X0201 4 2003-12-31 0 0000315189 DEERE & CO DE 0000903518 BOWLES CRANDALL CLOSE P O BOX 70 FORT MILL SC 29715 1 0 0 0 Phantom Stock Units 0 2003-12-31 4 A 0 269.024 65.05 A Common Stock 269.024 5279.918 D The security converts to common stock on a one-for-one basis. The phantom stock units were accrued under the Issuer's Nonemployee Director Deferred Compensation Plan and are to be settled solely in cash beginning in the calendar year following the reporting person's retirement from the Issuer's Board. The reported holdings of phantom stock units include units acquired in dividend reinvestment transactions that are exempt from line-item reporting. As of the transaction date, the reporting person directly beneficially owned 7,618 $1 par common shares of the Issuer. 6,218 of such shares are restricted shares acquired under the Issuer's Nonemployee Director Stock Ownership Plan. /s/ James H. Becht, Secretary, Deere & Company, Under Power of Attorney 2004-01-05