FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

INGERSOLL RAND CO 		2. Issuer Name and Ticker or Trading Symbol

TIMKEN CO [ TKR ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

200 CHESTNUT RIDGE RD, PO BOX 8738 		3. Date of Earliest Transaction (MM/DD/YYYY)

10/15/2003
(Street)

WOODCLIFF LAKE, NJ 07677
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   10/15/2003     S    9395973   D $15.71   0   D   (1)  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
(1)  Ingersoll-Rand Company directly owns these shares and each of Ingersoll-Rand Global Holding Company Limited (the parent company of Ingersoll-Rand Company), Ingersoll-Rand (Barbados) Holding Incorporated (the parent company of Ingersoll-Rand Global Holding Company Limited) and Ingersoll-Rand Company Limited (the parent company of Ingersoll-Rand (Barbados) Holding Incorporated) may be deemed to be an indirect beneficial owner of the shares for purposes of Section 16 of the Act.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
INGERSOLL RAND CO
200 CHESTNUT RIDGE RD
PO BOX 8738
WOODCLIFF LAKE, NJ 07677
X


Signatures
Ronald G. Heller, Vice President & Secretary 10/17/2003
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

FORM 4 (continued)

ATTACHMENT TO FORM 4

Joint Filer Information 

Reporting Person:               Ingersoll-Rand Global Holding Company Limited
Address:                        c/o Codan Services Limited
                                Clarendon House, 2 Church Street
                                Hamilton HM 11
                                Bermuda

Designated Filer:               Ingersoll-Rand Company

Name of Issuer & Ticker Symbol: The Timken Company (TKR)

Date of Event:                  October 15, 2003

Signature:                      /s/ Ronald G. Heller
                                ----------------------------------
                                Ronald G. Heller, Vice President
                                  & Assistant Secretary

Reporting Person:               Ingersoll-Rand (Barbados) Holding Incorporated
Address:                        c/o David King & Co.
                                First Floor, Trident House, Lower Broad Street
                                Bridgetown, Barbados

Designated Filer:               Ingersoll-Rand Company

Name of Issuer & Ticker Symbol: The Timken Company (TKR)

Date of Event:                  October 15, 2003

Signature:                      /s/ Ronald G. Heller
                                ----------------------------------
                                Ronald G. Heller, Secretary

Reporting Person:               Ingersoll-Rand Company Limited
Address:                        2 Church Street
                                Hamilton HM 11
                                Bermuda

Designated Filer:               Ingersoll-Rand Company

Name of Issuer & Ticker Symbol: The Timken Company (TKR)

Date of Event:                  October 15, 2003

Signature:                      /s/ Ronald G. Heller
                                ----------------------------------
                                Ronald G. Heller, Vice President
                                  & Secretary