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): October 5, 2000
                                                  ---------------



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


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



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



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



                                       N/A
         ---------------------------------------------------------------
          (Former name or former address, if changed since last report)






ITEM 3.  BANKRUPTCY OR RECEIVERSHIP.

                  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  (Case Nos.
00-3837  through  00-3854)  seeking relief under Chapter 11 of the United States
Bankruptcy  Code.  The Debtors  will  continue to manage  their  properties  and
operate their  businesses  as  "debtors-in-possession"  in  accordance  with the
applicable  provisions of the  Bankruptcy  Code.








                                    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.

                                            OWENS CORNING


Date: October 18, 2000                      By: /s/ Michael H. Thaman
     -----------------                         ----------------------
                                            Michael H. Thaman
                                            Senior Vice President and
                                            Chief Financial Officer