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

                          Date of Report: JULY 22, 2003
                                          -------------
                        (Date of Earliest Event Reported)


                          CAPSTEAD MORTGAGE CORPORATION
                          -----------------------------
             (Exact Name of Registrant as Specified in its Charter)


          MARYLAND                     1-8896                    75-2027937
(State of Incorporation)        (Commission File No.)         (I.R.S. Employer
                                                             Identification No.)


     8401 NORTH CENTRAL EXPRESSWAY
               SUITE 800
             DALLAS, TEXAS                                        75225
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(Address of Principal Executive Offices)                        (Zip Code)


       Registrant's Telephone Number, Including Area Code: (214) 874-2323
                                                           --------------





ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

(c)      Exhibits.

99.1     Press releases issued by Capstead Mortgage Corporation dated
         July 22, 2003


ITEM 9. REGULATION FD DISCLOSURE

              This information, furnished under this "Item 9. Regulation FD
              Disclosure," is intended to be furnished under "Item 12.
              Disclosure of Results of Operations and Financial Condition" in
              accordance with SEC Release No. 33-8216. Additionally, as provided
              in SEC Release No. 33-8216, the Company deems this information to
              be "filed" for the purposes of Section 18 of the Securities
              Exchange Act of 1934.

              On July 22, 2003, Capstead Mortgage Corporation and Fortress
              Investment Group LLC issued a joint press release announcing
              management changes at Capstead.

              On July 22, 2003, Capstead Mortgage Corporation issued a press
              release announcing second quarter 2003 earnings results.

              Copies of the press releases are attached as Exhibit 99.1.





                                   SIGNATURES

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.

                          CAPSTEAD MORTGAGE CORPORATION


July 24, 2003                   By: /s/ Phillip A. Reinsch
                                    --------------------------------------------
                                    Phillip A. Reinsch, Senior Vice President