FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0104 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person *   Raines Julian Paul 2. Date of Event Requiring Statement (Month/Day/Year) 01/31/2005 3. Issuer Name and Ticker or Trading Symbol HOME DEPOT INC [HD] (Last) (First) (Middle) 2455 PACES FERRY ROAD 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Division President - Southern 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) ATLANTA, GA 30339 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) $.05 Common Stock (1) 12,500 D   $.05 Common Stock (2) 1,086.0208 I By 401(k) Trust $.05 Common Stock 232.007 I By IRA

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Options	  (3)	05/30/2010	Common Stock	2,040	$ 49	D	Â
Employee Stock Options	  (4)	05/30/2010	Common Stock	3,061	$ 49	D	Â
Employee Stock Options	  (4)	02/21/2011	Common Stock	5,400	$ 40	D	Â
Employee Stock Options	  (4)	02/29/2012	Common Stock	15,000	$ 50.29	D	Â
Employee Stock Options	  (4)	04/28/2012	Common Stock	20,000	$ 46.96	D	Â
Employee Stock Options	  (4)	08/21/2012	Common Stock	20,000	$ 33.86	D	Â
Employee Stock Options	  (4)	03/18/2013	Common Stock	14,000	$ 24.55	D	Â
Employee Stock Options	  (4)	03/16/2014	Common Stock	10,000	$ 36.5	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Raines Julian Paul 2455 PACES FERRY ROAD ATLANTA, GA 30339	Â	Â	  Division President - Southern	Â

Signatures

/s/ Jonathan M. Gottsegen, Attorney in fact		02/02/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Restricted stock granted under The Home Depot, Inc. 1997 Omnibus Stock Incentive Plan.
(2)	Share equivalents held under The Home Depot FutureBuilder Plan as of January 31, 2005.
(3)	Issued under The Home Depot, Inc. 1997 Omnibus Stock Incentive Plan and currently exercisable.
(4)	Issued under The Home Depot, Inc. 1997 Omnibus Stock Incentive Plan and exercisable in 25% increments on the 2nd, 3rd, 4th and 5th anniversaries of the grant date.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.