PFIZER INC — Director's Dealing 2004

Mar 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2004-03-01

Reporting Person: LAMATTINA JOHN L (Senior Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-01	Phantom Stock Units (AIP)	$0.00	I	50734	Disposed		Common Stock (50734)	Direct

Footnotes

F1: Units represent incentive compensation that has been deferred under the Executive Annual Incentive Plan. Units are settled in cash at a specified later date or upon separation from service. The reported transaction constitutes the disposition of the units through an intra-plan transfer.

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

F3: Immediately.