PFIZER INC — Director's Dealing 2005

Apr 29, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2005-04-28

Reporting Person: HORNER CONSTANCE J (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-04-28	Phantom Stock Units	$0.00	A	977	Acquired		Common Stock (977)	Direct
2005-04-28	Phantom Stock Units	$0.00	A	3600	Acquired		Common Stock (3600)	Direct

Footnotes

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

F2: Granted pursuant to the Pfizer Inc. Annual Retainer Unit Award Plan.

F3: These units are settled in cash following the reporting person's retirement from the Board of Directors.

F4: Granted pursuant to the Pfizer Inc. Nonfunded Deferred Compensation and Unit Award Plan for Non-Employee Directors.