X0201 42003-12-31 0000200406 JOHNSON & JOHNSON JNJ 0001189005 FINE ROGER S JOHNSON & JOHNSON ONE JOHNSON & JOHNSON PLAZA NEW BRUNSWICK NJ 08933 0100Vice President General CounselCommon2003-12-175G04264D141721DCommon2003-12-315J0100A2090I401 (k) and ESOP Savings PlansCommon30750IBy GRATCommon14000IBy WifeCommon11970ITrust for SonCommon2003-12-175G01523A12093ITrust for SonPhantom Stock Units02003-12-314J05451.31ACommon5411741DGiftShares acquired under Johnson & Johnson's 401(k) and ESOP Savings Plans at Plan's most recent reporting date (12/31/2003).The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.The Phantom Stock converts into common stock on a one-for-one basis.The Phantom Stock Units were acquired under the Issuer's Executive Income Deferral Plan on December 31, 2003 at $51.31 per share and are to be settled in cash upon the Reporting Person's Retirement.M. H. Ullmann, Attorney in Fact for R. S. Fine2004-01-05