X0202 4 2004-06-30 0 0000315189 DEERE & CO DE 0001055687 KELLY ARTHUR L SUITE 2222 20 SOUTH CLARK STREET CHICAGO IL 60603 1 0 0 0 Phantom Stock Units 0 2004-06-30 4 A 0 24.95 70.14 A Common Stock 24.95 3317.552 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 11,082 $1 par restricted common shares of the Issuer and indirectly beneficially owned 4,200 $1 par common shares of the Issuer through an estate trust. /s/James H. Becht, Secretary, Deere & Company, as Power of Attorney 2004-07-01