UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC 20549


                      -----------------------------------

                                   FORM 8-K

                                Current Report
                    Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

                       ---------------------------------

                        Date of Report: August 8, 2003
                       (Date of earliest event reported)

                                 OWENS CORNING
            (Exact name of Registrant as specified in its charter)


           Delaware                     1-3660                34-4323452
(State or Other Jurisdiction of   (Commission File Number)  (IRS Employer
     Incorporation)                                         Identification No.)


                           One Owens Corning Parkway
                              Toledo, Ohio 43659
         (Address of principal executive offices, including zip code)


      Registrant's telephone number, including area code: (419) 248-8000


<PAGE>

ITEM 5.  OTHER ITEMS AND REQUIRED FD DISCLOSURE

As previously reported, on October 5, 2000, Owens Corning and certain of its
United States subsidiaries (collectively, the "Debtors") filed voluntary
petitions with the United States Bankruptcy Court for the District of Delaware
(the "Court") seeking relief under Chapter 11 of the United States Bankruptcy
Code.

Also as previously reported:

     -   On January 17, 2003, the Debtors, together with the Official
         Committee of Asbestos Claimants and the Legal Representative for the
         class of future asbestos claimants (collectively, the "Proponents"),
         filed with the Court a Joint Plan Of Reorganization For Owens Corning
         And Its Affiliated Debtors And Debtors-In-Possession.

     -   On March 28, 2003, the Proponents filed with the Court an Amended
         Joint Plan Of Reorganization For Owens Corning And Its Affiliated
         Debtors And Debtors-In-Possession (the "First Amended Plan") and a
         Disclosure Statement with respect to the First Amended Plan.

     -   On May 23, 2003, the Proponents filed with the Court a Second Amended
         Joint Plan Of Reorganization For Owens Corning And Its Affiliated
         Debtors And Debtors-In-Possession (the "Second Amended Plan") and a
         Disclosure Statement with respect to the Second Amended Plan.

On August 8, 2003, the Proponents filed with the Court a Third Amended Joint
Plan Of Reorganization For Owens Corning And Its Affiliated Debtors And
Debtors-In-Possession (the "Third Amended Plan"). A copy of the Third Amended
Plan is being filed as Exhibit 2 to this Current Report on Form 8-K and is
incorporated by reference herein.

Also on August 8, 2003, the Proponents filed a Disclosure Statement with
respect to the Third Amended Plan (the "Second Amended Disclosure Statement").
A copy of the Second Amended Disclosure Statement is being filed as Exhibit 99
to this Current Report on Form 8-K and is incorporated by reference herein.
The Second Amended Disclosure Statement has been prepared in accordance with
Section 1125 of the United States Bankruptcy Code and Rule 3016 of the Federal
Rules of Bankruptcy Procedure and not in accordance with federal or state
securities laws or other non-bankruptcy laws or regulations. The Second
Amended Disclosure Statement has not been approved by the Court and is subject
to amendment.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

(c) Exhibits.

Exhibit
Number            Description
------            -----------

    2             Third Amended Joint Plan Of Reorganization For Owens Corning
                  And Its Affiliated Debtors And Debtors-In-Possession

    99            Disclosure Statement With Respect To Third Amended Joint
                  Plan Of Reorganization For Owens Corning And Its Affiliated
                  Debtors and Debtors-In-Possession

<PAGE>

                                  SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Owens
Corning has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                            OWENS CORNING

Date:    August 8, 2003                     By: /s/ Stephen K. Krull
                                                ----------------------
                                                Name:  Stephen K. Krull
                                                Title: Senior Vice President,
                                                       General Counsel and
                                                       Secretary

<PAGE>

                                 EXHIBIT INDEX

Exhibit
Number            Description
-------           -----------

    2             Third Amended Joint Plan Of Reorganization For Owens Corning
                  And Its Affiliated Debtors And Debtors-In-Possession

    99            Disclosure Statement With Respect To Third Amended Joint
                  Plan Of Reorganization For Owens Corning And Its Affiliated
                  Debtors and Debtors-In-Possession
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{"company-data": {"conformed-name": "OWENS CORNING", "cik": "0000075234", "assigned-sic": "3290", "irs-number": "344323452", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-03660", "film-number": "03832644"}, "business-address": {"street1": "OWENS CORNING WORLD HEADQUARTERS", "street2": "ONE OWENS CORNING PKWY", "city": "TOLEDO", "state": "OH", "zip": "43659", "phone": "4192488000"}, "mail-address": {"street1": "OWENS CORNING WORLD HEADQUARTERS", "street2": "ONE OWENS CORNING PARKWAY", "city": "TOLEDO", "state": "OH", "zip": "43659"}, "former-company": {"former-conformed-name": "OWENS CORNING FIBERGLAS CORP", "date-changed": "19920703"}}
UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC 20549

