X0201 4 2004-03-31 0 0000315189 DEERE & CO DE 0001055711 BLOCK JOHN R FOOD MARKETING INSTITUTE 655 FIFTEENTH ST, NW, #700 WASHINGTON DC 20005-5701 1 0 0 0 Phantom Stock Units 0 2004-03-31 4 A 0 252.489 69.31 A Common Stock 252.489 12296.992 D The security converts to common stock on a one-for-one basis. The phantom stock units were accrued under the Issuer's Nonemployee Director Deferred Compensation Plan and are to be settled solely in cash beginning in the calendar year following the reporting person's retirement from the Issuer's Board. The reported holdings of phantom stock units include units acquired in dividend reinvestment transactions that are exempt from line-item reporting. As of the transaction date, the reporting person directly beneficially owned 11,883 $1 par common shares of the Issuer. 11,283 of such shares are restricted shares acquired under the Issuer's Nonemployee Director Stock Ownership Plan. /s/ James H. Becht, Secretary, Deere & Company, As Power of Attorney 2004-04-01