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 6, 2006
                                                         ----------------

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

                                  MASSACHUSETTS
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                 (State or Other Jurisdiction of Incorporation)


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


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

                                 (413) 731-4000
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              (Registrant's Telephone Number, Including Area Code)

                                 Not Applicable
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          (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 7.01         Regulation FD Disclosure

         On December 6, 2006, Friendly Ice Cream Corporation issued a press
release regarding the intention to increase the size of its Board of Directors
from five to seven members, and its intention to offer one of the two additional
seats to a designee of the group of shareholders led by Sardar Biglari. A copy
of such press release is filed as Exhibit 99.1 to this Current Report on Form
8-K and is incorporated herein by this reference.

         The information in this Form 8-K (including Exhibit 99.1) shall not be
deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934
(the "Exchange Act") or otherwise subject to the liabilities of that section,
nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1933 or the Exchange Act, except as expressly set forth by
specific reference in such a filing.


Item 9.01         Financial Statements and Exhibits

(d)      Exhibits

99.1     Press Release dated December 6, 2006


                                    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: December 6, 2006                 FRIENDLY ICE CREAM CORPORATION


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