TIMBERLAND BANCORP INC — Director's Dealing 2003

Sep 8, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIMBERLAND BANCORP INC (TSBK)
CIK: 0001046050
Period of Report: 2003-09-03

Reporting Person: SMITH DAVID ALAN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-03	Common Stock, $.01 par value per share	S	700	$24	Disposed	10135	Direct

Footnotes

F1: Includes indirect ownership of 4,534 shares held by MRDP Trust; does not reflect beneficial ownership of stock options reportable on Table II.