UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                 SCHEDULE 13D

                   Under the Securities Exchange Act of 1934

                        GAYLORD ENTERTAINMENT COMPANY
                        -----------------------------
                                (Name of Issuer)

                         Common Stock, Par Value $0.01
                         -----------------------------
                         (Title of Class of Securities)

                                 367905-10-6
                                 -----------
                                (CUSIP Number)

                               Murray A. Indick
                      Richard C. Blum & Associates, L.P.
                       909 Montgomery Street, Suite 400
                           San Francisco, CA 94133
                                (415) 434-1111
                                --------------
               (Name, Address and Telephone Number of Person
              Authorized to Receive Notices and Communications)

                               February 3, 1998
                               ----------------
           (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to 
report the acquisition which is the subject of this Schedule 13D, and is 
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following 
box [ ].

*The remainder of this cover page shall be filled out for a reporting person's 
initial filing on this form with respect to the subject class of securities, 
and for any subsequent amendment containing information which would alter 
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be 
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange 
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of 
the Act but shall be subject to all other provisions of the Act (however, see 
the Notes).
Page 1 of 8

CUSIP NO. 367905-10-6            SCHEDULE 13D                     Page 2 of 8

- ------------------------------------------------------------------------------
 1.  NAME OF REPORTING PERSON               RICHARD C. BLUM & ASSOCIATES, L.P.

    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON               94-3205364
- ------------------------------------------------------------------------------
 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [x]
                                                                       (b) [x]
- ------------------------------------------------------------------------------
 3.  SEC USE ONLY

- ------------------------------------------------------------------------------
 4.  SOURCE OF FUNDS*                                         See Item 3 below

- ------------------------------------------------------------------------------
 5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
- ------------------------------------------------------------------------------
 6.  CITIZENSHIP OR PLACE OF ORGANIZATION                           California

- ------------------------------------------------------------------------------
                    7.  SOLE VOTING POWER                                  -0-

   NUMBER OF       -----------------------------------------------------------
   SHARES           8.  SHARED VOTING POWER                        2,114,898**
   BENEFICIALLY
   OWNED BY EACH   -----------------------------------------------------------
   PERSON WITH      9.  SOLE DISPOSITIVE POWER                             -0-

                   -----------------------------------------------------------
                   10.  SHARED DISPOSITIVE POWER                   2,114,898**

- ------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  2,114,898**

- ------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
     CERTAIN SHARES                                                        [ ]
- ------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                 6.5%**

- ------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON                                           PN, IA

- ------------------------------------------------------------------------------
** See Item 5 below

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!



CUSIP NO. 367905-10-6            SCHEDULE 13D                     Page 3 of 8

- ------------------------------------------------------------------------------
 1.  NAME OF REPORTING PERSON               RICHARD C. BLUM & ASSOCIATES, INC.

    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON               94-2967812
- ------------------------------------------------------------------------------
 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [x]
                                                                       (b) [x]
- ------------------------------------------------------------------------------
 3.  SEC USE ONLY

- ------------------------------------------------------------------------------
 4.  SOURCE OF FUNDS*                                         See Item 3 below

- ------------------------------------------------------------------------------
 5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
- ------------------------------------------------------------------------------
 6.  CITIZENSHIP OR PLACE OF ORGANIZATION                           California

- ------------------------------------------------------------------------------
                    7.  SOLE VOTING POWER                                  -0-

   NUMBER OF       -----------------------------------------------------------
   SHARES           8.  SHARED VOTING POWER                        2,114,898**
   BENEFICIALLY
   OWNED BY EACH   -----------------------------------------------------------
   PERSON WITH      9.  SOLE DISPOSITIVE POWER                             -0-

                   -----------------------------------------------------------
                   10.  SHARED DISPOSITIVE POWER                   2,114,898**

- ------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  2,114,898**

- ------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
     CERTAIN SHARES                                                        [ ]
- ------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                 6.5%**

- ------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON                                               CO

- ------------------------------------------------------------------------------
** See Item 5 below

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!



CUSIP NO. 367905-10-6            SCHEDULE 13D                     Page 4 of 8

- ------------------------------------------------------------------------------
 1.  NAME OF REPORTING PERSON                                  RICHARD C. BLUM

    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [x]
                                                                       (b) [x]
- ------------------------------------------------------------------------------
 3.  SEC USE ONLY

- ------------------------------------------------------------------------------
 4.  SOURCE OF FUNDS*                                         See Item 3 below

- ------------------------------------------------------------------------------
 5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
- ------------------------------------------------------------------------------
 6.  CITIZENSHIP OR PLACE OF ORGANIZATION                           California

- ------------------------------------------------------------------------------
                    7.  SOLE VOTING POWER                                  -0-

   NUMBER OF       -----------------------------------------------------------
   SHARES           8.  SHARED VOTING POWER                        2,114,898**
   BENEFICIALLY
   OWNED BY EACH   -----------------------------------------------------------
   PERSON WITH      9.  SOLE DISPOSITIVE POWER                             -0-

                   -----------------------------------------------------------
                   10.  SHARED DISPOSITIVE POWER                   2,114,898**

- ------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  2,114,898**

- ------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
     CERTAIN SHARES                                                        [ ]
- ------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                 6.5%**

- ------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON                                               IN

- ------------------------------------------------------------------------------
** See Item 5 below

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!



