PFIZER INC — Director's Dealing 2007

May 8, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2007-05-07

Reporting Person: LEVIN ALAN G (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-07	Common Stock	M	90000	$18.35	Acquired	496209.00	Direct
2007-05-07	Common Stock	S	84552	$26.96	Disposed	411657.00	Direct
2007-05-07	Common Stock	S	57386	$27.12	Disposed	354271.00	Direct
2007-05-08	Common Stock	S	14210	$27.34	Disposed	340061.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-07	Employee Stock Option (right to buy)	$18.35	M	90000	Disposed	2007-08-27	Common Stock (90000.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	19963.00	Indirect

Footnotes

F1: The option became exercisable in 5 equal annual installments beginning on August 28,1998.