regulation S-K.

     The audit reports of Deloitte & Touche on the consolidated financial
statements of the Company as of and for the years ended December 31, 2000 and
2001, did not contain an adverse opinion or disclaimer of opinion, nor were they
qualified or modified as to uncertainty, audit scope or accounting principles.

     Deloitte & Touche was provided a copy of the above disclosures and was
requested to furnish us with a letter addressed to the Commission stating
whether it agrees with the above statements and, if not, stating the respects in
which it does not agree. A letter from Deloitte & Touche is attached hereto as
Exhibit 16.

     During the Company's two most recent fiscal years and through the date
hereof, the Company did not consult KPMG with respect to the application of
accounting principles to a specified transaction, either completed or proposed,
or the type of audit opinion that might be rendered on the Company's
consolidated financial statements, or any other matters.


Item 7.  Exhibits

         Exhibit 16     Letter on Change in Certifying Accountant


<PAGE>


                                   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.



Dated:  October 30, 2002                  KENNEDY-WILSON, INC.



                                          By: /s/ Freeman A. Lyle
                                             ---------------------------------
                                             Name:  Freeman A. Lyle
                                             Title: Executive Vice President,
                                                    Chief Financial Officer and
                                                    Secretary



<PAGE>

                                                                     EXHIBIT 16





October 29, 2002

Securities and Exchange Commission Mail Stop 11-3 450 5th Street, N.W.
Washington, D.C.   20549

Dear Sirs/Madams:

We have read Item 4 of Kennedy-Wilson, Inc.'s Form 8-K dated October 23, 2002,
and have the following comments:

1.   We agree with the statements made in the first sentence of the first
     paragraph and paragraphs two through four of Item 4.

2.   We have no basis on which to agree or disagree with the statements made in
     the second sentence of the first paragraph and paragraph five of Item 4.

Yours truly,


DELOITTE & TOUCHE LLP
Los Angeles, California