8-K

                                  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

         Date of Report (Date of earliest event reported): July 1, 2004

                         Commission File Number 1-14959

                                BRADY CORPORATION
             (Exact name of registrant as specified in its charter)


          Wisconsin                                     39-0971239
  (State of Incorporation)                   (IRS Employer Identification No.)


                            6555 West Good Hope Road
                           Milwaukee, Wisconsin 53223
              (Address of Principal Executive Offices and Zip Code)


                                 (414) 358-6600
                         (Registrant's Telephone Number)




Item 5.  OTHER EVENTS AND REGULATION FD DISCLOSURE


On July 1, 2004, Brady Corporation announced that it had successfully completed
an offering of $150 million of 5.14 percent senior notes due 2014 in an offering
exempt from the registration requirements of the Securities Act of 1933. The
notes, which will be amortized over 7 years beginning in 2008, were offered and
sold to institutional accredited investors in a private placement. Brady intends
to use the net proceeds of the offering to reduce outstanding indebtedness under
the Company's revolving credit facilities and to fund its ongoing strategic
growth plan including the recent acquisition of EMED Company. Further
information is included in Brady's press release filed as Exhibit 99 to this
report and incorporated herein by reference.

                                    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 hereunto duly authorized.


                                             BRADY CORPORATION

Date: July 2, 2004                           /s/ David Mathieson
                                             -----------------------------------
                                             David Mathieson
                                             Vice President &
                                             Chief Financial Officer





                                  EXHIBIT INDEX

EXHIBIT
NUMBER           DESCRIPTION
- -------          -----------

99               Press Release of Brady Corporation dated July 1, 2004.

EX-99

                                                                      EXHIBIT 99


             Press Release of Brady Corporation, dated July 1, 2004.

For more information contact:
- ----------------------------
Barbara Bolens (414) 438-6940


BRADY CORPORATION ANNOUNCES SUCCESSFUL COMPLETION OF $150 MILLION DEBT OFFERING

MILWAUKEE (July 1, 2004)--Brady Corporation (NYSE:BRC), a world leader in
identification solutions, announced today that it has successfully completed an
offering of $150 million of 5.14 percent senior notes due 2014 in an offering
exempt from the registration requirements of the Securities Act of 1933. The
notes, which will be amortized over 7 years beginning in 2008, were offered and
sold to institutional accredited investors in a private placement. Brady intends
to use the net proceeds of the offering to reduce outstanding indebtedness under
the Company's revolving credit facilities and to fund its ongoing strategic
growth plan including the recent acquisition of EMED Company.

         "We are pleased with the positive response that we received for this
Note offering, which now frees capacity in our revolving credit facilities. This
allows us the flexibility to pursue opportunities for further growth and provide
additional long-term value to our shareholders," said Brady President and Chief
Executive Officer Frank M. Jaehnert.

         "While the fixed interest cost of the Notes is higher than the current
variable rate, we believe that by locking in a long-term fixed interest rate
which is currently near historically low levels, we can reduce our exposure to
variable short-term rates that may rise significantly over time," said David
Mathieson, Brady chief financial officer.

         The Notes will not be registered for resale under the Securities Act
and may not be offered or sold absent such registration or an applicable
exemption from the registration requirements of the Securities Act and
applicable state securities laws.

         Brady Corporation is an international manufacturer and marketer of
complete identification solutions and specialty materials, with products
including labels, software, printing systems, label-application and
data-collection systems, signs, safety devices and precision die-cut materials
for manufacturing, electrical, electronic, telecommunications and a variety of
other markets. Seton, a Brady business, offers safety and facility
identification products through mail-order catalogs and on the Internet. Founded
in 1914, Brady is headquartered in Milwaukee and employs about 4,000 people in
operations in the United States, Europe, Asia/Pacific, Latin America and Canada.
Brady's fiscal 2003 sales were approximately $555 million. More information is
available on the Internet at www.bradycorp.com.

                                       ###

This news release contains forward-looking information, as defined in the
Private Securities Litigation Reform Act of 1995. Forward-looking information in
this release involves risks and uncertainties, including, but not limited to,
domestic and international economic conditions and growth rates; fluctuations in
currency exchange rates for international currencies versus the U.S. dollar; the
successful implementation of a new enterprise-resource-planning system; the
ability of the company to acquire, integrate and achieve anticipated synergies
from new businesses; the ability of the company to adjust its cost structure to
changes in levels of sales and product mix in a timely manner; variations in the
economic or political conditions in the countries in which the company does
business; technology changes; and the continued availability of sources of
supply. Brady cautions that forward-looking statements are not guarantees, since
there are inherent difficulties in predicting future results, and that actual
results could differ materially from those expressed or implied in
forward-looking statements.