PFIZER INC — Director's Dealing 2004

Dec 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2004-11-30

Reporting Person: SHEDLARZ DAVID L (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-01	Common Stock	S	21500	$28.25	Disposed	513468	Direct
2004-12-01	Common Stock	S	5500	$28.26	Disposed	507968	Direct
2004-12-01	Common Stock	S	3618	$28.27	Disposed	504350	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-30	Phantom Stock Units SSP	$0.00	A	283	Acquired		Common Stock (283)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2098	Indirect
Common Stock	26596	Indirect

Footnotes

F1: I hereby disclaim beneficial ownership of all shares held by members of my family.

F2: Each unit represents one phantom share of common stock.

F3: These units, which were acquired pursuant to the Pfizer Inc. Nonfunded Deferred Compensation and Supplemental Savings Plan, are settled in cash following the reporting person's separation from service.