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: August 4, 2004
                (Date of earliest event reported)


                       TEMPLE-INLAND INC.
     (Exact Name of Registrant as Specified in its Charter)

      Delaware             001-08634             75-1903917
  (State or Other         (Commission           (IRS Employer
    Jurisdiction          File Number)       Identification No.)
 of Incorporation)



        1300 MoPac Expressway South, Austin, Texas 78746
            (Address of Principal Executive Offices)


                         (512) 434-5800
      (Registrant's telephone number, including area code)



                         Not Applicable
  (Former Name or Former Address, if Changed Since Last Report)



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Item 5.  Other Events and Required FD Disclosure

     On August 4, 2004, Temple-Inland Inc. (the "Company") issued
a press release announcing plans to reposition mortgage activities
within its wholly-owned subsidiary, Guaranty Residential Lending,
Inc.  Copies of the press release are furnished as exhibit 99.1 of
this report.

Item 7.  Exhibits.

     (c)  Exhibits.

     99.1 Press release issued by the Company on August 4, 2004,
          announcing plans to reposition mortgage activities
          within its wholly-owned subsidiary, Guaranty Residential
          Lending, Inc.



                            SIGNATURE

     Pursuant to the requirements of the Securities and Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.


                              TEMPLE-INLAND INC.


Date: August 4, 2004          By:  /s/ M. Richard Warner
                                 -----------------------------
                                   Name:  M. Richard Warner
                                   Title: President





3

                          EXHIBIT INDEX

Exhibit   Description                                      Page
- -------   -----------                                      ----

99.1      Press release issued by the Company on August       4
          4, 2004, announcing plans to reposition mortgage
          activities within its wholly-owned subsidiary,
          Guaranty Residential Lending, Inc.

EX-99

                  [TEMPLE-INLAND LOGO]


NEWS
RELEASE-----------------------------------------------------

FOR IMMEDIATE RELEASE
CONTACT: Chris L. Nines
         (512) 434-5587


      TEMPLE-INLAND INC. TO REPOSITION MORTGAGE ACTIVITIES

     AUSTIN, TEXAS, August 4, 2004--Temple-Inland Inc. today
announced plans to reposition the mortgage origination activities
conducted by its wholly-owned subsidiary, Guaranty Residential
Lending, Inc. ("GRL").  GRL intends to originate loans through
broker and correspondent networks and retail offices located in
the branches of Guaranty Bank.  GRL will originate mortgage loans
for the portfolio of Guaranty Bank and, to a lesser extent, for
sale to others.  The repositioning of GRL's origination
activities will likely include the sale or closure of many of
GRL's retail origination outlets not located in bank branches.

     The actions taken will reduce costs and the exposure to
changing market conditions, including a slow-down in refinance
activity.  On an ongoing basis, these actions are not expected to
have a significant effect on the earnings of Temple-Inland.  The
repositioning is expected to be substantially complete by the end
of 2004.

     Temple-Inland Inc. is a major manufacturer of corrugated
packaging and building products, with a diversified financial
services operation.  The Company's 2.0 million acres of
forestland are certified as managed in compliance with ISO 14001
and in accordance with the Sustainable Forestry Initiativer (SFI)
program of the American Forest & Paper Association to ensure
forest management is conducted in a scientifically sound and
environmentally sensitive manner.  Temple-Inland's common stock
(TIN) is traded on the New York Stock Exchange and the Pacific
Exchange.  Temple-Inland's address on the World Wide Web is
www.templeinland.com.

     This release contains forward-looking statements that
     involve risks and uncertainties.  The actual results of
     Temple-Inland may differ significantly from the results
     discussed in the forward-looking statements.  Factors
     that might cause such differences include general
     economic, market, or business conditions; the
     opportunities (or lack thereof) that may be presented
     to and pursued by Temple-Inland; the availability and
     price of raw materials; competitive actions by other
     companies; changes in laws or regulations; the accuracy
     of judgments and estimates concerning the integration
     of acquired operations and Temple-Inland's
     consolidation and supply chain initiatives; and other
     factors, many of which are beyond the control of Temple-
     Inland.