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PROSPECTUS SUPPLEMENT TO                        Filed Pursuant to Rule 424(b)(3)
PROSPECTUS DATED JANUARY 21, 1998                         SEC File No. 333-43823


                2,400,000 TRUST CONVERTIBLE PREFERRED SECURITIES
                              LOMAK FINANCING TRUST
                  5 3/4% TRUST CONVERTIBLE PREFERRED SECURITIES
           (Liquidation Amount $50 Per Convertible Preferred Security)
                  Guaranteed to the Extent Set Forth Herein by
                           Range Resources Corporation
                                       and
                           RANGE RESOURCES CORPORATION
                        5,660,484 SHARES OF COMMON STOCK

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            The Date of this Prospectus Supplement is August 31, 1998

          =============================================================

         The following information supplements the Prospectus dated January 21,
1998 relating to the offering of up to 2,400,000 5 3/4% Trust Convertible
Preferred Securities (the "Convertible Preferred Securities") of Lomak Financing
Trust, a statutory business trust formed under the laws of the state of
Delaware, and 5,660,484 shares of Common Stock, $.01 par value per share (the
"Common Stock"), of Range Resources Corporation, a Delaware corporation, from
time to time by certain holders of Common Stock and/or Convertible Preferred
Securities (the "Selling Securityholders").

         The Prospectus is supplemented with the following information to be
added under the heading "Selling Securityholders":

