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 16, 2003

                                SOLUTIA INC.
                                ------------
           (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

                                  DELAWARE
                                  --------
                          (STATE OF INCORPORATION)

            001-13255                                  43-1781797
            ---------                                  ----------
            (COMMISSION                                (IRS EMPLOYER
            FILE NUMBER)                               IDENTIFICATION NO.)



575 MARYVILLE CENTRE DRIVE, P.O. BOX 66760, ST. LOUIS, MISSOURI     63166-6760
- ---------------------------------------------------------------     ----------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                            (ZIP CODE)


                               (314) 674-1000
                               --------------
             REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE






ITEM 5.  OTHER EVENTS.

         On October 16, 2003, Solutia issued a press release announcing that
it has initiated discussions with its bondholders concerning a restructuring
of the Company's debt and obligations. A copy of the press release is filed
as an exhibit to this report and is incorporated here by reference.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

         (c) Exhibit 99 listed below is filed as part of this report.

Exhibit Number                           Description
- --------------                           -----------

99                 Press Release dated October 16, 2003, issued by Solutia Inc.
                   announcing initiation of restructuring discussions












                                 SIGNATURES

     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, THEREUNTO DULY AUTHORIZED.

                                                   SOLUTIA INC.
                                             ----------------------------------
                                                   (Registrant)

                                                   /s/ Rosemary L. Klein
                                             ----------------------------------
                                                   Assistant Secretary

DATE: OCTOBER 22, 2003