HALLIBURTON CO — Director's Dealing 2003

Nov 4, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HALLIBURTON CO (HAL)
CIK: 0000045012
Period of Report: 2003-10-31

Reporting Person: HUNT RAY L (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-10-31	Stock Equivalent Units	$	A	1029.61	Acquired		Common Stock (1029.61)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	73347	Direct
Common Stock	69712	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Buy Common Stock	$51.50	2010-05-17	Common Stock (1000)	1000	Direct
Option to Buy Common Stock	$48.625	2010-09-28	Common Stock (5000)	5000	Direct
Option to Buy Common Stock	$45.35	2011-05-15	Common Stock (2000)	2000	Direct
Option to Buy Common Stock	$16.75	2012-05-15	Common Stock (2000)	2000	Direct
Option to Buy Common Stock	$38.875	2007-11-20	Common Stock (500)	500	Direct
Option to Buy Common Stock	$43.6563	2008-03-19	Common Stock (1000)	1000	Direct

Footnotes

F1: The security converts to common stock on a one-for-one basis.

F2: Stock equivalent units acquired under Halliburton Company's Directors' Deferred Compensation Plan reported on a pro rata basis to reflect Issuer's Plan quarter. Said Plan is an ongoing securities acuisition Plan.

F3: The stock equivalent units were accrued under the Company's Directors' Deferred Compensation Plan and are settled in the Company's common stock upon cessation as a director.

F4: On October 30, 2003, the closing price of Halliburton Company Common Stock on the New York Stock Exchange was $23.37 per share.

F5: Options are exercisable six monts after the date of grant.