J M SMUCKER Co — Director's Dealing 2004

Jan 5, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SMUCKER J M CO (SJM)
CIK: 0000091419
Period of Report: 2003-09-01

Reporting Person: COWAN R DOUGLAS (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-01	Deferred Stock Units	$0	A	6.1572	Acquired	1988-08-08	Common Shares (6.1572)	Direct
2003-12-01	Deferred Stock Units	$0	A	6.0868	Acquired	1988-08-08	Common Shares (6.0868)	Direct
2004-01-01	Deferred Stock Units	$0	A	87.9643	Acquired	1988-08-08	Common Shares (87.9643)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	800	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option Common Shares	$40.61	2013-08-31	Common Shares (1500)	1500	Direct

Footnotes

F1: Nonemployee Director stock option (right to buy) which becomes exercisable six months from grant date, if he/she has served continuously as a Nonemployee Director until such date.

F2: Dividend equivalents credited to the account of the reporting person.

F3: Deferred Stock Units issued under The J. M. Smucker Company Nonemployee Director Stock Plan are payable in Common Shares at a rate of 1-for-1 following termination of services as a director.