TEXTRON INC — Director's Dealing 2008

Jan 10, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2008-01-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-08	Common Stock	M	20000	$21.5781	Acquired	148608	Direct
2008-01-08	Common Stock	S	100	$63.35	Disposed	148508	Direct
2008-01-08	Common Stock	S	200	$63.34	Disposed	148308	Direct
2008-01-08	Common Stock	S	400	$63.33	Disposed	147908	Direct
2008-01-08	Common Stock	S	100	$63.32	Disposed	147808	Direct
2008-01-08	Common Stock	S	800	$63.30	Disposed	147008	Direct
2008-01-08	Common Stock	S	500	$63.29	Disposed	146508	Direct
2008-01-08	Common Stock	S	700	$63.28	Disposed	145808	Direct
2008-01-08	Common Stock	S	2100	$63.27	Disposed	143708	Direct
2008-01-08	Common Stock	S	900	$63.26	Disposed	142808	Direct
2008-01-08	Common Stock	S	1000	$63.25	Disposed	141808	Direct
2008-01-08	Common Stock	S	100	$63.22	Disposed	141708	Direct
2008-01-08	Common Stock	S	600	$63.21	Disposed	141108	Direct
2008-01-08	Common Stock	S	100	$63.12	Disposed	141008	Direct
2008-01-08	Common Stock	S	500	$63.11	Disposed	140508	Direct
2008-01-08	Common Stock	S	5400	$63.10	Disposed	135108	Direct
2008-01-08	Common Stock	S	1500	$63.08	Disposed	133608	Direct
2008-01-08	Common Stock	S	600	$63.07	Disposed	133008	Direct
2008-01-08	Common Stock	S	500	$63.05	Disposed	132508	Direct
2008-01-08	Common Stock	S	300	$63.04	Disposed	132208	Direct
2008-01-08	Common Stock	S	400	$63.03	Disposed	131808	Direct
2008-01-08	Common Stock	S	200	$63.02	Disposed	131608	Direct
2008-01-08	Common Stock	S	100	$63.01	Disposed	131508	Direct
2008-01-08	Common Stock	S	1400	$63.00	Disposed	130108	Direct
2008-01-08	Common Stock	S	100	$62.99	Disposed	130008	Direct
2008-01-08	Common Stock	S	400	$62.98	Disposed	129608	Direct
2008-01-08	Common Stock	S	100	$62.97	Disposed	129508	Direct
2008-01-08	Common Stock	S	900	$62.95	Disposed	128608	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-08	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	2566.31	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.

F2: Issued pursuant to the Textron 1999 Long-Term Incentive Plan.