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                                  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) December 22, 1997





                               FFP PARTNERS, L.P.
             (Exact name of registrant as specified in its charter)

         Delaware                  1-09510                       75-2147570
State or other jurisdiction      Commission                     IRS Employer
     of incorporation            File Number                  Identification No.



                               2801 Glenda Avenue
                                Fort Worth, Texas
                                   76117-4391
           Address of principal executive offices, including zip code

                                  817.838.4700
               Registrant's telephone number, including area code


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           Former name or former address, if changed from last report



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Item 2.  Acquisition or Disposition of Assets

     On December 22, 1997, FFP Partners,  L.P. ("FFPLP"),  completed the closing
of the acquisition of 107 convenience stores from E-Z Serve Convenience  Stores,
Inc. ("E-Z Serve"), pursuant to the Purchase and Sale Agreement, attached hereto
as Exhibit  2.1,  dated as of November 11,  1997,  by and between  FFPLP and E-Z
Serve.  The outlets  acquired are in eight states,  all of which FFPLP currently
operates in, with about 80% of them located in Texas.  The total  purchase price
was $12,126,000 in cash. The source of the cash used in the transaction was from
FFPLP's working  capital credit  facility with HSBC Business Loans,  Inc., and a
loan  from  Spencer  Distributing  Company,  Inc.  ("Spencer").   Prior  to  the
acquisition,  the assets  acquired  were used by E-Z Serve for the  operation of
convenience stores and FFPLP intends to continue such use.

     Concurrently  with the execution of the Purchase and Sale Agreement,  FFPLP
agreed  to  sell  ten of the  107  convenience  stores  to  Spencer.  The  total
consideration received by FFPLP for such sale was $1,642,000 in cash.

     Subsequent  to  the  closing  of  the  transactions  described  above,  the
unitholders of FFPLP approved a restructuring of FFPLP that resulted in dividing
it into two companies:  one to hold its real estate interests and one to conduct
its convenience store,  truck stop, and other operations.  The restructuring was
approved  on  December  26,  1997,  and was  effective  on  December  29,  1997.
Accordingly,  the convenience  stores acquired in the transaction  described are
now operated by FFP Marketing Company, Inc.


Item 7.   Financial Statements and Exhibits

     (a)  Financial Statements of business acquired.

               Not applicable.

     (b) Pro forma financial information.

               Not applicable.

     (c)  Exhibits.

          2.1  Purchase  and Sale  Agreement,  dated as of November 12, 1997,
               by and between FFP Partners, L.P. and E-Z Serve Convenience
               Stores, Inc.

          2.2  Addendum dated November 28, 1997, to Purchase and Sale Agreement.

          99.1 Press release dated November 12, 1997.









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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.

                                        FFP PARTNERS, L.P.
                                        (Registrant)

                                        By:  FFP Real Estate Trust
                                             its General Partner


Date:  January 7, 1998                       By:/s/Steven B. Hawkins
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                                               Steven B. Hawkins, Vice President