X0201 4 2003-12-15 0 0000023675 CNF INC CNF 0001201921 SCHMOLLER EBERHARD G H 3240 HILLVIEW AVENUE3240 HILLVIEW AVENUE PALO ALTO CA 94304 0 1 0 0 Sr VP, Gen Counsel and Sec Common Stock 2003-12-15 2003-12-15 4 A 0 18000.0000 32.87 A 26539.0000 D Common Stock 2175.0000 D Common Stock 2003-12-15 2003-12-15 4 J 0 4.2820 0 A 1416.6650 I 401(k) Plan Common Stock 33748.0000 I By trust In addition to the 26,539 shares of common stock directly held, the 2,175 shares of common stock jointly held, the 1,416.665 shares of common stock indirectly held in the 401(k) Plan and the 33,748 shares of common stock indirectly held in trust, 210.8250 shares of Series B preferred stock are indirectly held in the 401(k) Plan. These shares were acquired under the CNF Thrift and Stock Plan at a price of $32.9845 per share, in a transaction that was exempt from Section 16(b) by virture of Rule 16(b)-3. These shares are held in a trust in which the reporting person and his spouse are the settlers, trustees and beneficiaries. Eberhard G.H. Schmoller 2003-12-17