PFIZER INC — Director's Dealing 2005

May 11, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2005-05-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-10	Common Stock	M	960	$8.17	Acquired	120183	Direct
2005-05-10	Common Stock	S	960	$27.78	Disposed	119223	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-10	Employee Stock Option (right to buy)	$8.17	M	960	Disposed	2005-08-23	Common Stock (960)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6038	Indirect

Footnotes

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