INTEL CORP — Director's Dealing 2004

May 21, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTEL CORP (INTC)
CIK: 0000050863
Period of Report: 2004-05-19

Reporting Person: BARSHEFSKY CHARLENE (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-05-19	Option (right to buy)	$27.53	A	15000	Acquired	2011-05-19	COM. STK (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON	0	Direct

Footnotes

F1: SEC software requires the form of ownership; use Direct though no securities are beneficially owned.

F2: Not a required reportable field. SEC software requires a dollar amount; use zeros per SEC.