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 earlier event reported): As of December 28, 1998
                                                     -----------------------


                           NATURAL HEALTH TRENDS CORP.
--------------------------------------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)





     Florida                     0-25238                  59-2705336      
     -------                     -------                  ----------      
(State of Incorporation   (Commission File No.)     (IRS Identification Number)
or other Jurisdiction)



                                 250 Park Avenue
                            New York, New York 10177
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                    (Address of Principal Executive Offices)




                                 (212) 490-6609
                                 --------------
               (Registrant's Telephone Number Including Area Code)


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Item 5. Other Events


         The Registrant,  its Acting President and Chairman of the Board, two of
its  subsidiaries and the Chief Operating  Officer of one such  subsidiary,  are
among  the  parties  named  in a civil  complaint  (the  "Complaint")  filed  by
Inter/Media  Time Buying Corp.  ("Claimant") in the United States District Court
for the Central  District of California,  Docket No. 98-9672 AAN. The Complaint,
captioned INTER/MEDIA TIME BUYING CORP. VS. GLOBAL HEALTH ALTERNATIVES,  NATURAL
HEALTH LABORATORIES,  INC., NATURAL HEALTH TRENDS CORP., TROY LABORATORIES,  SIR
BRIAN WOLFSON, JOE GRACE AND JOHN ELDRIDGE,  alleges, among other things, claims
for breach of contract, misrepresentation and fraud with regards to an agreement
for the Claimant's  purported provision of advertising  services.  The Complaint
seeks  compensatory  damages of  approximately  $145,000 as well as  unspecified
general,  special and punitive  damages,  costs and interest,  and a preliminary
injunction  enjoining the defendants  named in the Complaint,  and others,  from
disposing of their assets  other than in the  ordinary and  necessary  course of
business, and also from using any other advertising agency other than Claimant.

         The Registrant  believes all of the  allegations  are without merit and
intends to vigorously defend itself against this Complaint. No assurances can be
given  as to the  ultimate  disposition  of the  matter  or  its  effect  on the
Registrant.





55807


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                                   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.


                                               NATURAL HEALTH TRENDS CORP.
                                               (Registrant)


                                        By:    /s/ Joseph P. Grace
                                               ---------------------------------
                                               Joseph P. Grace, Acting President


Dated: As of December 28, 1998