TEXTRON INC — Director's Dealing 2004

Mar 8, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2004-03-04

Reporting Person: HOWELL MARY L (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-04	Common Stock	M	22296	$36.9688	Acquired	36640	Direct
2004-03-04	Common Stock	S	5500	$56.30	Disposed	31140	Direct
2004-03-04	Common Stock	S	9500	$56.20	Disposed	21640	Direct
2004-03-04	Common Stock	S	1496	$56.17	Disposed	20144	Direct
2004-03-04	Common Stock	S	800	$56.15	Disposed	19344	Direct
2004-03-04	Common Stock	S	5000	$56.10	Disposed	14344	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-04	Common Stock	$36.9688	M	22296	Disposed	2005-12-13	Common (22296)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3683.597	Indirect
Common Stock	272	Indirect

Footnotes

F1: Shares issued pursuant to the Textron 1999 Long-Term Incentive Plan.