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

Mar 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARCHER DANIELS MIDLAND CO (ADM)
CIK: 0000007084
Period of Report: 2004-03-02

Reporting Person: REED JOHN G (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-02	Common Stock	M	14068	$11.9629	Acquired	133743	Direct
2004-03-02	Common Stock	F	9722	$17.31	Disposed	124021	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-02	Employee Stock Option (right to buy)	$11.9629	M	14068	Disposed	2004-10-05	Common Stock (14068)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5791	Indirect

Footnotes

F1: Between June 18, 2003 and March 2, 2004, the reporting person acquired 1,474 shares of ADM common stock pursuant to an employee benefit plan. The information in this report is based on a plan statement dated March 2, 2004.

F2: The option became exercisable in approximaely 11.1% increments annually commencing on October 5, 1995.