CUSIP No.  435758305

1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
   										 
BROWN BROTHERS HARRIMAN & CO. 
13-4973745

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
(a) [ ]
(b) [ ]

3. SEC USE ONLY

4. CITIZENSHIP OR PLACE OF ORGANIZATION


U. S. A.

5. SOLE VOTING POWER

5894544

6. SHARED VOTING POWER

1143432

7. SOLE DISPOSITIVE POWER

5894544

8. SHARED DISPOSITIVE POWER

1143432

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

7037976

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES CERTAIN SHARES*

[ ]

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW [9]

18.84

12. TYPE OF REPORTING PERSON*

HC

CUSIP No.  435758305

1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
   										 
BROWN BROTHERS HARRIMAN TRUST COMPANY
13-3193410

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
(c) [ ]
(d) [ ]

3. SEC USE ONLY

4. CITIZENSHIP OR PLACE OF ORGANIZATION

U. S. A.

5. SOLE VOTING POWER

5894544

6. SHARED VOTING POWER

1143432

7. SOLE DISPOSITIVE POWER

5894544

8. SHARED DISPOSITIVE POWER

1143432

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

7037976

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES CERTAIN SHARES*

[ ]

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW [9]

18.84

12. TYPE OF REPORTING PERSON*

HC

CUSIP No.  435758305

1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
   										 
BROWN BROTHERS HARRIMAN TRUST COMPANY OF TEXAS
75-2310600

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
(e) [ ]
(f) [ ]

3. SEC USE ONLY

4. CITIZENSHIP OR PLACE OF ORGANIZATION

U. S. A.

5. SOLE VOTING POWER

5894544

6. SHARED VOTING POWER

1143432

7. SOLE DISPOSITIVE POWER

5894544

8. SHARED DISPOSITIVE POWER

1143432

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

7037976

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES CERTAIN SHARES*

[ ]

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW [9]

18.84

12. TYPE OF REPORTING PERSON*

BK 							
			 

Item 1 (a). Name of Issuer:

Holly Corporation

Item 1 (b). Address of issuer's principal executive offices:

100 Crescent Court
Suite 1600
Dallas,  TX 75201-1880

Item 2 (a). Name of person filing:

Brown Brothers Harriman & Co.

Item 2(b). Address of principal business office:

140 Broadway
New York City, NY 10005

Item 2(c). Citizenship:

U.S.A.

Item 2(d). Title of class of securities:

Common

Item 2(e). CUSIP Number:

435758305

Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-
2(b), check whether the person filing is a:

(b)  /__ /  Bank as defined in Section 3(a)(6) of the Act.

(g) / X /  Parent holding company, in accordance with Subsection 240
13d-1(b)(ii)(G).

Item 4. Ownership:

	(a)	Amount beneficially owned:

		7,037,976

	(b)	Percent of class:

		18.84%

	(c)	Number of shares as to which such person has:

		(i)	Sole power to vote or to direct the vote

			5,894,544			

(ii)	Shared power to vote or to direct the vote

			1,143,432

(iii)	Sole power to dispose or to direct the disposition of

			5,894,544

(iv)	Shared power to dispose or to direct the disposition 
of

			1,143,432

			
Item 5. Ownership of 5 Percent or Less of a Class

N/A

Item 6. Ownership of More than 5 Percent on Behalf of Another Person

The reported shares are held in various fiduciary accounts, and 
accordingly, dividends, and the proceeds of sales of such shares, are 
payable to other persons, including such accounts, the beneficiaries or 
settlors thereof or a combination of such persons. In certain instances, 
other persons (including beneficiaries and settlors) may be deemed to 
have the power to direct receipt of dividends or the proceeds of the 
sale of shares reported herein. To the best of the undersigned's 
knowledge and belief, no one other person has such an economic interest 
relating to more than 5% of the class of reported shares.


Item 7. Identification and Classification of the Subsidiary 
        Which Acquired the Security Being Reported on By the Parent 
        Holding Company

The securities being reported are beneficially owned by certain trusts 
of which Brown Brothers Harriman Trust Company of Texas is the Trustee 
or Co-Trustee.   Brown Brothers Harriman Trust Company of Texas is a 
wholly owned subsidiary of Brown Brothers Harriman Trust Company which 
is a wholly owned subsidiary of Brown Brothers Harriman & Co.   A copy 
of the Agreement by and between Brown Brothers Harriman & Co., Brown 
Brothers Harriman Trust Company, and Brown Brothers Harriman Trust 
Company of Texas authorizing the filing of one Schedule 13G on behalf of 
each company is set forth below:

AGREEMENT

The undersigned hereby agree to file jointly the attached statement or 
amendment on Schedule 13G and any further amendments thereto pursuant to 
Regulation 13G promulgated by the Securities and Exchange Commission 
under the Securities Exchange Act of 1934.   Such filing shall be made 
by Brown Brothers Harriman & Co. on its behalf and on behalf of the 
other parties hereto.


Item 8. Identification and Classification of Members of the Group

N/A

Item 9. Notice of Dissolution of Group
N/A

Item 10. Certification 

By signing below, I certify that, to the best of my knowledge and 
belief, the securities referred to above were acquired in the ordinary 
course of business and were not acquired for the purposes of and do not 
have the effect of changing or influencing the control of the issuer of 
such securities and were not acquired in connection with or as a 
participant in any transaction having such purpose of effect.

Disclaimer of Beneficial Ownership

The undersigned expressly declare that the filing of this Schedule 13G 
shall not be construed as an admission that the undersigned are, for 
purpose of Sections 13(d) and 13(g) of the Securities Exchange Act of 
1934,the beneficial owners of any securities covered by this Schedule 
13G.

Signature

After reasonable inquiry and to the best of my knowledge and belief, I 
certify that the information set forth in this statement is true, 
complete and correct.

Dated:	January 20, 2005
BROWN BROTHERS HARRIMAN & CO.
By:   Richard Stork
      Compliance Officer
							
BROWN BROTHERS HARRIMAN TRUST COMPANY					
By:	Kurt Fuchs
	Vice president

BROWN BROTHERS HARRIMAN TRUST COMPANY OF TEXAS
By:	David Sharman
	Vice President