<SUBMISSION>
<ACCESSION-NUMBER>0001169232-04-000437
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20040202
<ITEMS>5
<ITEMS>7
<FILING-DATE>20040202
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>DREW INDUSTRIES INCORPORATED
<CIK>0000763744
<ASSIGNED-SIC>3442
<IRS-NUMBER>133250533
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-13646
<FILM-NUMBER>04559089
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>200 MAMARONECK AVE
<CITY>WHITE PLAINS
<STATE>NY
<ZIP>10601
<PHONE>9144289098
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>200 MAMARONECK AVE
<CITY>WHITE PLAINS
<STATE>NY
<ZIP>10601
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d58057_8-k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>

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     <!-- Control Number: 04-58057                                                         -->
     <!-- Rev Number:     1.0                                                              -->
     <!-- Client Name:    Drew Industries Incorporated                                     -->
     <!-- Project Name:   Form Type: 8-K                                                   -->
     <!-- Firm Name:      Curran & Connors (NY)                                            -->
     <TITLE>Form Type: 8-K</TITLE>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>SECURITIES AND
EXCHANGE COMMISSION </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Washington, DC 20549 </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>FORM 8-K </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>CURRENT REPORT</FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to Section 13 OR 15(d) of the Securities Exchange
Act of 1934  </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date of Report (Date of earliest
event reported): February 2, 2004 </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>DREW INDUSTRIES
INCORPORATED </FONT></H1>
<BR>

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     <TH ALIGN="Left"><FONT SIZE="2">Delaware</FONT></TH>
     <TH><FONT SIZE="2">0-13646</FONT></TH>
     <TH ALIGN="Right"><FONT SIZE="2">13-3250533</FONT></TH></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(State or other jurisdiction<BR>of incorporation)</FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Commission File Number)</FONT></TD>
     <TD ALIGN="Right"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(I.R.S. Employer<BR>Identification No.)</FONT></TD></TR>
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     <TH><FONT SIZE="2">200 Mamaroneck Avenue, White Plains, New York </FONT></TH>
     <TH><FONT SIZE="2">10601</FONT></TH></TR>
<TR VALIGN="TOP">
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Address of principal executive offices)</FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Zip Code)</FONT></TD></TR>
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     <TH ALIGN="Left"><FONT SIZE="2">Registrant's telephone number, including area code:</FONT></TH>
     <TH ALIGN="Right"><FONT SIZE="2">(914) 428-9098</FONT></TH></TR>
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<BR>

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     <TH><FONT SIZE="2">N/A</FONT></TH></TR>
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     <TD ALIGN="Center"><FONT SIZE="2">(Former name or former address, if changed since last report)</FONT></TD>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 5.                    Other
Events. </FONT></P>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>                  a) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Reference
is made to the press release dated  February 2, 2004,  the text of which is attached
 hereto as                            Exhibit 99.1, for a description of the events
reported pursuant to this Form 8-K.</FONT></TD>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 7.
                            Financial Statements and Exhibits </FONT></P>

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<TD WIDTH=5%>&nbsp;</TD>
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Exhibits </FONT></TD>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>                           99.1 </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Press
Release dated February 2, 2004 </FONT></TD>
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<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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. </FONT></P>

