INTEL CORP — Director's Dealing 2004

Mar 18, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTEL CORP (INTC)
CIK: 0000050863
Period of Report: 2004-03-16

Reporting Person: BAKER ROBERT JAYMES (VICE PRESIDENT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-16	COMMON	M	80000	$4.20	Acquired	719822	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-16	EMPLOYEE STOCK (right to buy)	$4.20	M	80000	Disposed	2005-04-12	COM. STK (80000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON	1410	Indirect

Footnotes

F1: INCLUDES 999 SHARES ACQUIRED UNDER THE INTEL CORPORATION STOCK PARTICIPATION PLAN DURING FEBRUARY 2004.

F2: Not a Required Reportable field. SEC software requires a dollar amount; use zeros per SEC.