JOHNSON & JOHNSON — Director's Dealing 2005

Mar 10, 2005

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2005-03-01

Reporting Person: Scodari Joseph C (Executive Committee Member)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	5390	Direct
Common	2239	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$47.39	2009-10-06	Common Stock (2100)		Direct
Employee Stock Option (Right to Buy)	$50.69	2010-11-29	Common Stock (58000)		Direct
Employee Stock Option (Right to Buy)	$57.30	2012-02-10	Common Stock (1700)		Direct
Employee Stock Option (Right to Buy)	$57.30	2012-02-10	Common Stock (64600)		Direct
Employee Stock Option (Right to Buy)	$52.20	2013-02-08	Common Stock (65085)		Direct
Employee Stock Option (Right to Buy)	$52.20	2013-02-08	Common Stock (1915)		Direct
Employee Stock Option (Right to Buy)	$53.93	2014-02-07	Common Stock (1850)		Direct
Employee Stock Option (Right to Buy)	$53.93	2014-02-07	Common Stock (83150)		Direct
Employee Stock Option (Right to Buy)	$66.18	2015-02-13	Common Stock (83490)		Direct
Employee Stock Option (Right to Buy)	$66.18	2015-02-13	Common Stock (1510)		Direct

Footnotes

F1: Shares held under Johnson & Johnson's 401(k) and ESOP Savings Plans as of March 1, 2005.

F2: Awarded under Issuer's Stock Option Plan.

F3: Adjusted to reflect two-for-one stock split in 2001.