CUMMINS INC — Director's Dealing 2003

Oct 6, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CUMMINS INC (CUM)
CIK: 0000026172
Period of Report: 2003-10-01

Reporting Person: MILLER WILLIAM I (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-01	Common	A	32.0684	—	Acquired	27980.6184	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-10-01	Stock Units	$0	A	4.9553	Acquired	1988-08-08	Common (4.9553)	Direct

Footnotes

F1: Dividend equivalent shares credited under Deferred Compensation Plan for Non-Employee Directors.

F2: Dividend equivalents credited on stock units.

F3: These units have no actual expiration date. A fictitious date was used to facilitate this filing.