UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 10-Q
(X)	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
	SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended January 31, 2005
OR
( )	TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE
	SECURITIES EXCHANGE ACT OF 1934
For the transition period from						To
Commission file number 1-9618
NAVISTAR INTERNATIONAL CORPORATION
			(Exact name of registrant as specified in its charter)
		Delaware					36-3359573
		(State or other jurisdiction of incorporation or organization)					(I.R.S. Employer Identification No.)
				4201 Winfield Road, P.O. Box 1488 Warrenville, Illinois 60555
				(Address of principal executive offices, Zip Code)
Registrant's telephone number, including area code (630) 753-5000
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months and (2) has been subject to such filing requirements for the past 90 days. Yes  X      No ___
Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Act.) Yes X    No __
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS
Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes ___ No ___
APPLICABLE ONLY TO CORPORATE ISSUERS:
As of March 31, 2005, the number of shares outstanding of the registrant's common stock was 70,024,485.

NAVISTAR INTERNATIONAL CORPORATION
AND CONSOLIDATED SUBSIDIARIES
INDEX
					Page Reference
Part I. Financial Information:					3
	Item 1. Condensed Consolidated Financial Statements
		Statement of Income
			Three Months Ended January 31, 2005 and 2004 (restated)		3
		Statement of Financial Condition
			January 31, 2005, October 31, 2004 and January 31, 2004 (restated)		4
		Statement of Cash Flow
			Three Months Ended January 31, 2005 and 2004 (restated)		5
		Notes to the Financial Statements			6
		Additional Financial Information			24
	Item 2. Management's Discussion and Analysis of Financial
		Condition and Results of Operations			26
	Item 3. Quantitative and Qualitative Disclosures
		About Market Risk			36
	Item 4. Controls and Procedures				36
Part II. Other Information:
	Item 1. Legal Proceedings				37
	Item 2. Unregistered Sales of Equity Securities and Use of Proceeds				38
	Item 5. Other Information				39
	Item 6. Exhibits				40
Signature					40

PART I - FINANCIAL INFORMATION
ITEM 1. Condensed Consolidated Financial Statements
STATEMENT OF INCOME (Unaudited)
Millions of dollars, except per share data
		Navistar International Corporation and Consolidated Subsidiaries
		Three Months Ended January 31
		2005			2004
					* As Restated
Sales and revenues
Sales of manufactured products		$	2,491		$	1,886
Finance revenue			62			56
Other income			5			3
Total sales and revenues			2,558			1,945
Costs and expenses
Cost of products and services sold			2,177			1,653
Restructuring and other non-recurring charges			-			4
Postretirement benefits expense			59			61
Engineering and research expense			77			64
Selling, general and administrative expense			176			149
Interest expense			33			32
Other expense			9			7
Total costs and expenses			2,531			1,970
Income (loss) before income taxes			27			(25	)
Income tax expense (benefit)			9			(11	)
Net income (loss)		$	18		$	(14	)
Earnings (loss) per share
Basic		$	0.25		$	(0.20	)
Diluted		$	0.24		$	(0.20	)
Average shares outstanding (millions)
Basic			70.1			69.2
Diluted			76.3			69.2
See Notes to Financial Statements. * See Note P to the Financial Statements.