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): November 17, 2004

                                    MBIA INC.
             (Exact name of registrant as specified in its charter)

            Connecticut                  1-9583                   06-1185706
  (State or other jurisdiction of  (Commission File Number)     (IRS Employer
           incorporation)                                    Identification No.)

             113 King Street,
             Armonk, New York                                 10504

(Addresses of principal executive offices)                 (Zip Code)

               Registrant's telephone number, including area code:
                                  914-273-4545


                                 Not Applicable
          (Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

|_| Written communications pursuant to Rule 425 under the Securities Act
   (17 CFR 230.425)

|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))



Item 8.01.  OTHER EVENTS.

The following information, including the Exhibit to this Form 8-K, is being
furnished pursuant to Item 8.01 - Other Events of Form 8-K.

On November 17, 2004, MBIA Inc. issued a press release announcing the
pricing of a public offering of $350 million aggregate principal amount of its
5.70 percent senior notes due 2034. MBIA Inc. also announced its plan to use a
portion of the proceeds from the public offering to redeem, on or about December
21, 2004, the outstanding $50 million aggregate principal amount of its 6.95
percent senior notes due 2038 and to redeem, in December 2005, the outstanding
$100 million aggregate principal amount of its 8.00 percent notes due 2040. A
copy of the press release is attached as Exhibit 99.1 to this Form 8-K and is
incorporated by reference to this Item 8.01 as if fully set forth herein.

Item 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

99.1     Press Release issued by MBIA Inc. dated November 17, 2004.

This information is not deemed to be "filed" for the purposes of Section 18
of the Securities Exchange Act of 1934 and is not incorporated by reference into
any Securities Act registration statements.




                                   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.

                                         MBIA INC.



                                         By: /s/ Ram D. Wertheim
                                             --------------------------------
                                             Ram D. Wertheim
                                             General Counsel

Date: November 17, 2004




                   EXHIBIT INDEX TO CURRENT REPORT ON FORM 8-K
                             Dated November 17, 2004

Exhibit 99.1       Press Release issued by MBIA Inc. dated November 17, 2004.

EX-99.1

                                                                    Exhibit 99.1

MBIA Prices $350 Million of 30-Year Senior Notes

    ARMONK, N.Y.--(BUSINESS WIRE)--Nov. 17, 2004--MBIA Inc. (NYSE:MBI)
announced the pricing of a public offering of $350 million aggregate
principal amount of senior notes due 2034. The issue carries a fixed
coupon of 5.70 percent and the offering price to the public is 99.585
percent of the principal amount. The sale of the notes is expected to
close on November 24, 2004.
    Proceeds of the debt offering will be used to redeem the
outstanding $50 million aggregate principal amount of MBIA's 6.95
percent notes due 2038 (NYSE:MBD) and for general corporate purposes.
It is also anticipated that proceeds will be used to redeem the
outstanding $100 million aggregate principal amount of MBIA's 8.00
percent notes due 2040 (NYSE:MBE) in December 2005.
    Today, MBIA notified J. P. Morgan Trust Company, N.A., as
successor trustee, that it has elected to redeem all of the
outstanding 6.95 percent notes on or about December 21, 2004, at a
redemption price equal to 100 percent of the principal amount plus
accrued and unpaid interest thereon to the date of redemption.
    J. P. Morgan Securities Inc. and Lehman Brothers Inc. are acting
as joint book-running managers for the offering. The issue is expected
to be rated Aa2 by Moody's Investors Service, AA by Standard & Poor's
Ratings Services and AA by Fitch Ratings.
    This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any offer or sale
of the notes in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any jurisdiction.

    MBIA Inc., through its subsidiaries, is a leading financial
guarantor and provider of specialized financial services. MBIA's
innovative and cost-effective products and services meet the credit
enhancement, financial and investment needs of its public and private
sector clients, domestically and internationally. MBIA Inc.'s
principal operating subsidiary, MBIA Insurance Corporation, has a
financial strength rating of Triple-A from Moody's Investors Service,
Standard & Poor's Ratings Services, Fitch Ratings, and Rating and
Investment Information, Inc. Please visit MBIA's Web site at
http://www.mbia.com.

    CONTACT: MBIA Inc.
             Elizabeth James, 914-765-3889