Archer-Daniels-Midland Co — Director's Dealing 2004

May 4, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARCHER DANIELS MIDLAND CO (ADM)
CIK: 0000007084
Period of Report: 2004-05-03

Reporting Person: YU STEPHEN H Y (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-03	Common Stock	M	5280	$13.5246	Acquired	26732	Direct
2004-05-03	Common Stock	S	3600	$17.59	Disposed	23132	Direct
2004-05-03	Common Stock	S	6400	$17.58	Disposed	16732	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-05-03	Employee Stock Option (right to buy)	$13.5246	M	5280	Disposed	2009-05-03	Common Stock (5280)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11138	Indirect

Footnotes

F1: Between October 14, 2003 and May 3, 2004, the reporting person acquired 484 shares of ADM Common Stock pursuant to an employee benefit plan. The information in this report is based on a plan statement dated May 3, 2004.

F2: The option becomes exercisable in approximately 11.1% increments annually commencing on May 3, 2000.