Table of Contents Item 1.  Business  15  Item 2.  Properties  19  Item 3.  Legal Proceedings  20  Item 4.  Submissions of Matters to a Vote of Security Holders  20  Supplementary Item  Executive Officers of Registrant  20  Item 5.  Market for the Registrant’s Common Stock and Related Stockholder Matters  22  Item 6.  Selected Financial Data  22  Item 7.  Management’s Discussion and Analysis of Financial Condition and Results of Operations  23  Item 7a.  Quantitative and Qualitative Disclosures about Market Risk  41  Item 8.  Financial Statements and Supplementary Data  47  Item 9.  Changes In and Disagreements with Accountants on Accounting and Financial Disclosures  86  Item 9A  Controls and Procedures  87  Item 15.  Exhibits, Financial Statement Schedules and Reports on Form 8-K  90  Signatures 98  Item 10.  Directors and Executive Officers of the Registrant  88  Item 11.  Executive Compensation  88  Item 12.  Security Ownership of Certain Beneficial Owners and Management  88  Item 13  Certain Relationships and Related Transactions  89  Item 14.  Principal Accounting Fees and Services  89  Page  Part I.  Part II.  Part III  Part IV.  HARSCO CORPORATION 2003 ANNUAL REPORT 13 For the fiscal year ended December 31, 2003 Form 10-K 