DILLARD'S, INC. — Director's Dealing 2005

Mar 14, 2005

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: DILLARDS INC (DDS)
CIK: 0000028917
Period of Report: 2005-01-29

Reporting Person: DILLARD MIKE (Director, Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-09	Common Class A	G	26215	—	Acquired	26215	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Class A	387740	Direct
Common Class A - Retirement Plan	22294	Direct
Dillard's Capital Trust 1 7.5% Capital Securities	3885	Direct
Common Class A	41496	Direct
Common Class B	3985776	Direct
Common Class A	335	Indirect

Footnotes

F1: 3,985,776 Class B Shares by W.D. Company. Reporting person owns 26.27%. This is W.D. Co.'s entire interest.

F2: 41,496 Shares by W.D. Company. Reporting person owns 26.27%. This is W.D. Co.'s entire interest.

F3: Co-Trustee and Co-beneficiary of WTD Exemption Trust

F4: Gift