JOHNSON & JOHNSON — Director's Dealing 2004

Dec 23, 2004

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2004-12-16

Reporting Person: Foster-Cheek Kaye I (VP, Human Resources)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	241	Direct
Common Stock	235	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$53.00	2013-05-22	Common Stock (1850)		Direct
Stock Option (Right to Buy)	$53.00	2013-05-22	Common Stock (11400)		Direct
Stock Option (Right to Buy)	$53.93	2014-02-07	Common Stock (1850)		Direct
Stock Option (Right to Buy)	$53.93	2014-02-07	Common Stock (9650)		Direct

Footnotes

F1: Includes shares held under Issuer's Dividend Reinvestment Plan.

F2: Shares held under Johnson & Johnson's 401(k) and ESOP Savings Plans at Plans' most recent reporting date (12/21/2004).

F3: Awarded under Issuer's Stock Option Plan.