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<B><P ALIGN="CENTER"><font face="Courier New" size="1">SECURITIES AND EXCHANGE COMMISSION<br>
Washington, D.C.  20549<br>
<br>
<br>
FORM 8-K<br>
<br>
CURRENT REPORT</font></P>
<P ALIGN="CENTER"><font face="Courier New" size="1">PURSUANT TO SECTION 13 OR 15(d) OF THE<br>
SECURITIES EXCHANGE ACT OF 1934</font></P>
</B>
<P ALIGN="JUSTIFY"><font size="1" face="Courier New">Date of Report (Date of earliest event reported)&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font size="1" face="Courier New">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Courier New" size="2">March 16, 2005</font><font size="1" face="Courier New">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<br>
<br>
</font></u><font size="1" face="Courier New">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u></font><b><font face="Courier New" size="2">
<U>LSB INDUSTRIES, INC.</U></font></b><font size="1" face="Courier New"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u><br>
</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<font size="1" face="Courier New">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Exact name of registrant as specified in its charter)</font></P>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH=599 style="border-collapse: collapse" bordercolor="#111111" height="55">
<TR><TD WIDTH="244" VALIGN="TOP" height="16">
<U><P ALIGN="center">     <font face="Courier New" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;     Delaware&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;     <FONT COLOR="#ffffff">.</FONT></font></U></TD>
<TD WIDTH="190" VALIGN="TOP" height="16">
<P ALIGN="center">     <font face="Courier New" size="1">     <U>       &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;       1-7677&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;        <FONT COLOR="#ffffff">.</FONT></U></font></TD>
<TD WIDTH="191" VALIGN="TOP" height="16">
<P ALIGN="center">            <font face="Courier New" size="1">            <U>       &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;       73-1015226&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U>
</font></TD>
</TR>
<TR><TD WIDTH="244" VALIGN="TOP" height="39">
<P align="center"><font face="Courier New" size="1">(State or other jurisdiction
<br>
of&nbsp; incorporation)</font></TD>
<TD WIDTH="190" VALIGN="TOP" height="39">

<P ALIGN="left"><font face="Courier New" size="1">&nbsp; (Commission File&nbsp; Number)</font></TD>
<TD WIDTH="191" VALIGN="TOP" height="39">

<P ALIGN="center"><font face="Courier New" size="1">(IRS Employer <br>
Identification No.)</font></TD>
</TR>
</TABLE>

<U>
<blockquote>
  <blockquote>
    <P ALIGN="JUSTIFY"><font face="Courier New" size="1">16 South Pennsylvania Avenue, Oklahoma City, Oklahoma</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73107&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
    </U>
</font><font face="Courier New" size="1">(Address of principal executive offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Zip Code)</font></P>
  </blockquote>
</blockquote>
<P ALIGN="JUSTIFY"><font size="1" face="Courier New">Registrant's telephone number, including area code:
</font> <U> <font size="1" face="Courier New">(405) 235-4546 </font>
</U> </P>
<P ALIGN="left"><font face="Courier New" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Not applicable&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</U>
</font>
<font face="Courier New" size="1"><u><br>
</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Former name or former address, if changed since last report)<br>
<br>
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing
<br>
obligation of the registrant under any of the following provisions:</font></P>
<DIR>
<DIR>

<P ALIGN="JUSTIFY"><font face="Courier New" size="1">| __ |Written communications pursuant to Rule 425 under the Securities Act</font></P>
<P ALIGN="JUSTIFY"><font face="Courier New" size="1">| __ |Soliciting material pursuant to Rule 14a-12 under the Exchange Act</font></P>
<P ALIGN="JUSTIFY"><font face="Courier New" size="1">| __ |Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act</font></P>
<P ALIGN="JUSTIFY"><font face="Courier New" size="1">| __ |Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act</font></P>
</DIR>
</DIR>

