UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   -----------


                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                                September 4, 2003
                Date of Report (Date of Earliest Event Reported)


                              CALLAWAY GOLF COMPANY
             (Exact Name of Registrant as Specified in its Charter)


         DELAWARE                     1-10962                      95-3797580
(State or Other Jurisdiction        (Commission                (I.R.S. Employer
     of Incorporation)              File Number)             Identification No.)



                              2180 Rutherford Road
                             Carlsbad, CA 92008-7328
                    (Address of Principal Executive Offices)

                                 (760) 931-1771
              (Registrant's Telephone Number, Including Area Code)









ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.

     On September 4, 2003, Callaway Golf Company issued a press release
captioned "Callaway Golf Approved As Buyer Of Top-Flite." A copy of the press
release is attached hereto as Exhibit 99.1.


ITEM 7. EXHIBITS.

        (c)  Exhibits:

        The following exhibits are filed with this report on Form 8-K:

        Exhibit No.    Description
        -----------    -----------

          99.1         Press release, dated September 4, 2003, captioned
                       "Callaway Golf Approved As Buyer Of Top-Flite."



                                    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
undersigned hereunto duly authorized.

Date:  September 5, 2003                               CALLAWAY GOLF COMPANY



                                                 By: ___________________________
                                                     Bradley J. Holiday
                                                     Executive Vice President
                                                     and Chief Financial Officer






                                  Exhibit Index

99.1    Press release, dated September 4, 2003, captioned "Callaway Golf
        Approved As Buyer Of Top-Flite."