BAXTER INTERNATIONAL INC — Director's Dealing 2007

May 2, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2007-05-01

Reporting Person: FORSYTH JOHN D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-01	Common Stock, $1 par value	A	1050	—	Acquired	10013	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-01	Stock Option (Right to Buy)	$57.06	A	4280	Acquired	2017-05-01	Common Stock, $1 par value (4280)	Direct

Footnotes

F1: The reporting person received a grant of 1,050 restricted stock units which vest on the date of the 2008 annual meeting of shareholders.

F2: The date exercisable is the date of the 2008 annual meeting of stockholders.