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<HR SIZE="4" NOSHADE COLOR="#000000" ALIGN="left"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="5">
<B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV>
<CENTER><FONT FACE="Times New Roman Bold" SIZE="2"><B>Washington, D.C. 20549</B></FONT></CENTER>
<HR WIDTH="20%" COLOR="#000000"><DIV><FONT SIZE="1">&nbsp;</FONT></DIV>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman Bold" SIZE="5">FORM 8-K </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman Bold" SIZE="3">CURRENT REPORT </FONT></H1>

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<P ALIGN=CENTER><FONT FACE="Times New Roman Bold" SIZE="2"><B>Pursuant to Section 13
or 15(d) of the</B></FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman Bold" SIZE="2"><B>Securities Exchange Act
of 1934</B></FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman Bold" SIZE="2"><B>Date of Report: July
24, 2003</B></FONT></P>
<p><HR WIDTH="20%" COLOR="#000000"><DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<p ALIGN="center"><FONT FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>THE MCGRAW-HILL COMPANIES, INC. </B></FONT><DIV> </DIV>
<CENTER><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(Exact Name of Registrant as specified in its charter)
</B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"></DIV></CENTER>
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<TD VALIGN="top" ALIGN="center" WIDTH="31%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>New
York</B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center" WIDTH="31%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
<B>1-1023</B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center" WIDTH="31%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
<B>13-1026995</B></FONT></DIV> </TD>
</TR>
<TR>
<TD VALIGN="top" ALIGN="center" WIDTH="31%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(State or
other jurisdiction of</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">
<B>incorporation or organization)</B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center" WIDTH="31%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(Commission
File No.)</B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center" WIDTH="31%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(IRS
Employer</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Identification
No.)</B></FONT></DIV> </TD> </TR> </TABLE> </DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
<B>1221 Avenue of the Americas, New York, New York 10020 </B></FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(Address of Principal Executive Offices) (Zip Code)
</B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
<B>(212) 512-2564 </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">
<B>(Registrant&#146;s telephone number, including area code) </B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<HR SIZE="4" ALIGN="Left" NOSHADE="Noshade" COLOR="Black">

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Item
5.&nbsp;&nbsp;&nbsp;&nbsp;</B><I> <B>Other Events</B></I> </FONT></P>

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<P><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On July 22, 2003, the Registrant entered into a $575,000,000 364-Day Credit Agreement dated as of July 22,
2003, among the Registrant, the lenders listed therein, and JP Morgan Chase Bank, as administrative agent. This Credit Agreement
replaces the prior $675,000,000 364-Day Credit Agreement dated as of July 23, 2002, which prior credit agreement was terminated as
of July 22, 2003.</FONT></P>



<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">2 </FONT></DIV>


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<P ALIGN=LEFT><FONT FACE="Times New Roman Bold" SIZE="2"><B>Item
7.</B> &nbsp;&nbsp;&nbsp; <I><B>Exhibits</B></I> </FONT></P>

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     <P><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;(10)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          364-Day Credit Agreement dated as of July 22, 2003 among the Registrant, the lenders
listed therein, and JP Morgan Chase Bank, as administrative agent.
 </FONT></P>

<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">3 </FONT></DIV>


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<H1 ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="4">SIGNATURES </FONT></H1>

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<P><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused
this Form 8-K Report to be signed on its behalf by the undersigned hereunto duly
authorized. </FONT></P>

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<TD VALIGN="top" COLSPAN="3" WIDTH="43%"> <DIV><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">T<SMALL>HE</SMALL>
M<SMALL>C</SMALL>G<SMALL>RAW</SMALL>-H<SMALL>ILL</SMALL> C<SMALL>OMPANIES</SMALL>, I<SMALL>NC</SMALL>.</FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="16"> </TD> </TR>
<TR>
<TD VALIGN="top" WIDTH="3%"> <DIV STYLE="margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000">By:</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center" WIDTH="43%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/<SMALL>S</SMALL>/&nbsp;&nbsp;&nbsp;&nbsp;K<SMALL>ENNETH</SMALL>
M.
V<SMALL>ITTOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SMALL></U><SMALL></SMALL></FONT></DIV>
</TD> </TR>
<TR>
<TD> <FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" WIDTH="43%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Kenneth
M. Vittor</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Executive
Vice President and</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>General
Counsel</B></FONT></DIV> </TD> </TR>
 </TABLE> </DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman"
SIZE="2" COLOR="#000000">Dated:&nbsp;&nbsp;July 24, 2003 </FONT></DIV>
<P></P>
 <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">4 </FONT></DIV>


