ECOLAB INC. — Director's Dealing 2003

Nov 4, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC (ECL)
CIK: 0000031462
Period of Report: 2003-11-01

Reporting Person: JOHNSON JOEL W (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-01	Stock Option (Right to Buy)	$27.07	A	5269	Acquired	2013-11-01	Common Stock (5269)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	19904.13	Direct

Footnotes

F1: Includes 96.83 shares acquired pursuant to a dividend reinvestment feature of the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan.

F2: The number of shares owned by the reporting person has been doubled to reflect the 2 for 1 stock split of Ecolab Inc. Common Stock effected in the form of a 100% stock dividend on June 6, 2003.

F3: Option granted in lieu of $35,654.32 of Non-employee Director compensation earned by reporting person over the period from May 10, 2003 to November 1, 2003.