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                                    FORM 10-K/A

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE FISCAL YEAR ENDED DECEMBER 30, 2000          COMMISSION FILE NO. 1-9196

                          THE LESLIE FAY COMPANY, INC.

               DELAWARE                                        13-3197085
    (STATE OR OTHER JURISDICTION OF                         (I.R.S. EMPLOYER
    INCORPORATION OR ORGANIZATION)                          IDENTIFICATION NO.)

            1412 BROADWAY
           NEW YORK, NEW YORK                                      10018
  (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                       (ZIP CODE)

       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (212) 221-4000

              SECURITIES REGISTERED UNDER SECTION 12(B) OF THE ACT:

                                      None
              SECURITIES REGISTERED UNDER SECTION 12(G) OF THE ACT:

                           Common Stock, .01 par value

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months and (2) has been subject to such filing requirements for
the past 90 days. Yes X No ___

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation S-K is not contained herein and will not contained, to the best of
registrant's   knowledge,   in  definitive   proxy  or  information   statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. ____

The  aggregate  market  value of the voting  stock (based on the average bid and
asked prices of such stock) held by  non-affiliates  of the  registrant at March
23, 2001 was approximately $17,752,000.

Indicate  by check mark  whether  the  registrant  has filed all  documents  and
reports required to filed by Section 12, 13, or 15(d) of the Securities Exchange
Act of 1934 subsequent to the  distribution of securities under a plan confirmed
by a court.  Yes __X__ No ____

There  were  5,680,694  shares  of Common  Stock outstanding at March 23, 2001.

                       DOCUMENTS INCORPORATED BY REFERENCE
                       -----------------------------------
                                      None
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<PAGE>

The purpose of this amendment is to correct the amounts  reflected for (a) Total
Assests as of December 30, 2000 in Item 6. Selected Financial Data and (b) Total
Stockholders'  Equity at December  31, 2000 in the  Consolidated  Statements  of
Stockholders' Equity.

<PAGE>



ITEM 6.  SELECTED FINANCIAL DATA.
-------  ------------------------

         The following  selected financial data of the Company should be read in
conjunction  with  the  Consolidated  Financial  Statements  and  related  Notes
appearing elsewhere in this Form 10-K.
<TABLE>
<CAPTION>
                                                   (In thousands, except per share data)
                                 Reorganized Company                                        Predecessor Company
                                 -------------------                                        -------------------
                                                            For The Periods Ended
-----------------------------------------------------------------------------------------------------------------------------------
                                                           Pro Forma
                        Fifty-Two   Fifty-Two   Fifty-Two  Fifty-Three  Thirty-One                  Twenty-Two
                       Weeks Ended Weeks Ended Weeks Ended Weeks Ended  Weeks Ended                Weeks Ended
                      December 30 January 1,  January 2,   January 3,  January 3,    Pro Forma      June 4,
                          2000        2000        1999       1998 (a)    1998 (b)      1996(a)       1997 (c)       1996
                          ----        ----        ----       ----        ----          ----          ----           ----
                        (Audited)   (Audited)   (Audited)  (Unaudited)   (Audited)   (Unaudited)                  (Audited)
<S>                       <C>         <C>         <C>          <C>         <C>           <C>       <C>            <C>
Net  Sales                $212,714    $197,446    $152,867     $132,160    $ 73,091      $110,053  $197,984       $429,676

Operating Income             4,000      14,439     13,020        11,782       4,322         4,079    14,355         17,965

Reorganization Costs            --          --          --           --          --            --     3,379 (d)      5,144 (d)

Interest Expense and
  Financing Costs            2,958       2,258         950        1,113         336         2,298     1,372          3,932 (e)

Tax Provision                4,147       2,654       3,212        2,684         677           130       451           (839)(f)

Other Non-Recurring
    Items                  (10,800)(g)     911(h)       --           --          --            --   136,341 (i)         --

Net Income                  $7,695      $8,316      $8,858       $7,985      $3,309        $1,651  $145,494         $9,728

Net Income  per
  Share - Basic              $1.47       $1.46       $1.35      $1.17(j)    $0.49 (j)     $0.24 (j)    --(j)        $0.52 (j)
        - Diluted            $1.44       $1.39       $1.31      $1.16(j)    $0.48 (j)     $0.24 (j)    --(j)        $0.52 (j)

                          As of       As of       As of       As of                                   As of        As of
                       12/30/2000  01/01/2000   01/02/99     01/03/98                               06/04/97      12/28/96
                       ----------  ----------   --------     --------                               --------      --------

Total Assets               $87,702     $69,000     $67,804      $61,051                                 $77,789     $237,661

Assets of Product Lines
   Held for Sale  and           --          --          --           --                                      --    3,003 (j)
   Disposition

