8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): July 22, 2005

ACCO WORLD CORPORATION

(to be renamed ACCO Brands Corporation)

(Exact Name of Registrant as Specified in Charter)

Delaware	333-124946	36-2704017
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

300 Tower Parkway

Lincolnshire, IL 60069

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code (847) 484-4800

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:

¨ 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))

INFORMATION TO BE INCLUDED IN THE REPORT

Item 2.02. Results of Operations and Financial Condition.

The following information is provided pursuant to Item 2.02 of Form 8-K, “Results of Operations and Financial Condition.” In connection with Registrant’s spin-off from Fortune Brands, Inc. and the subsequent merger of a wholly-owned subsidiary of Registrant with and into General Binding Corporation, Registrant is furnishing financial information for the fiscal quarter ended June 30, 2005. The financial information is included herewith as Exhibit 99 and is incorporated herein by reference. Pursuant to general instruction B.2 to Form 8-K, the information furnished pursuant to Item 2.02 shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits.

99 Financial information of Registrant which is being furnished pursuant to Item 2.02.

(Page 2 of 4 Pages)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.

ACCO WORLD CORPORATION
(Registrant)
By	/s/ MARK A. ROCHE
Name:	Mark A. Roche
Title:	Secretary

Date: July 22, 2005

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EXHIBIT INDEX

Exhibit		Sequentially Numbered Page
99	Financial information of Registrant which is being furnished pursuant to Item 2.02.

(Page 4 of 4 Pages)

EX-99

Exhibit 99

THE FOLLOWING INFORMATION WAS MADE AVAILABLE BY FORTUNE BRANDS, INC. IN A PRESS RELEASE DATED JULY 22, 2005.

(In millions, except per share amounts)

(Unaudited)

NET SALES AND OPERATING INCOME

	Three Months Ended June 30,
	2005		2004		% Change
Net Sales
ACCO Office Products	$	287.2	$	268.8	6.8
Operating Income
ACCO Office Products		26.9		4.0	572.5
Operating Income Before Charges (a)
ACCO Office Products		29.8		26.1	14.2

NET SALES AND OPERATING INCOME

	Six Months Ended June 30,
	2005		2004		% Change
Net Sales
ACCO Office Products	$	562.4	$	539.7	4.2
Operating Income
ACCO Office Products		51.6		20.0	158.0
Operating Income Before Charges (a)
ACCO Office Products		54.5		47.8	14.0

(a) Operating Income Before Charges is Operating Income derived in accordance with GAAP excluding any non-recurring items.

Operating Income Before Charges is a measure not derived in accordance with GAAP. Management uses this measure to determine the returns generated by our operating segments and to evaluate and identify cost-reduction initiatives. Management believes this measure provides investors with helpful supplemental information regarding the underlying performance of the Company from year-to-year. This measure may be inconsistent with similar measures presented by other companies.

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THE FOLLOWING IS AN EXCERPT FROM THE SCRIPT OF A FORTUNE BRANDS, INC. TELEPHONE CONFERENCE CALL WITH ANALYSTS AND OTHERS HELD ON JULY 22, 2005

* * *

[Craig P. Omtvedt, Senior Vice President and Chief Financial Officer of Fortune Brands, Inc.]

Concluding with office products –

• Benefiting from higher volumes and favorable FX, sales for Office reached $287 million, up 7%.

• Sales benefited from an extra month of results in Australia largely offset by the timing of back-to-school shipments.

• ACCO’s efficient supply chains continued to add to the bottom line. Reported operating income reached $27 million. On a before charges basis, operating income increased 14%.

Strong growth for the Kensington brand helped drive ACCO’s results in the quarter. Kensington is fueling its growth with successful new products to support mobile computer users.

With the spin-off of ACCO expected later this summer, our office products business will be considered a discontinued operation as of the third quarter. Therefore, it will no longer be reflected in our results.

* * *

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Reconciliation of Operating Income Before Charges to GAAP Operating Income

For the Three and Six Months Ended June 30, 2005

Amounts in millions

(Unaudited)

Operating Income Before Charges is Operating Income derived in accordance with GAAP excluding any non-recurring items.

Operating Income Before Charges is a measure not derived in accordance with GAAP. Management uses this measure to determine the returns generated by operating segments and to evaluate and identify cost-reduction initiatives. Management believes this measure provides investors with helpful supplemental information regarding the underlying performance of the Company from year-to-year. This measure may be inconsistent with similar measures presented by other companies

	Three Months Ended June 30,					Six Months Ended June 30,
	2005		2004		% Change	2005		2004		% Change
ACCO Office Products
Operating Income before charges	$	29.8	$	26.1	14.2	$	54.5	$	47.8	14.0
Less:
Restructuring and restructuring-related items		2.9		22.1	—		2.9		27.8	—
Operating Income	$	26.9	$	4.0	+ 100.0	$	51.6	$	20.0	+ 100.0

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Reconciliations of RONTA based on Operating Income Before Charges to RONTA based on

GAAP Operating Income

(June 30, 2005, Unaudited)

	Rolling twelve months Operating income before charges			Net Tangible Assets		RONTA Before Charges
ACCO Office Products	$	144.1	/	GAAP Net Tangible Assets	=	37.2	%
Fortune Brands	$	1,228.7	/	GAAP Net Tangible Assets	=	43.0	%
	Rolling twelve months GAAP Operating income			Net Tangible Assets		RONTA based on GAAP OI
ACCO Office Products	$	141.4	/	GAAP Net Tangible Assets	=	36.5	%
Fortune Brands	$	1,212.7	/	GAAP Net Tangible Assets	=	42.5	%

Return on Net Tangible Assets - or RONTA - Before Charges is operating income derived in accordance with GAAP excluding any non-recurring items divided by the twelve month average of GAAP assets less intangibles, accounts payable and other non-interest bearing liabilities.

RONTA Before Charges is a measure not derived in accordance with GAAP. Management uses this measure to determine the returns generated by operating segments and to evaluate and identify cost-reduction initiatives. Management believes this measure provides investors with helpful supplemental information regarding the underlying performance of the Company from year-to-year. This measure may be inconsistent with similar measures presented by other companies.

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