Item 8.01 Other Events

Isolagen, Inc. ("Company") disclosed in its Form 10-Q for the quarter ended September 30, 2008 that it had not paid an interest payment of $1.6 million that was due on November 3, 2008. No event of default occurred with respect to the unpaid interest as the Company's related indenture agreement defines an interest payment default as a failure in the payment of any interest when it becomes due and payable, and continuance of such default for a period of 30 days. The Company has made the interest payment within the 30 day time period allotted by the indenture, and therefore is not in default with respect to the indenture.