CNA FINANCIAL CORP — Director's Dealing 2004

Apr 21, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CNA FINANCIAL CORP (CNA)
CIK: 0000021175
Period of Report: 2004-04-20

Reporting Person: LOEWS CORP (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-20	Common Stock	C	32327015	—	Acquired	233620515	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-20	Series I Convertible Participating Preferred Stock	$0.0	C	32327.015	Disposed		Common Stock (32327015)	Direct

Footnotes

F1: The securities were acquired upon the conversion of derivative securities at no cost to the filing person.

F2: Automatically upon the earlier to occur of (i) stockholder approval of the issuance of the underlying Common Stock, and (ii) the issuance of an exemption or waiver by the New York Stock Exchange of its requirement for such stockholder approval.

F3: None.