MIDDLESEX WATER CO — Director's Dealing 2004

Jan 6, 2004

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: MIDDLESEX WATER CO (MSEX)
CIK: 0000066004
Period of Report: 2003-12-31

Reporting Person: CUTTING JOHN C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-31	N/A	A	112	$20.30	Acquired	436	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	29860	Direct
N/A	2400	Indirect

Footnotes

F1: Additional shares acquired as a result of 4-for-3 stock split, effective November 14, 2003.