H&R BLOCK INC — Director's Dealing 2005

Jul 5, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: H&R BLOCK INC (HRB)
CIK: 0000012659
Period of Report: 2005-06-30

Reporting Person: ERNST MARK A (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-06-30	Common Stock, without par value	A	15000	$58.3500	Acquired	148058.7588	Direct
2005-06-30	Common Stock, without par value	F	3289	$58.6300	Disposed	144769.7588	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-06-30	Call Option to Purchase	$58.3500	A	130000	Acquired	2015-06-30	Common Stock, without par value (130000.00)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Call Option to Purchase	$20.0625	2008-09-01	Common Stock, without par value (300000.00)	300000.00	Direct
Call Option to Purchase	$25.0000	2009-06-30	Common Stock, without par value (120000.00)	120000.00	Direct
Call Option to Purchase	$16.1875	2010-06-30	Common Stock, without par value (150000.00)	150000.00	Direct
Call Option to Purchase	$32.2750	2011-06-30	Common Stock, without par value (180000.00)	180000.00	Direct
Call Option to Purchase	$46.1500	2012-06-30	Common Stock, without par value (120000.00)	120000.00	Direct
Call Option to Purchase	$43.2500	2013-06-30	Common Stock, without par value (110000.00)	110000.00	Direct
Call Option to Purchase	$47.6800	2014-06-30	Common Stock, without par value (110000.00)	110000.00	Direct

Footnotes

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