TEXTRON INC — Director's Dealing 2007

Oct 2, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2007-09-30

Reporting Person: GAGNE PAUL E (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-30	Deferred Stock Units	$0	A	495.413	Acquired		Common Stock (495.413)	Direct
2007-09-30	Deferred Stock Units	$0	A	168.939	Acquired		Common Stock (168.939)	Direct

Footnotes

F1: Each deferred stock unit is valued based upon the value of one (1) share of Textron Inc. Common Stock.

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