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                       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 (Date of Earliest Event Reported): March 31, 2004


                          DATA SYSTEMS & SOFTWARE INC.
             (Exact Name of Registrant as Specified in its Charter)







         DELAWARE                         0-19771                22-2786081
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(State or Other Jurisdiction     (Commission file Number)      (IRS Employer
     of Incorporation)                                       Identification No.)



    200 ROUTE 17, MAHWAH, NEW JERSEY                                   07430
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(Address of Principal Executive Offices)                             (Zip Code)



       Registrant's telephone number, including area code: (201) 529-2026


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Item 5.  OTHER EVENTS.

         On March 31, 2004, the Registrant  announced its financial  results for
the fiscal year ended  December 31,  2003.  The press  release  relating to such
announcement is filed as Exhibit 99.1 hereto.

Item 7.  FINANCIAL STATEMENTS AND EXHIBITS.

         (c)    Exhibit 99.1    Press Release dated March 31, 2004






                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) 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, in the Township of Mahwah,
State of New Jersey, on April 5, 2004.

                                   DATA SYSTEMS & SOFTWARE INC.



                                   BY: /s/ Yacov Kaufman
                                   ------------------------------------------
                                   Yacov Kaufman
                                   Vice President and Chief Financial Officer