BAXTER INTERNATIONAL INC — Director's Dealing 2004

Apr 27, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2004-04-26

Reporting Person: ANDERSON BRIAN P (Senior Vice President and)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-26	Common Stock, $1 par value	M	44902	$11.5765	Acquired	200329	Direct
2004-04-26	Common Stock, $1 par value	S	27002	$32.49	Disposed	173327	Direct
2004-04-26	Common Stock, $1 par value	S	4900	$32.54	Disposed	168427	Direct
2004-04-26	Common Stock, $1 par value	S	13000	$32.51	Disposed	155427	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-26	Stock Option (Right to Buy)	$11.5765	M	44902	Disposed	2004-06-15	Common Stock, $1 par value (44902)	Direct