GREIF, INC — Director's Dealing 2004

Dec 22, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2004-12-22

Reporting Person: DEMPSEY MICHAEL H (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-21	Class B Common Stock	J	389466	$0.00	Acquired	389466	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	874	Direct
Class B Common Stock	507657	Direct
Class B Common Stock	110185	Indirect
Class A Common Stock	2349	Indirect
Class B Common Stock	5375904	Indirect
Class B Common Stock	420	Indirect

Footnotes

F1: A transfer from the Judith D. Hook Trust to the Judith D. Hook Florida Intangible Trust, Michael H. Dempsey Trustee.

F2: Michael H. Dempsey is the trustee of the Naomi C. Dempsey Charitable Lead Annuity Trust.

F3: Michael Dempsey is the trustee of the Naomi C. Dempsey Trust.

F4: These shares are held in a trust for the benefit of the reporting person's son. The reporting person's spouse is the trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.