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

        Date of Report (Date of earliest event reported) January 27, 2005
                                                         ----------------

                                   Culp, Inc.
                                   ----------
             (Exact Name of Registrant as Specified in its Charter)


        North Carolina                   0-12781                 56-1001967
------------------------------  --------------------------  --------------------
 (State or Other Jurisdiction    (Commission File Number)     (I.R.S. Employer
       of Incorporation)                                     Identification No.)

                              101 South Main Street
                        High Point, North Carolina 27260
                   ------------------------------------------
                    (Address of Principal Executive Offices)
                                   (Zip Code)

                                 (336) 889-5161
             ------------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)

                                 Not Applicable
             ------------------------------------------------------
              (Former name or address, if changed from last report)

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

|_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

|_|  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

|_|  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))




Item 7.01. Regulation FD Disclosure.

Culp, Inc. (the "Company") issued a press release dated January 27, 2005, to
announce the Company's response to the announcement by Solutia Inc., which
supplies acrylic fiber to the Company, that Solutia plans to exit the acrylic
fiber business. A copy of the press release is filed with this Form 8-K as
Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

      (c)  The following exhibits are filed as part of this report:

           99.1 - Press Release dated January 27, 2005.


                                   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.

Date: January 27, 2005

                                       Culp, Inc.

                                       By: /s/ Franklin N. Saxon
                                           ---------------------
                                           President and Chief Operating Officer



                                  EXHIBIT INDEX


Exhibit Number                     Exhibit
--------------                     -------

    99.1                           Press Release dated January 27, 2005