CARPENTER TECHNOLOGY CORP — Director's Dealing 2003

Oct 2, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2003-09-30

Reporting Person: HEWSON MARILLYN A (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-30	Stock Units	$0	A	233.21	Acquired		Common Stock (233.21)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1023	Direct

Footnotes

F1: Includes shares acquired under the Carpenter Technology Corporation Dividend Reinvestment Program.

F2: Converts to Common Stock on a 1-for-1 basis.

F3: Payable upon retirement.

F4: Includes dividend equivalents.