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<p class=MsoNormal align=center style='text-align:center'><b>UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
WASHINGTON, DC&nbsp; 20549</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>FORM 8-K</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>CURRENT REPORT</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>

<p class=MsoNormal align=center style='text-align:center'>PURSUANT TO SECTION
13 OR 15(d) OF THE<br>
&nbsp;SECURITIES EXCHANGE ACT OF 1934</p>

<p class=MsoNormal align=center style='text-align:center'><b>Date of
Report:&nbsp; January 28, 2004</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>&nbsp;&nbsp;<u>CUMMINS
INC.<br>
</u></b>(Exact name of registrant as specified in its charter)</p>

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  <p class=MsoNormal align=center style='text-align:center'><b>Indiana<br>
  </b>(State or other Jurisdiction of<br>
  Incorporation)</p>
  </td>
  <td width=231 valign=top style='width:172.9pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><b>1-4949<br>
  </b>(Commission File Number)</p>
  </td>
  <td width=245 valign=top style='width:183.4pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><b>35-0257090<br>
  </b>(I.R.S. Employer Identification<br>
  &nbsp;No.)</p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center'><b>500 Jackson Street<br>
P. O. Box 3005<br>
Columbus, IN&nbsp; 47202-3005<br>
(Principal Executive Office)&nbsp; (Zip Code)</b></p>

<p class=MsoNormal align=center style='text-align:center'>Registrant's
telephone number, including area code:&nbsp; (<b>812) 377-5000</b></p>









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<p class="MsoNormal" align="center">&nbsp;</p>

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<p>Page 2</p>

<p class=MsoNormal><b>Item 7.&nbsp;&nbsp;Financial Statements and Exhibits</b></p>

<p class=MsoNormal><b>&nbsp;</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;( c
)&nbsp;&nbsp;Exhibits.</p>

<p class=MsoNormal>99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press
release dated January 27, 2004.</p>

<p class=MsoNormal><b>Item 12.&nbsp;&nbsp;Results of Operations and Financial
Condition</b></p>

<p class=MsoNormal>On Tuesday January 27, 2004, Cummins Inc. issued a press
release announcing its earnings for the fourth quarter and full-year ending
December 31, 2003.</p>

<p class=MsoNormal><b>&nbsp;</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>&nbsp;SIGNATURE</b></p>

<p class=MsoNormal>Pursuant to the requirements of the Securities Exchange act
of 1934, as amended, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.</p>

<p class=MsoNormal>Date:&nbsp;&nbsp;January 28, 2004</p>

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  <p class=MsoNormal>Cummins Inc.</p>
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 </tr>
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  <td width=225 valign=top style='width:168.95pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><b>&nbsp;</b></p>
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  <td width=388 valign=top style='width:290.7pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><b>&nbsp;</b></p>
  <p class=MsoNormal>By:&nbsp;/s/ Susan K. Carter<br>
  ______________________________</p>
  <p class=MsoNormal>Susan K. Carter<br>
  Vice President - Finance<br>
  and Chief Accounting Officer</p>
  </td>
  <td style='padding:0in 0in 0in 0in'>

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{"company-data": {"conformed-name": "CUMMINS INC", "cik": "0000026172", "assigned-sic": "3510", "irs-number": "350257090", "state-of-incorporation": "IN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-04949", "film-number": "04549967"}, "business-address": {"street1": "500 JACKSON ST", "street2": "BOX 3005 MAIL CODE 60207", "city": "COLUMBUS", "state": "IN", "zip": "47202-3005", "phone": "8123773259"}, "mail-address": {"street1": "BOX 3005 MAIL CODE 60207", "city": "COLUMBUS", "state": "IN", "zip": "47202-3005"}, "former-company": {"former-conformed-name": "CUMMINS ENGINE CO INC", "date-changed": "19920703"}}
Prepared by E-Services - www.edgar2.net
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:  January 28, 2004
CUMMINS
INC.
(Exact name of registrant as specified in its charter)
Indiana
(State or other Jurisdiction of
Incorporation)
1-4949
(Commission File Number)
35-0257090
(I.R.S. Employer Identification
No.)
500 Jackson Street
P. O. Box 3005
Columbus, IN  47202-3005
(Principal Executive Office)  (Zip Code)
Registrant's
telephone number, including area code:  (
812) 377-5000
Page 2
Item 7.  Financial Statements and Exhibits
( c
)  Exhibits.
99.1         Press
release dated January 27, 2004.
Item 12.  Results of Operations and Financial
Condition
On Tuesday January 27, 2004, Cummins Inc. issued a press
release announcing its earnings for the fourth quarter and full-year ending
December 31, 2003.
SIGNATURE
Pursuant to the requirements of the Securities Exchange act
of 1934, as amended, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
Date:  January 28, 2004
Cummins Inc.
By: /s/ Susan K. Carter
______________________________
Susan K. Carter
Vice President - Finance
and Chief Accounting Officer