CATERPILLAR INC — Director's Dealing 2004

Jan 20, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CATERPILLAR INC (CAT)
CIK: 0000018230
Period of Report: 2004-01-20

Reporting Person: GALES THOMAS A (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-20	Common	F	188	$83.11	Disposed	16088	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	10948	Indirect

Footnotes

F1: This amount includes 5756 shares in 401K, 22 shares in SEIP and 1359 shares in dividend reinvestment.

F2: Reporting person disclaims beneficial ownership.