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: 2004-04-05

Reporting Person: CARTER SUSAN K (Vice President - Finance)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-05	Common	M	15000	$46.64	Acquired	20000	Direct
2004-04-05	Common	S	15000	$60	Disposed	5000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-05	Stock Option (Right-to-Buy)	$46.64	M	15000	Disposed	2012-03-18	Common (15000)	Direct

Footnotes

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