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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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                                    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 13, 2003

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                                HOLLY CORPORATION
             (Exact name of Registrant as specified in its charter)

           DELAWARE                     001-03876               75-1056913
       (State or other          (Commission File Number)     (I.R.S. Employer
jurisdiction of incorporation)                            Identification Number)

     100 CRESCENT COURT,                                        75201-6927
          SUITE 1600                                            (Zip code)
        DALLAS, TEXAS
    (Address of principal
      executive offices)


       Registrant's telephone number, including area code: (214) 871-3555

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


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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

(c)      EXHIBITS.

99.1     --       Press Release of the Company issued November 13, 2003.*

ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

         The following information is furnished pursuant to Item 12, "Results
of Operations and Financial Condition."

         On November 13, 2003, Holly Corporation (the "Company") issued a press
release announcing the Company's earnings for the third quarter of 2003. A copy
of the Company's press release is attached hereto as Exhibit 99.1 and
incorporated herein in its entirety.

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         * Filed herewith.




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                                   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 thereunto duly authorized.

                                    HOLLY CORPORATION

                                    By: /s/ Stephen J. McDonnell
                                       -----------------------------------------
                                        Stephen J. McDonnell
                                        Vice President and Chief Financial
                                        Officer

Date: November 14, 2003




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                                  EXHIBIT INDEX



         EXHIBIT
         NUMBER                             EXHIBIT TITLE
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         99.1     --       Press Release of the Company issued November 13, 2003.