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

8/12/04

Date of Report (Date of earliest event reported)

SAFECO CORPORATION

(Exact name of registrant as specified in Charter)

WASHINGTON	1-6563	91-0742146
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

Safeco Plaza, Seattle, Washington	98185
(Address of principal executive officers)	(Zip Code)

(206) 545-5000

(Registrant’s telephone number, including area code)

Item 5. Other Events

On August 13, 2004, Safeco Corporation announced the completion of its tender offer for 8.072% Capital Securities due 2037 and that it decreased the amout of the tender offer for its 7.25% Senior Notes due 2012.

Exhibit 99.1 – Press release “Safeco Completes Tender Offer for 8.072% Capital Securities Due 2037 and Decreases Amount of Tender Offer for 7.25% Senior Notes Due 2012” dated August 13, 2004.

Signature

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 thereunto duly authorized.

	SAFECO CORPORATION
	Registrant
Dated: August 13, 2004	/s/ Maurice S. Hebert
	Maurice S. Hebert Vice President and Corporate Controller