PROCTER & GAMBLE Co — Director's Dealing 2004

Nov 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROCTER & GAMBLE CO (PG)
CIK: 0000080424
Period of Report: 2004-11-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-15	Common Stock	G	1518.0000	—	Disposed	510541.8620	Direct
2004-09-21	Common Stock	G	179.0000	—	Disposed	510362.8620	Direct
2004-10-15	Common Stock	G	170.0000	—	Disposed	510192.8620	Direct
2004-11-01	Common Stock	S	4400.0000	$51.00	Disposed	505792.8620	Direct
2004-11-01	Common Stock	S	8600.0000	$50.99	Disposed	497192.8620	Direct
2004-11-01	Common Stock	S	3000.0000	$50.98	Disposed	494192.8620	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	40612.4556	Indirect
Common Stock	715.0960	Indirect
Common Stock	6158.0000	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: 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.