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

Feb 4, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: FISCHER CRAIG A (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-03	Common Stock	G	501	—	Disposed	71861	Direct
2004-02-03	Common Stock	M	5787	$13.524	Acquired	77648	Direct
2004-02-03	Common Stock	F	4841	$16.165	Disposed	72807	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-03	Employee Stock Option (right to buy)	$13.524	M	5787	Disposed	2004-05-04	Common Stock (5787)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	54170	Indirect
Common Stock	754	Indirect

Footnotes

F1: Between October 14, 2003 and February 3, 2004, the reporting person acquired 307 shares of ADM common stock pursuant to an employee benefit plan of the Company. The information in this report is based on a plan statement dated February 3, 2004.

F2: Granted under Archer-Daniels-Midland Company's 1996 Stock Option Plan. The option became exercisable in approximately 25% increments annually commencing on May 3, 2000.