<SUBMISSION>
<ACCESSION-NUMBER>0001169232-04-001866
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20040322
<ITEMS>5
<ITEMS>7
<FILING-DATE>20040324
<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>04686792
</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>d58989_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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     <!-- Control Number: 04-58989                                                         -->
     <!-- 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=2>SECURITIES AND
EXCHANGE COMMISSION </FONT></H1>

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<A NAME=A002></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Washington, DC 20549 </FONT></H1>

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<A NAME=A003></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FORM 8-K </FONT></H1>

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<A NAME=A004></A>
<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): March 22, 2004 </FONT></P>

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<A NAME=A006></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>DREW INDUSTRIES
INCORPORATED </FONT></H1>


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    <TD WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Delaware</B> </FONT> </TD>
    <TD WIDTH="30%" ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>0-13646</B>
      </FONT> </TD>
    <TD WIDTH="30%" ALIGN="Right"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>13-3250533</B>
      </FONT> </TD>
  </TR>
  <TR VALIGN=TOP>
    <TD colspan="3">
      <hr noshade>
    </TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH="40%"><font face="Times New Roman, Times, Serif" size="2">(State
      or other jurisdiction <br>
      of incorporation) </font></TD>
    <TD WIDTH="30%" ALIGN="Center"><font face="Times New Roman, Times, Serif" size="2">(Commission
      File Number)</font></TD>
    <TD WIDTH="30%" 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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<BR>
<BR>

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    <TD WIDTH="70%" ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>200
      Mamaroneck Avenue, White Plains, New York</B>
      </FONT></TD>
    <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
      </FONT></TD>
    <TD WIDTH="20%" ALIGN="Right"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>10601</B>
      </FONT></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD colspan="3" ALIGN="Center">
      <hr noshade>
    </TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH="70%" ALIGN="Center"><font face="Times New Roman, Times, Serif" size="2">(Address
      of principal executive offices) </font></TD>
    <TD WIDTH=10%>&nbsp;</TD>
    <TD WIDTH="20%" ALIGN="Right"><font face="Times New Roman, Times, Serif" size=2>(Zip
      Code) </font></TD>
  </TR>
</TABLE>
<BR>
<BR>



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    <TD WIDTH=70%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Registrant&#146;s
      telephone number, including area code:</B><BR>
      </FONT></TD>
    <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>
    <TD WIDTH="20%" ALIGN="Right"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>(914)
      428-9098</B> </FONT></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD colspan="3">
      <hr noshade>
    </TD>
  </TR>
</TABLE>
<BR>
<BR>


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    <TD WIDTH="100%" ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>N/A
      </FONT></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH="100%" ALIGN="Center">
      <hr noshade>
    </TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH="100%" ALIGN="Center"><font face="Times New Roman, Times, Serif" size=2>(Former
      name or former address, if changed since last report)</font></TD>
  </TR>
</TABLE>
<BR>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
Events. </FONT></P>

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</TD>
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</TABLE>
<BR>

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                    <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>a) </FONT></TD>
                    <TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                    Reference is made to the press release dated March 22, 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>
                    </TR>
                    </TABLE>
                    <BR>

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<A NAME=A009></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 7. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial
Statements and Exhibits </FONT></P>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits </FONT>
</TD>
</TR>
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<TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>99.1 </FONT></TD>
<TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Press
Release dated March 22, 2004 </FONT></TD>
</TR>
</TABLE>
<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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<BR>


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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><I>/s/ Fredric M. Zinn</I></B><BR>&nbsp;&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;&nbsp;Fredric M. Zinn<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive Vice President and<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer </FONT> </TD>
</TR>
</TABLE>
<BR>

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<A NAME=A012></A>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Dated: March 24, 2004  </FONT></P>
<BR>

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


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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>d58989_ex99-1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 3.2 Final//EN">
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     <!-- Project:        X:\JOBS\04-58989\d04-58989.eep                                   -->
     <!-- Control Number: 04-58989                                                         -->
     <!-- 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>
</HEAD>
<BODY>

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<A NAME=A001></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 99.1 </FONT></P>


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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>FOR IMMEDIATE RELEASE</B> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Date: </B>March 22, 2004 </FONT> </P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Contact: </B>Leigh J. Abrams, President
and CEO </FONT> </P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Phone:</B> (914) 428-9098 &nbsp;&nbsp;<B>Fax:</B> (914) 428-4581 </FONT> </P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>E Mail:</B> Drew@drewindustries.com </FONT> </P>
<BR>

