DILLARD'S, INC. — Director's Dealing 2004

Mar 11, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DILLARDS INC (DDS)
CIK: 0000028917
Period of Report: 2004-03-10

Reporting Person: DILLARD WILLIAM T II (Director, CEO, Chairman of Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-10	Common Class A	A	84	$18.31	Acquired	537500	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Dillard's Capital Trust 1 7.5% Capital Securities	64250	Direct

Footnotes

F1: Common Class A 78,207 Shares - Retirement Plan

F2: Common Class A 41,496 Shares By W.D. Company. Reporting person owns 27.4%. This is W.D. Co.'s enitre interest.

F3: Common Class B 3,985,776 Shares By W.D. Company. Reporting person owns 27.4.%. This is W.D. Co's entire interest.