TEXTRON INC — Director's Dealing 2004

Mar 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2004-02-27

Reporting Person: LORANGER STEVEN R (EVP and COO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-27	Deferred Stock Units	$0	A	11109.98	Acquired		Common (11109.98)	Direct

Footnotes

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

F2: Payable upon the conclusion of Reporting Person's employment with Textron.