BAXTER INTERNATIONAL INC — Director's Dealing 2003

May 8, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2003-05-06

Reporting Person: PEI YUAN CHIA (Director)

Footnotes

F1: On May 6, 2003, the reporting person received a grant of 2,620 restricted shares of common stock which vest on May 4, 2004.

F2: Excludes 3,120 shares held for the benefit of the reporting person's adult children in various trusts, for which Mr. Chia's adult children act as trustees. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.