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): MAY 30, 2006

                                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

            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:

[ ] Written communications pursuant to Rule 425 under the Securities 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))







ITEM 2.02.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION

         See Item 7.01. "Regulation FD Disclosure" below.

ITEM 7.01.  REGULATION FD DISCLOSURE

         The following information is being furnished under Item 7.01.
"Regulation FD Disclosure."

         On January 30, 2004, Solutia Inc.'s wholly owned subsidiary,
Solutia Europe S.A./N.V. ("SESA"), restructured its then (euro) 200 million,
10.00 percent Euro Notes ("Euronotes"), due in 2008. Pursuant to Section
9(m) of the amended and restated Terms and Conditions of the Euronotes,
contained in Schedule 1 to the Fiscal Agency Agreement, as further amended
by Amendment No. 1 to the Fiscal Agency Agreement and Terms and Conditions
of Notes (dated as of November 9, 2004), SESA agreed to certain financial
reporting requirements including, among other things, filing quarterly
consolidating and consolidated financial statements, absent footnotes, of
SESA and its subsidiaries with the Securities and Exchange Commission
("SEC") on Form 8-K within 60 days after each quarter end, or 110 days after
the fourth fiscal quarter, commencing with the quarter ended March 31, 2004
(referred to hereafter as "Financial Statements") and to include in each
such Form 8-K a narrative discussion and analysis in reasonable detail of
the business, financial condition, results of operations and liquidity of
SESA and its subsidiaries as of the end of such fiscal quarter (and, in the
case of the fourth quarter, for the fiscal year), together with a brief
description of the material developments in the business of SESA and its
subsidiaries over such fiscal period.

         The unaudited Financial Statements and Management's Discussion and
Analysis of Financial Condition and Results of Operations contained in
Exhibits 99.1 and 99.2, respectively, satisfy these reporting requirements
for the quarter ended March 31, 2006. The Financial Statements include
consolidated and consolidating balance sheets, consolidated and
consolidating statements of operations and consolidated and consolidating
statements of cash flows for SESA and its subsidiaries, each as of and for
the quarters ended March 31, 2006 and March 31, 2005, respectively. The
Financial Statements include the accounts of SESA and its subsidiaries and
all significant intercompany transactions, and balances have been eliminated
in consolidation. These Financial Statements should be read in conjunction
with the audited financial statements and notes to consolidated financial
statements included in the Solutia Inc. 2005 Annual Report on Form 10-K,
filed with the SEC on March 15, 2006. Management's Discussion and Analysis
of Financial Condition and Results of Operations includes a comparison of
the first quarter 2006 with the first quarter 2005. This Management's
Discussion and Analysis of Financial Condition and Results of Operations
disclosure is being provided solely to satisfy SESA's contractual obligation
noted above and is not intended to, nor does the disclosure fully satisfy
all the requirements of a Management's Discussion and Analysis of Financial
Condition and Results of Operations disclosure under U.S. securities law.

         The unaudited Financial Statements included in Exhibit 99.1 to this
Form 8-K have been prepared in accordance with accounting principles
generally accepted in the United States of America and are presented in U.S.
dollars. In addition, the Financial Statements reflect all adjustments that,
in the opinion of management, are necessary to present fairly the financial
position, results of operations, and cash flows for the interim periods
reported. Such adjustments are of a normal, recurring nature. The results of
operations for the quarter ended March 31, 2006 are not necessarily
indicative of the results to be expected for the full year.

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ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS

         (c) The following exhibits are included in this Report:

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

99.1               Unaudited consolidated and consolidating financial
                   statements of SESA and its subsidiaries

99.2               Management's Discussion and Analysis of Financial Condition
                   and Results of Operations

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                                 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
                                                -----------------------------
                                                Senior Vice President,
                                                General Counsel and Secretary

DATE: May 30, 2006

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                                EXHIBIT INDEX

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

99.1               Unaudited consolidated and consolidating financial
                   statements of SESA and its subsidiaries

99.2               Management's Discussion and Analysis of Financial Condition
                   and Results of Operations


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