CUMMINS INC — Director's Dealing 2004

Mar 22, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CUMMINS INC (CMI)
CIK: 0000026172
Period of Report: 2004-03-19

Reporting Person: MILLS RICK J (President - Fleetguard)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-19	Common	M	7300	$41.19	Acquired	32706	Direct
2004-03-19	Common	S	7300	$56.19	Disposed	25406	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-19	Stock Option (Right-to-Buy)	$41.19	M	7300	Disposed	2009-02-09	Common (7300)	Direct

Footnotes

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