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: October 24, 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      (Commission File Number)     (IRS Employer
     of 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") and a
         Disclosure Statement with respect to the Third Amended Plan.

On October 24, 2003, the Proponents  filed with the Court a Fourth Amended Joint
Plan Of  Reorganization  For  Owens  Corning  And  Its  Affiliated  Debtors  And
Debtors-In-Possession  (the "Fourth Amended Plan"). A copy of the Fourth Amended
Plan is being  filed as  Exhibit  2 to this  Current  Report  on Form 8-K and is
incorporated by reference herein.

Also on October 24,  2003,  the  Proponents  filed a Disclosure  Statement  with
respect to the Fourth Amended Plan (the "Third Amended Disclosure Statement"). A
copy of the Third Amended  Disclosure  Statement is being filed as Exhibit 99 to
this Current Report on Form 8-K and is  incorporated  by reference  herein.  The
Third 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  Third  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             Fourth Amended Joint Plan Of Reorganization For Owens Corning
                  And Its Affiliated Debtors And Debtors-In-Possession

   99             Disclosure Statement With Respect To Fourth 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:  October 24, 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             Fourth Amended Joint Plan Of Reorganization For Owens Corning
                  And Its Affiliated Debtors And Debtors-In-Possession

   99             Disclosure Statement With Respect To Fourth 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": "03957443"}, "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: October 24, 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      (Commission File Number)     (IRS Employer
     of 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") and a
         Disclosure Statement with respect to the Third Amended Plan.

On October 24, 2003, the Proponents  filed with the Court a Fourth Amended Joint
Plan Of  Reorganization  For  Owens  Corning  And  Its  Affiliated  Debtors  And
Debtors-In-Possession  (the "Fourth Amended Plan"). A copy of the Fourth Amended
Plan is being  filed as  Exhibit  2 to this  Current  Report  on Form 8-K and is
incorporated by reference herein.

Also on October 24,  2003,  the  Proponents  filed a Disclosure  Statement  with
respect to the Fourth Amended Plan (the "Third Amended Disclosure Statement"). A
copy of the Third Amended  Disclosure  Statement is being filed as Exhibit 99 to
this Current Report on Form 8-K and is  incorporated  by reference  herein.  The
Third 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  Third  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             Fourth Amended Joint Plan Of Reorganization For Owens Corning
                  And Its Affiliated Debtors And Debtors-In-Possession

   99             Disclosure Statement With Respect To Fourth 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:  October 24, 2003                   By:  /s/ Stephen K. Krull
                                               -------------------------------
                                               Name:   Stephen K. Krull
                                               Title:  Senior Vice President,
                                                       General Counsel and
                                                       Secretary
EXHIBIT INDEX

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

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

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