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): March 26, 2003

                                   TEAM, INC.
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             (Exact Name of Registrant as Specified in its Charter)


         Texas                           0-9950                74-1765729
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(State or Other Jurisdiction      (Commission File Number)  (I.R.S. Employer
 of Incorporation)                                          Identification No.)



                                200 Hermann Drive
                               Alvin, Texas 77511
              (Address of principal executive offices and zip code)

               Registrant's telephone number, including area code
                                 (281) 331-6154

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ITEM 5. OTHER EVENTS

On March 26, 2003, the Registrant disseminated a Press Release announcing its
earnings for the quarter ended February 28, 2003. The information contained in
the Press Release dated March 23, 2003 is incorporated herein by reference and
attached as Exhibit 99.1 hereto.

ITEM 7. FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS

(c) Exhibits.

     99.1 The Registrant's Press Release dated March 26, 2003.




                                    SIGNATURE

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 thereunto duly authorized.

                                            TEAM, INC.


                                            By:      /s/ Ted W. Owen
                                               ------------------------------
                                               Ted W. Owen
                                               Senior Vice President -
                                               Finance and Administration

Date:    March 26, 2003