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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">DREW INDUSTRIES INCORPORATED<BR><BR>(Registrant)<BR><BR>
<BR>By: <B>/s/ Fredric M. Zinn</B><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fredric M. Zinn<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive Vice President and<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer </FONT> </TD>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Dated: February 2, 2004 </FONT></P>
<BR>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2 </FONT></P>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>d58057_ex99-1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
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     <!-- Control Number: 04-58057                                                         -->
     <!-- Rev Number:     1.0                                                              -->
     <!-- Client Name:    Drew Industries Incorporated                                     -->
     <!-- Project Name:   Form Type: 8-K                                                   -->
     <!-- Firm Name:      Curran & Connors (NY)                                            -->
     <TITLE>Exhibit 99.1</TITLE>
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<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit
99.1 </FONT>
</TD>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>FOR IMMEDIATE RELEASE</B> </FONT> <FONT FACE="Times New Roman, Times, Serif" SIZE="2"><BR><B>Date:</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 2, 2004<BR>
<B>Contact:</B>&nbsp;&nbsp;&nbsp;&nbsp;Leigh J. Abrams, President and CEO<BR><B>Phone: </B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(914) 428-9098 &nbsp;&nbsp;Fax: (914) 428-4581<BR>
<B>E Mail: </B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Drew@drewindustries.com </FONT> </TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><IMG SRC="logo.gif"></FONT></TD></TR>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Drew Announces Sale of
Intellectual Property and Lease of <BR>Equipment and License for New Product Line </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>White Plains, New York - February 2,
2004  - Drew Industries Incorporated (NYSE: DW) today announced that the Better Bath
division of Drew's Kinro, Inc. subsidiary sold certain intellectual property rights
relating to a process used to manufacture a new composite material.  Simultaneously with
the sale, Better Bath entered into an equipment lease and license agreement with the
buyer. As a result, Better Bath plans to produce the new composite material for use in
certain bath products for the manufactured housing, modular housing, and recreational
vehicle industries on an exclusive, royalty-free basis.  Better Bath will also have the
right to use the new composite material on a royalty-free, non-exclusive basis to
manufacture various other products for the manufactured housing, modular housing, and
recreational vehicle industries. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The new composite material is
expected to enable Better Bath to compete favorably in the estimated $20 million market
for fiberglass bathtub products for manufactured homes, which Better Bath does not
presently serve.  Better Bath currently produces only thermoplastic bath products using
ABS material, and has a market share of more than 50% for such products used in
manufactured homes.  Products manufactured with this new composite material have been
shown to be stronger, require less maintenance and have an overall better appearance and
performance than either traditional fiberglass or thermoplastic products. In addition,
the production process is performed without harmful emissions.  Drew does not anticipate
that the introduction of these new products will have a significant impact on
consolidated 2004 results. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The sale price for the intellectual
property rights was $4.0 million, consisting of cash of $100,000 at closing and a note of
$3.9 million, payable over five years. The note bears interest at increasing annual
interest rates, and is secured by a lien on the intellectual property rights sold, a
right of offset against the lease, and a guaranty. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Drew is evaluating the potential
gain on sale, and currently anticipates that it will record a first quarter pre-tax gain
of approximately $500,000 ($300,000, or $.03 per diluted share, after tax) after all
related costs and valuations. Future profits, if any, will be recorded when payments on
the $3.9 million note exceed approximately $400,000. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>David L. Webster, President and CEO
of Kinro said, "We are extremely pleased that Better Bath will now have the opportunity
to expand its product line to include bath products made with the new composite material.
 Better Bath has proven to be one of the finest thermoformers in the industry, as
evidenced by the prestigious `People's Choice Award' for excellence in thermoforming
presented to Better Bath in 2003 by the Society of Plastics Engineers." </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>- more - </FONT></P>
<BR>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3 </FONT></P>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Drew Industries - page 2 of 2</B> </FONT> </P>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>"We plan to leverage our outstanding
thermoforming skills and management expertise with this new technology to further expand
our product line," said Drew President and CEO Leigh J. Abrams. "We see great potential
for Better Bath to thermoform new products both for manufactured homes and recreational
vehicles and possibly for other industries.  The transactions announced today are
significant steps toward improving Better Bath's operations and further demonstrate the
outstanding capabilities of our operating management." </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>About Drew</B> </FONT> </P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Drew, through its wholly owned
subsidiaries, Kinro and Lippert Components, supplies a broad array of components for
recreational vehicles and manufactured homes. Drew's products include aluminum and vinyl
windows and screens, doors, chassis, chassis parts, RV slide-out mechanisms and power
units, bath and shower units, and electric stabilizer jacks. From 41 factories located
throughout the United States and one factory in Canada, Drew serves most major national
manufacturers of RVs and manufactured homes in an efficient and cost-effective manner.
Additional information about Drew and its products can be found at <I>www.drewindustries.com.</I> </FONT> </P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Forward Looking Statements</B> </FONT> </P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><I>This press release contains certain
statements, including the Company's plans and expectations regarding its operating
strategies, products and costs, and its views of the prospects of the recreational
vehicle and manufactured housing industries, which are forward-looking statements
and are made pursuant to the safe harbor provisions of the Securities Litigation
Reform Act of 1995. These forward-looking statements reflect the Company's views, at
the time such statements were made, with respect to the Company's future plans,
objectives, events and financial results such as revenues, expenses, income,
earnings per share, capital expenditures, and other financial items.
Forward-looking statements are not guarantees of future performance; they are subject
to risks and uncertainties. The Company does not undertake to update forward-looking
statements to reflect circumstances or events that occur after the date the
forward-looking statements are made.</I> </FONT> </P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><I>There are a number of factors, many
of which are beyond the Company's control, which could cause actual results and events to
differ materially from those described in the forward-looking statements. These factors
include pricing pressures due to competition, raw material costs (particularly vinyl,
aluminum, steel, glass, and ABS resin), availability of retail and wholesale financing
for manufactured homes, availability and costs of labor, inventory levels of retailers
and manufacturers, levels of repossessed manufactured homes, the financial condition of
our customers, interest rates, and adverse weather conditions impacting retail sales. In
addition, general economic conditions and consumer confidence may affect the retail sale
of recreational vehicles and manufactured homes.</I> </FONT> </P>



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