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)

October 3, 2002

THE GAP, INC.

(Exact name of registrant as specified in its charter)

Delaware (State of incorporation) 1-7562 (Commission File Number) 94-1697231 IRS Employer Identification ( No.)

Two Folsom Street San Francisco, California (Address of principal executive offices) 94105 (Zip Code)

(650) 952-4400

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Item 5.    Other Events.

On October 3, 2002, The Gap, Inc. (the “Company”) issued a press release announcing the appointment of Penny Hughes to the Board of Directors of the Company and the resignation of Steven P. Jobs from the Board. A copy of this press release is attached hereto as Exhibit 99.1.

Item 7.    Exhibits.

99.1 Press Release dated October 3, 2002

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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.

THE GAP, INC. (Registrant)
By:	/s/    ANNE B. GUST
	Anne B. Gust Executive Vice President and Chief Administrative Officer

Date:  October 3, 2002

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EXHIBIT INDEX

Exhibit Number	Description
99.1	Press Release dated October 3, 2002

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EX-99.1

Exhibit 99.1

PENNY HUGHES JOINS GAP INC. BOARD OF DIRECTORS

SAN FRANCISCO—October 3, 2002—Gap Inc. (NYSE:GPS) today announced that Penny Hughes, a former Coca-Cola executive in Europe with more than 14 years of international brand management experience, is joining the company’s Board of Directors.

Ms. Hughes, 43, was an executive with Coca-Cola for 10 years in the United Kingdom and held extensive operational and strategic responsibilities in the company’s international division. She served as Coca-Cola’s President of U.K. and Ireland operations before leaving the company in 1994.

Prior to joining Coca-Cola, Ms. Hughes worked in the United Kingdom for the Milk Marketing Board and Procter & Gamble. Ms. Hughes currently works as a consultant and serves on the boards of several European-based companies, including Vodafone and Swedish bank SEB. Ms. Hughes also previously served as a board member of Body Shop International for seven years.

“We’re extremely pleased to have Ms. Hughes join our board,” said Gap Inc. Chairman Donald G. Fisher. “Her strong international brand management and global operations experience will be a great benefit to our company and shareholders.”

Ms. Hughes will serve on the Board’s Audit and Finance and Corporate Governance Committees.

The company also announced that Steve Jobs, CEO of Apple and Chairman and CEO of Pixar Animation Studios, resigned from Gap Inc.’s Board of Directors earlier this week to focus on other priorities.

“On behalf of the Board, I’d like to thank Steve for his contributions,” Mr. Fisher said.

# # #

Gap Inc. is a leading international specialty retailer offering clothing, accessories and personal care products for men, women, children and babies under the Gap, Banana Republic and Old Navy brand names. Fiscal 2001 sales exceeded $13.8 billion. As of August 31, 2002, Gap Inc. operated 4,263 store concepts (3,142 store locations) in the United States, the United Kingdom, Canada, France, Japan and Germany. In the United States, customers also may shop the company’s online stores at gap.com, BananaRepublic.com and oldnavy.com.

Gap Inc. Media Contact:

Alan Marks

415-427-6561