PFIZER INC — Director's Dealing 2004

Jan 9, 2004

SEC Form 3 — Initial Statement of Beneficial Ownership

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

Reporting Person: LAMATTINA JOHN L (Senior Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	281115	Direct
Common Stock	4490	Indirect
Common Stock	47092	Indirect
Common Stock	11690	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$5.71	2004-08-24	Common Stock (6072)		Direct
Employee Stock Option (right to buy)	$18.35	2007-08-27	Common Stock (13800)		Direct
Employee Stock Option (right to buy)	$35.21	2008-08-26	Common Stock (81000)		Direct
Employee Stock Option (right to buy)	$42.07	2009-04-21	Common Stock (84450)		Direct
Employee Stock Option (right to buy)	$32.94	2010-02-23	Common Stock (65000)		Direct
Employee Stock Option (right to buy)	$45.34	2011-02-21	Common Stock (250000)		Direct
Employee Stock Option (right to buy)	$41.30	2012-02-27	Common Stock (100000)		Direct
Employee Stock Option (right to buy)	$29.33	2013-02-26	Common Stock (100000)		Direct
Phantom Stock Units (AIP)	$		Common Stock (50734)		Direct
Phantom Stock Units SSP	$		Common Stock (24983)		Direct

Footnotes

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

F2: The option became exercisable in 3 equal annual installments beginning on August 25,1995.

F3: The option became exercisable in 5 equal annual installments beginning on August 28,1998.

F4: The option became exercisable in 5 equal annual installments beginning on August 28, 1999.

F5: The option became exercisable in 5 equal annual installments beginning on April 22, 2000.

F6: The option became exercisable in 5 equal annual installments beginning on February 24, 2001.

F7: The option became exercisable in 5 equal annual installments beginning on February 22, 2002.

F8: This option becomes exercisable in 3 equal annual installments beginning on February 28, 2005.

F9: This option becomes exercisable in 3 equal annual installments beginning on February 27, 2006.

F10: 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.

F11: Each unit represents one phantom share of common stock.

F12: 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.