CNA FINANCIAL CORP — Director's Dealing 2004

Dec 8, 2004

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CNA FINANCIAL CORP (CNA)
CIK: 0000021175
Period of Report: 2004-11-29

Reporting Person: Mense D Craig (EVP & CFO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $2.50 par value	20000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Options	$26.15	2014-11-29	Common (25000)		Direct

Footnotes

F1: Shares vest in 4 equal installments beginning on 11/29/2005

F2: Options vest in 4 equal installments beginning on 11/29/2005