TIMBERLAND BANCORP INC — Director's Dealing 2003

Jul 31, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIMBERLAND BANCORP INC (TSBK)
CIK: 0001046050
Period of Report: 2003-07-29

Reporting Person: MASON JAMES CRAIG (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-07-29	Common Stock, $.01 par value per share	S	5000	$22.48	Disposed	29868	Direct

Footnotes

F1: Includes indirect ownership of 6,801 shares held by MRDP Trust; does not reflect beneficial ownership of stock options reportable on Table II.