SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

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                                    FORM 8-K

                                 CURRENT REPORT

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                       Pursuant to Section 13 or 15(d) of

                       the Securities Exchange Act of 1934



         Date of Report (Date of earliest event reported): May 20, 2004


                                  TIFFANY & CO.

             (Exact name of Registrant as specified in its charter)



           Delaware                       1-9494                13-3228013
(State or other jurisdiction of   (Commission File Number)   (I.R.S. Employer
        incorporation)                                    Identification Number)


  727 Fifth Avenue, New York, New York                            10022
(Address of principal executive offices)                        (Zip Code)




Registrant's telephone number, including area code:  (212) 755-8000





Item 5. Other Events.

On May 20, 2004,  Tiffany & Co. issued a press release announcing an increase in
its quarterly dividend by 20%.

A copy of the May 20, 2004 press  release is attached  hereto as Exhibit 99.1 to
this Form 8-K and is incorporated by reference herein.


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

    (c) Exhibits

        99.1 Press Release dated May 20, 2004








                                    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 thereunto duly authorized.

                                            TIFFANY & CO.


                                       BY:  /s/ Patrick B. Dorsey
                                            ____________________________________
                                            Patrick B. Dorsey
                                            Senior Vice President, Secretary and
                                            General Counsel



Date: May 20, 2004






                                  EXHIBIT INDEX


Exhibit No.   Description

99.1          Text of Press Release issued by Tiffany & Co., dated May 20, 2004.