BAXTER INTERNATIONAL INC — Director's Dealing 2008

May 29, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2008-05-27

Reporting Person: GREISCH JOHN J (Corporate Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-27	Common Stock, $1 par value	P	5000	$60.15	Acquired	74383	Direct
2008-05-27	Common Stock, $1 par value	M	18900	$30.06	Acquired	93283	Direct
2008-05-27	Common Stock, $1 par value	M	22050	$27.13	Acquired	115333	Direct
2008-05-27	Common Stock, $1 par value	S	100	$60.565	Disposed	115233	Direct
2008-05-27	Common Stock, $1 par value	S	100	$60.56	Disposed	115133	Direct
2008-05-27	Common Stock, $1 par value	S	100	$60.54	Disposed	115033	Direct
2008-05-27	Common Stock, $1 par value	S	200	$60.535	Disposed	114833	Direct
2008-05-27	Common Stock, $1 par value	S	100	$60.53	Disposed	114733	Direct
2008-05-27	Common Stock, $1 par value	S	100	$60.525	Disposed	114633	Direct
2008-05-27	Common Stock, $1 par value	S	300	$60.52	Disposed	114333	Direct
2008-05-27	Common Stock, $1 par value	S	200	$60.515	Disposed	114133	Direct
2008-05-27	Common Stock, $1 par value	S	200	$60.51	Disposed	113933	Direct
2008-05-27	Common Stock, $1 par value	S	300	$60.50	Disposed	113633	Direct
2008-05-27	Common Stock, $1 par value	S	100	$60.49	Disposed	113533	Direct
2008-05-27	Common Stock, $1 par value	S	100	$60.485	Disposed	113433	Direct
2008-05-27	Common Stock, $1 par value	S	500	$60.48	Disposed	112933	Direct
2008-05-27	Common Stock, $1 par value	S	100	$60.47	Disposed	112833	Direct
2008-05-27	Common Stock, $1 par value	S	200	$60.465	Disposed	112633	Direct
2008-05-27	Common Stock, $1 par value	S	100	$60.46	Disposed	112533	Direct
2008-05-27	Common Stock, $1 par value	S	300	$60.45	Disposed	112233	Direct
2008-05-27	Common Stock, $1 par value	S	200	$60.445	Disposed	112033	Direct
2008-05-27	Common Stock, $1 par value	S	630	$60.44	Disposed	111403	Direct
2008-05-27	Common Stock, $1 par value	S	200	$60.435	Disposed	111203	Direct
2008-05-27	Common Stock, $1 par value	S	400	$60.43	Disposed	110803	Direct
2008-05-27	Common Stock, $1 par value	S	30	$60.425	Disposed	110773	Direct
2008-05-27	Common Stock, $1 par value	S	300	$60.42	Disposed	110473	Direct
2008-05-27	Common Stock, $1 par value	S	400	$60.41	Disposed	110073	Direct
2008-05-27	Common Stock, $1 par value	S	70	$60.395	Disposed	110003	Direct
2008-05-27	Common Stock, $1 par value	S	400	$60.375	Disposed	109603	Direct
2008-05-27	Common Stock, $1 par value	S	130	$60.365	Disposed	109473	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-27	Stock Option (Right to Buy)	$30.06	M	18900	Disposed	2012-11-16	Common Stock, $1 par value (18900)	Direct
2008-05-27	Stock Option (Right to Buy)	$27.13	M	22050	Disposed	2013-11-18	Common Stock, $1 par value (22050)	Direct

Footnotes

F1: Transaction effected pursuant to a Rule 10b5-1 trading plan

F2: Shares purchased through reporting person's IRA account