BAXTER INTERNATIONAL INC — Director's Dealing 2008

May 8, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2008-05-06

Reporting Person: FOSLER GAIL D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-06	Common Stock, $1 par value	A	960	—	Acquired	11121	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-06	Stock Option (Right to Buy)	$62.72	A	3760	Acquired	2018-05-06	Common Stock, $1 par value (3760)	Direct

Footnotes

F1: The reporting person received a grant of 960 restricted stock units which vest on the date of the 2009 annual meeting of shareholders.

F2: The date exercisable is the date of the 2009 annual meeting of shareholders.