8-K

                       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: June 28, 2005)

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

Texas                                  0-9950                        74-1765729
- ----------                           ----------                  --------------
(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 8.01 - OTHER EVENTS

On June 28, 2005, the Registrant disseminated a Press Release announcing its
inclusion in the new Russell Microcap Index. The information contained in the
Press Release dated June 28, 2005 is incorporated herein by reference and
attached as Exhibit 99.1 hereto.

ITEM 9.01 - FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS

(c) Exhibits.

     99.1 The Registrant's Press Release dated June 28, 2005.






                                    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 -
                                                  Chief Financial Officer


Date: June 28, 2005

EX-99.1

                                                                    Exhibit 99.1

Team, Inc. Included in New Russell Microcap Index

    ALVIN, Texas--(BUSINESS WIRE)--June 28, 2005--Team, Inc.,
(AMEX:TMI) today announced that the company has been included in the
new Russell Microcap(TM) Index when the Russell Investment Group
reconstituted its family of U.S. indexes on June 24. Russell recently
posted a preliminary membership list at www.russell.com/US/Indexes.
    The Russell Microcap Index is comprised of the smallest 1,000
securities in the small-cap Russell 2000(R) Index plus the next
smallest 1,000 companies, based on a ranking of all U.S. equities by
market capitalization. This new index offers managers and other
investors a comprehensive, unbiased barometer to compare their
performance against the genuine microcap marketplace of stocks.
    "We are very proud of the growth that Team has experienced over
the past several years, which has allowed us to be included in the new
Russell Microcap(TM) Index. We look forward to our continued growth
trend and inclusion in other Russell indexes along the way," said Phil
Hawk, Chairman and CEO.
    Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for both
passive and active investment strategies. More than $2.5 trillion in
assets are currently benchmarked to Russell indexes. Investment
managers who oversee these funds purchase shares of member stocks
according to that company's weighting in the particular index.
    Companies slated for the Russell Microcap were ranked as of May
31, 2005, by total market capitalization and weighted based on
free-float adjustment, an integral aspect of Russell index
methodology. Free-float adjustment means stocks are weighted by their
available market capitalization, which is calculated by multiplying
the primary closing price by the available shares.
    Team, Inc. is a professional, full-service provider of specialty
industrial services. Team's current industrial service offering
encompasses on-stream leak repair, hot tapping, fugitive emissions
monitoring, field machining, technical bolting, field valve repair,
NDE inspection and field heat treating. All these services are
required in maintaining high temperature, high pressure piping systems
and vessels utilized extensively in the refining, petrochemical,
power, pipeline, and other heavy industries. Team's inspection
services also serve the aerospace and automotive industries.
Headquartered in Alvin, Texas, the Company operates in over 50
customer service locations throughout the United States. The Company
also serves the international market through both its own
international subsidiaries as well as through licensed arrangements in
14 countries. Team, Inc. common stock is traded on the American Stock
Exchange under the ticker symbol "TMI."
    Russell, a global leader in multi-manager investment services,
provides investment products and services in more than 39 countries.
Russell manages more than $135 billion in assets and advises clients
worldwide representing $2.3 trillion. Founded in 1936, Russell is a
subsidiary of Northwestern Mutual and is headquartered in Tacoma,
Washington, with additional offices in New York, Toronto, London,
Paris, Singapore, Sydney, Auckland and Tokyo.
    Certain forward-looking information contained herein is being
provided in accordance with the provisions of the Private Securities
Litigation Reform Act. Such information is subject to certain
assumptions and beliefs based on current information known to the
Company and is subject to factors that could result in actual results
differing materially from those anticipated in the forward-looking
statements contained herein. Such factors include domestic and
international economic activity, interest rates, and market conditions
for the Company's customers, regulatory changes and legal proceedings,
and the Company's successful implementation of its internal operating
plans. Accordingly, there can be no assurance that the forward-looking
statements contained herein will occur or that objectives will be
achieved.

    CONTACT: Team, Inc., Alvin
             Philip J. Hawk or Ted W. Owen, 281-331-6154