UNITED STATES

                       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


                                  July 2, 2004
                                  ------------
                      (Date of the earliest event reported)


                             Simulations Plus, Inc.
                             ----------------------
             (Exact name of Registrant as specified in its charter)


         California                      0-21665                 95-4595609
         ----------                      -------                 ----------
(State or other jurisdiction     (Commission File Number)     (I.R.S. Employer
      of incorporation)                                      Identification No.)

                 1220 West Avenue J, Lancaster, California 93534
                 -----------------------------------------------
                    (Address of principal executive offices)
                                   (Zip Code)

                                 (661) 723-7723
                                 --------------
               Registrant's telephone number, including area code



ITEM 5. OTHER EVENTS.

         On July 2, 2004, Simulations Plus, Inc., a California corporation (the
"Company") issued a press release announcing that it has restructured its Words+
subsidiary.


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

(a) Exhibits

         99.1     Press release dated July 2, 2004


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                                   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 thereunto duly authorized.

                                                    SIMULATIONS PLUS, INC.



Dated: July 2, 2004                            By:  /s/ Momoko Beran
                                                    ---------------------------
                                                        Momoko A. Beran
                                                        Chief Financial Officer

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                                 EXHIBITS INDEX
                                 --------------


       Exhibit Number                        Description
       --------------                        -----------

            99.1                 Press release, dated July 2, 2004

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