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) March 17, 2006
                                                          --------------

                         FRIENDLY ICE CREAM CORPORATION
--------------------------------------------------------------------------------
             (Exact Name Of Registrant As Specified In Its Charter)

                                  MASSACHUSETTS
--------------------------------------------------------------------------------
                 (State or Other Jurisdiction of Incorporation)

             001-13579                                    04-2053130
----------------------------------------    ------------------------------------
      (Commission File Number)              (I.R.S. Employer Identification No.)

    1855 Boston Road, Wilbraham, MA                         01095
----------------------------------------    ------------------------------------
(Address of Principal Executive Offices)                  (Zip Code)

                                 (413) 543-2400
--------------------------------------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)

                                 Not Applicable
--------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

|_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

|_|  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

|_|  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))




Item 2.02 Results of Operations and Financial Condition

On March 17, 2006, Friendly Ice Cream Corporation (the "Company") issued a press
release announcing selected financial results of the Company for the quarter and
year ended January 1, 2006, included herewith as Exhibit 99.1.


Item 9.01 Financial Statements and Exhibits

(c)  Exhibits
     --------

--------------------------------------------------------------------------------
Exhibit Number          Exhibit Description
--------------------------------------------------------------------------------
99.1                    Friendly Ice Cream Corporation Press Release dated March
                        17, 2006 announcing financial results for the quarter
                        and year ended January 1, 2006. (This press release is
                        attached hereto as Exhibit 99.1 and is being furnished,
                        not filed, pursuant to Item 2.02, Results of Operations
                        and Financial Condition, to this Report on Form 8-K).
--------------------------------------------------------------------------------




                                    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, thereunto duly authorized.

Dated: March 17, 2006      FRIENDLY ICE CREAM CORPORATION


                           By:   /s/ PAUL V. HOAGLAND
                              --------------------------------------------------
                                  Name: Paul V. Hoagland
                           Title: Executive Vice President of Administration and
                                  Chief Financial Officer


--------------------------------------------------------------------------------
Exhibit Number          Exhibit Description
--------------------------------------------------------------------------------
99.1                    Friendly Ice Cream Corporation Press Release dated March
                        17, 2006 announcing financial results for the quarter
                        and year ended January 1, 2006. (This press release is
                        attached hereto as Exhibit 99.1 and is being furnished,
                        not filed, pursuant to Item 2.02, Results of Operations
                        and Financial Condition, to this Report on Form 8-K).
--------------------------------------------------------------------------------