GREIF, INC — Director's Dealing 2004

Jan 8, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2004-01-07

Reporting Person: OLDERMAN DAVID J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-07	Class B Common Stock	S	15000	$36.9163	Disposed	25014	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	1000	Indirect
Class B Common Stock	6060	Indirect

Footnotes

F1: These shares are owned by the reporting person's self-directed profit sharing plan.

F2: 800 shares are owned by the reporting persons spouse; 2,260 shares are owned by the reporting persons self directed profit sharing plan; 1000 shares by the Jean Olderman Trust; 1000 shares by the Jill Olderman Trust and 1000 shares by the David Olderman Trust.