CUSIP NO. 367905-10-6            SCHEDULE 13D                     Page 5 of 8

This Amendment No. 1 amends the Statement on Schedule 13D (the "Schedule 13D") 
filed with the Securities and Exchange Commission (the "Commission") on 
December 2, 1997, by Richard C. Blum & Associates, L.P., a California limited 
partnership ("RCBA L.P."); Richard C. Blum & Associates, Inc., a California 
corporation ("RCBA Inc."); and Richard C. Blum, the Chairman and a substantial 
shareholder of RCBA Inc. (collectively, the "Reporting Persons").  The 
principal executive office and mailing address of the Issuer is One Gaylord 
Drive, Nashville, TN 37214.  The following amendment to Item 5 of the Schedule 
13D is hereby made. Unless otherwise defined herein, all capitalized terms 
shall have the meanings ascribed to them in the Schedule 13D.


Item 5.  Interest in Securities of the Issuer
- ---------------------------------------------

Item 5 of the Schedule 13D is hereby amended as follows:

(a),(b) According to the Issuer's most recent Form 10-Q, there were 32,490,037 
shares of Common Stock issued and outstanding as of October 31, 1997. Based on 
such information, after taking into account the transactions described in Item 
5(c) below, the Reporting Persons report direct holdings of 1,760,998 shares 
of the Common Stock on behalf of its clients, which represents 5.4% of the 
outstanding shares of the Common Stock.

In addition, because RCBA L.P. has voting and investment power with respect to 
353,900 shares that are legally owned by The Common Fund for the account of 
its Equity Fund ("The Common Fund"), those shares are reported as beneficially 
owned by RCBA L.P.  The Common Fund is principally engaged in the business of 
managing investments for educational institutions.  The principal 
administrative office of The Common Fund is located at 450 Post Road East, 
Westport, Connecticut 06881-0909.  The Common Fund disclaims membership in a 
group with any of the Reporting Persons, and disclaims beneficial ownership of 
any shares held by the Reporting Persons.

Voting and investment power concerning the above shares are held solely by 
RCBA L.P.  The Reporting Persons therefore may be deemed to be members in a 
group, in which case each Reporting Person would be deemed to have beneficial 
ownership of an aggregate of 2,114,898 shares of the Common Stock, which is 
6.5% of the outstanding Common Stock.  As the sole general partner of RCBA 
L.P., RCBA Inc. is deemed the beneficial owner of the securities over which 
RCBA L.P. has voting and investment power.  As Chairman, director and a 
substantial shareholder of RCBA Inc., Richard C. Blum might be deemed to be 
the beneficial owner of the securities beneficially owned by RCBA Inc.  
Although Mr. Blum is joining in this Schedule as a Reporting Person, the 
filing of this Schedule shall not be construed as an admission that he, or any 
of the other shareholders, directors or executive officers of RCBA Inc. is, 
for any purpose, the beneficial owner of any of the securities that are 
beneficially owned by RCBA Inc.


CUSIP NO. 405024100            SCHEDULE 13D                        Page 6 of 8

(c)  During the last 60 days, the Reporting Persons purchased the following 
shares of Common Stock in the open market:

Trade Date   Shares    Price/Share
- ----------   -------   -----------

01-07-98     27,400       30.40 
01-09-98     20,000       30.50
01-12-98    200,000       30.00
01-22-98     50,000       30.00
02-03-98     60,000       30.75

(d) and (e)  not applicable.

Item 7.  Material to be Filed as Exhibits
- -----------------------------------------

Exhibit A  Joint Filing Undertaking.

CUSIP NO. 367905-10-6            SCHEDULE 13D                    Page 7 of 8

                                  SIGNATURES

After reasonable inquiry and to the best or our knowledge and belief, the 
undersigned certify that the information set forth in this statement is true, 
complete and correct.

Dated:  February 9, 1998

RICHARD C. BLUM & ASSOCIATES, L.P.    RICHARD C. BLUM & ASSOCIATES, INC.


By  /s/ Murray A. Indick              By  /s/ Murray A. Indick
    -------------------------------       -----------------------------------
    Murray A. Indick                      Murray A. Indick
    Managing Director                     Managing Director, General Counsel
    and General Counsel                   and Secretary




                                      /s/ Murray A. Indick
                                      ---------------------------------------
                                      RICHARD C. BLUM

                                      By  Murray A. Indick, Attorney-in-Fact

CUSIP NO. 367905-10-6            SCHEDULE 13D                    Page 8 of 8

                                   Exhibit A
                           JOINT FILING UNDERTAKING

The undersigned, being duly authorized thereunto, hereby execute this 
agreement as an exhibit to this Schedule 13D to evidence the agreement of the 
below-named parties, in accordance with the rules promulgated pursuant to the 
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of 
each such party.

Dated:  February 9, 1998

RICHARD C. BLUM & ASSOCIATES, L.P.    RICHARD C. BLUM & ASSOCIATES, INC.


By  /s/ Murray A. Indick              By  /s/ Murray A. Indick
    -------------------------------       -----------------------------------
    Murray A. Indick                      Murray A. Indick
    Managing Director                     Managing Director, General Counsel
    and General Counsel                   and Secretary




                                      /s/ Murray A. Indick
                                      ---------------------------------------
                                      RICHARD C. BLUM

                                      By  Murray A. Indick, Attorney-in-Fact