PROCTER & GAMBLE Co — Director's Dealing 2003

Sep 17, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROCTER & GAMBLE CO (PG)
CIK: 0000080424
Period of Report: 2003-09-12

Reporting Person: DALEY CLAYTON C JR (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-12	Common Stock	G	325.0000	—	Disposed	49447.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	242.0000	Indirect
Common Stock	22875.0104	Indirect
Common Stock	44.0000	Indirect

Footnotes

F1: On 12/12/02, the reporting person's spouse became the beneficial owner of a portion of 132 shares as the result of inheritance. In June 2003, the shares were distributed equally among the beneficiaries, with reporting person's spouse acquiring beneficial ownership of 44 of the 132 shares.