Form: 3

Initial statement of beneficial ownership of securities

March 25, 2003

3: Initial statement of beneficial ownership of securities

Published on March 25, 2003


--------------------------
OMB APPROVAL
- -------------------------- --------------------------
OMB Number: 3235-0104
Form 3 --------------------------
Expires: January 31, 2005
- -------------------------- --------------------------
Estimated average burden
hours per response...0.5
--------------------------

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(h) of the Investment Company Act of 1940

(Print or Type Responses)

1. Name and Address of Reporting Person*
Kimco Realty Services, Inc.
(Last) (First) (Middle)

3333 New Hyde Park Road
(Street)
New Hyde Park, New York 11042-0020
(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
3/25/03*

3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)



4. Issuer Name and Ticker or Trading Symbol
Frank's Nursery & Crafts, Inc. (FNCN)

5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

/ / Director /X/ 10% Owner
/ / Officer (give title below) / / Other (specify below)

6. If Amendment, Date of Original (Month/Day/Year)



7. Individual or Joint/Group Filing (Check Applicable Line)

/X/ Form filed by One Reporting Person
/ / Form filed by More than One Reporting Person



Table I -- Non-Derivative Securities Beneficially Owned

2. Amount 3. Ownership
of Secu- Form:
rities Direct 4. Nature of
Bene- (D) or Indirect
ficially Indirect Beneficial
1. Title of Security Owned (I) Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
- -------------------------------- ------------- ------------- ----------------

Common Stock 4,311,747 D



* If the form is filed by more than one reporting person, see Instruction
5(b)(v).




Table II--Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

2. Date Exercisable 3. Title and Amount of Securities
and Expiration Date Underlying Derivative
(Month/Day/Year) Security (Instr. 4)
---------------------- -----------------------------------------------
Date Amount or
1. Title of Derivative Exercis- Expiration Title Number of
Security (Instr. 4) able Date Shares
- ---------------------------------------------- ---------- ---------- ---------------------------------- -----------

Common Stock Warrants 5/20/02 5/20/05* Common Stock 3,750,001
Common Stock Warrants 11/5/02 5/20/05* Common Stock 652,173
Common Stock Warrants 1/23/03 5/20/05* Common Stock 5,000,000


5. Ownership
Form of
Derivative
4. Conver- Securities:
sion or Direct 6. Nature of
Exercise (D) or Indirect
Price of Indirect Beneficial
1. Title of Derivative Derivative (I) Ownership
Security (Instr. 4) Security (Instr. 5) (Instr. 5)
- ---------------------------------------------- ------------- -------------- ------------

Common Stock Warrants $1.15 per share D
Common Stock Warrants $1.15 per share D
Common Stock Warrants $2.00 per share D



Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.

Explanation of Responses:

* The Common Stock Warrants may be exercised in whole or in part at any time
until the later of May 20, 2005 or the repayment or termination of a credit
facility of the Issuer arranged by the Reporting Person, under which credit
facility the Common Stock Warrants were issued.


Kimco Realty Services, Inc.


/s/ Milton Cooper March 25, 2003
- --------------------------------------- --------------------------
**Signature of Reporting Person Date
Milton Cooper
President


** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If
space is insufficient, See Instruction 6 for procedure.