BAXTER INTERNATIONAL INC — Director's Dealing 2004

Aug 3, 2004

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2004-08-02

Reporting Person: Utts James E (Corporate Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1 par value	107486	Indirect
Common Stock, $1 par value	5201	Indirect
Common Stock, $1 par value	100	Indirect
Common Stock, $1 par value	100	Indirect
Common Stock, $1 par value	1731	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$16.5897	2005-07-29	Common Stock (25592)		Direct
Employee Stock Option (Right to Buy)	$24.3966	2006-11-17	Common Stock (47662)		Direct
Employee Stock Option (Right to Buy)	$20.1535	2006-11-27	Common Stock (52260)		Direct
Employee Stock Option (Right to Buy)	$22.543	2007-11-16	Common Stock (22158)		Direct
Employee Stock Option (Right to Buy)	$29.2102	2008-11-14	Common Stock (22158)		Direct
Employee Stock Option (Right to Buy)	$32.3794	2009-02-13	Common Stock (16932)		Direct
Employee Stock Option (Right to Buy)	$31.4525	2009-11-13	Common Stock (22158)		Direct
Employee Stock Option (Right to Buy)	$41.3438	2010-11-12	Common Stock (37500)		Direct
Employee Stock Option (Right to Buy)	$41.3483	2010-11-12	Common Stock (58300)		Direct
Employee Stock Option (Right to Buy)	$41.3438	2010-11-12	Common Stock (10500)		Direct
Employee Stock Option (Right to Buy)	$49.54	2011-11-25	Common Stock (38010)		Direct
Employee Stock Option (Right to Buy)	$30.06	2012-11-16	Common Stock (19305)		Direct
Employee Stock Option (Right to Buy)	$27.13	2013-11-18	Common Stock (23595)		Direct