BRUNSWICK CORP — Director's Dealing 2004

Jan 23, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BRUNSWICK CORP (BC)
CIK: 0000014930
Period of Report: 2004-01-22

Reporting Person: SCHIPKE ROGER W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-21	Common Stock	M	2300	$22.75	Acquired	36565	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-21	Non-Qualified Stock Option (right to buy)	$22.75	M	2300	Disposed	2004-04-27	Common Stock (2300)	Direct

Footnotes

F1: Amount of Securities Beneficially Owned Following Reported Transactions includes 552 shares acquired pursuant to dividend reinvestment during 2003.

F2: Stock Option granted under Brunswick 1994 Stock Plan for Non-Employee Directors

F3: Currently all shares are exercisable.