X0201 42004-01-21 0000029924 DOW JONES & CO INC DJ 0001189767 STEIGER PAUL E 200 LIBERTY STREET NEW YORK NY 10281 0100Managing Editor, WSJEmployee Stock Option (Right to Buy)52.652004-01-214A0175000A2014-01-21Common Stock1750017500DThis employee stock option was granted under the Dow Jones 2001 Long-Term Incentive Plan and includes a tandem SAR.Grant of employee stock option to buy shares of common stock, one-third of shares exercisable beginning on the first anniversary of the date of grant, another one-third exercisable beginning on the second anniversary of the date of grant and the balance, beginning on the third anniversary of the date of grant.Mia Israeli**Attorney in Fact2004-01-23