BAXTER INTERNATIONAL INC — Director's Dealing 2006

May 11, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2006-05-09

Reporting Person: GATLING JAMES M (Corporate Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-09	Common Stock, $1 par value	A	10000	—	Acquired	189619	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1 par value	8184	Indirect

Footnotes

F1: On May 9, 2006, the reporting person received a grant of 10,000 restricted stock units of common stock which will vest on May 9, 2009.