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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): OCTOBER 11, 2004



                        BINDVIEW DEVELOPMENT CORPORATION
               (Exact name of registrant as specified in charter)



                                                   
          TEXAS                     000-24677                         76-0306721
(State of Incorporation)      (Commission File No.)      (I.R.S. Employer Identification No.)



       5151 SAN FELIPE, 25TH FLOOR
             HOUSTON, TEXAS                                      77056
(Address of Principal Executive Offices)                       (Zip Code)


       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (713) 561-4000

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 Security 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))

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ITEM 7.01.  REGULATION FD DISCLOSURE.

         On October 11, 2004, BindView Development Corporation ("BindView")
issued a press release announcing, among other things, revision of its estimated
operating results for the quarter ended September 30, 2004. A copy of the press
release is filed as Exhibit 99.1 to this Current Report on Form 8-K. The
foregoing description is qualified by reference to such exhibit.

         The information furnished in this report, including the exhibit, shall
not be deemed to be incorporated by reference into any of BindView's filings
with the SEC under the Securities Act of 1933, except as shall be expressly set
forth by specific reference in any such filing, and shall not be deemed to be
"filed" with the SEC under the Securities Exchange Act of 1934.

ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

         The exhibit to this report is as follows:

                 EXHIBIT NO.               DESCRIPTION
                 -----------               -----------
                     99.1         Press Release dated October 11, 2004.


                                    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.


                                               BINDVIEW DEVELOPMENT CORPORATION



Dated:  October 12, 2004                       By:  /s/ EDWARD L. PIERCE
                                                  ------------------------------
                                                          Edward L. Pierce,
                                                     Executive Vice President
                                                    and Chief Financial Officer


                                INDEX TO EXHIBITS


Exhibit                Description
- -------                -----------
 99.1          Press Release dated October 11, 2004