H&R BLOCK INC — Director's Dealing 2004

Jul 1, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: H&R BLOCK INC (HRB)
CIK: 0000012659
Period of Report: 2004-06-30

Reporting Person: MERTZ TIMOTHY R (Vice President, Corporate Tax)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-06-30	Common Stock, without par value	A	1000	$47.680	Acquired	1800.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-06-30	Call Option to Purchase	$47.680	A	3000	Acquired	2014-06-30	Common Stock, without par value (3000.00)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Call Option to Purchase	$17.000	2010-10-23	Common Stock, without par value (6700.00)	6700.00	Direct
Call Option to Purchase	$32.275	2011-06-30	Common Stock, without par value (5000.00)	5000.00	Direct
Call Option to Purchase	$46.150	2012-06-30	Common Stock, without par value (5000.00)	5000.00	Direct
Call Option to Purchase	$43.250	2013-06-30	Common Stock, without par value (3000.00)	3000.00	Direct

Footnotes

F1: Restricted shares of Common Stock granted under the H&R Block, Inc. 2003 Long-Term Executive Compensation Plan.