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):
                                September 5, 2006


                             The Topps Company, Inc.
             (Exact name of registrant as specified in its charter)


                                    Delaware
                 (State or other jurisdiction of incorporation)


                                    000-15817
                            (Commission File Number)


                                   11-2849283
                      (I.R.S. Employer Identification No.)


                    One Whitehall Street, New York, NY 10004
                                 (212) 376-0300
          (Address of principal executive offices and telephone number)


                                 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:

|_| 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 1.01 Entry into a Material Definitive Agreement

     On September 5, 2006, The Topps Company,  Inc. (the "Company") entered into
a  Memorandum  of Agreement  (the  "Agreement")  with the Major League  Baseball
Players Association (the "MLBPA"). Under the terms of the Agreement, the Company
agrees to pay certain  royalties and marketing fees to the MLBPA and the Company
is authorized to manufacture and distribute products featuring one or more Major
League baseball players. The Agreement terminates on January 31, 2010.

     The Agreement will be filed as an exhibit to the Company's quarterly report
on Form 10-Q for the  quarter  ending on August 26,  2006,  with  portions to be
omitted  and  filed  separately  with the  Securities  and  Exchange  Commission
pursuant to a request for confidential treatment.




                                    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.



Dated:  September 7, 2006

                                        THE TOPPS COMPANY, INC.



                                        By: s/ Arthur T. Shorin
                                           ---------------------
                                               Arthur T. Shorin
                                           Chief Executive Officer