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): November 14, 2006


                        All American Semiconductor, Inc.

             (Exact name of registrant as specified in its charter)


                                    DELAWARE
                 (State or other jurisdiction of incorporation)


0-16207                                                               59-2814714
(Commission File Number)                                        (I.R.S. Employer
                                                             Identification No.)


              16115 Northwest 52nd Avenue, Miami, Florida   33014
               (Address of principal executive offices) (Zip Code)


       Registrant's telephone number, including area code: (305) 621-8282


                                 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 2.02  Results of Operations and Financial Condition.

           All American Semiconductor, Inc. (the "Company") announced its
           financial results for the quarter ended September 30, 2006. A copy of
           the Company's press release issued on November 14, 2006 concerning
           the foregoing is furnished as part of this report.

Item 9.01  Financial Statements and Exhibits.

           (c)      Exhibits

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

               99            Press Release dated November 14, 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 hereunto duly authorized.


                                         ALL AMERICAN SEMICONDUCTOR, INC.


Date: November 14, 2006                  By: /s/ HOWARD L. FLANDERS
                                             -----------------------------------
                                             Howard L. Flanders
                                             Executive Vice President and
                                             Chief Financial Officer



                                  EXHIBIT INDEX
                                  -------------


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

   99                 Press Release dated November 14, 2006.