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: 2003-10-31

Reporting Person: JEWS WILLIAM L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-31	Common Stock	A	153.92	$0.00	Acquired	9812.01	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-01	Stock Option (Right to Buy)	$27.07	A	3851	Acquired	2013-11-01	Common Stock (3851)	Direct

Footnotes

F1: Includes 25.23 shares acquired pursuant to a dividend reinvestment feature of the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan.

F2: Option granted in lieu of $26,058.95 of Non-employee Director compensation earned by reporting person over the period from May 10, 2003 to November 1, 2003.