LOEWS CORP — Director's Dealing 2004

Feb 13, 2004

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: DIAMOND OFFSHORE DRILLING INC (DO)
CIK: 0000949039
Period of Report: 2003-12-31

Reporting Person: LOEWS CORP (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-02	Common Stock	J	4620	—	Acquired	70104620	Direct

Footnotes

F1: This form is being filed to report a change in the form of beneficial ownership of the shares reported herein from indirect to direct as a result of the reporting person's withdrawal of the shares from the Oil Service Holdes Trust, at no cost. The acquisition of the subject shares was previously reported by the reporting person on a Form 4 dated December 4, 2003.