MDU RESOURCES GROUP INC — Director's Dealing 2003

Oct 2, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MDU RESOURCES GROUP INC (MDU)
CIK: 0000067716
Period of Report: 2003-09-30

Reporting Person: EVERIST THOMAS S (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-30	Phantom Stock	$	A	417.176	Acquired		Common Stock (417.176)	Direct

Footnotes

F1: 1 for 1

F2: Phantom Stock units include units that were accrued through dividends under the Deferred Compensation Plan for Directors.

F3: Units are to be settled in cash after reporting person's retirement.