8-K

                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 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) June 29, 2004

                               TRUSERV CORPORATION
             (Exact Name of Registrant as Specified in Its Charter)

                                    DELAWARE
                 (State or Other Jurisdiction of Incorporation)

                  2-20910                                 36-2099896
         (Commission File Number)           (I.R.S. Employer Identification No.)

    8600 WEST BRYN MAWR AVENUE, CHICAGO, ILLINOIS            60631-3505
       (Address of Principal Executive Offices)              (Zip Code)

                                  773-695-5000
              (Registrant's Telephone Number, Including Area Code)

                                 Not Applicable
          (Former Name or Former Address, if Changed Since Last Report)







Item 5. Other Events.

TruServ Corporation issued the attached press release announcing the lifting of
the moratorium on its stock redemptions.

Matters discussed in the attached press release may contain forward-looking
statements within the meaning of the safe-harbor provisions of the Securities
Exchange Act of 1934. These forward-looking statements are subject to various
risks and uncertainties. Actual results may vary materially from the
expectations contained therein. The factors that could cause actual results to
differ materially from the projections, forecasts, estimates and expectations
discussed therein may include factors that are beyond the company's ability to
control or estimate precisely, such as the ultimate requirements of the
company's lenders, projections about the efficiencies that may be achieved by
the company's initiatives, expectations about member response to the company
initiatives, estimates of future market conditions in the hardware industry, the
behavior of other market participants in the industry and the actions and
economic conditions in the service territories of the company's members. Other
risk factors are detailed from time to time in the company's SEC reports.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as to the date of this document. The company does
not undertake any obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after the date of
this letter.

Item 7. Exhibit

99.1     Press release, dated June 29, 2004


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 hereunto duly authorized.


                                  TRUSERV CORPORATION
                                  (Registrant)




Date: June 30, 2004               By /s/ David A. Shadduck
                                  ----------------------------------
                                  Name: David A. Shadduck
                                  Title: Senior Vice President and
                                    Chief Financial Officer



                                      -2-

EX-99.1

                                                                    Exhibit 99.1

                                 [TRUSERV LOGO]

                                  PRESS RELEASE

                                             For more information, contact:
                                             Elizabeth Higgins
                                             TruServ Corporation
                                             (773) 695-5256/ehiggins@truserv.com


                  TruServ Lifts Moratorium on Stock Redemptions

         CHICAGO, June 29, 2004-- TruServ Corporation announced that its Board
of Directors has today voted to lift the moratorium on stock redemptions
effective July 6, 2004. At its annual shareholders' meeting on March 28, 2004,
there was an announcement of a conditional lift to become effective July 6,
2004. Due to improving financial conditions, the Board of Directors concluded
that the capital of the corporation is no longer impaired and TruServ
Corporation can resume redemption payments to shareholders. Since March 2000,
TruServ Corporation had suspended redeeming the stock investments of
shareholders who terminated their relationship with the cooperative following
significant financial losses in 1999.

         TruServ Corporation's Chairman Bryan Ableidinger and President and
Chief Executive Officer Pamela Forbes Lieberman jointly stated, "This is an
additional important step in the turnaround of TruServ Corporation. There no
longer is an impairment of our capital that prevents TruServ Corporation from
redeeming shares of former members that have chosen to leave our cooperative.
More importantly, earlier this quarter, our cooperative resumed issuing stock to
new members who want to join the cooperative."

         On July 6, 2004, TruServ Corporation will commence processing the
requests of shareholders that had asked to redeem their stock investments in the
cooperative. As of May 29, 2004, the deferred stock redemption liability totaled
$36 million of which approximately $8 million is payable in cash and the
remainder is payable in the form of an installment note, with the first
installment payable in cash in December 2004. These redemption mechanics are in
accordance with the terms of TruServ Corporation's bylaws. The cooperative
expects to process most redemption requests within 30 days of July 6, 2004.

         The resumption of stock issuance to new members is the result of the
Securities and Exchange Commission declaring TruServ Corporation's registration
statement effective April 30, 2004, which allowed TruServ Corporation to once
again issue its Class A stock to new members.

         TruServ, headquartered in Chicago, is one of the world's largest
member-owned hardware cooperatives with annual sales of $2 billion in 2003. The
TruServ cooperative includes approximately 6,100 independent retailers worldwide
operating under store identities that include True Value, Grand Rental Station,
Party Central, Taylor Rental, Home & Garden Showplace and Induserve Supply.
Additional information on TruServ and its retail identities is available at
www.truserv.com.