<SUBMISSION>
<ACCESSION-NUMBER>0000935703-03-000096
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20031128
<ITEMS>12
<ITEMS>9
<FILING-DATE>20031128
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>DOLLAR TREE STORES INC
<CIK>0000935703
<ASSIGNED-SIC>5331
<IRS-NUMBER>541387365
<STATE-OF-INCORPORATION>VA
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-25464
<FILM-NUMBER>031028510
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>500 VOLVO PARKWAY
<STREET2>N/A
<CITY>CHESAPEAKE
<STATE>VA
<ZIP>23320
<PHONE>(757) 321-5000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>500 VOLVO PARKWAY
<CITY>CHESAPEAKE
<STATE>VA
<ZIP>23320
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k112803.htm
<DESCRIPTION>3RD QTR 2003 EARNINGS
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>





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<A NAME=A001></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>UNITED STATES <BR>
SECURITIES AND EXCHANGE COMMISSION <BR>WASHINGTON D.C. 20549 </FONT></P>

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<A NAME=A004></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>FORM 8-K </FONT></P>

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<A NAME=A005></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>CURRENT REPORT <BR>
Pursuant to Section 13 or 15(d) of <BR> the Securities Exchange Act of 1934 </FONT></P>

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<A NAME=A008></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>Date of Report: November
28, 2003 </FONT></P>

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<A NAME=A009></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>Date of Earliest Event
Reported: November 25, 2003 </FONT></P>

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<A NAME=A010></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>DOLLAR TREE STORES, INC. <BR>(Exact name of
registrant as specified in its charter) </FONT></P>

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<A NAME=A012></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>COMMISSION FILE NUMBER:
0-25464 </FONT></P>






<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TD WIDTH="45%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">VIRGINIA</FONT></TD>
     <TD WIDTH="10%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></FONT></TD>
     <TD WIDTH="45%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">54-1387365</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD WIDTH="45%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">(State or other jurisdiction of</FONT></TD>
     <TD WIDTH="10%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></FONT></TD>
     <TD WIDTH="45%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">(I.R.S. Employer</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD WIDTH="45%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">incorporation or organization)</FONT></TD>
     <TD WIDTH="10%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></FONT></TD>
     <TD WIDTH="45%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Identification No.)</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></FONT></TD></TR>
</TABLE>


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<A NAME=A013></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>500 Volvo Parkway <BR>Chesapeake, VA 23320 <BR>(Address of principal
executive offices) </FONT></P>

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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registrant&#146;s
telephone number, including area code: (757) 321-5000 </FONT></P>


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<A NAME=A016></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>Item 9. Regulation FD
Disclosure. </FONT></H1>

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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>The following summarizes information
discussed in Dollar Tree Stores, Inc.&#146;s publicly available telephone conference call
on November 25, 2003 regarding its fiscal third quarter 2003 earnings results. </FONT></P>

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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>The information contained in this item
is being furnished to the Securities and Exchange Commission. Such information shall not
be deemed &#147;filed&#148; for purposes of Section 18 of the Securities and Exchange Act
of 1934 or otherwise subject to the liabilities of that Section. The information shall not
be deemed incorporated by reference into any registration statement or other document
filed pursuant to the Securities Act of 1933, except as expressly set forth by specific
reference in such filing. </FONT></P>

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<A NAME=A017></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3><U>Net sales </U></FONT></P>
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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>Net sales for the third quarter of
2003 were $665 million, representing a 19.4% increase over third quarter 2002. Our
comparable store net sales increased 1.7% quarter over quarter. While this year&#146;s
third fiscal quarter contains one less day than the reported prior year quarter, our
comparable store net sales are based on the same number of days, 91 days. The pace of
business was consistent through all three months of the third quarter of 2003 and our core
10,000-15,000 square foot stores continue to be our better performers. As of November 1,
2003, 792 of our stores, totaling 51% of our square footage, were over 10,000 square feet. </FONT></P>

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<A NAME=A018></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3><U>Gross margin</U> </FONT></P>
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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>Gross margin for the fiscal third
quarter was 36.6% compared to 36.8% for the fiscal quarter ended October 31, 2002. This
decline is primarily attributable to the following: </FONT><BR> <BR>

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<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;increased
freight rates and occupancy costs, as a percentage of sales,</FONT></P></TD>
</TR>
</TABLE>




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<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>approximately
$1.0 million of additional non-cash expense in this quarter&#146;s cost of sales
associated with the adoption of FIN 46-Consolidation of Variable Interest Entities, which
consolidated four of our distribution centers, previously accounted for as operating
leases, onto our financial statements, and  </FONT></P></TD>
</TR>
</TABLE>

