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 15, 2004


                           THE INTERGROUP CORPORATION
                ---------------------------------------------------
               (Exact name of registrant as specified in its charter)


        Delaware                      1-10324              13-3293645
- ----------------------------        ------------       -------------------
(State or other jurisdiction        (Commission         (IRS Employer
 of incorporation)                  File Number)       Identification No.)


         820 Moraga Drive, Los Angeles, CA                90049
       ---------------------------------------           --------
       (Address of principal executive offices)         (Zip Code)


Registrant's telephone number, including area code: (310) 889-2500


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 8.01.  Other Events.

     On October 15, 2004, The InterGroup Corporation issued a press release
announcing an increase in the number of shares of its common stock that the
Company is authorized to purchase pursuant to its stock repurchase program. A
copy of that press release is attached hereto as Exhibit 99.1 and
incorporated herein by reference.

ITEM 9.01.  Financial Statements and Exhibits.

    (c)   Exhibits

          99.1 Text of Press Release, dated October 15, 2004 of the
               Registrant.


                               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 INTERGROUP CORPORATION


Dated: October 15, 2004                  By  /s/ Michael G. Zybala
                                             -----------------------------
                                             Michael G. Zybala
                                             Asst. Secretary and Counsel



                                     -2-



                               EXHIBIT INDEX



Exhibit No.                           Description
- -----------                -------------------------------------

99.1                       Press Release issued October 15, 2004

EX-99

                                                                 Exhibit 99.1

                                PRESS RELEASE
                                -------------


                      THE INTERGROUP CORPORATION'S BOARD
                 APPROVES INCREASE IN SHARE REPURCHASE PROGRAM


Los Angeles, California, October 15, 2004 - The InterGroup Corporation
(NASDAQ: INTG) today announced that its Board of Directors has authorized the
Company to purchase up to an additional 150,000 shares of the Company's
common stock under its existing stock repurchase program.  That action
increased the total remaining number of shares authorized for repurchase to
approximately 152,900 shares.  The purchases will be made, in the discretion
of management, from time to time in the open market or through privately
negotiated third party transactions depending on market conditions.

                               *  *  *

Statements in this release which are not historical facts are "forward
looking statements" and "safe harbor statements" under the Private Securities
Litigation Reform Act of 1995 that involve risks and/or uncertainties,
including risks and/or uncertainties as described in the Company's public
filings with the Securities and Exchange Commission.


CONTACT:    John V. Winfield, President and Chief Executive Officer,
            Telephone: (310) 889-2500; or Michael G. Zybala, Assistant
            Secretary and Counsel, Telephone: (858) 673-4722