<B><P ALIGN="JUSTIFY"><font face="Courier New" size="1">Section 1 -Registrant's Business and Operations<br>
<br>
Item 1.01.  Entry into a Material Definitive Agreement<br>
<br>
</font>
</B><font face="Courier New" size="1">On March 16, 2005, a wholly-owned subsidiary of LSB Industries, Inc. (the &quot;Company&quot;), El Dorado Chemical Company (&quot;EDC&quot;), entered into a new Anhydrous Ammonia Sales Agreement, dated effective January 3, 2005 (the &quot;Agreement&quot;), with Koch Nitrogen Company and Koch Nitrogen International Sarl (together, &quot;Koch&quot;).  The Agreement describes the terms and conditions under which EDC shall purchase from Koch 100% of the anhydrous ammonia required by EDC for processing at EDC's El Dorado, Arkansas chemical processing facility, subject to certain limited exceptions.  Anhydrous ammonia is the primary raw material for the chemical products manufactured and sold by EDC.  The Agreement supersedes a previous sales agreement, dated January 4, 2004, between El Dorado and Koch
Nitrogen Company, which terminated pursuant to its terms on December 31, 2004.</font></P>
<U>
<B><P ALIGN="CENTER"><font face="Courier New" size="1">SIGNATURES</font></P>
</B></U>
<P ALIGN="JUSTIFY"><font face="Courier New" size="1">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.<br>
<br>
Dated:  March 21, 2005.</font></P>

<P ALIGN="JUSTIFY"><font face="Courier New" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LSB INDUSTRIES, INC.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:</font><U><font size="1" face="Courier New">
/s/&nbsp; Tony M. Shelby&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
</font>
</U><font face="Courier New" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tony M. Shelby, <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Senior Vice President and <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Chief Financial Officer</font></P>
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{"company-data": {"conformed-name": "LSB INDUSTRIES INC", "cik": "0000060714", "assigned-sic": "2810", "irs-number": "731015226", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-07677", "film-number": "05694214"}, "business-address": {"street1": "16 S PENNSYLVANIA", "city": "OKLAHOMA CITY", "state": "OK", "zip": "73101", "phone": "4052354546"}, "mail-address": {"street1": "16 SOUTH PENNSYLVANIA", "city": "OKLAHOMA", "state": "OK", "zip": "73101"}}
SECURITIES AND EXCHANGE COMMISSION
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)
March 16, 2005
LSB INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Delaware
.
1-7677
.
73-1015226
(State or other jurisdiction
of  incorporation)
(Commission File  Number)
(IRS Employer
Identification No.)
16 South Pennsylvania Avenue, Oklahoma City, Oklahoma
73107
(Address of principal executive offices)                         (Zip Code)
Registrant's telephone number, including area code:
(405) 235-4546
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
| __ |Soliciting material pursuant to Rule 14a-12 under the Exchange Act
| __ |Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
| __ |Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Section 1 -Registrant's Business and Operations
Item 1.01.  Entry into a Material Definitive Agreement
On March 16, 2005, a wholly-owned subsidiary of LSB Industries, Inc. (the "Company"), El Dorado Chemical Company ("EDC"), entered into a new Anhydrous Ammonia Sales Agreement, dated effective January 3, 2005 (the "Agreement"), with Koch Nitrogen Company and Koch Nitrogen International Sarl (together, "Koch").  The Agreement describes the terms and conditions under which EDC shall purchase from Koch 100% of the anhydrous ammonia required by EDC for processing at EDC's El Dorado, Arkansas chemical processing facility, subject to certain limited exceptions.  Anhydrous ammonia is the primary raw material for the chemical products manufactured and sold by EDC.  The Agreement supersedes a previous sales agreement, dated January 4, 2004, between El Dorado and Koch
Nitrogen Company, which terminated pursuant to its terms on December 31, 2004.
SIGNATURES
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.
Dated:  March 21, 2005.
LSB INDUSTRIES, INC.
By:
/s/  Tony M. Shelby
Tony M. Shelby,
Senior Vice President and
Chief Financial Officer