BRUNSWICK CORP — Director's Dealing 2004

Jan 22, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BRUNSWICK CORP (BC)
CIK: 0000014930
Period of Report: 2004-01-21

Reporting Person: CHUNG T J (VP & PRESIDENT BNT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-21	Common Stock	M	6000	$19.9375	Acquired	31214	Direct
2004-01-21	Common Stock	S	6000	$36	Disposed	25214	Direct
2004-01-21	Common Stock	M	8000	$22.875	Acquired	33214	Direct
2004-01-21	Common Stock	S	8000	$36	Disposed	25214	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-21	Non-Qualified Stock Option (right to buy)	$19.9375	M	6000	Disposed	2008-07-28	Common Stock (6000)	Direct
2004-01-21	Non-Qualified Stock Option (right to buy)	$22.875	M	8000	Disposed	2009-04-21	Common Stock (8000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	105	Indirect
Common Stock	128	Indirect
Common Stock	576	Indirect

Footnotes

F1: This transaction was effected pursuant to a Rule10b5-1 trading plan adopted by the reporting person on November 24, 2003.

F2: Amount of Securities Beneficially Owned Following Reported Transactions includes 378 shares acquired pursuant to dividend reinvestment during 2003.

F3: Currently all shares are exercisable.

F4: 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.