CARPENTER TECHNOLOGY CORP — Director's Dealing 2006

Jan 25, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2006-01-24

Reporting Person: ANDERSON CARL G JR (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-24	Stock Units	$	A	138.46	Acquired		Common Stock (138.46)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1000	Direct

Footnotes

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

F2: Payable upon retirement

F3: Includes dividend equivalents