10/15/2002 FORM 8K
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.



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 14, 2002


BALLY TOTAL FITNESS HOLDING CORPORATION

(Exact name of registrant as specified in its charter)

Commission file number:   0-27478

Delaware 36-3228107


(State or other jurisdiction of incorporation) (I.R.S. Employer Identification No.)
     
8700 West Bryn Mawr Avenue, Chicago, Illinois 60631


(Address of principal executive offices) (Zip Code)
     
Registrant’s telephone number, including area code: (773) 380-3000
  

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Exhibit Index on Page 2



BALLY TOTAL FITNESS HOLDING CORPORATION
FORM 8-K
Current Report


Item 5. Other Events
     
   On October 14, 2002, Bally Total Fitness Holding Corporation announced the sale of a portion of its membership receivables portfolio. A copy of the press release relating to this sale is attached as Exhibit 99 hereto and is incorporated herein by reference.
     
Item 7. Financial Statements and Exhibits
     
   c.   Exhibits
     
          99   Press Release dated October 14, 2002

       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.



  BALLY TOTAL FITNESS HOLDING CORPORATION  
 
  Registrant
   
Dated: October 15, 2002 /s/ John W. Dwyer
 
  John W. Dwyer
  Executive Vice President and Chief Financial Officer
  (principal financial officer)



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