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) July 30, 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 7.  Exhibit

99.1     Press release, dated July 30, 2004

Item 12. Results of Operations and Financial Condition.

TruServ Corporation issued the attached press release in connection with its
second quarter 2004 earnings.

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.


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

EX-99.1

                                                                    EXHIBIT 99.1
                               [TRU*SERV LOGO](tm)

                                EARNINGS RELEASE

                                         For more information, contact:
                                         Marie Sasso
                                         TruServ Corporation
                                         (773) 695-5489

                    TRUSERV ANNOUNCES SECOND QUARTER RESULTS
                        TruServ reports revenue increase

         CHICAGO, JULY 30, 2004 - TruServ Corporation reported today revenue of
$575.3 million for the quarter ended July 3, 2004, an increase of $2.1 million
from $573.2 million for the same period a year ago. Net margin for the quarter
was $16.9 million, versus $24.7 million a year ago. The prior year earnings
include a $7.1 million gain from the April, 2003 early termination of various
agreements related to the December 2000 sale of the company's lumber and
building materials business. Prior year earnings also included $5.2 million of
earnings related to the spring market held in the second quarter of 2003. This
year's spring market was held in the first quarter.

         TruServ Corporation reported today revenue of $1,074.7 million for the
six months ended July 3, 2004, an increase of 4.8 percent or $49.4 million from
$1,025.3 million for the same period a year ago. Approximately half of the six
month sales increase resulted from same store sales growth, the other half
primarily from additional ship days in the period. Net margin for the six month
period was $19.0 million, versus $20.8 million a year ago. The prior year margin
includes the $7.1 million gain describe above.

         President and Chief Executive Officer Pamela Forbes Lieberman said, "We
are pleased with the direction the co-op is moving. Our lift in year over year
sales, our ability to lift the stock moratorium on July 6, 2004 and our lift in
the number of new hardware store members we have signed this year, are just a
few examples of our positive momentum."

         TruServ, headquartered in Chicago, is one of the world's largest
member-owned wholesale hardware cooperatives with sales of $2.0 billion in 2003.
The TruServ cooperative includes approximately 6,100 independent retailer
locations worldwide operating under the store identities of True Value, Grand
Rental Station, Taylor Rental, Party Central, Home & Garden Showplace and
Induserve Supply. Additional information on TruServ and its retail identities is
available at www.truserv.com.

This earnings release may contain forward-looking statements that involve risks
and uncertainties. The following factors could cause results to differ
materially from management expectations as projected in such forward-looking
statements: seasonal variations, competition, risks of new business areas, the
availability and cost of real estate and construction, and changes in federal or
state legislation or regulations. Members are referred to the "Cautionary Note
Regarding Forward-Looking Statements" in the company's most recent Form 10-K,
which Note is incorporated into this news release by reference.

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