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<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><IMG SRC="g58518_drew-logo.gif"> </FONT></P>
<BR>

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<A NAME=A002></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>DREW ANNOUNCES
AGREEMENT IN PRINCIPLE TO ACQUIRE CHASSIS MANUFACTURER ZIEMAN MANUFACTURING COMPANY  </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>White Plains, NY &#150; March 22,
2004 &#150; Drew Industries Incorporated (NYSE: DW) today announced that it had reached an
agreement in principle to acquire Zieman Manufacturing Company. Closing of the transaction
is subject to Drew&#146;s completion of due diligence and the signing of definitive
agreements. At this point, the parties anticipate a mid-April closing. Terms of the
all-cash purchase price were not disclosed at this time. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Privately-held Zieman, which recorded
sales of $44 million in 2003, manufactures chassis and chassis parts for recreational
vehicles (primarily travel and fifth wheel trailers) and manufactured homes. In addition,
Zieman manufactures trailers for equipment hauling, boats, personal watercrafts and
snowmobiles, as well as specialty chassis for modular offices. The RV and manufactured
housing business represents 54 percent of sales, with the specialty trailer business
comprising the remaining 46 percent. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Founded in 1946, Whittier,
California-based Zieman operates from eight factories on the West Coast. The owners of
Zieman will continue with the Company, which will become part of Lippert Components, Inc.,
Drew&#146;s wholly-owned chassis and RV slide-out manufacturer headquartered in Goshen,
Indiana. If the acquisition is consummated, Zieman&#146;s operations are expected to be
immediately accretive to Drew&#146;s earnings. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#147;Zieman&#146;s operations are a
natural extension of our RV and MH chassis business on the West Coast. Further, this
acquisition brings us manufacturing capabilities for specialty trailers for boats,
snowmobiles and other recreational products, markets we do not presently serve,&#148; said
Jason Lippert, President and CEO of Lippert Components. &#147;Over time, we expect the
addition of Zieman to afford us the opportunity to expand this business to Lippert&#146;s
factories in other regions of the country.&#148; </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The acquisition of Zieman, if
completed, would be Drew&#146;s third acquisition in the last nine months, each of which
bring complementary products and new growth and profit potential to the Company. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#147;This planned acquisition would
be another example of Drew&#146;s ability to use its strong cash flow and balance sheet
position to expand within our core RV and MH industries, and also outward to entirely new,
but closely related product lines,&#148; said Leigh J. Abrams, President and CEO of Drew.
&#147;We anticipate that our management team at Lippert Components will work closely with
Zieman&#146;s management to realize substantial savings and further growth opportunities
as we bring together these two seasoned and profitable businesses.&#148; </FONT></P>
<BR>

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<A NAME=A003></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>-more- </FONT></P>
<BR>


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<A NAME=A004></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Drew Industries &#150;
page 2 of 2 </FONT></H1>

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<A NAME=A005></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>About Drew </FONT></H1>

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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 RVs
and manufactured homes. Drew&#146;s products include vinyl and aluminum 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 <U>www.drewindustries.com</U>. </FONT></P>

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<A NAME=A006></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Forward Looking
Statements </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>This press release contains
certain &#147;forward-looking statements&#148; within the meaning of the Private
Securities Litigation Reform Act of 1995 with respect to financial condition, results of
operations, business strategies, operating efficiencies or synergies, competitive
position, growth opportunities for existing products, plans and objectives of management,
markets for Drew common stock and other matters. Statements in this press release that are
not historical facts are &#147;forward-looking statements&#148; for the purpose of the
safe harbor provided by Section 21E of the Exchange Act and Section 27A of the Securities
Act. Forward-looking statements, including, without limitation those relating to our
future business prospects, revenues and income, wherever they occur in this press release,
are necessarily estimates reflecting the best judgment of our senior management, at the
time such statements were made, and involve a number of risks and uncertainties that could
cause actual results to differ materially from those suggested by forward-looking
statements. 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.
You should consider forward-looking statements, therefore, in light of various important
factors, including those set forth in this press release.</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&#146;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
steel, vinyl, aluminum, 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, national and regional economic conditions and consumer
confidence may affect the retail sale of recreational vehicles and manufactured homes.</I> </FONT></P>
<BR>

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


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