CUMMINS INC — Director's Dealing 2004

Sep 8, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CUMMINS INC (CMI)
CIK: 0000026172
Period of Report: 2004-09-07

Reporting Person: LOUGHREY F JOE (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-07	Common	M	17900	$41.19	Acquired	75873	Direct
2004-09-07	Common	S	17900	$72	Disposed	57973	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-09-07	Stock Option (Right-to-Buy)	$41.19	M	17900	Disposed	2009-02-09	Common (17900)	Direct

Footnotes

F1: Cashless exercise pursuant to Rule 10b5-1 Trading Plan.