LEE ENTERPRISES, Inc — Director's Dealing 2004

Mar 29, 2004

SEC Form 3/A — Form 3/A

Issuer: LEE ENTERPRISES INC (LEE ENT)
CIK: 0000058361
Period of Report: 2004-03-20

Reporting Person: SCHERMER MANAGEMENT CORP (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1163996	Indirect

Footnotes

F1: On March 19, 2004, in a transaction exempt from Section 16(b), Schermer Management Corporation ("SMC") transferred 2,000 shares of Lee Enterprises, Incorporated Class B Common Stock ("Lee Class B") to Schermer Investment Partnership, L.P. ("SIP"), a family limited partnership, and SMC received in exchange 1 general partner unit of SIP. Gregory P. Schermer and trusts for the benefit of Lloyd G. Schermer, Betty A. Schermer and Grant E. Schermer each holds 25% of SMC's outstanding common stock.

F2: On March 20, 2004, in transactions exempt from Section 16(b), a trust for the benefit of Lloyd G. Schermer transferred 436,828 shares of Lee Class B to SIP and the trust received in exchange 37.20 limited partner units of SIP and a trust for the benefit of Betty A. Schermer transferred 725,138 shares of Lee Class B to SIP and the trust received in exchange 61.80 limited partner units of SIP. As a result of these transactions and SMC's transfer to SIP, SIP holds 1,163,966 shares of Lee Class B. On March 22, 2004, trusts for the benefit of Lloyd G. Schermer and Betty A. Schermer each made a gift of 5 limited partner units of SIP to Gregory P. Schermer and a trust for the benefit of Grant E. Schermer. The Reporting Person disclaims beneficial ownership of all the shares of Lee Class B held by SIP except to the extent of its pecuniary interest therein.

F3: This amendment is being filed to clarify that the date listed in footnote number 1 of the Reporting Person's March 20, 2004 Form 3 noting the transfer of 2,000 shares of Lee Class B from SMC to SIP was due to an inputting error, which incorrectly stated March 19, 2004 instead of March 20, 2004.