X0201 42003-08-28 0001108426 PNM RESOURCES INC PNM 0001042956 REAL WILLIAM J ALVARADO SQUARE MS - 2850 ALBUQUERQUE NM 87158 0100SR VP, PUB POLICYCOMMON STOCK2003-08-284M01000015.8125A14502DCOMMON STOCK2003-08-284S01000027.22D4502DOPTIONS15.81252003-08-284M01000027.22D2003-02-072010-02-07COMMON STOCK10000122423DTOTAL INCLUDES 3712 SHARES ACQUIRED UNDER THE PNM RESOURCES, INC. 401(K) PLAN . INFORMATION IS BASED ON A REPORT DATED 07/31/03.WILLIAM J. REAL2003-08-28