-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 CfVhOiCkSiK3ggOdRCbA14P9XMPpcNrAa1wv3ON5133Znz+5aLQa5h7up1v8o97X
 Es37osKNzgXNafeMfkBBPQ==

<SEC-DOCUMENT>0001104659-03-012271.txt : 20030613
<SEC-HEADER>0001104659-03-012271.hdr.sgml : 20030613
<ACCEPTANCE-DATETIME>20030613131548
ACCESSION NUMBER:		0001104659-03-012271
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030612
FILED AS OF DATE:		20030613

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TOKAVZ MICHAEL T
		CENTRAL INDEX KEY:			0001206636

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13711
		FILM NUMBER:		03743363

	MAIL ADDRESS:	
		STREET 1:		C/O KKR
		STREET 2:		9 W 57TH ST 41ST FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WALTER INDUSTRIES INC /NEW/
		CENTRAL INDEX KEY:			0000837173
		STANDARD INDUSTRIAL CLASSIFICATION:	GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS [1520]
		IRS NUMBER:				133429953
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0531

	BUSINESS ADDRESS:	
		STREET 1:		1500 N DALE MABRY HWY
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33607
		BUSINESS PHONE:		8138714811

	MAIL ADDRESS:	
		STREET 1:		1500 N DALE MABRY HWY
		STREET 2:		1500 NORTH MABRY HGWY
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33607

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HILLSBOROUGH HOLDINGS CORP
		DATE OF NAME CHANGE:	19910814
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>j2054_4.xml
<DESCRIPTION>4
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8" standalone="no"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>
  <periodOfReport>2003-06-12</periodOfReport>
  <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000837173</issuerCik>
        <issuerName>WALTER INDUSTRIES INC /NEW/</issuerName>
        <issuerTradingSymbol>WLT</issuerTradingSymbol>
  </issuer>
  <reportingOwner>
    <reportingOwnerId>
            <rptOwnerCik>0001206636</rptOwnerCik>
            <rptOwnerName>TOKAVZ MICHAEL T</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
      <isDirector>1</isDirector>
      <isOfficer>0</isOfficer>
      <isTenPercentOwner>0</isTenPercentOwner>
      <isOther>0</isOther>
    </reportingOwnerRelationship>
  </reportingOwner>
  <derivativeSecurity>
    <securityTitle>
      <value>Phantom Stock</value>
    </securityTitle>
    <conversionOrExercisePrice>
      <value>0</value>
      <footnoteId id="F1"/>
    </conversionOrExercisePrice>
    <transactionDate>
      <value>2003-06-12</value>
    </transactionDate>
    <transactionCoding>
      <transactionFormType>4</transactionFormType>
      <transactionCode>A</transactionCode>
      <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
    <transactionTimeliness>
      <value/>
    </transactionTimeliness>
    <transactionAmounts>
      <transactionShares>
        <value>16.60</value>
      </transactionShares>
      <transactionValue>
        <value>0</value>
        <footnoteId id="F1"/>
      </transactionValue>
      <transactionAcquiredDisposedCode>
        <value>A</value>
      </transactionAcquiredDisposedCode>
    </transactionAmounts>
    <exerciseDate>
      <value>1988-08-08</value>
      <footnoteId id="F2"/>
    </exerciseDate>
    <expirationDate>
      <value>1988-08-08</value>
      <footnoteId id="F2"/>
    </expirationDate>
    <underlyingSecurity>
      <underlyingSecurityTitle>
        <value>Common Stock</value>
      </underlyingSecurityTitle>
      <underlyingSecurityShares>
        <value>16.60</value>
      </underlyingSecurityShares>
    </underlyingSecurity>
    <postTransactionAmounts>
      <sharesOwnedFollowingTransaction>
        <value>6989.35</value>
      </sharesOwnedFollowingTransaction>
    </postTransactionAmounts>
    <ownershipNature>
      <directOrIndirectOwnership>
        <value>D</value>
      </directOrIndirectOwnership>
    </ownershipNature>
  </derivativeSecurity>
  <footnotes>
    <footnote id="F1">Converts to common stock on 1-for-1 basis</footnote>
    <footnote id="F2">Date of retirement of Reporting Person</footnote>
  </footnotes>
  <ownerSignature>
    <signatureName>Mary C Snow by power of atty</signatureName>
    <signatureDate>2003-06-13</signatureDate>
  </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----