DILLARD'S, INC. — Director's Dealing 2007

Apr 23, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DILLARDS INC (DDS)
CIK: 0000028917
Period of Report: 2007-04-20

Reporting Person: Taylor Julie (VP, President Phoenix Div)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-20	Common Class A	M	5000	$24.01	Acquired	16050	Direct
2007-04-20	Common Class A	S	5000	$35.50	Disposed	11050	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-20	Common Class A	$24.01	M	5000	Disposed	2007-05-14	Common Class A (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Class A - Retirement Plan	9840	Direct