BRUNSWICK CORP — Director's Dealing 2003

Nov 20, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BRUNSWICK CORP (BC)
CIK: 0000014930
Period of Report: 2003-11-20

Reporting Person: ZELISKO JUDITH P (VICE PRESIDENT TAX)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-20	Common Stock	M	2000	$18.125	Acquired	26189	Direct
2003-11-20	Common Stock	S	2000	$29.63	Disposed	24189	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-20	Non-Qualified Stock Option (right to buy)	$18.125	M	2000	Disposed	2004-01-03	Common Stock (2000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	572	Indirect
Common Stock	1383	Indirect

Footnotes

F1: 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.

F2: Currently all shares are exercisable.