JOHNSON & JOHNSON — Director's Dealing 2004

Jun 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMMUNICON CORP (IMMC)
CIK: 0001083132
Period of Report: 2004-06-02

Reporting Person: JOHNSON & JOHNSON (10% Owner)
Reporting Person: JOHNSON & JOHNSON DEVELOPMENT CORP ET AL (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-06-02	Common Stock	X	10668	$2.40	Acquired	15668	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-06-02	Common Stock Warrant Purchase	$2.40	X	2667	Disposed	2004-07-14	Common Stock (2667)	Indirect
2004-06-02	Common Stock Purchase Warrant	$2.40	X	5334	Disposed	2004-07-14	Common Stock (5334)	Indirect
2004-06-02	Common Stock Purchase Warrant	$2.40	X	2667	Disposed	2004-07-14	Common Stock (2667)	Indirect

Footnotes

F1: The securities reported as being indirectly beneficially owned by the Reporting Person are directly beneficially owned by Johnson & Johnson Development Corporation ("JJDC"), a wholly-owned subsidiary of the Reporting Person.

F2: The warrant was 50% vested (as to 2,667 shares) as of 1/16/04. The remaining 2,667 shares will never become exercisable, and will be surrendered to the Issuer, because JJDC's director designee resigned from the Issuer's Board of Directors.