Washington, DC 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): March 14, 2005
                                 NIKE, INC. 

          (Exact Name of Registrant as Specified in Charter) 
       Oregon                  1-10635                 93-0584541 
    ____________             ____________             ____________

   (State of                  (Commission            (I.R.S.Employer 
   Incorporation)            File Number)          Identification No.) 
                             One Bowerman Drive
                         Beaverton, Oregon 97005-6453 

                   (Address of Principal Executive Offices)                 

                               (503) 671-6453
             (Registrant's telephone number, including area code) 

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 (See General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act 
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under Exchange Act (17 
    CFR 240.14a-12)

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

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


Item 1.01     Entry into a Material Definitive Agreement.

On March 14, 2005, NIKE, Inc. (the "Company") and its President and 
Chief Executive Officer, William D. Perez, entered into the Dassault 
Falcon 2000EX Time-Sharing Agreement.

The following description of the Dassault Falcon 2000EX Time-Sharing 
Agreement briefly summarizes the terms and conditions that are material 
to us and are qualified in their entirety by reference to the full text 
of the Agreement, which is filed as exhibit 10.1 to this current report 
on Form 8-K.

The Agreement permits the Company, as owner of a private aircraft, to 
lease the aircraft and its crew for flights by Mr. Perez for non-
business purposes.  The Agreement is required under Federal Aviation 
Administration regulations for Mr. Perez to pay the Company for the use 
of the aircraft.  Under the Agreement, Mr. Perez will pay to the 
Company the aggregate incremental cost of each such flight based on the 
list of expenses authorized by federal regulations.  The Company and 
flight crew retain the authority to determine what flights may be 
scheduled, when a flight may be cancelled or changed for safety or 
maintenance reasons.  The Agreement terminates when Mr. Perez ceases to 
serve in the capacity of at least President or Chief Executive Officer 
of the Company.

Item 9.01     Financial Statements and Exhibits.

(c)     Exhibits

       10.1     Dassault Falcon 2000EX Time-Sharing Agreement


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. 

                                     NIKE, Inc.

                                         /s/ Donald W. Blair
Date: March 15, 2005              By: _______________________________
                                         Donald W. Blair, 
                                         Chief Financial Officer