CNA FINANCIAL CORP — Director's Dealing 2004

Apr 29, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CNA FINANCIAL CORP (CNA)
CIK: 0000021175
Period of Report: 2004-04-28

Reporting Person: LILIENTHAL STEPHEN W (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-08	Common	G	100	$25.32	Disposed	25364	Direct
2004-01-09	Common	G	100	$25.30	Disposed	25264	Direct
2004-01-12	Common	G	100	$25.28	Disposed	25124	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-28	Employee Stock Option	$26.27	A	55000	Acquired	2014-04-28	Common (55000)	Direct

Footnotes

F1: Charitable Contribution of 100 shares of CNAF common stock to Boys & Girls Clubs of Chicago

F2: Charitable Contribution of 100 shares of CNAF common stock to College of the Holy Cross

F3: Charitable Contribution of 100 shares of CNAF common stock to Fordham Preparatory School

F4: Shares vest annually in quarterly installments beginning April 28, 2005.