8-K

                                  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):    October 27, 2005
                                                     ----------------


                               TRUE VALUE COMPANY
         --------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


            Delaware                    2-20910                  36-2099896
            --------                    -------                 -----------
(State or other jurisdiction          (Commission              (IRS Employer
        of incorporation)             File Number)           Identification No.)


   8600 West Bryn Mawr Avenue, Chicago, Illinois           60631-3505
  -----------------------------------------------         ------------
      (Address of principal executive offices)             (Zip Code)



        Registrant's telephone number, including area code (773) 695-5000
                                                           --------------

                                 Not Applicable
              -----------------------------------------------------
         (Former name or former address, if changed since last report.)


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 (see General Instruction A.2. below):

[ ] 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 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS.

On October 27, 2005, Laurence L. Anderson tendered his resignation as a Director
of the Board and member of the Audit and Legal Committees of the Board of
Directors (the "Board") of True Value Company (the "Company"). The resignation
was not related to any disagreement between Mr. Anderson and the Company on any
matter. Mr. Anderson's term would have otherwise expired in 2006.

On October 27, 2005, the Board also appointed Richard E. George, Jr. as a new
Director of the Board, effective immediately, with a term that expires at the
2006 annual meeting of stockholders.

A copy of the Company's press release, dated November 1, 2005, which announced
the director transition is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

       (c)   Exhibits

       Exhibit No.         Description
       -----------         -----------
       99.1                Press Release, dated November 1, 2005

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.


                                         True Value Company


Date:  November 2, 2005                  By /s/ David A. Shadduck
                                         ------------------------
                                         Name:  David A. Shadduck
                                         Title: Senior Vice President and
                                                Chief Financial Officer

EX-99.1

                                                                    Exhibit 99.1

                           [TRUE VALUE COMPANY LOGO]


For Immediate Release                             For more information, contact:
November 1, 2005                                  True Value Media Relations
                                                  (312) 240-2882

                      TRUE VALUE ANNOUNCES NEW BOARD MEMBER

CHICAGO, NOVEMBER 1, 2005 - True Value Company announced today that Richard E.
George has been appointed to True Value Company's board of directors and will
stand for election at the company's next annual meeting of shareholders in March
2006. George replaces Laurence Anderson, who is retiring from the board to
pursue other commitments. Anderson served on the board from May 2002 through
October 2005.

"I want to thank Larry Anderson for his three years of dedicated service to the
co-op's board, said Bryan Ableidinger, chairman of the board. "I also want to
welcome Dick to the board. His wealth of consumer retail and financial
experience will be an invaluable asset to True Value Company."

George spent much of his distinguished career with various operations of the
Jewel Companies, Inc., a multi-billion-dollar grocery and drug store chain
headquartered in Chicago. He began with Jewel in 1962 where he rose to the
position of executive Vice President in charge of accounting, treasury, and
information systems. From 1979 to 1988 he served as president and CEO of Osco
Drug, Inc. In 1989 he founded Ulta 3 Cosmetics & Salon, Inc. and served as
initial Chairman and CEO until 1994. Most recently, George has been an active
member of Alpha Capital's CEO Advisor Group and serves as Chairman of Fund III's
CEO advisors. Additionally, he serves as a non-executive Chairman of the Board
for Factory Card & Party Outlet Corp., as well as the President and Chief
Executive Officer of R.G. Trends, Inc. George received his undergraduate and
masters degrees from the University of Illinois and is a registered CPA.


True Value Company, headquartered in Chicago, is one of the world's largest
member-owned wholesale hardware cooperatives with sales of $2 billion in 2004.
The True Value cooperative includes approximately 6,000 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 True Value and its retail identities
is available at www.truevaluecompany.com.

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        World Headquarters - 8600 W. Bryn Mawr Ave. - Chicago, Illinois
                           60631-3505 - 773.695.5000