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): January 15, 2004

                               POLYONE CORPORATION
               (Exact name of registrant as specified in charter)

        Ohio                        1-16091                    34-1730488
       ------                       -------                    ----------
   (State or other                (Commission                    (I.R.S.
   jurisdiction of                File Number)                  Employer
   incorporation)                                          Identification No.)

            PolyOne Center, 33587 Walker Road, Avon Lake, Ohio 44012
               (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (440) 930-1000

         (Former name or former address, if changed since last report.)

Item 7 (c)    Financial Statements and Exhibits

Exhibit 99.1 -- Press Release of January 15, 2004, furnished herewith.

Item 12.      Results of Operations and Financial Condition

On January 15, 2004, the Registrant issued a press release, furnished herewith
as Exhibit 99.1, which included information to the effect that the Registrant
will record a non-cash charge for its fourth quarter 2003 as an impairment in
the net assets of discontinued operations which are held for sale. This
information shall not be deemed to be "filed" under the Securities Exchange Act
of 1934.


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.

                                           POLYONE CORPORATION

                                           By:  /s/ Michael J. Meier
                                                Michael J. Meier

Dated: January 15, 2004