BAXTER INTERNATIONAL INC — Director's Dealing 2007

Oct 30, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2007-10-26

Reporting Person: GATLING JAMES M (Corporate Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-26	Common Stock, $1 par value	M	36792	$22.543	Acquired	179266	Direct
2007-10-26	Common Stock, $1 par value	S	22700	$60.00	Disposed	156566	Direct
2007-10-26	Common Stock, $1 par value	S	7492	$60.01	Disposed	149074	Direct
2007-10-26	Common Stock, $1 par value	S	3700	$60.02	Disposed	145374	Direct
2007-10-26	Common Stock, $1 par value	S	1700	$60.03	Disposed	143674	Direct
2007-10-26	Common Stock, $1 par value	S	600	$60.04	Disposed	143074	Direct
2007-10-26	Common Stock, $1 par value	S	600	$60.05	Disposed	142474	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-10-26	Stock Option (Right to Buy)	$22.543	M	36792	Disposed	2007-11-16	Common Stock, $1 par value (36792)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1 par value	8239	Indirect

Footnotes

F1: Number of shares in 401 (k) Plan is reported as of plan statement dated September 30, 2007.