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<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>the
inclusion of Greenbacks' lower margin net sales in our results  </FONT></P></TD>
</TR>
</TABLE>
<BR>


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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>These factors were partially offset by improved merchandise margin as a result of better buying and timing. Shrink and markdown results were also better than expected. The effect of these improvements, part of which
could be attributed to first and second quarter 2003 results, was approximately 55 basis
points. </FONT></P>

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<A NAME=A019></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3><U>Selling, general and
administrative expenses </U></FONT></P>

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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>Selling, general and administrative
expenses for the third quarter were 27.5% of net sales compared to 27.6% of net sales for
the same period last year. This decline was primarily attributed to improved labor
productivity, benefits from our new supply chain systems and improved store operating
costs. The decrease was partially offset by increased depreciation expense associated with
our investments in new and expanded stores, distribution center infrastructure, and
technological assets. </FONT></P>

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<A NAME=A020></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3><U>Outlook </U></FONT></P>

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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>Our November 2003 net sales are
tracking on plan. We expect fourth quarter sales to be approximately $880-$905 million,
with the midpoint of the range representing slightly positive comparable store net sales
of 0.5% to 1.25%. This year&#146;s fourth quarter contains 91 days compared with last
year&#146;s fourth quarter which had 93 days. </FONT></P>

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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>We expect our operating margin in the
fourth quarter of 2003 to be approximately 50-100 basis points better than last
year&#146;s fourth quarter of 14%. We believe that the expected improvement will be
primarily attributed to the following: </FONT><BR> <BR>

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<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>decreased
incremental costs associated with the adoption of FIN 46,  </FONT></P></TD>
</TR>
</TABLE>

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<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>significant
deleverage of fixed costs in the fourth quarter of 2002 when comparable store net sales
were down almost 2.0%, and </FONT></P></TD>
</TR>
</TABLE>

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<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>expected
modest improvement in selling, general, and administrative expenses, as a percentage of
net sales, which will result from continued productivity improvements and focus on cost
containment.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>We continue to expect slight increases
in depreciation, as a percentage of net sales, during the fourth quarter of 2003 and
fiscal year 2004 due to the continued installation of point-of-sale systems in our stores.
We believe these non-cash expenses will plateau, as a percentage of net sales, by 2006. </FONT></P>

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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>In fiscal year 2004, we expect net
sales and earnings growth in the 15%-20% range. We also expect net sales of approximately
$3.2-$3.3 billion and modest improvement, in the range of 10-20 basis points, in operating
margin. First quarter 2004 net sales are expected to be in the range of $700-$720 million. </FONT></P>

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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>Although we expect freight rates to
increase in 2004 over 2003, we believe the increase will be offset by improvements in
other areas of gross margin and, therefore, we do not expect a significant impact on our
overall gross margin. </FONT></P>

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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>In fiscal 2004, we plan to launch a
check verification system that we expect will enable us to reduce our check loss expense.
In addition, with the recent installation of a financial switch to host our debit and
credit transactions, we expect we will be able to reduce our associated interchange and
banking transaction fees. We expect overall cost savings from these two projects to be
approximately $1.3 million. We also expect that there will be some labor cost benefit as a
result of the transaction times getting shorter. </FONT></P>

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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>Our fiscal 2004 marketing goals
include continuing to use broadcast and print media to support grand openings, build brand
awareness especially in new markets, increase customer traffic and showcase unique
products and highlight seasonal offerings. We will focus on monitoring our return on
marketing expenses with the goal of reducing selling, general and administrative expenses
while spending on marketing. </FONT></P>

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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>Our square footage growth is expected
to be approximately 20% in 2004. This growth plan includes more than 200 net new stores
and more than 100 relocated and expanded stores. We plan capital expenditures to be
$230-$250 million, similar to 2003, in fiscal 2004 and our focus will be on our new and
expanded stores, distribution center infrastructure, and continued technology investments.
We have approximately 1,645 point-of-sale stores and expect to convert virtually all
remaining stores that will benefit from this technology by the end of 2004. </FONT></P>

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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>We will begin receiving merchandise in
our new Ridgefield, Washington distribution center in December 2003 and shipping
merchandise from this distribution center to our stores in the first fiscal quarter of
2004. Our Joliet, Illinois distribution center is expected, as planned, to open in
mid-year 2004. In fiscal 2005, we expect to begin an expansion project at our Briar Creek,
Pennsylvania distribution center. </FONT></P>

