W.W. GRAINGER, INC. — Director's Dealing 2006

Aug 3, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAINGER W W INC (GWW)
CIK: 0000277135
Period of Report: 2006-08-02

Reporting Person: SMITH HAROLD B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-02	Common Stock	P	50	$61.85	Acquired	8050	Indirect
2006-08-02	Common Stock	P	300	$61.86	Acquired	8350	Indirect
2006-08-02	Common Stock	P	9650	$61.9	Acquired	18000	Indirect
2006-08-02	Common Stock	P	150	$62.41	Acquired	18150	Indirect
2006-08-02	Common Stock	P	250	$62.42	Acquired	18400	Indirect
2006-08-02	Common Stock	P	300	$62.43	Acquired	18700	Indirect
2006-08-02	Common Stock	P	500	$62.45	Acquired	19200	Indirect
2006-08-02	Common Stock	P	800	$62.46	Acquired	20000	Indirect
2006-08-02	Common Stock	P	700	$62.47	Acquired	20700	Indirect
2006-08-02	Common Stock	P	600	$62.48	Acquired	21300	Indirect
2006-08-02	Common Stock	P	450	$62.49	Acquired	21750	Indirect
2006-08-02	Common Stock	P	1450	$62.5	Acquired	23200	Indirect
2006-08-02	Common Stock	P	350	$62.51	Acquired	23550	Indirect
2006-08-02	Common Stock	P	100	$62.52	Acquired	23650	Indirect
2006-08-02	Common Stock	P	50	$62.53	Acquired	23700	Indirect
2006-08-02	Common Stock	P	600	$62.54	Acquired	24300	Indirect
2006-08-02	Common Stock	P	50	$62.56	Acquired	24350	Indirect
2006-08-02	Common Stock	P	300	$62.57	Acquired	24650	Indirect
2006-08-02	Common Stock	P	700	$62.58	Acquired	25350	Indirect
2006-08-02	Common Stock	P	1600	$62.59	Acquired	26950	Indirect
2006-08-02	Common Stock	P	250	$62.6	Acquired	27200	Indirect
2006-08-02	Common Stock	P	150	$62.65	Acquired	27350	Indirect
2006-08-02	Common Stock	P	100	$62.66	Acquired	27450	Indirect
2006-08-02	Common Stock	P	100	$62.67	Acquired	27550	Indirect
2006-08-02	Common Stock	P	100	$62.7	Acquired	27650	Indirect
2006-08-02	Common Stock	P	100	$62.71	Acquired	27750	Indirect
2006-08-02	Common Stock	P	250	$62.75	Acquired	28000	Indirect
2006-08-02	Common Stock	P	50	$61.85	Acquired	50	Indirect
2006-08-02	Common Stock	P	300	$61.86	Acquired	350	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12540	Direct

Footnotes

F1: Shares held by a trust of which I am a co-trustee and in which I have a contingent beneficial interest.

F2: Shares held by a trust of which I am a co-trustee and in which I have a beneficial interest.