PFIZER INC — Director's Dealing 2003

Aug 28, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2003-08-27

Reporting Person: CANGIALOSI LORETTA V (Vice President, Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-27	Common Stock	M	3600	$5.71	Acquired	46668	Direct
2003-08-27	Common Stock	F	682	$30.17	Disposed	45986	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-27	Employee Stock Option (right to buy)	$5.71	M	3600	Disposed	2004-08-24	Common Stock (3600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5019	Indirect

Footnotes

F1: The option became exercisable in 3 equal annual installments beginning on August 25,1995.