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

Feb 17, 2004

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: DILLARDS INC (DDS)
CIK: 0000028917
Period of Report: 2004-01-31

Reporting Person: NELSON STEVEN K (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-21	Common Class A	A	569	$16.53	Acquired	19185	Direct

Footnotes

F1: Stock Bonus Award

F2: 6,206 Shares Retirement Plan

F3: Total includes 987 shares of Class A acquired under 401(k) Plan Exempt Under Rule 16b-3(c).