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

April 28, 2005
Date of report (Date of earliest event reported)

       TOOTSIE ROLL INDUSTRIES, INC.
(Exact Name of Registrant as Specified in Its charter)



        Virginia
(State or Other Jurisdiction of Incorporation)

        001-01361 
(Commission File Number)

        22-1318955 
(I.R.S. Employer Identification No.)

 7401 South Cicero Avenue, Chicago, Illinois  60629
(Address of Principal Executive Offices)   (Zip Code)

        773-838-3400
(Registrant's Telephone Number, Including Area Code)

        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.
 
    On April 28, 2005, Tootsie Roll Industries, Inc. issued a press release
(the "release") announcing its results of operations and financial condition for
the first quarter ended April 2, 2005. A copy of the release is attached
hereto as Exhibit 99.1 and incorporated herein by reference. 

    The information in the release and in this Item 2.02 is "furnished" and not
"filed" for purposes of Section 18 of the Securities and Exchange Act of 1934,
or otherwise subject to the liabilities of that section. Such information may 
only be incorporated by reference in another filing under the Securities 
Exchange Act of 1934 or the Securities Act of 1933 only if and to the extent
such subsequent filing specifically references such information.
 
Item 9.01.	Financial Statements and Exhibits. 

(c) The following exhibit is furnished with this report: 

Exhibit 99.1     Press Release of Tootsie Roll Industries, Inc., dated 
                 April 28, 2005.

 


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 under-
signed thereunto duly authorized. 


April 28, 2005              TOOTSIE ROLL INDUSTRIES, INC.
                            By:  /s/G. HOWARD EMBER, JR.
                                 G. Howard Ember, Jr.
                                 Vice President/Finance and
                                 Chief Financial Officer 

 


EXHIBIT INDEX
 
Exhibit No. 	      Description 

99.1   Press Release of Tootsie Roll Industries, Inc., dated April 28, 2005.


 
Tootsie Roll Industries, Inc.
7401 South Cicero Avenue
Chicago, IL  60629
Phone 773/838-3400
Fax   773/838-3534

Press Release

STOCK TRADED:  NYSE           FOR IMMEDIATE RELEASE
TICKER SYMBOL: TR             Monday, April 28, 2005

CHICAGO, ILLINOIS - April 28, 2005 - Melvin J. Gordon,
Chairman,Tootsie Roll Industries, Inc. reported first
quarter 2005 sales and earnings. First quarter 2005 sales
were $97,925,000 compared to $80,046,000 in the first
quarter 2004, an increase of $17,879,000 or 22%. First
quarter 2005 sales benefited from $17,345,000 of sales 
from the Concord Confections business which was acquired
on August 30,2004.

First quarter 2005 net earnings were $12,506,000 compared
to first quarter 2004 net earnings of $11,493,000.  First
quarter net earnings per share were $.23 in 2005 compared
to $.21 per share in 2004, an increase of $.02 per share 
or 9 1/2%.  

Mr. Gordon said, "First quarter 2005 results were aided by
the Concord acquisition. However, higher interest expense
and lower investment income which reflects the financing of
the Concord acquisition had an adverse impact on first 
quarter 2005 results.  The Company's per share earnings
benefited from common stock purchases in the open market 
in 2004 and 2005 and resulting fewer shares outstanding."

 



                 TOOTSIE ROLL INDUSTRIES
            CONSOLIDATED STATEMENTS OF EARNINGS
  FOR THE 13 WEEKS ENDED APRIL 2, 2005 & APRIL 3, 2004





                                  FIRST QUARTER ENDED

                                 2005              2004   

Net Sales                    $ 97,925,000     $ 80,046,000

Net Earnings                 $ 12,506,000     $ 11,493,000

*Earnings Per Share               $0.23            $0.21


*Average Shares Outstanding    53,720,000       54,153,000



*Based on average shares outstanding adjusted for 3% stock
 dividends distributed April 14, 2005 and April 14, 2004.