Washington, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                                October 21, 2004

                Date of Report (Date of earliest event reported)

                                 H&R BLOCK, INC.
             (Exact name of Registrant as specified in its charter)

      Missouri                      1-6089                  44-0607856
      --------                      ------                  ----------
      (State of         (Commission File Number)         (I.R.S. Employer
    Incorporation)                                    Identification Number)

                  4400 Main Street, Kansas City, Missouri 64111
               (Address of Principal Executive Offices) (Zip Code)

                                 (816) 753-6900
              (Registrant's telephone number, including area code)

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

Item 1.01  Entry into a Material Definitive Agreement

      On October 21, 2004, H&R Block, Inc. (the "Company") and Block Financial
Corporation entered into an Underwriting Agreement with JP Morgan Securities
Inc. and Merrill Lynch, Pierce Fenner & Smith Incorporated, as representatives
of the several underwriters named therein, in connection with the issuance and
sale by BFC of an aggregate of $400,000,000 of principal amount of BFC's
5.125% Notes due 2014 (the "Notes"), which are fully and unconditionally
guaranteed by the Company pursuant to guarantees (the "Guarantee") endorsed on
the Notes. The closing of the sale of the Notes and the Guarantee will occur on
October 26, 2004. The form of the Notes and Guarantee is filed as Exhibit 4.1
and the Officers' Certificate establishing the terms of the Notes is filed as
Exhibit 4.2.

Item 8.01  Other Events

      The Company is filing certain exhibits to its Registration Statement on
Form S-3 (Nos. 333-118020; 333-118020-01) under Item 9.01 hereof in connection
with the completion of a public offering of $400 million in aggregate principal
amounts of BFC's 5.125% Notes due 2014 on October 26, 2004. The pricing of the
offering was previously announced in the Company's press release dated October
21, 2004, which is attached hereto as Exhibit 99.1 and incorporated by reference

Item 9.01. Financial Statements and Exhibits

Exhibit Number  Description
--------------  -----------

1.1             Block Financial Corporation Debt Securities
                Underwriting Agreement Standard Provisions

4.1             Officers' Certificate of Block Financial Corporation
                establishing the terms of the 5.125% Notes due

4.2             Form of 5.125% Notes due 2014.

5.1             Opinion of Stinson Morrison Hecker LLP.

23.1            Consent of Stinson Morrison Hecker LLP (included
                in Exhibit 5.1)

25.1            Form T-1, Statement of Eligibility under the
                Trust Indenture Act of 1939 of Deutsche Bank
                Trust Company Americas, as trustee.

99.1            Press Release, dated October 21, 2004


      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this to be signed on its behalf by the undersigned,
hereunto duly authorized.

                               H&R BLOCK, INC.

Dated: October 26, 2004
                               By: /s/ Bret G. Wilson              
                                   Bret G. Wilson
                                   Vice President and Secretary