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: SOLSO THEODORE M (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-06	Common	M	22100	$40.63	Acquired	71483	Direct
2004-04-06	Common	M	17900	$39	Acquired	89383	Direct
2004-04-06	Common	M	11500	$43.56	Acquired	100883	Direct
2004-04-06	Common	S	11500	$65	Disposed	89383	Direct
2004-04-06	Common	S	17900	$61.1	Disposed	71483	Direct
2004-04-06	Common	S	22100	$61.1	Disposed	49383	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-06	Stock Option (Right-to-Buy)	$43.56	M	11500	Disposed	2004-12-13	Common (11500)	Direct
2004-04-06	Stock Option (Right-to-Buy)	$39	M	17900	Disposed	2005-12-12	Common (17900)	Direct
2004-04-06	Stock Option (Right-to-Buy)	$40.63	M	22100	Disposed	2006-07-08	Common (22100)	Direct

Footnotes

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