-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001209191-04-024416.txt : 20040507
<SEC-HEADER>0001209191-04-024416.hdr.sgml : 20040507
<ACCEPTANCE-DATETIME>20040507145641
ACCESSION NUMBER:		0001209191-04-024416
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040505
FILED AS OF DATE:		20040507

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IMATION CORP
		CENTRAL INDEX KEY:			0001014111
		STANDARD INDUSTRIAL CLASSIFICATION:	MAGNETIC & OPTICAL RECORDING MEDIA [3695]
		IRS NUMBER:				411838504
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1 IMATION PL
		CITY:			OAKDALE
		STATE:			MN
		ZIP:			55128
		BUSINESS PHONE:		6517044000

	MAIL ADDRESS:	
		STREET 1:		1 IMATION PLACE
		CITY:			OAKDALE
		STATE:			MN
		ZIP:			55128

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	3M INFORMATION PROCESSING INC
		DATE OF NAME CHANGE:	19960619

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LEMAY RONALD T
		CENTRAL INDEX KEY:			0001104293

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14310
		FILM NUMBER:		04788736

	BUSINESS ADDRESS:	
		STREET 1:		OCTOBER CAPITAL, LLC
		STREET 2:		444 W. 47TH STREET, SUITE 320
		CITY:			KANSAS CITY
		STATE:			MO
		ZIP:			64112
		BUSINESS PHONE:		000.000.0000

	MAIL ADDRESS:	
		STREET 1:		3311 EAST OLD SHAKOPEE ROAD
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55425
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bmn85290_bmn2rtl.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-05-05</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001014111</issuerCik>
        <issuerName>IMATION CORP</issuerName>
        <issuerTradingSymbol>IMN</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001104293</rptOwnerCik>
            <rptOwnerName>LEMAY RONALD T</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>IMATION CORP.</rptOwnerStreet1>
            <rptOwnerStreet2>1 IMATION PLACE</rptOwnerStreet2>
            <rptOwnerCity>OAKDALE</rptOwnerCity>
            <rptOwnerState>MN</rptOwnerState>
            <rptOwnerZipCode>55128</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2004-05-06</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>321</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>39.50</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3579</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Options</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>39.45</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2004-05-05</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>10000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>39.45</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2005-05-04</value>
            </exerciseDate>
            <expirationDate>
                <value>2014-05-05</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>10000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>10000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <ownerSignature>
        <signatureName>Jennifer A. Tenenbaum as Power of Attorney for Ronald T. LeMay</signatureName>
        <signatureDate>2004-05-07</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----