PFIZER INC — Director's Dealing 2003

Aug 1, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2003-07-30

Reporting Person: MITCHELL JOHN W (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-07-30	Common Stock	M	19044	$5.25	Acquired	673366	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-07-30	Employee Stock Option (right to buy)	$5.25	M	19044	Disposed	2003-08-25	Common Stock (19044)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	101575	Indirect

Footnotes

F1: The option became exercisable in 5 equal annual installments beginning on Augst 26, 1994.