BAXTER INTERNATIONAL INC — Director's Dealing 2004

Jul 1, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2004-06-30

Reporting Person: GREISCH JOHN J (Senior Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-06-30	Common Stock, $1 par value	A	9000	—	Acquired	11343	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-06-30	Stock Option (right to buy)	$34.51	A	60000	Acquired	2014-06-30	Common Stock, $1 par value (60000)	Direct

Footnotes

F1: On June 30, 2004, the reporting person received a grant of 9,000 restricted shares of common stock which vest as follows: 3,000 shares on June 30, 2005; 3,000 shares on June 30, 2006; and 3,000 shares on June 30, 2007.