PFIZER INC — Director's Dealing 2004

Mar 16, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2004-03-12

Reporting Person: MITCHELL JOHN W (Senior Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-12	Phantom Stock Units (AIP)	$0.00	A	14837	Acquired		Common Stock (14837)	Direct
2004-03-12	Phantom Stock Units SSP	$0.00	A	3397	Acquired		Common Stock (3397)	Direct

Footnotes

F1: Each unit represents one phantom share of common stock.

F2: Immediately.

F3: Units were acquired under the Executive Annual Incentive Plan. Units are settled in cash at a specified later date or upon separation from service.

F4: 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.