PROCTER & GAMBLE Co — Director's Dealing 2005

Aug 8, 2005

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PROCTER & GAMBLE CO (PG)
CIK: 0000080424
Period of Report: 2005-08-01

Reporting Person: Sheppard Valarie L (Comptroller)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10118.0000	Direct
Common Stock	5278.4098	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series A Preferred Stock	$		Common Stock (4615.1547)		Indirect
Stock Option (right to buy)	$20.2962	2006-03-01	Common Stock (1370.0000)		Direct
Stock Option (right to buy)	$29.8768	2007-02-28	Common Stock (2784.0000)		Direct
Stock Option (right to buy)	$41.9732	2008-02-27	Common Stock (3530.0000)		Direct
Stock Option (right to buy)	$44.2656	2014-02-26	Common Stock (1936.0000)		Direct
Stock Option (right to buy)	$47.4759	2014-09-15	Common Stock (4814.0000)		Direct
Stock Option (right to buy)	$31.0118	2015-09-15	Common Stock (10710.0000)		Direct
Stock Option (right to buy)	$34.5688	2016-09-24	Common Stock (11622.0000)		Direct
Stock Option (right to buy)	$45.6625	2012-09-13	Common Stock (10408.0000)		Direct
Stock Option (right to buy)	$51.4150	2014-02-27	Common Stock (26174.0000)		Direct
Stock Option (right to buy)	$53.5950	2015-02-28	Common Stock (23507.0000)		Direct

Footnotes

F1: Shares held by Retirement Plan Trustees. If officer terminates employment and elects distribution of shares, or, if after age 50 elects alternative investment within Plan, Preferred Stock converted/redeemed at specified conversion/exercise price.

F2: Higher of $6.82 (adjusted for 2-for-1 stock split effective May 21, 2004) or market price of Common Stock.