BARNWELL INDUSTRIES INC — Director's Dealing 2004

Nov 30, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BARNWELL INDUSTRIES INC (BRN)
CIK: 0000010048
Period of Report: 2004-11-24

Reporting Person: Gifford Russell M (Director, EVP,CFO, Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-26	Common Stock	M	4000	$11.875	Acquired	6800	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-26	Employee Stock Option	$11.875	M	4000	Disposed	2009-12-05	Common Stock (4000)	Direct