TEXTRON INC — Director's Dealing 2007

Nov 1, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2007-10-30

Reporting Person: ODONNELL TERRENCE (EVP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-30	Common Stock	M	36184	$26.2031	Acquired	80834	Direct
2007-10-30	Common Stock	S	2500	$67.44	Disposed	78334	Direct
2007-10-30	Common Stock	S	151	$67.45	Disposed	78183	Direct
2007-10-30	Common Stock	S	1554	$67.46	Disposed	76629	Direct
2007-10-30	Common Stock	S	95	$67.47	Disposed	76534	Direct
2007-10-30	Common Stock	S	100	$67.48	Disposed	76434	Direct
2007-10-30	Common Stock	S	4600	$67.55	Disposed	71834	Direct
2007-10-30	Common Stock	S	400	$67.56	Disposed	71434	Direct
2007-10-30	Common Stock	S	5000	$67.65	Disposed	66434	Direct
2007-10-30	Common Stock	S	5000	$67.67	Disposed	61434	Direct
2007-10-30	Common Stock	S	5820	$67.70	Disposed	55614	Direct
2007-10-30	Common Stock	S	1300	$67.73	Disposed	54314	Direct
2007-10-30	Common Stock	S	3480	$67.74	Disposed	50834	Direct
2007-10-30	Common Stock	S	2984	$67.88	Disposed	47850	Direct
2007-10-30	Common Stock	S	2900	$67.89	Disposed	44950	Direct
2007-10-30	Common Stock	S	300	$68.00	Disposed	44650	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-10-30	Employee Stock Option - Right to Buy	$26.2031	M	16184	Disposed	2010-03-09	Common Stock (16184)	Direct
2007-10-30	Employee Stock Option - Right to Buy	$26.2031	M	20000	Disposed	2010-03-09	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7118.681	Indirect

Footnotes

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