PROCTER & GAMBLE Co — Director's Dealing 2004

May 18, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROCTER & GAMBLE CO (PG)
CIK: 0000080424
Period of Report: 2004-05-14

Reporting Person: GORMAN JOSEPH T (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-14	Common Stock	L	68.66	$106.41	Acquired	15682.82	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2109.85	Indirect

Footnotes

F1: Shares acquired under the issuer's dividend reinvestment plan.

F2: Trust acquired 9.9221 shares pursuant to a dividend reinvestment plan.