TEXTRON INC — Director's Dealing 2008

May 14, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2008-05-13

Reporting Person: FRENCH TED R (Executive VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-13	Common Stock	M	20000	$21.5781	Acquired	156328	Direct
2008-05-13	Common Stock	S	1700	$61.42	Disposed	154628	Direct
2008-05-13	Common Stock	S	100	$61.43	Disposed	154528	Direct
2008-05-13	Common Stock	S	200	$61.45	Disposed	154328	Direct
2008-05-13	Common Stock	S	200	$61.46	Disposed	154128	Direct
2008-05-13	Common Stock	S	300	$61.47	Disposed	153828	Direct
2008-05-13	Common Stock	S	600	$61.48	Disposed	153228	Direct
2008-05-13	Common Stock	S	300	$61.49	Disposed	152928	Direct
2008-05-13	Common Stock	S	100	$61.51	Disposed	152828	Direct
2008-05-13	Common Stock	S	2700	$61.52	Disposed	150128	Direct
2008-05-13	Common Stock	S	100	$61.53	Disposed	150028	Direct
2008-05-13	Common Stock	S	1600	$61.54	Disposed	148428	Direct
2008-05-13	Common Stock	S	1400	$61.55	Disposed	147028	Direct
2008-05-13	Common Stock	S	100	$61.56	Disposed	146928	Direct
2008-05-13	Common Stock	S	400	$61.57	Disposed	146528	Direct
2008-05-13	Common Stock	S	500	$61.60	Disposed	146028	Direct
2008-05-13	Common Stock	S	200	$61.62	Disposed	145828	Direct
2008-05-13	Common Stock	S	200	$61.63	Disposed	145628	Direct
2008-05-13	Common Stock	S	400	$61.64	Disposed	145228	Direct
2008-05-13	Common Stock	S	2500	$61.65	Disposed	142728	Direct
2008-05-13	Common Stock	S	200	$61.66	Disposed	142528	Direct
2008-05-13	Common Stock	S	100	$61.67	Disposed	142428	Direct
2008-05-13	Common Stock	S	2900	$61.70	Disposed	139528	Direct
2008-05-13	Common Stock	S	300	$61.71	Disposed	139228	Direct
2008-05-13	Common Stock	S	100	$61.75	Disposed	139128	Direct
2008-05-13	Common Stock	S	300	$61.80	Disposed	138828	Direct
2008-05-13	Common Stock	S	2500	$61.86	Disposed	136328	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-13	Employee stock option (right to buy)	$21.5781	M	20000	Disposed	2010-12-21	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2762.841	Indirect

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 8, 2007.