UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              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):      OCTOBER 16, 2003
                                                    ----------------------------


                         DIAMOND OFFSHORE DRILLING, INC.
               (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
              (Address of Principal Executive Offices and Zip Code)



Registrant's telephone number, including area code:           (281) 492-5300
                                                    ----------------------------


                                 NOT APPLICABLE
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          (Former name or former address, if changed since last report)


                    INFORMATION TO BE INCLUDED IN THE REPORT



ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
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           (c) Exhibits. The following exhibit is furnished as part of this
Current Report on Form 8-K:

       Exhibit number          Description
       --------------          -----------

           99.1                Press release dated October 16, 2003


ITEM 12.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION
          ---------------------------------------------

         On October 16, 2003, Diamond Offshore Drilling, Inc. issued a press
release announcing its financial results for the fiscal quarter ended September
30, 2003. 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, 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.



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                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, 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 &
                                             Secretary

Dated:  October 16, 2003




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                                  EXHIBIT INDEX


       Exhibit number          Description
       --------------          -----------

           99.1                Press release dated October 16, 2003









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