SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549


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                                    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 11, 2002
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                               POLYONE CORPORATION
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               (Exact name of registrant as specified in charter)


        Ohio                        1-16091                    34-1730488
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   (State or other                (Commission                    (I.R.S.
   jurisdiction of                File Number)                  Employer
   incorporation)                                            Identification
                                                                  No.)



 Suite 36-5000, 200 Public Square, Cleveland, Ohio             44114-2304
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       (Address of principal executive offices)                (Zip Code)


       Registrant's telephone number, including area code: (216) 589-4000
                                                           --------------

                                 Not Applicable
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         (Former name or former address, if changed since last report.)







Item 5        Other Events
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On January 11, 2002 the Registrant issued the Press Release, filed herewith as
Exhibit 99.1, announcing that it divested its 37.4 percent equity interest in
Australian Vinyl Corporation joint venture.

Item 7 (c)    Financial Statements, Pro Form Financial Information and Exhibits
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Exhibit 99.1 Press Release of January 11, 2002.


                                    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.

                                        POLYONE CORPORATION

                                        By:    /s/ Richard E. Hahn
                                               ---------------------------------
                                               Richard E. Hahn
                                               Assistant Secretary

Dated: January 16, 2002