BAXTER INTERNATIONAL INC — Director's Dealing 2006

Aug 16, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2006-08-14

Reporting Person: GATLING JAMES M (Corporate Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-14	Common Stock, $1 par value	M	31356	$24.3966	Acquired	0	Direct
2006-08-14	Common Stock, $1 par value	S	31356	$43.00	Disposed	189619	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-14	Stock Option (Right to Buy)	$24.3966	M	31356	Disposed	2006-11-17	Common Stock, $1 par value (31356)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1 par value	8147	Indirect

Footnotes

F1: Number of shares in 401(k) Plan is reported as of plan statement dated July 31, 2006.