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                                  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): JANUARY 14, 2004
                                                        (January 12, 2004)



                            BAKER HUGHES INCORPORATED
               (Exact name of registrant as specified in charter)



        DELAWARE                      1-9397                    76-0207995
(State of Incorporation)        (Commission File No.)        (I.R.S. Employer
                                                            Identification No.)


    3900 ESSEX LANE, HOUSTON, TEXAS                                77027
(Address of Principal Executive Offices)                         (Zip Code)


       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (713) 439-8600


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ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
         (Information  furnished in this Item 7 is furnished pursuant to
         Item 12.)

(c)      Exhibits.

           99.1  -  Press Release of Baker Hughes Incorporated dated
                    January 12, 2004.

ITEM 12.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On January 12, 2004, the Company issued a press release, a copy of which is
furnished with this Form 8-K as Exhibit 99.1 and incorporated into this Item 12
by reference. In accordance with General Instructions B.6. of Form 8-K, the
information shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated
by reference in any filing under the Securities Act of 1933, as amended, except
as shall be expressly set forth by specific reference in such a filing.


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                                    SIGNATURE

         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.



                                               BAKER HUGHES INCORPORATED



Dated:  January 14, 2004                       By:  /s/Sandra E. Alford
                                                    ---------------------------
                                                    Sandra E. Alford
                                                    Corporate Secretary


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                                                                   EXHIBIT 99.1


                                INDEX TO EXHIBIT


Exhibit No.             Description
- -----------             -----------

  99.1          -       Press Release of Baker Hughes Incorporated dated
                        January 12, 2004.


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