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

Feb 11, 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: DILLARD MIKE (Director, Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-21	Common Class A	A	2315	$16.53	Acquired	316804	Direct

Footnotes

F1: Stock Bonus Award

F2: 22,107 Shares Retirement Plan

F3: 3,885 Shares Dillard's Capital Trust 1

F4: 335 Shares by Spouse

F5: 41,496 Shares by W.D. Company. Reporting person owns 26.27%. This is W.D. Co.'s entire interest.

F6: 3,985,776 Class B Shares by W.D. Company. Reporting person owns 26.27%. This is W.D. Co.'s entire interest.

F7: 610 Shares Spouse Trustee