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 20, 2003

                       TAKE-TWO INTERACTIVE SOFTWARE, INC.
             (Exact name of registrant as specified in its charter)

        Delaware                        0-29230                 51-0350842
(State or other jurisdiction         (Commission             (I.R.S. Employer
      of incorporation)              File Number)           Identification No.)

        622 Broadway, New York, New York                        10012
   (Address of principal executive offices)                  (Zip Code)

Registrant's telephone number, including area code: (646)536-2842

           Former name or former address, if changed since last report

Item 5.  Other Events and Regulation FD Disclosure

         On  October  20,  2003 a  complaint  was filed in the  Fourth  Judicial
District for the State of Tennessee  Circuit Court of Cocke County  against Sony
Computer Entertainment  America, Inc., Take-Two Interactive Software,  Inc. (the
"Company"),   the  Company's  subsidary,   Rockstar  Games,  and  Walmart,  Inc.
(collectively,  the "Corporate Defendants"), and the father and mother and their
two  children of the Buckner  family  resident in Tennessee  (collectively,  the
"Individual  Defendants")by  John and Rosemary Hamel, as next-of-kin of Aaron E.
Hammel, and by Denise Deneau, Kimberly Bede and David Marc Hickman.

         The plaintiffs  allegations against the Corporate  Defendants were that
they were  negligent and strictly  liable,  and breached an implied  warranty of
quality,  fitness or condition as well as the Tennessee Consumer  Protection Act
for having designed, marketed, supplied and/or sold to the Individual Defendants
an allegedly  dangerous and/or unreasonably  defective product,  the video game,
Grand Theft Auto III, that was played by the Buckner  children which resulted in
"copycat violence" that caused the harm to the plaintiffs.

         The  plaintiffs  are seeking to recover  against all of the  defendants
compensatory  damages aggregating $46 million and are seeking to recover against
the Corporate Defendants punitive damages aggregating $200 million.

         The Company  believes that the claims  against it are without merit and
are  similar to  lawsuits  brought and  uniformly  dismissed  by courts in other
jurisdictions.  The Company  intends to defend  vigorously the action against it
and seek a dismissal of the action.



         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 thereunto duly authorized.

Dated:  October 22, 2003

                                            TAKE-TWO INTERACTIVE SOFTWARE, INC.

                                            By /s/ Karl H. Winters
                                               Name: Karl H. Winters
                                               Title: Chief Financial Officer