W.R. Grace & Co. (GRA) 8-K Results of Operations and Financial Condition

                                  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 (Date of earliest event reported) APRIL 20, 2005
                                                          --------------


                                W. R. GRACE & CO.
- --------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)

                                    DELAWARE
- --------------------------------------------------------------------------------
                 (State or Other Jurisdiction of Incorporation)

              1-13953                                 65-0773649
- --------------------------------------------------------------------------------
     (Commission File Number)              (IRS Employer Identification No.)

              7500 GRACE DRIVE
             COLUMBIA, MARYLAND                                  21044
- --------------------------------------------------------------------------------
  (Address of Principal Executive Offices)                    (Zip Code)

                                 (410) 531-4000
- --------------------------------------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)


- --------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

     [ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

     [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)

     [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

     [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))




                                W. R. GRACE & CO.

                                    FORM 8-K
                                 CURRENT REPORT




Item 2.02. Results of Operations and Financial Condition.

     On April 20, 2005, W. R. Grace & Co. issued a press release announcing its
financial results for the quarter ended March 31, 2005. A copy of the press
release is attached as Exhibit 99.1.


Item 9.01. Financial Statements and Exhibits

     (c) Exhibits

         99.1  Press release issued by W. R. Grace & Co. announcing financial
               results for the 2005 first quarter





                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed by the undersigned,
thereunto duly authorized.

                                                       W. R. GRACE & CO.
                                                --------------------------------
                                                         (Registrant)



                                               By /s/ Mark A. Shelnitz
                                                  -------------------------
                                                      Mark A. Shelnitz
                                                         Secretary

Dated: April 22, 2005