TEXTRON INC — Director's Dealing 2007

Jan 3, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2006-12-31

Reporting Person: GAGNE PAUL E (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-31	Deferred Stock Units	$0	A	308.925	Acquired		Common (308.925)	Direct
2006-12-31	Deferred Stock Units	$0	A	83.023	Acquired		Common (83.023)	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.