Long-Term Debt
 (Including Capital
  Lease)                     3,126       4,052          17           49                                     108         --
</TABLE>

                                      -15-
<PAGE>

                  THE LESLIE FAY COMPANY, INC. AND SUBSIDIARIES
                 CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
<TABLE>
<CAPTION>

                                 (IN THOUSANDS)

                                                                        CAPITAL IN        NOTES
                                                     COMMON STOCK        EXCESS OF      RECEIVABLE     RETAINED
                                                  SHARES   PAR VALUE     PAR VALUE    FROM STOCK SALE  EARNINGS

BALANCE AT JANUARY 3, 1998                          6,800     $68        $25,837                        $3,309

<S>                                                                                                      <C>
   Net Income                                          --      --             --                         8,858

   New Stock Issuance                                  58       1            231                            --

   Treasury Stock Repurchase                           --      --             --                            --

   Use of Pre-Consummation Deferred Taxes              --      --          1,084                            --

   SFAS No. 123 - Stock Option Compensation            --      --          1,672                            --

                                               --------   ----------  --------- -----------  ------------------

BALANCE AT JANUARY 2,1999                           6,858     $69        $28,824                       $12,167

   Net Income                                          --      --             --                         8,316

   New Stock Issuance                                  12      --            82                            --

   Treasury Stock Repurchase                           --      --            --                            --

   Use of Pre-Consummation Deferred Taxes              --      --           997                            --

   SFAS No. 123 - Stock Option Compensation            --      --         1,309                            --
                                               --------   ----------  --------- -----------  ------------------

BALANCE AT JANUARY 1, 2000                          6,870     $69      $31,212                         $20,483
                                               ========   ==========  ========= ===========  ========= ========


   Net Income                                          --      --           --                  --       7,695

   New Stock Issuance                                 628       6        1,938               (1,853)        --

   Use of Pre-Consummation Deferred Taxes              --      --        4,367                   --         --

   SFAS No. 123 - Stock Option Compensation            --      --          934                   --         --
                                               --------   ----------  --------- -----------  ------------------
BALANCE AT DECEMBER 30, 2000                        7,498      $75     $38,451               (1,853)   $28,178
                                               ========   ==========  ========= =========== ========== ========
</TABLE>
<TABLE>
<CAPTION>

                                                                                       ACCUMULATED
                                                                                          OTHER          TOTAL          TOTAL
                                                                     TREASURY STOCK    COMPREHENSIVE  STOCKHOLDERS'  COMPREHENSIVE
                                                                   SHARES      AMOUNT    INCOME          EQUITY         INCOME
                                                                 ------------------------------------------------------------------
BALANCE AT JANUARY 3, 1998
<S>                                                                              <C>             <C>        <C>
                                                                       --        $ --            $ --       $29,214
   Net Income
                                                                       --          --              --         8,858         $8,858
   New Stock Issuance
                                                                       --          --              --           232
   Treasury Stock Repurchase
                                                                      817     (4,623)              --       (4,623)
   Use of Pre-Consummation Deferred Taxes
                                                                       --          --              --         1,084
   SFAS No. 123 - Stock Option Compensation
                                                                       --          --              --         1,672

BALANCE AT JANUARY 2,1999                                             817    ($4,623)            $ --       $36,437

   Net Income                                                          --          --              --         8,316         $8,316

   New Stock Issuance                                                  --          --              --            82

   Treasury Stock Repurchase                                        1,000     (7,000)              --       (7,000)

   Use of Pre-Consummation Deferred Taxes                              --          --              --           997

   SFAS No. 123 - Stock Option Compensation                            --          --              --         1,309

BALANCE AT JANUARY 1, 2000                                          1,817    ($11,623            $ --       $40,141
                                                                 =======================================================
   Net Income                                                          --          --              --         7,695          $7,695
                                                                                                                                   =
   New Stock Issuance                                                  --          --              --            91

   Use of Pre-Consummation Deferred Taxes                              --          --              --         4,367

   SFAS No. 123 - Stock Option Compensation                            --          --              --           934

BALANCE AT DECEMBER 30, 2000                                     -------------------- -----------

                                                                    1,817    ($11,623            $ --       $53,228                -

</TABLE>

   The accompanying Notes to Consolidated Financial Statements are an integral
                part of these consolidated financial statements.


                                      F-5
<PAGE>
<PAGE>

                                   SIGNATURES

         Pursuant to the  requirements  of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Company has duly caused this amendment to be signed on
its behalf by the  undersigned,  thereunto duly  authorized,  in the City of New
York, State of New York, on the 6th day of April, 2001.

                                        THE LESLIE FAY COMPANY, INC.

                                        By: /s/ Warren T. Wishart
                                           -------------------------------------
                                           Warren T. Wishart
                                           Senior Vice President - Finance and
                                             Chief Financial Officer