UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549


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                                    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): OCTOBER 19, 2004
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                         DIAMOND OFFSHORE DRILLING, INC.
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               (Exact Name of Registrant as Specified in Charter)


DELAWARE                                1-13926                   76-0321760
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(State or Other Jurisdiction     (Commission File Number)       (IRS Employer
of Incorporation)                                            Identification No.)


                               15415 KATY FREEWAY
                              HOUSTON, TEXAS 77094
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              (Address of Principal Executive Offices and Zip Code)


Registrant's telephone number, including area code:  (281) 492-5300
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                                 NOT APPLICABLE
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          (Former name or former address, if changed since last report)


         Check the appropriate line 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))


                    INFORMATION TO BE INCLUDED IN THE REPORT


ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

         On October 19, 2004, Diamond Offshore Drilling, Inc. issued a press
release announcing its financial results for the fiscal quarter and nine-month
period ended September 30, 2004. A copy of such press release is furnished
herewith as Exhibit 99.1.

         The information furnished in this Current Report on Form 8-K, including
Exhibit 99.1, is being furnished pursuant to Item 2.02 of Form 8-K and shall not
be deemed "filed" with the Securities and Exchange Commission and will not be
incorporated by reference into any registration statement filed under the
Securities Act of 1933, as amended, unless specifically identified therein as
being incorporated by reference.


ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

     (c)  Exhibits. The following exhibit is furnished as part of Item 2.02 of
          this Current Report on Form 8-K:

      Exhibit number        Description
      --------------        -----------
           99.1             Press Release dated October 19, 2004


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                                   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.

                                            DIAMOND OFFSHORE DRILLING, INC.


                                            By: /s/ William C. Long
                                               ---------------------------------
                                               William C. Long
                                               Vice President, General Counsel 
                                               and Secretary

Dated:  October 19, 2004


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                                  EXHIBIT INDEX


   Exhibit number       Description
   --------------       -----------
        99.1            Press Release dated October 19, 2004