BAXTER INTERNATIONAL INC — Director's Dealing 2003

Aug 1, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2003-07-31

Reporting Person: GATLING JAMES M (Corporate Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-07-31	Common Stock, $1 par value	M	7182	$11.5765	Acquired	156222	Direct
2003-07-31	Common Stock, $1 par value	S	7182	$28.00	Disposed	149040	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-07-31	Stock Option (Right to Buy)	$11.5765	M	7182	Disposed	2003-08-01	Common Stock, $1 par value (7182)	Direct