DELUXE CORP — Director's Dealing 2004

Jan 28, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELUXE CORP (DLX)
CIK: 0000027996
Period of Report: 2004-01-27

Reporting Person: SCHLAIS WARNER F (Sr. V.P. and CIO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-27	Restricted Stock Units	M	3150	—	Disposed	0	Direct
2004-01-27	Common Stock	M	3150	—	Acquired	8702	Direct
2004-01-27	Common Stock	F	1303	$42.23	Disposed	7399	Direct

Footnotes

F1: Vesting of restricted stock units awarded on 1/27/03 under the Company's Stock Incentive Plan. Award of units resulted from an election to receive a portion of the holder's 2002 incentive compensation in restricted stock units in lieu of cash.