BAXTER INTERNATIONAL INC — Director's Dealing 2006

Dec 15, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2006-12-13

Reporting Person: GATLING JAMES M (Corporate Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-13	Common Stock, $1 par value	S	800	$45.20	Disposed	188819	Direct
2006-12-13	Common Stock, $1 par value	S	1700	$45.12	Disposed	187119	Direct
2006-12-13	Common Stock, $1 par value	S	5000	$45.00	Disposed	182119	Direct
2006-12-13	Common Stock, $1 par value	S	5000	$45.18	Disposed	177119	Direct
2006-12-13	Common Stock, $1 par value	S	200	$45.22	Disposed	176919	Direct
2006-12-13	Common Stock, $1 par value	S	4800	$45.25	Disposed	172119	Direct
2006-12-13	Common Stock, $1 par value	S	3000	$45.42	Disposed	169119	Direct
2006-12-13	Common Stock, $1 par value	S	2000	$45.40	Disposed	167119	Direct
2006-12-13	Common Stock, $1 par value	S	500	$45.42	Disposed	166619	Direct
2006-12-13	Common Stock, $1 par value	S	2000	$45.19	Disposed	164619	Direct
2006-12-13	Common Stock, $1 par value	S	2500	$45.15	Disposed	162119	Direct
2006-12-13	Common Stock, $1 par value	S	5000	$45.35	Disposed	157119	Direct
2006-12-14	Common Stock, $1 par value	S	100	$46.12	Disposed	157019	Direct
2006-12-14	Common Stock, $1 par value	S	200	$46.19	Disposed	156819	Direct
2006-12-14	Common Stock, $1 par value	S	2500	$45.65	Disposed	154319	Direct
2006-12-14	Common Stock, $1 par value	S	2500	$45.76	Disposed	151819	Direct
2006-12-14	Common Stock, $1 par value	S	1000	$46.05	Disposed	150819	Direct
2006-12-14	Common Stock, $1 par value	S	200	$46.03	Disposed	150619	Direct
2006-12-14	Common Stock, $1 par value	S	700	$46.00	Disposed	149919	Direct
2006-12-14	Common Stock, $1 par value	S	100	$46.20	Disposed	149819	Direct
2006-12-14	Common Stock, $1 par value	S	1200	$46.10	Disposed	148619	Direct
2006-12-14	Common Stock, $1 par value	S	2700	$46.22	Disposed	145919	Direct
2006-12-14	Common Stock, $1 par value	S	3300	$46.30	Disposed	142619	Direct
2006-12-14	Common Stock, $1 par value	S	500	$46.16	Disposed	142119	Direct
2006-12-14	Common Stock, $1 par value	S	2500	$46.50	Disposed	139619	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1 par value	8136	Indirect

Footnotes

F1: Number of shares in 401(k) Plan is reported as of plan statement dated November 30, 2006.