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): June 29, 2007
                                                           -------------


                               POLYONE CORPORATION
               --------------------------------------------------
               (Exact name of registrant as specified in charter)


        Ohio                        1-16091                    34-1730488
       ------                      ----------                ---------------
   (State or other                (Commission                    (I.R.S.
   jurisdiction of                File Number)                  Employer
   incorporation)                                            Identification
                                                                  No.)


            PolyOne Center, 33587 Walker Road, Avon Lake, Ohio 44012
            --------------------------------------------------------
               (Address of principal executive offices) (Zip Code)


       Registrant's telephone number, including area code: (440) 930-1000
                                                           --------------

       ------------------------------------------------------------------
         (Former name or former address, if changed since last report.)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing requirements of the registrant under any of
the following provisions:

|_| 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.

On June 29, 2007, the Registrant issued a press release, furnished herewith as
Exhibit 99.1, updating its second-quarter 2007 financial outlook. The press
release shall not be deemed to be "filed" under the Securities Exchange Act of
1934.


Item 9.01.  Financial Statements and Exhibits.

   (d) Exhibits.

            Exhibit 99.1 - Press release dated June 29, 2007, furnished
herewith.



                                    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.

                               POLYONE CORPORATION

                               By:  /s/ W. David Wilson
                                    ------------------------------------
                                    W. David Wilson
                                    Senior Vice President and
                                    Chief Financial Officer


Dated: June 29, 2007