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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 AfpN9YdhE8yZ/HQRzz7IXTW4bVJatkBgDjp9lAamrpSJr9v0oWI5I5e56j+AOEGq
 33UAbHAO0hkXHq5YcJEV8w==

<SEC-DOCUMENT>0001209191-04-047692.txt : 20041006
<SEC-HEADER>0001209191-04-047692.hdr.sgml : 20041006
<ACCEPTANCE-DATETIME>20041006152553
ACCESSION NUMBER:		0001209191-04-047692
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20041005
FILED AS OF DATE:		20041006
DATE AS OF CHANGE:		20041006

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Simpson Timothy
		CENTRAL INDEX KEY:			0001305295

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06732
		FILM NUMBER:		041068208

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		9738829000

	MAIL ADDRESS:	
		STREET 1:		40 LANE ROAD
		CITY:			FAIRFIELD
		STATE:			NJ
		ZIP:			07004

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DANIELSON HOLDING CORP
		CENTRAL INDEX KEY:			0000225648
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				956021257
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		2 NORTH RIVERSIDE PLAZA
		STREET 2:		SUITE 600
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60602
		BUSINESS PHONE:		312-466-4030

	MAIL ADDRESS:	
		STREET 1:		2 NORTH RIVERSIDE PLAZA
		STREET 2:		SUITE 600
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60602

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MISSION INSURANCE GROUP INC
		DATE OF NAME CHANGE:	19900826

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MISSION EQUITIES CORP
		DATE OF NAME CHANGE:	19770921
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>boc88570-03tjs.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2004-10-05</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000225648</issuerCik>
        <issuerName>DANIELSON HOLDING CORP</issuerName>
        <issuerTradingSymbol>DHC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001305295</rptOwnerCik>
            <rptOwnerName>Simpson Timothy</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>40 LANE ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>FAIRFIELD</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07004</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Sr. VP, Gen'l Counsel &amp; Secy.</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">No securities owned</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Timothy J. Simpson</signatureName>
        <signatureDate>2004-10-05</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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