DELUXE CORP — Director's Dealing 2003

Nov 4, 2003

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2003-10-28

Reporting Person: ODWYER MARY ANN (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Restricted Shares	1000	Direct

Footnotes

F1: Represents restricted shares of the Company's common stock issued pursuant to the Company's Stock Incentive Plan on October 28, 2003. The shares vest in three equal installments on the dates of the three succeeding annual shareholders' meetings of the Company held following the date of grant, provided that the holder remains a director of the Company after the meeting.