SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 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): November 2, 2004

                                    MBIA INC.
             (Exact name of registrant as specified in its charter)

          Connecticut                      1-9583               06-1185706
(State or other jurisdiction of   (Commission File Number)    (IRS Employer
         incorporation)                                     Identification No.)

             113 King Street,
             Armonk, New York                                 10504

(Addresses of principal executive offices)                 (Zip Code)

               Registrant's telephone number, including area code:
                                  914-273-4545


                                 Not Applicable
          (Former name or former address, if changed since last report)





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:

|_| Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

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

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






Item 2.02.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

The following information, including the Exhibit to this Form 8-K, is being
furnished pursuant to Item 2.02 - Results of Operations and Financial Condition
of Form 8-K.

On November 2, 2004, MBIA Inc. issued a press release announcing its
results of operations for the fiscal quarter ended September 30, 2004. A copy of
the press release is attached as Exhibit 99.1 to this Form 8-K and is
incorporated by reference to this Item 2.02 as if fully set forth herein.

Item 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

99.1     Press Release issued by MBIA Inc. dated November 2, 2004.

This information is not deemed to be "filed" for the purposes of Section 18
of the Securities Exchange Act of 1934 and is not incorporated by reference into
any Securities Act registration statements.




                                   SIGNATURES

     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.

                                        MBIA INC.



                                        By: /s/ Ram D. Wertheim
                                            ---------------------
                                            Ram D. Wertheim
                                            General Counsel

Date: November 2, 2004




                   EXHIBIT INDEX TO CURRENT REPORT ON FORM 8-K
                             Dated November 2, 2004

Exhibit 99.1       Press Release issued by MBIA Inc. dated November 2, 2004.