X0201 42003-09-08 0000217346 TEXTRON INC TXT 0001226618 BUTLER JOHN D TEXTRON INC. 40 WETMINSTER STREET PROVIDENCE RI 02903 0100Executive Vice PresidentCommon2003-09-084M050000A5000DCommon2003-09-084D0500044.66D0DPhantom Stock02003-09-084M050000DCommon500020000DReflects cash payout of 5,000 units of phantom stock payable in cash only.Converts to the cash equivalent of Textron Common Stock on a 1-for-1 basis.The phantom stock vests in five installments of 5,000 units on each of August 23, 2003, August 23, 2004, August 23, 2005, August 23, 2006 and August 23, 2007, and is payable in cash only. Calculation of the per share price is based on an average of the closing price of Textron Common Stock on the first ten trading days following the vesting date. Ann T. Willaman, by power of attorney2003-09-10