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<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>INDEX TO EXHIBITS </B></FONT></DIV> <DIV><FONT SIZE="+1">
&nbsp;</FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV><FONT SIZE="+1">
&nbsp;</FONT></DIV> <DIV ALIGN="center">
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<TD VALIGN="bottom" ALIGN="Center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">
<B>Exhibit&nbsp;Number</B></FONT></DIV> <HR SIZE="2" NOSHADE WIDTH="86" COLOR="#000000"></TD>
<TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD> <FONT SIZE="1">&nbsp;</FONT></TD> </TR>
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<TD HEIGHT="5"> </TD> </TR>
<TR>
<TD VALIGN="top" ALIGN="Center" WIDTH="12%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
(10) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" WIDTH="87%"> <DIV STYLE="margin-left:2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">364-Day Credit Agreement dated as of July 22, 2003 among the Registrant, the lenders
listed therein, and JPMorgan Chase Bank, as administrative agent.</FONT></DIV></TD></TR>



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<TD> <FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD> <FONT SIZE="1">&nbsp;</FONT></TD> </TR>
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<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">5 </FONT></DIV>
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{"company-data": {"conformed-name": "MCGRAW-HILL COMPANIES INC", "cik": "0000064040", "assigned-sic": "2731", "irs-number": "131026995", "state-of-incorporation": "NY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-01023", "film-number": "03800072"}, "business-address": {"street1": "1221 AVENUE OF THE AMERICAS", "city": "NEW YORK", "state": "NY", "zip": "10020", "phone": "2125122000"}, "mail-address": {"street1": "1221 AVENUE OF THE AMERICAS", "city": "NEW YORK", "state": "NY", "zip": "10020"}, "former-company": [{"former-conformed-name": "MCGRAW HILL INC", "date-changed": "19920703"}, {"former-conformed-name": "MCGRAW PUBLISHING CO", "date-changed": "19670327"}, {"former-conformed-name": "HILL PUBLISHING CO", "date-changed": "19670327"}]}
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: July
24, 2003
THE MCGRAW-HILL COMPANIES, INC.
(Exact Name of Registrant as specified in its charter)
New
York
1-1023
13-1026995
(State or
other jurisdiction of
incorporation or organization)
(Commission
File No.)
(IRS
Employer
Identification
No.)
1221 Avenue of the Americas, New York, New York 10020
(Address of Principal Executive Offices) (Zip Code)
(212) 512-2564
(Registrant's telephone number, including area code)
Item
5.
Other Events
On July 22, 2003, the Registrant entered into a $575,000,000 364-Day Credit Agreement dated as of July 22,
2003, among the Registrant, the lenders listed therein, and JP Morgan Chase Bank, as administrative agent. This Credit Agreement
replaces the prior $675,000,000 364-Day Credit Agreement dated as of July 23, 2002, which prior credit agreement was terminated as
of July 22, 2003.
2
Item
7.
Exhibits
(10)       
          364-Day Credit Agreement dated as of July 22, 2003 among the Registrant, the lenders
listed therein, and JP Morgan Chase Bank, as administrative agent.
3
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused
this Form 8-K Report to be signed on its behalf by the undersigned hereunto duly
authorized.
T
HE
M
C
G
RAW
-H
ILL
C
OMPANIES
, I
NC
.
By:
/
S
/    K
ENNETH
M.
V
ITTOR
Kenneth
M. Vittor
Executive
Vice President and
General
Counsel
Dated:  July 24, 2003
4
INDEX TO EXHIBITS
Exhibit Number
(10)
364-Day Credit Agreement dated as of July 22, 2003 among the Registrant, the lenders
listed therein, and JPMorgan Chase Bank, as administrative agent.
5