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): July 13, 2004

RUSSELL CORPORATION

(Exact name of registrant as specified in its charter)

Alabama	0-1790	63-0180720
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

3330 Cumberland Blvd., Suite 800, Atlanta, Georgia	30339
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (678) 742-8000

Former name or former address, if changed since last report: None

TABLE OF CONTENTS

	Signatures
EX-99.1 PRESS RELEASE ISSUED JULY 13, 2004

Item 9. Regulation FD Disclosure

On July 13, 2004, Russell Corporation issued a press release setting forth a revised outlook of operating results for the 2nd quarter of 2004. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.

Item 7. Financial Statements and Exhibits

(c)      Exhibits

Exhibit No.	Description
99.1	Press Release issued July 13, 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.

		RUSSELL CORPORATION
July 13, 2004	By:	/s/ Floyd G. Hoffman
		Senior Vice President

EX-99.1

EXHIBIT 99.1

FOR IMMEDIATE RELEASE	CONTACT:	Roger Holliday (Financial)
		678/742-8181 or
		Nancy Young (Media)
		678/742-8118

RUSSELL CORPORATION EXPECTS TO REPORT
SECOND QUARTER RESULTS AHEAD OF ANALYSTS’ EXPECTATIONS

ATLANTA (July 13, 2004) – Russell Corporation (NYSE:RML) announced today that it expects to exceed analysts’ expectations for the second quarter ending July 4, 2004.

“We anticipate reporting ongoing second quarter earnings in the range of $.20 to $.22 per share, exceeding the current consensus estimate of $.15 per share,” said Jack Ward, chairman and CEO. “The acceleration of the cost savings from our Operational Improvement Program and improved manufacturing efficiencies from increased volume are contributing to the revised outlook for the second quarter.”

Russell also sold its interest in Marmot Mountain, Ltd., which will result in a one-time second quarter gain of $.085 per share. Russell had held a minority investment position in Marmot since October 2001. Including the one-time gain from this sale, second quarter earnings are expected to be in the range of $.28 to $.30 per share. Profits from the Marmot sale will be reinvested into special one-time projects or activities this year that can positively impact the company.

Russell previously announced that it expected second quarter earnings to be in the range of $.12 to $.18 per share. For the 2004 fiscal year, Russell had provided earnings guidance to be in the range of $1.40 to $1.60 per share and will update the projection in the second quarter conference call currently scheduled for July 29, 2004 at 8:30 a.m. EDT.

About Russell Corporation
Russell Corporation is a leading branded athletic and sporting goods company with over a century of success in marketing athletic uniforms, apparel and equipment for a wide variety of sports, outdoor and fitness activities. The company’s brands include: Russell Athletic, JERZEES, Spalding, AAI, Mossy Oak, Bike, Moving Comfort, Dudley, Cross Creek and Discus. The company’s common stock is listed on the New York Stock Exchange under the symbol RML and its website address is www.russellcorp.com.

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Forward Looking Statement This Press Release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some of these statements can be identified by terms and phrases such as “anticipate”, “believe”, “intend”, “expect”, “continue”, “could”, “may”, “plan”, “project”, “predict”, “will” and similar expressions and include references to assumptions that Russell believes are reasonable and relate to its future prospects, developments and business strategies. Factors that could cause Russell’s actual results to differ materially from those expressed or implied in such forward-looking statements include, but are not limited to: (a) Russell’s ability to implement and achieve the goals of its Operational Improvement Program and other cost saving initiatives; (b) risks associated with Russell’s marketing activities and long-term business strategies; (c) Russell’s efficient utilization of production facilities; (d) changes in customer demand for Russell’s products; and (e) other risk factors listed in Russell’s reports filed with the Securities and Exchange Commission from time to time. Russell undertakes no obligation to revise the forward-looking statements included in this Press Release to reflect any future events or circumstances. Russell’s actual results, performance or achievements could differ materially from the results expressed or implied by these forward-looking statements.