TEXTRON INC — Director's Dealing 2003

Oct 2, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2003-09-30

Reporting Person: WALKER MARTIN D (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-30	Deferred Stock Units	$0	A	876.362	Acquired		Common (876.362)	Direct
2003-09-30	Deferred Stock Units	$0	A	250.594	Acquired		Common (250.594)	Direct

Footnotes

F1: Converts to Common Stock on a 1-for 1 basis.

F2: Payable upon the conclusion of Reporting Person's service on the Textron Inc. Board of Directors.