CUMMINS INC — Director's Dealing 2004

Apr 7, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CUMMINS INC (CMI)
CIK: 0000026172
Period of Report: 2004-04-06

Reporting Person: MILLS RICK J (President - Fleetguard)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-06	Common	M	1200	$41.69	Acquired	26606	Direct
2004-04-06	Common	M	1000	$40.63	Acquired	27606	Direct
2004-04-06	Common	S	1000	$61.1	Disposed	26606	Direct
2004-04-06	Common	S	1200	$62	Disposed	25406	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-06	Stock Option (Right-to-Buy)	$40.63	M	1000	Disposed	2006-07-08	Common (1000)	Direct
2004-04-06	Stock Option (Right-to-Buy)	$41.69	M	1200	Disposed	2006-10-14	Common (1200)	Direct

Footnotes

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