DILLARD'S, INC. — Director's Dealing 2003

Dec 9, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DILLARDS INC (DDS)
CIK: 0000028917
Period of Report: 2003-12-10

Reporting Person: DILLARD ALEX (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-10	Common Class A	A	154	$15.56	Acquired	386516	Direct

Footnotes

F1: 58,072 Shares - Retirement Plan

F2: 18,000 Shares Dillard's Capital Trust 1

F3: 36,011 Shares By Wife

F4: 12,300 Shares Trustee Uniform Gift Minor Act

F5: 41,496 Shares By W.D. Company. Reporting person owns 27.93%. This is W.D. Co.'s enitre interest.

F6: 3,985,776 Class B Shares By W.D. Company. Reporting person owns 27.9.%. This is W.D. Co's entire interest.