PFIZER INC — Director's Dealing 2006

May 2, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2006-05-01

Reporting Person: STEERE WILLIAM C JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-01	Common Stock	M	891948	$12.42	Acquired	2844497.00	Direct
2006-05-01	Common Stock	S	977736	$25.26	Disposed	1866761.00	Direct
2006-05-01	Common Stock	G	100461	—	Disposed	1766300.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-01	Employee Stock Option (right to buy)	$12.42	M	891948	Disposed	2006-08-21	Common Stock (891948.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14808.00	Indirect

Footnotes

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

F2: The option became exercisable in 5 equal annual installments beginning on August 22,1997.