                      -----------------------------------

                                   FORM 8-K

                                Current Report
                    Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

                       ---------------------------------

                        Date of Report: August 8, 2003
                       (Date of earliest event reported)

                                 OWENS CORNING
            (Exact name of Registrant as specified in its charter)

           Delaware                     1-3660                34-4323452
(State or Other Jurisdiction of   (Commission File Number)  (IRS Employer
     Incorporation)                                         Identification No.)

                           One Owens Corning Parkway
                              Toledo, Ohio 43659
         (Address of principal executive offices, including zip code)

      Registrant's telephone number, including area code: (419) 248-8000
ITEM 5.  OTHER ITEMS AND REQUIRED FD DISCLOSURE

As previously reported, on October 5, 2000, Owens Corning and certain of its
United States subsidiaries (collectively, the "Debtors") filed voluntary
petitions with the United States Bankruptcy Court for the District of Delaware
(the "Court") seeking relief under Chapter 11 of the United States Bankruptcy
Code.

Also as previously reported:

     -   On January 17, 2003, the Debtors, together with the Official
         Committee of Asbestos Claimants and the Legal Representative for the
         class of future asbestos claimants (collectively, the "Proponents"),
         filed with the Court a Joint Plan Of Reorganization For Owens Corning
         And Its Affiliated Debtors And Debtors-In-Possession.

     -   On March 28, 2003, the Proponents filed with the Court an Amended
         Joint Plan Of Reorganization For Owens Corning And Its Affiliated
         Debtors And Debtors-In-Possession (the "First Amended Plan") and a
         Disclosure Statement with respect to the First Amended Plan.

     -   On May 23, 2003, the Proponents filed with the Court a Second Amended
         Joint Plan Of Reorganization For Owens Corning And Its Affiliated
         Debtors And Debtors-In-Possession (the "Second Amended Plan") and a
         Disclosure Statement with respect to the Second Amended Plan.

On August 8, 2003, the Proponents filed with the Court a Third Amended Joint
Plan Of Reorganization For Owens Corning And Its Affiliated Debtors And
Debtors-In-Possession (the "Third Amended Plan"). A copy of the Third Amended
Plan is being filed as Exhibit 2 to this Current Report on Form 8-K and is
incorporated by reference herein.

Also on August 8, 2003, the Proponents filed a Disclosure Statement with
respect to the Third Amended Plan (the "Second Amended Disclosure Statement").
A copy of the Second Amended Disclosure Statement is being filed as Exhibit 99
to this Current Report on Form 8-K and is incorporated by reference herein.
The Second Amended Disclosure Statement has been prepared in accordance with
Section 1125 of the United States Bankruptcy Code and Rule 3016 of the Federal
Rules of Bankruptcy Procedure and not in accordance with federal or state
securities laws or other non-bankruptcy laws or regulations. The Second
Amended Disclosure Statement has not been approved by the Court and is subject
to amendment.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

(c) Exhibits.

Exhibit
Number            Description
------            -----------

    2             Third Amended Joint Plan Of Reorganization For Owens Corning
                  And Its Affiliated Debtors And Debtors-In-Possession

    99            Disclosure Statement With Respect To Third Amended Joint
                  Plan Of Reorganization For Owens Corning And Its Affiliated
                  Debtors and Debtors-In-Possession
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Owens
Corning has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                            OWENS CORNING

Date:    August 8, 2003                     By: /s/ Stephen K. Krull
                                                ----------------------
                                                Name:  Stephen K. Krull
                                                Title: Senior Vice President,
                                                       General Counsel and
                                                       Secretary
EXHIBIT INDEX

Exhibit
Number            Description
-------           -----------

    2             Third Amended Joint Plan Of Reorganization For Owens Corning
                  And Its Affiliated Debtors And Debtors-In-Possession

    99            Disclosure Statement With Respect To Third Amended Joint
                  Plan Of Reorganization For Owens Corning And Its Affiliated
                  Debtors and Debtors-In-Possession