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<title>Prepared By R.R. Donnelley Financial -- Form 8-K</title>
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<b>UNITED STATES </b></font>
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<b>SECURITIES AND EXCHANGE COMMISSION </b></font></div>

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<b>Washington D.C., 20549 </b></font></div>

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<b>Form 8-K </b></font></div> <div><font Size="1">&nbsp;</font></div>

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<b>Current Report </b></font></div>

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<b>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 </b></font></div>

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<b>Date Of Report (Date Of Earliest Event Reported):&nbsp;&nbsp;07/02/2004 </b></font></div>

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<b>RELIABILITY INC </b></font></div>

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<b>(Exact Name of Registrant as Specified in its Charter)</b></font></div>

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<b>Commission File Number:&nbsp;&nbsp;0-7092         </b></font></div>

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<div Align="center"><font Face="times New Roman" Size="3" Color="#000000"><b>TX</b></font>
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<b>(State or Other Jurisdiction of</b></font>
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<div Align="center"><font Face="times New Roman" Size="2" Color="#000000"><b>(I.R.S. Employer</b></font>
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<b>Incorporation or Organization)</b></font>
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<b>Identification No.)</b></font>
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<b>P.O. Box 218370  </b></font></div>

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<b>Houston, TX 77218-8370 </b></font>
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<b>(Address of Principal Executive Offices, Including Zip Code)</b></font>
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<b>281-492-0550 ext.203 </b></font>
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<b>(Registrant&#146;s Telephone Number, Including Area Code) </b></font>
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Items to be Included in this Report</b>
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<b>Item 5.&nbsp;&nbsp;&nbsp;&nbsp;Other events and Regulation FD Disclosure</b></font>
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The following information is being reported under Item 5 of Form 8-K: Press release, dated July 2, 2004, by Reliability Incorporated ("the Company") announcing delisting from Nasdaq National Market and application for listing on Nasdaq SmallCap Market.</font>
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<b>Signature(s) </b></font>
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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. </font>
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	&nbsp;&nbsp;&nbsp;&nbsp;RELIABILITY INC</font>
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	Date: July 02, 2004.</font>
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	By:</font>
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	/s/&nbsp;&nbsp;&nbsp;&nbsp;Carl V. Schmidt</font>
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	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carl V. Schmidt</font>
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	<div Style="margin-left:9%"><font Face="times New Roman" Size="2" Color="#000000">Chief Financial Officer, Secretary and Treasurer</font>
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<b>Exhibit Index </b></font>
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	<b>Exhibit&nbsp;No.</b></font>
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	<b>Description</b></font>
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	EX-99.1</font>
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	Press release dated July 2, 2004</font>
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{"company-data": {"conformed-name": "RELIABILITY INC", "cik": "0000034285", "assigned-sic": "3825", "irs-number": "750868913", "state-of-incorporation": "TX", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-07092", "film-number": "04897021"}, "business-address": {"street1": "16400 PARK ROW", "street2": "P O BOX 218370", "city": "HOUSTON", "state": "TX", "zip": "77218-8370", "phone": "281-492-0550"}, "former-company": {"former-conformed-name": "FAIRLANE INDUSTRIES INC", "date-changed": "19800519"}}
Prepared By R.R. Donnelley Financial -- Form 8-K
UNITED STATES
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):  07/02/2004
RELIABILITY INC
(Exact Name of Registrant as Specified in its Charter)
Commission File Number:  0-7092
TX
75-0868913
(State or Other Jurisdiction of
(I.R.S. Employer
Incorporation or Organization)
Identification No.)
P.O. Box 218370
Houston, TX 77218-8370
(Address of Principal Executive Offices, Including Zip Code)
281-492-0550 ext.203
(Registrant's Telephone Number, Including Area Code)
Items to be Included in this Report
Item 5.    Other events and Regulation FD Disclosure
The following information is being reported under Item 5 of Form 8-K: Press release, dated July 2, 2004, by Reliability Incorporated ("the Company") announcing delisting from Nasdaq National Market and application for listing on Nasdaq SmallCap Market.
Signature(s)
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.
RELIABILITY INC
Date: July 02, 2004.
By:
/s/    Carl V. Schmidt
Carl V. Schmidt
Chief Financial Officer, Secretary and Treasurer
Exhibit Index
Exhibit No.
Description
EX-99.1
Press release dated July 2, 2004