BAXTER INTERNATIONAL INC — Director's Dealing 2005

Jan 4, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2004-12-31

Reporting Person: Utts James E (Corporate Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-31	Common Stock, $1 par value	F	491	$34.54	Disposed	6390	Direct
2004-12-08	Common Stock, $1 par value	G	150	—	Disposed	5051	Indirect

Holdings (Non-Derivative)

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

Footnotes

F1: By gift for no value