Common Stock (1) Convertible Preferred Securities ------------------------------------ ---------------------------------- Number of Number of Number Shares Number of Percent of Shares of Percent o Beneficially Shares Class After Beneficially Shares Class After SELLING SECURITYHOLDER Owned Offered Offering Owned Offered Offering ---------------------- ----- ------- -------- ----- ------- --------- Kornitzer Capital Management Old United Life Insurance Company 8500 Shawnee Mission Parkway Merrian, Kansas 66202 8,510 8,510 - 4,000 4,000 - Diversified Investment Advisers Collective Trust Carillon Parkway St. Petersburg, Florida 33733 851 851 - 400 400 - Jackson National Life 880 Carillon Parkway St. Petersburg, Florida 33733 1,702 1,702 - 800 800 - Security Insurance Company of Hartford c/o Orion Capital 600 Fifth Avenue New York, New York 10020 21,276 21,276 - 10,000 10,000 -
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Common Stock (1) Convertible Preferred Securities ------------------------------------ ----------------------------------- Number of Number of Number Shares Number of Percent of Shares of Percent of Beneficially Shares Class After Beneficially Shares Class After SELLING SECURITYHOLDER Owned Offered Offering Owned Offered Offering ---------------------- ----- ------- -------- ----- ------- ---------- Chase Manhattan as Trustee for IBM Retirement Plan dated December 18, 1945 One Bridge Plaza Fort Lee, New Jersey 07024 65,531 65,531 - 30,800 30,800 - Bankers Trust Trustee for Chrysler Corporation Employee #1 Pension Plan dated April 1, 1989 One Bridge Plaza Fort Lee, New Jersey 07024 38,510 38,510 - 18,100 18,100 - State Street Bank Custodian For GE Pension Trust One Bridge Plaza Fort Lee, New Jersey 07024 20,638 20,638 - 9,700 9,700 - Franklin and Marshall College One Bridge Plaza Fort Lee, New Jersey 07024 2,978 2,978 - 1,400 1,400 - Key Asset Management Incorporated As Agent for Victory Convertible Securities Fund 127 Public Square Cleveland, Ohio 44114 42,553 42,553 - 20,000 20,000 - Alpine Partners L.P. 120 Broadway, Suite 913 New York, New York 10271 23,404 23,404 - 11,000 11,000 - Medallion Program c/o Alpine Associates 120 Broadway Suite 913 New York, New York 10271 331,702 331,702 - 155,900 155,900 - Bridgerope & Co. Merrill Lynch World Income Fund 800 Scudders Mill Road 21,276 21,276 - 10,000 10,000 - Plainsboro, New Jersey 08536 Tennessee Consolidated Retirement System 500 Deadrick Street, Suite 1160 Nashville, Tennessee 37243 63,829 63,829 - 30,000 30,000 -
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Common Stock (1) Convertible Preferred Securities ------------------------------------ ----------------------------------- Number of Number of Number Shares Number of Percent of Shares of Percent of Beneficially Shares Class After Beneficially Shares Class After SELLING SECURITYHOLDER Owned Offered Offering Owned Offered Offering - ---------------------------------------- ------- ------- ------- ------- ------- ------- Merrill Lynch Convertible Securities Portfolio 800 Scudders Mill Road Plainsboro, New Jersey 08536 6,382 6,382 - 3,000 3,000 - Merrill Lynch Convertible Fund 800 Scudders Mill Road Plainsboro, New Jersey 08536 57,446 57,446 - 27,000 27,000 - The Northwestern Mutual Life 720 East Wisconsin Avenue Milwaukee, Wisconsin 53202 106,382 106,382 - 50,000 50,000 - Delaware State Employees Retirement Fund c/o Pecks Management Partners, Ltd. One Rockefeller Plaza Suite 900 New York, New York 10020 51,829 51,829 - 24,360 24,360 - ICI American Holdings Inc. c/o Pecks Management Partners, Ltd. One Rockefeller Plaza Suite 900 New York, New York 10020 15,787 15,787 - 7,420 7,420 - Zeneca Holdings Inc. c/o Pecks Management Partners, Ltd. One Rockefeller Plaza Suite 900 New York, New York 10020 10,946 10,946 - 5,145 5,145 - Christian Science Trustees for Gifts and Endowments c/o Pecks Management Partners, Ltd. One Rockefeller Plaza Suite 900 New York, New York 10020 3,776 3,776 - 1,775 1,775 - General Motors Employees Domestic Group Trust c/o Pecks Management Partners, Ltd. One Rockefeller Plaza Suite 900 New York, New York 10020 181,989 181,989 - 85,535 85,535 -
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Common Stock (1) Convertible Preferred Securities ------------------------------------ ----------------------------------- Number of Number of Number Shares Number of Percent of Shares of Percent of Beneficially Shares Class After Beneficially Shares Class After SELLING SECURITYHOLDER Owned Offered Offering Owned Offered Offering - ---------------------------------------- ------- ------- ------- ------- ------- ------- Thermo Electron Balanced Investment Fund c/o Pecks Management Partners, Ltd. One Rockefeller Plaza Suite 900 New York, New York 10020 14,095 14,095 - 6,625 6,625 - Summer Hill Global Partners L.P. c/o Pecks Management Partners, Ltd. One Rockefeller Plaza Suite 900 New York, New York 10020 1,106 1,106 - 520 520 - Hillside Capital Incorporated Corporate Account c/o Pecks Management Partners, Ltd. One Rockefeller Plaza Suite 900 New York, New York 10020 4,659 4,659 - 2,190 2,190 - First Church of Christ, Scientist Endowment c/o Pecks Management Partners, Ltd. One Rockefeller Plaza Suite 900 New York, New York 10020 3,957 3,957 - 1,860 1,860 - Putnam Convertible Income-Growth Trust c/o Putnam Investment Management, Incorporated One Post Office Square Boston, Massachusetts 02109 163,830 163,830 - 77,000 77,000 - Putnam High Income Convertible and Bond Fund c/o Putnam Investment Management, Incorporated One Post Office Square Boston, Massachusetts 02109 12,553 12,553 - 5,900 5,900 - Phoenix Convertible Fund Phoenix Investment Partners 56 Prospect Street Hartford, Connecticut 06115 106,383 106,383 - 50,000 50,000 -
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Common Stock (1) Convertible Preferred Securities ------------------------------------ ----------------------------------- Number of Number of Number Shares Number of Percent of Shares of Percent of Beneficially Shares Class After Beneficially Shares Class After SELLING SECURITYHOLDER Owned Offered Offering Owned Offered Offering - ---------------------------------------- ------- ------- ------- ------- ------- ------- Associated Electric & Gas Insurance Service Limited c/o Calamos Asset Management, Inc. 1111 E. Warrenville Road Naperville, Illinois 60563 10,638 10,638 - 5,000 5,000 - - -------------- (1) Issuable upon conversion of the 5 3/4% Convertible Preferred Securities.