PROCTER & GAMBLE Co — Director's Dealing 2005

May 4, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROCTER & GAMBLE CO (PG)
CIK: 0000080424
Period of Report: 2005-05-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-02	Common Stock	S	2800.00	$54.29	Disposed	568857.86	Direct
2005-05-02	Common Stock	S	13200.00	$54.27	Disposed	555657.86	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	41827.20	Indirect
Common Stock	715.10	Indirect
Common Stock	6158.00	Indirect

Footnotes

F1: This sale was made pursuant to a Sales Plan entered into on February 2, 2004, 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.