JOHNSON & JOHNSON — Director's Dealing 2007

Feb 22, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2007-02-16

Reporting Person: Caruso Dominic J (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-16	Common Stock	A	687	—	Acquired	9674	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	236	Indirect

Footnotes

F1: Awarded under Issuer's Executive Bonus Plan.

F2: Shares held under Johnson & Johnson's 401(k) and ESOP Savings Plans as of Plans' most recent reporting date (01/31/2007).