DONALDSON Co INC — Director's Dealing 2003

Oct 17, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DONALDSON CO INC (DCI)
CIK: 0000029644
Period of Report: 2003-10-16

Reporting Person: GIERTZ JAMES R (Senior VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-16	Common Stock	S	4500	$56.60	Disposed	92213	Direct
2003-10-16	Common Stock	S	100	$56.66	Disposed	92113	Direct
2003-10-16	Common Stock	S	6400	$57.00	Disposed	85713	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4451	Indirect
Common Stock	2539	Indirect
Common Stock	4230	Indirect

Footnotes

F1: The Donaldson Stock Fund is unitized to permit daily trading.