8-K

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

Date of Report (Date of earliest event reported): May 24, 2004

SAVE THE WORLD AIR, INC.

(Exact name of registrant as specified in charter)

Nevada	0-29185	52-2088326
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

5125 Lankershim Boulevard, North Hollywood, California 91601

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (818) 487-8000

(Former name or former address, if changed since last report)

TABLE OF CONTENTS

	Item 5. Other Events.
	Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
SIGNATURES
Exhibit 99

Item 5. Other Events.

Attached hereto as Exhibit 99 is a copy of the press release issued by Save the World Air, Inc. on May 28, 2004, regarding its 2004 Annual Meeting of Stockholders and annual meeting of the Board of Directors.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

     (c) Exhibits. The following exhibit is filed herewith:

Exhibit
Number	Document
99	Press release issued by Save the World Air, Inc. on May 28, 2004.

SIGNATURES

     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.

Date: May 28, 2004	SAVE THE WORLD AIR, INC.
	By:	/s/ Eugene E. Eichler
		Eugene E. Eichler
		President and Chief Financial Officer

EX-99

Exhibit 99

SAVE THE WORLD AIR, INC. ELECTS BOARD AND OFFICERS

     North Hollywood (May 28, 2004) – Save the World Air, Inc. (Pink Sheets: ZERO) held its 2004 Annual Meeting of Stockholders on May 24, 2004, at which the following individuals were elected as directors of the company:

Edward L. Masry

Eugene E. Eichler

Bruce H. McKinnon

Robert F. Sylk

Hon. John J. Brown

John F. Price, Ph.D.

Joseph Helleis

     Stockholders also approved a new option plan for the company and ratified the appointment of the company’s auditor for the current fiscal year.

     “I am heartened by the strong turnout by the company’s stockholders, including so many from overseas,” observed Edward L. Masry, Chairman of the Board and Chief Executive Officer of the company. “We appreciate the continued support of our stockholders and welcome their participation and high degree of interest in their company’s affairs”.

     At the Board of Directors’ annual meeting, which followed the stockholders’ meeting, the newly-elected board appointed officers of the company as follows:

Edward L. Masry	Chairman of the Board and Chief Executive Officer
Eugene E. Eichler	President, Chief Financial Officer and Treasurer
Bruce H. McKinnon	Chief Operating Officer and Executive Vice President of Business Development
Nate Shelton	Vice President of Marketing and Sales
Janice Holder	Secretary

     “We have a strong management team to lead our company,” commented Eugene E. Eichler, President of the company. “This is the team that speaks for the company and will help us move forward.”

     Save the World Air, Inc. is engaged in the research and development of a device, called ZEFS, designed to solve the complex problems caused by automobile pollution for carbureted, fuel injection gasoline engines and engines that use diesel fuels. It is also in the process of adapting other proprietary technologies to work on 2/4 stroke engines.