Avery Dennison Corp — Director's Dealing 2004

May 26, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVERY DENNISON CORPORATION (AVY)
CIK: 0000008818
Period of Report: 2004-05-25

Reporting Person: NEAL PHILIP M (Director, Chairman and C.E.O.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-25	Common Stock	G	200	—	Disposed	109117	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3470.654	Indirect
Common Stock	1535.053	Indirect

Footnotes

F1: As trustee of the Philip M. Neal Trust U/D/T dated 11/8/91.