CATERPILLAR INC — Director's Dealing 2004

Jun 2, 2004

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CATERPILLAR INC (CAT)
CIK: 0000018230
Period of Report: 2004-06-01

Reporting Person: FELLIN PAOLO (Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	7463	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option (NQ)	$32.9062	2006-06-11	Common (4040)		Direct
Option (NQ)	$51.6562	2007-06-10	Common (6300)		Direct
Option (ISO)	$55.6875	2008-06-09	Common (1795)		Direct
Option (NQ)	$55.6875	2008-06-09	Common (4505)		Direct
Option (ISO)	$62.3438	2009-06-08	Common (1604)		Direct
Option (NQ)	$62.3438	2009-06-08	Common (4696)		Direct
Option (ISO)	$38.4063	2010-06-12	Common (2601)		Direct
Option (NQ)	$38.4063	2010-06-12	Common (4099)		Direct
Option (NQ)	$53.53	2011-06-12	Common (6500)		Direct
Option (NQ)	$50.715	2012-06-11	Common (7000)		Direct
Option (NQ)	$54.285	2013-06-10	Common (6650)		Direct

Footnotes

F1: This amount includes 7082 shares in EIP.

F2: Stock option (right to buy) granted under company's 1996 Stock Option Plan.

F3: Exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.