CATERPILLAR INC — Director's Dealing 2004

Jan 6, 2004

SEC Form 3 — Initial Statement of Beneficial Ownership

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

Reporting Person: PFLEDERER MARK R (Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	5225	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option (ISO)	$30.1562	2005-06-06	Common (1000)		Direct
Option (ISO)	$32.9062	2006-06-11	Common (2140)		Direct
Option (ISO)	$51.6562	2007-06-10	Common (1934)		Direct
Option (NQ)	$51.6562	2007-06-10	Common (4366)		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 (5816)		Direct
Option (ISO)	$38.4063	2010-06-12	Common (2601)		Direct
Option (NQ)	$38.4063	2010-06-12	Common (6438)		Direct
Option (NQ)	$53.53	2011-06-12	Common (9050)		Direct
Option (NQ)	$50.715	2012-06-11	Common (9000)		Direct
Option (NQ)	$54.285	2013-06-10	Common (8660)		Direct
Phantom Stock Units	$0	1988-08-08	Common (4038)		Direct

Footnotes

F1: Stock Option (right to buy) granted under company's 1996 Stock Option Plan.

F2: Exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F3: This amount includes 861 shares in 401K, 61 shares in SEIP and 26 shares in dividend reinvestment.

F4: Security converts to common stock on a one-for-one basis.

F5: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.