BRUNSWICK CORP — Director's Dealing 2003

Dec 31, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BRUNSWICK CORP (BC)
CIK: 0000014930
Period of Report: 2003-12-31

Reporting Person: GRESS WILLIAM (VP SUPPLY CHAIN MANAGEMENT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-31	Common Stock	M	4000	$22.875	Acquired	25956	Direct
2003-12-31	Common Stock	S	4000	$32	Disposed	21956	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-31	Non-Qualified Stock Option (right to buy)	$22.875	M	4000	Disposed	2009-04-21	Common Stock (4000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	161	Indirect
Common Stock	663	Indirect

Footnotes

F1: Amount of Securities Beneficially Owned Following Reported Transactions includes 221 shares acquired pursuant to dividend reinvestment during 2003.

F2: This transaction was effected pursuant to a Rule10b5-1 trading plan adopted by the reporting person September 9, 2003.

F3: Employee Stock Option granted under the 1991 Stock Plan with right to have shares withheld or to deliver previously acquired shares to pay income taxes on exercise of option.

F4: Currently all shares are exercisable.