PROCTER & GAMBLE Co — Director's Dealing 2003

Nov 5, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROCTER & GAMBLE CO (PG)
CIK: 0000080424
Period of Report: 2003-11-03

Reporting Person: LAFLEY ALAN G (Director, COB, Pres. and Chief Executive)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-03	Common Stock	S	8000	$98.2	Disposed	204763.931	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20267.783	Indirect
Common Stock	357.548	Indirect
Common Stock	3079	Indirect

Footnotes

F1: This sale was made pursuant to a Sales Plan entered into on November 25, 2002, that
meets the requirements of Rule 10b5-1(c).

F2: Between 7/1/03 and 9/30/03, reporting person acquired 467.9694 shares of Common Stock under Issuer's Profit Sharing Trust and Employee Stock Ownership Plan.

F3: By A. G. Lafley Irrevocable Trust II U/A dated March 8, 1999, Margaret G. Lafley, trustee, for benefit of reporting person's wife and children.