CARPENTER TECHNOLOGY CORP — Director's Dealing 2004

Jan 29, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2004-01-27

Reporting Person: HEWSON MARILLYN A (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-27	Stock Units	$	A	768.24	Acquired		Common Stock (768.24)	Direct

Footnotes

F1: Converts to common stock on a 1-for-1 basis

F2: Payable upon retirement

F3: Includes dividend equivalents