X0202 5 2004-12-27 1 0 0 0000085408 ROWAN COMPANIES INC RDC 0001183338 BOSWELL HENRY O 2800 POST OAK BLVD SUITE 5450 HOUSTON TX 77056-6127 1 0 0 0 Common Stock 2004-12-27 5 G 0 5000 0 A 71600 D Reflects the Reporting Person's aggregated directly-owned shares (25,600) and indirectly-owned shares (46,000, of which Reporting Person disclaims beneficial ownership) as follows: 23,000 shares owned by Reporting Person's wife, 23,000 shares held by Dome Lake Investments, Ltd., in which Reporting Person and his wife hold a 59% interest in the general partner's 99% interest and a 60% interest in the limited partner's interest. /s/ Mark Hay*** 2005-01-14