UNITED STATES

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

~~the~~Date ~~Securities~~of ~~Exchange~~Report ~~Act~~(Date of ~~1934~~earliest event reported): January 14, 2004

~~Date~~The ~~of Report~~Newhall ~~(Date~~Land ofand ~~earliest~~Farming ~~event~~Company (a ~~reported):~~California ~~December~~Limited ~~29, 2003~~Partnership)

The Newhall Land and Farming Company

( a California Limited Partnership )

(Exact name of registrant as specified in its charter)

California
(State or other jurisdiction of incorporation)
1-8885		95-3931727
(Commission File Number)		(IRS Employer Identification No.)
23823 Valencia Blvd., Valencia, CA 91355
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: 661-255-4000

California

(State or other jurisdiction of incorporation)

1-8885		95-3931727
(Commission File Number)		(IRS Employer Identification No.)

23823 Valencia Blvd., Valencia, CA 91355

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: 661-255-4000

Item 5. Other Events

The Newhall Land and Farming Company issued a news release on ~~December~~January 2914, ~~2003~~2004 announcing that, abased ~~Notice~~on preliminary accounting results, earnings for the fourth quarter of ~~Appeal~~2003 ~~was~~are ~~filed~~expected into ~~connection~~be approximately ~~with~~$1.38 per unit and earnings for the ~~Kern~~entire ~~County~~year ~~Superior~~are expected to ~~Court~~be ~~ruling~~approximately $2.25 per unit, which ~~discharged~~exceeds the ~~preemptory~~Company’s ~~writ~~previous earnings estimate of ~~mandate~~$1.80 into $1.90 per unit. In addition, the ~~Newhall~~Company announced that as a result of the increased earnings ~~Ranch~~estimate, ~~lawsuit~~the Company’s Board of Directors declared a special distribution of $0.15 per partnership unit, payable March 5, 2004, to unitholders of record January 23, 2004. A copy of the news release is filed herewith as Exhibit 99.1.

Item 7. Financial Statements and Exhibits

99.1 News Release – Newhall Land ~~Announces~~Updates ~~Appeal~~Earnings ofEstimate ~~Newhall Ranch~~for ~~Ruling~~2003 and Declares a Special Distribution

SIGNATURE

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.

THE NEWHALL LAND AND FARMING COMPANY

~~THE NEWHALL LAND AND FARMING COMPANY~~

(a California Limited Partnership)

~~(a California Limited Partnership)~~

Registrant

~~Registrant~~

By:

Newhall Management Limited Partnership,

~~By:~~

~~Newhall Management Limited Partnership,~~

Managing General Partner

~~Managing General Partner~~

By:

Newhall Management Corporation,

~~By:~~

~~Newhall Management Corporation,~~

Managing General Partner

~~Managing General Partner~~

Date: January 2, 2004

By:

/s/ Vicki M. Stiller

Date: January 16, 2004

By:

/s/ Donald L. Kimball

Vicki M. Stiller

Donald L. Kimball

Controller (Principal Accounting Officer)

Vice President and Chief Financial Officer (Principal Financial Officer)

Filing Compare · NEWHALL LAND & FARMING CO /CA/