CUMMINS INC — Director's Dealing 2004

Jul 28, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CUMMINS INC (CMI)
CIK: 0000026172
Period of Report: 2004-07-27

Reporting Person: ROSE MARYA M (V.P. - General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-27	Common	M	5000	$37.63	Acquired	6018	Direct
2004-07-27	Common	S	5000	$70	Disposed	1018	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-27	Stock Option (Right-to-Buy)	$37.63	M	5000	Disposed	2011-01-02	Common (5000)	Direct

Footnotes

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