PFIZER INC — Director's Dealing 2004

Nov 17, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2004-11-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-16	Common Stock	M	1500	$8.17	Acquired	79699	Direct
2004-11-16	Common Stock	F	447	$27.42	Disposed	79252	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-16	Employee Stock Option (right to buy)	$8.17	M	1500	Disposed	2005-08-23	Common Stock (1500)	Direct
2004-11-15	Phantom Stock Units SSP	$0.00	A	132	Acquired		Common Stock (132)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5491	Indirect

Footnotes

F1: The option became exercisable in 5 equal annual installments beginning on August 24, 1996.

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.