INTEL CORP — Director's Dealing 2004

Jan 20, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTEL CORP (INTC)
CIK: 0000050863
Period of Report: 2004-01-16

Reporting Person: HUNDT REED E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-16	COMMON	P	1000	$33.14	Acquired	5000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Share Units	$0	1988-08-08	COM.STK (0)	5385	Direct

Footnotes

F1: Conversion rate is 1-for-1. New SEC software requires a dollar amount; use zeros per SEC.

F2: Date Exercisable and Expiration Date are the reporting officers retirement date which is currently unknown. New SEC software requires a date; use 8/8/1988 for both dates per SEC.

F3: New SEC software requires a dollard amount; use zeros per SEC.