CUMMINS INC — Director's Dealing 2004

Aug 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CUMMINS INC (CMI)
CIK: 0000026172
Period of Report: 2004-07-30

Reporting Person: SOLSO THEODORE M (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-30	Common	M	24300	$53	Acquired	73683	Direct
2004-07-30	Common	M	3000	$52.88	Acquired	76683	Direct
2004-07-30	Common	M	3000	$52.88	Acquired	79683	Direct
2004-07-30	Common	M	3000	$52.88	Acquired	82683	Direct
2004-07-30	Common	M	1450	$55.69	Acquired	84133	Direct
2004-07-30	Common	M	1000	$66.5	Acquired	85133	Direct
2004-07-30	Common	S	1000	$70.02	Disposed	84133	Direct
2004-07-30	Common	S	1450	$70.02	Disposed	82683	Direct
2004-07-30	Common	S	3000	$70.02	Disposed	79683	Direct
2004-07-30	Common	S	3000	$70.02	Disposed	76683	Direct
2004-07-30	Common	S	3000	$70.02	Disposed	73683	Direct
2004-07-30	Common	S	24300	$70.02	Disposed	49383	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-30	Stock Option (Right-to-Buy)	$66.5	M	1000	Disposed	2007-10-20	Common (1000)	Direct
2004-07-30	Stock Option (Right-to-Buy)	$55.69	M	1450	Disposed	2008-02-10	Common (1450)	Direct
2004-07-30	Stock Option (Right-to-Buy)	$52.88	M	3000	Disposed	2007-02-11	Common (3000)	Direct
2004-07-30	Stock Option (Right-to-Buy)	$52.88	M	3000	Disposed	2007-02-11	Common (3000)	Direct
2004-07-30	Stock Option (Right-to-Buy)	$52.88	M	3000	Disposed	2007-02-11	Common (3000)	Direct
2004-07-30	Stock Option (Right-to-Buy)	$53	M	24300	Disposed	2007-02-10	Common (24300)	Direct