H&R BLOCK INC — Director's Dealing 2006

Sep 1, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: H&R BLOCK INC (HRB)
CIK: 0000012659
Period of Report: 2006-08-31

Reporting Person: SERATI TAMMY S (Senior VP, Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-31	Common Stock, without par value	J	6.059	$22.7800	Acquired	19880.0533	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Call Option to Purchase	$19.5150	2012-12-02	Common Stock, without par value (40000)	40000	Direct
Call Option to Purchase	$21.6250	2013-06-30	Common Stock, without par value (28000)	28000	Direct
Call Option to Purchase	$23.8400	2014-06-30	Common Stock, without par value (28000)	28000	Direct
Call Option to Purchase	$29.1750	2015-06-30	Common Stock, without par value (26000)	26000	Direct
Call Option to Purchase	$23.8600	2016-06-30	Common Stock, without par value (30000)	30000	Direct

Footnotes

F1: Units acquired under the H&R Block Deferred Compensation Plan for Executives, as Amended and Restated. Each unit has the value of one share of Common Stock.