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

Feb 13, 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: BAKER H GENE (Corporate VP Stores)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-21	Common Class A	A	1416	$16.53	Acquired	38380	Direct

Footnotes

F1: Stock Bonus Award

F2: 6,292 401K Retirement Plan

F3: Total includes 3,193 shares of Class A acquired under 401(k) Plan Exempt Under Rule 16b-3(c).