<SUBMISSION>
<ACCESSION-NUMBER>0000898430-01-000232
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<CONFORMED-NAME>AMERICAN PACIFIC CORP
<CIK>0000350832
<ASSIGNED-SIC>2810
<IRS-NUMBER>596490478
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0930
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<BUSINESS-ADDRESS>
<STREET1>3770 HOWARD HUGHES PKWY STE 300
<CITY>LAS VEGAS
<STATE>NV
<ZIP>89109
<PHONE>7027352200
</BUSINESS-ADDRESS>
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<STREET1>3770 HOWARD HUGHES PKWY STE 300
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<STATE>NV
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<TYPE>8-K
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<FILENAME>0001.txt
<DESCRIPTION>FORM 8-K
<TEXT>

<PAGE>

                      SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, DC  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):        January 17, 2001
                                                         ----------------


                         American Pacific Corporation
                         ----------------------------
              (Exact Name of Registrant as Specified in Charter)



          Delaware                      1-8137                   59-6490478
--------------------------------------------------------------------------------
(State or Other Jurisdiction         (Commission               (IRS Employer
      of Incorporation)              File Number)            Identification No.)


  3770 Howard Hughes Parkway, Suite 300, Las Vegas, Nevada         89109
--------------------------------------------------------------------------------
  (Address of Principal Executive Offices)                       (Zip Code)



Registrant's telephone number, including area code:     (702) 735-2200
                                                        --------------



                                      N/A
--------------------------------------------------------------------------------
        (Former Name or Former Address, if Changed Since Last Report.)
<PAGE>

     Item 5.  Other Events.
              ------------

     On January 17,  2001,  American  Pacific  Corporation  issued the press
release annexed as an exhibit hereto, which is incorporated herein by reference.



     Item 7.  Financial Statements, Pro Forma Financial Information and
              ---------------------------------------------------------
              Exhibits.
              --------

     (c)  Exhibits

          Exhibit No.    Description
          -----------    -----------

               99.1      Press Release dated January 17, 2001




                                       2
<PAGE>

                                 SIGNATURE
                                 ---------


     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.


                                American Pacific Corporation



Dated: January 22, 2001         By: /s/ David N. Keys
                                   ---------------------------------
                                    David N. Keys
                                    Executive Vice President
                                    & Chief Financial Officer



                                       3
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>0002.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>

<PAGE>

                                                                    EXHIBIT 99.1

AMERICAN PACIFIC CORPORATION
--------------------------------------------------------------------------------
Contact:  David N. Keys - 702/735-2200 ext. 166

                 AMERICAN PACIFIC REPORTS DISPUTED POWER BILLS

LAS VEGAS, NEVADA, January 17, 2001 / PR Newswire / -- American Pacific
Corporation (NASDAQ National Market: APFC)

Electric energy is one of the Company's primary raw material costs for the
production of ammonium perchlorate.  The Company is a party to an agreement with
Utah Power ("UP") for its electrical requirements.  The agreement provided for
the supply of power for a minimum of a ten-year period, which began in 1989.
This agreement had a three year notice of termination provision and, on April 7,
1999, UP provided written notice of termination, effective April 7, 2002.

The Company has recently experienced unusual increases in its monthly power
bills at its Utah production facilities as compared to average historical
monthly amounts.  For the months of November and December 2000, the Company
received power bills from UP totaling $600,000 and $932,000, which were
respectively, $432,000 and $771,000 in excess of average historical monthly
amounts.

The Company believes that UP has improperly calculated replacement energy costs
and has also breached the agreement by failing to comply with the advance notice
provisions of the agreement.  The Company is disputing the November and December
power bills, as well as those of earlier periods.

In the first quarter of fiscal 2001, the Company implemented a plan to reduce
power consumption at its Utah plant operations.  By the middle of January 2001,
the Company believes it has reduced power consumption by more than 50%,
although, as part of this reduction, the Company has incurred additional costs,
principally in the area of purchased raw materials.  In order to reduce total
costs, the Company is purchasing certain raw materials in lieu of producing such
materials.

The Company is pursuing recovery of improper excess power charges from UP
through negotiation or other alternatives and is seeking to cause UP to comply
with the provisions of the agreement.  The

                                    -more-

         3770 HOWARD HUGHES PARKWAY - SUITE 300 . LAS VEGAS, NV 89109
                   PHONE (702) 735-2200 . FAX (702) 735-4876

                            Exhibit 99.1 -- Page 1
<PAGE>

outcome of this process is uncertain.  Absent recovery of the disputed charges
and future compliance by UP with the agreement, the increases in power bills
have had and would continue to have a material adverse effect on the Company's
operating results and financial position.  In the event a significant portion of
the total amount in dispute in the first quarter is not recovered by the
Company, the Company will report an operating loss in its first fiscal quarter
ended December 31, 2000.

Forward Looking Statements

Except for the historical information contained herein, this News Release may
contain Forward Looking Statements that are subject to risks and uncertainties,
including potential declining demand and/or downward pricing pressures for the
Company's products, governmental budget constraints and/or decreases affecting
the U.S. Department of Defense or NASA which would cause a continued decrease in
demand for AP, technological advances or new or competitive products causing a
reduction or elimination of demand for the Company's products, as well as other
risks detailed from time to time in the Company's SEC reports, including the
most recent Form 10-K and 10-Q Reports.

American Pacific Corporation is a specialty chemical company that produces
products used primarily in space flight and defense systems, automotive airbag
safety systems and fire extinguishment systems. The Company also designs and
manufactures environmental protection products and is involved in real estate
development.


                         AMERICAN PACIFIC CORPORATION
                         ----------------------------

                            Exhibit 99.1 -- Page 2
</TEXT>
</DOCUMENT>
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