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**UNITEDSTATES****SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

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**FORM8-K**

CURRENTREPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934

Date ofReport (Date of Earliest Event Reported): November 10,2004

THE CLOROXCOMPANY(Exact name of registrant as specified in itscharter)

| **Delaware**                          |
|---------------------------------------|
|  (State or other jurisdiction of |
| incorporation or organization)        |

****

| **1-07151**             | **31-0595760**                      |
|-------------------------|-------------------------------------|
| (CommissionFile Number) | (I.R.S.Employer Identification No.) |

**1221Broadway****,****Oakland, California****94612-1888******(Address of principal executiveoffices)    (Zip code)

**(510) 271-7000******(Registrant's telephone number, includingarea code)

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(Formername or former address, if changed since last report)

Check the appropriate boxbelow if the Form 8-K filing is intended to simultaneously satisfythe filing obligation of the registrant under any of the followingprovisions (see General Instruction A.2.)

[ ]  Writtencommunications pursuant to Rule 425 Under the Securities Act (17CFR 230.425)

[ ]  Solicitingmaterial pursuant to Rule 14a-12 under the Exchange Act (17 CFR240.14a-12)

[ ]  Pre-commencementcommunications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))

[ ]  Pre-commencementcommunications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR 240.13e-4(c))

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ITEM 1.01  ENTRY INTOA MATERIAL DEFINITIVE AGREEMENT

On November 10, 2004, TheClorox Company (the “Company”) entered into dealeragreements (the “Agreements”) with J.P MorganSecurities Inc., Banc of America Securities LLC, Goldman, Sachs& Co. and Citigroup Global Markets Inc. (collectively, the“Dealers”) and an Issuing and Paying Agency Agreementwith JPMorgan Trust Company, N.A. (the “AgencyAgreement”) relating to a commercial paper program beingestablished to provide the initial financing for the previouslyannounced transaction in which Henkel KGaA (“Henkel”)will acquire a subsidiary of the Company in exchange for all of theCompany common stock owned by a Henkel subsidiary.

All of the Dealers,directly or through affiliates, have pre-existing relationshipswith the Company, including participation in the Company’srevolving credit lines. In addition, Banc of America has acted as aforeign exchange trader for the Company and has participated in theCompany’s prior share repurchase programs. Citigroup hasacted as a foreign exchange trader, provided international cashmanagement services, participated in prior share repurchaseprograms, acted as an underwriter of a prior bond offering andparticipated in derivative transactions. J.P. Morgan has providedcommercial paper safekeeping services, been an underwriter of aprior bond offering, participated in derivative transactions,participated in prior share repurchase programs and providedinvestment banking advisory services. Goldman Sachs has providedinvestment banking advisory services.

The Agreements provide theterms under which the Dealers will arrange for the sale ofcommercial paper notes (“Notes”) by the Company andcontain customary representations, warranties and covenants. Thematurities of the Notes will vary, but may not exceed 397 days. Theprincipal amount of outstanding Notes may not exceed$2,200,000,000. The Notes are in addition to commercial paper andother borrowings issued in the ordinary course of business asnecessary to finance working capital. The Notes will bear interestat a variable rate dependent on market conditions. The Companyexpects to refinance $1,500,000,000 to $1,700,000,000 of the Noteswith term debt in the future. The Agency Agreement provides for theissuance and payment of the Notes.

Complete Copies of theAgreements and the Agency Agreement are attached as Exhibits 10.1,10.2, 10.3,10.4 and 10.5.

Item 2.03  CREATIONOF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION AND OFF-BALANCESHEET ARRANGEMENT

See Item 1.01.

ITEM9.01  FINANCIAL  STATEMENTS AND EXHIBITS
| ExhibitNumber | Title                                                                                                                |
|---------------|----------------------------------------------------------------------------------------------------------------------|
| 10-1          | CommercialPaper Dealer Agreement between The Clorox Company, as Issuer andBanc of America Securities LLC, as Dealer  |
| 10-2          | CommercialPaper Dealer Agreement between The Clorox Company, as Issuer andCitigroup Global Markets Inc., as Dealer   |
| 10-3          | CommercialPaper Dealer Agreement between The Clorox Company, as Issuer andGoldman, Sachs & Co., as Dealer        |
| 10-4          | CommercialPaper Dealer Agreement between The Clorox Company, as Issuer and J.P. Morgan Securities Inc., as Dealer    |
| 10-5          | Issuing andPaying Agency Agreement by and between The Clorox Company andJPMorgan Trust Company, National Association |
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SIGNATURES

Pursuant to therequirements of the Securities Exchange Act of 1934, the registranthas duly caused this report to be signed on its behalf by theundersigned, thereunto duly authorized.

                                                                       THE CLOROX COMPANY

Date:  November 16,2004                             By: /s/ PETER D. BEWLEY

                                                                                   Peter D. Bewley

                                                                                   Senior Vice President –

                                                                                   General Counsel

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