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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3><B>A WARNING ABOUT FORWARD-LOOKING
STATEMENTS: </B></FONT></P>

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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>This Current Report on Form 8-K contains
&#147;forward-looking statements&#148; as that term is used in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements address future events,
developments or results and typically use words such as believe, anticipate, expect,
intend, plan or estimate. For example, our forward-looking statements include statements
regarding: </FONT></P>



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<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
future net sales, including comparable store net sales, and future earnings;  </FONT></TD>
</TR>
</TABLE>

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<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
gross and operating margins, including selling, general and administrative expenses;  </FONT></TD>
</TR>
</TABLE>

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<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
store and distribution center openings and growth plans, including square footage growth;  </FONT></TD>
</TR>
</TABLE>

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<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
freight costs; </FONT></TD></TR>
</TABLE>


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<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
depreciation and non-cash expenses;  </FONT></TD>
</TR>
</TABLE>

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<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
capital expenditures;  </FONT></TD>
</TR>
</TABLE>

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<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
distribution center expansions;  </FONT></TD>
</TR>
</TABLE>

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<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
point-of-sale conversions;  </FONT></TD>
</TR>
</TABLE>

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<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
the
level of savings from technology system installations, including interchange and banking
transaction fees and check loss expenses; and </FONT></TD>
</TR>
</TABLE>

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<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
the amount of future marketing levels. </FONT></TD>
</TR>
</TABLE>
<BR>

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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>These forward-looking statements are
subject to numerous risks and uncertainties that may affect us including: </FONT></P>



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<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
the
outbreak of war and other national and international events, such as terrorism;  </FONT></TD>
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<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
adverse
economic conditions, such as declining consumer confidence or spending, or bad weather;  </FONT></TD>
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<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
difficulties in meeting our sales and other expansion goals and anticipated comparable
store net sales results, which may result in loss of leverage of selling, general and
administrative expenses;  </FONT></TD>
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<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
increases in the cost of or disruption of the flow of our imported goods;  </FONT></TD>
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<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
delays and other difficulties in opening or expanding our distribution centers;  </FONT></TD>
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<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
delays, unexpected costs and other difficulties integrating with Greenbacks;  </FONT></TD>
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<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
difficulties in converting our stores to point-of-sale;  </FONT></TD>
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<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
difficulties in managing our aggressive growth plans, including opening stores on a
timely basis;  </FONT></TD>
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<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
and possible increases in merchandise costs, shipping rates, freight costs, or other
operating costs such as wage levels and marketing expenses;  </FONT></TD>
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<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
capacity and performance of our distribution network and our ability to expand its
capacity in time to support our net sales growth; and </FONT></TD>
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<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
potential
delays in the rollout of our check verification system and the potential failure to
realize the expected savings resulting from the check verification system and the new
financial switch for debit and credit transactions.  </FONT></TD>
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<BR>



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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>For a discussion of the risks,
uncertainties and assumptions that could affect our future events, developments or
results, you should carefully review the &#147;Management&#146;s Discussion and Analysis
of Financial Condition and Results of Operations&#148; and &#147;Business&#148; sections
in our Annual Report on Form 10-K filed March 28, 2003 and our Quarterly Report on Form
10-Q filed September 12, 2003. Also, carefully review &#147;Risk Factors&#148; in our most
recent prospectuses filed November 15, 2000 and August 3, 2000. In light of these risks
and uncertainties, the future events, developments or results described by our
forward-looking statements in this document could turn out to be materially and adversely
different from those we discuss or imply. </FONT></P>

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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>We are not obligated to release
publicly any revisions to any forward-looking statements contained in this filing to
reflect events or circumstances occurring after the date of this report or to reflect the
occurrence of future events and you should not expect us to do so. </FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>Item 12. Results of
Operations and Financial Condition. </FONT></H1>

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<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>The information (including disclaimer)
presented under Item 9 is incorporated by reference into this Item 12. </FONT></P>


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<P ALIGN=LEFT><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>SIGNATURES </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-Times New Roman" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>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, hereunto duly authorized. </FONT></P>

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<A NAME=A025></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>DATE: November 28, 2003 </FONT></P>

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<A NAME=A026></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Helvetica, Sans-Serif" Size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DOLLAR
TREE STORES, INC. </FONT></P>





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<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B></B><BR><BR>
<BR>By: /s/ &nbsp;&nbsp;Frederick C. Coble<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Frederick C. Coble<BR> Chief Financial Officer</FONT></TD>
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