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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Is45s6W7akPcM/m7hhCNrP2OFA/K0h2UHwjdwdZyxqhJXuImbgEhzRV7y35D4TC0
 XcuGT67VLQzrMkKSjedAKA==

<SEC-DOCUMENT>0001179110-04-001701.txt : 20040126
<SEC-HEADER>0001179110-04-001701.hdr.sgml : 20040126
<ACCEPTANCE-DATETIME>20040126120840
ACCESSION NUMBER:		0001179110-04-001701
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040123
FILED AS OF DATE:		20040126

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TRM CORP
		CENTRAL INDEX KEY:			0000749254
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PERSONAL SERVICES [7200]
		IRS NUMBER:				930809419
		STATE OF INCORPORATION:			OR
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		5208 N E 122ND AVENUE
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97230-1074
		BUSINESS PHONE:		5032578766

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TRM COPY CENTERS CORP
		DATE OF NAME CHANGE:	19940411

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALL COPY CORP
		DATE OF NAME CHANGE:	19911216

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			DEAN ASHLEY
		CENTRAL INDEX KEY:			0001277394

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19657
		FILM NUMBER:		04542644

	BUSINESS ADDRESS:	
		STREET 1:		TRM CORP
		STREET 2:		5208 NE 122ND AVE
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97230-1074
		BUSINESS PHONE:		503 257 8766

	MAIL ADDRESS:	
		STREET 1:		C/O TRM CORP 1A MEADOWBROOKE
		STREET 2:		1A MEADOWBROOKE MAXWELL WAY
		CITY:			CRAWLEY WEST SUSSEX
		STATE:			X0
		ZIP:			RH10 95A
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 3 -
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2004-01-23</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000749254</issuerCik>
        <issuerName>TRM CORP</issuerName>
        <issuerTradingSymbol>TRMM</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001277394</rptOwnerCik>
            <rptOwnerName>DEAN ASHLEY</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>TRM CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>1A MEADOWBROOKE MAXWELL WAY</rptOwnerStreet2>
            <rptOwnerCity>CRAWLEY, WEST SUSSEX</rptOwnerCity>
            <rptOwnerState>X0</rptOwnerState>
            <rptOwnerZipCode>RH10 95A</rptOwnerZipCode>
            <rptOwnerStateDescription>UNITED KINGDOM</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Managing Director</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Incentive Stock Option</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>5.00</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2001-06-19</value>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2010-06-19</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>5000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Incentive Stock Option</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>1.80</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2004-07-01</value>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2008-07-01</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2500</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The option becomes exercisable for 20% of the shares underlying the option each year beginning June 19, 2001, so that the option is fully vested and exercisable five (5) years from the date of grant.</footnote>
        <footnote id="F2">The option becomes exercisable for 25% of the shares underlying the option each year beginning July 1, 2004, so that the option is fully vested and exercisable four (4) years from the date of grant.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Ashley Dean by Kenneth L. Tepper, Attorney-in-Fact</signatureName>
        <signatureDate>2004-01-23</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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