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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001180785-03-000008.txt : 20030501
<SEC-HEADER>0001180785-03-000008.hdr.sgml : 20030501
<ACCEPTANCE-DATETIME>20030501161121
ACCESSION NUMBER:		0001180785-03-000008
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030429
FILED AS OF DATE:		20030501

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PROCTER & GAMBLE CO
		CENTRAL INDEX KEY:			0000080424
		STANDARD INDUSTRIAL CLASSIFICATION:	SOAP, DETERGENT, CLEANING PREPARATIONS, PERFUMES, COSMETICS [2840]
		IRS NUMBER:				310411980
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-00434
		FILM NUMBER:		03677061

	BUSINESS ADDRESS:	
		STREET 1:		ONE PROCTER & GAMBLE PLZ
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45202
		BUSINESS PHONE:		5139831100

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MCDONALD ROBERT A
		CENTRAL INDEX KEY:			0001180785
		RELATIONSHIP:				OFFICER
		IRS NUMBER:				324480924

	FILING VALUES:
		FORM TYPE:		4

	BUSINESS ADDRESS:	
		STREET 1:		C/O THE PROCTER & GAMBLE COMPANY,
		STREET 2:		ONE PROCTER & GAMBLE PLAZA
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45202
		BUSINESS PHONE:		5139832993

	MAIL ADDRESS:	
		STREET 1:		C/O THE PROCTER & GAMBLE COMPANY,
		STREET 2:		ONE PROCTER & GAMBLE PLAZA
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45202
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.txt
<DESCRIPTION>FORM 4 - 04-29-2003
<TEXT>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
   Robert A. McDonald
   One Procter and Gamble Plaza
   OH, Cincinnati 45202
2. Issuer Name and Ticker or Trading Symbol
   The Procter and Gamble Company (PG)

3. IRS or Social Security Number of Reporting Person (Voluntary)
   N/A
4. Statement for Month/Day/Year
   4/29/2003
5. If Amendment, Date of Original (Month/Day/Year)

6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   ( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
   (specify below)
   President-Global Fabric and Home Care
7. Individual or Joint/Group Filing (Check Applicable Line)
   (X) Form filed by One Reporting Person
   ( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                 |
___________________________________________________________________________________________________________________________________|
1. Title of Security|2.    |2A.   |3.    |4.Securities Acquired (A)         |5.Amount of        |6.Dir |7.Nature of Indirect       |
                    |Trans-|Exec- |Trans |  or Disposed of (D)              |  Securities       |ect   |  Beneficial Ownership     |
                    |action|ution |action|                                  |  Beneficially     |(D)or |                           |
                    |      |      |    | |                  | A/|           |  Owned Following  |Indir |                           |
                    |Date  | Date |Code|V|    Amount        | D |    Price  |  Reported Trans(s)|ect(I)|                           |
___________________________________________________________________________________________________________________________________|
<S>                 <C>    <C>    <C>  <C><C>               <C> <C>         <C>                 <C>    <C>
Common Stock        |4/29/ |      |S   | |2372.0000         |D  |90.6000    |11487.0000         |D     |                           |
                    |2003  |      |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock        |      |      |    | |                  |   |           |10960.7890         |I     |By Retirement Plan Trustees|
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________|
 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
___________________________________________________________________________________________________________________________________|
1.Title of   |2.Con-  |3.     |3A.   |4.    |5.Number of De |6.Date Exer|7.Title and Amount  |8.Price|9.Number    |10.|11.Nature of|
  Derivative |version |Trans- |Deemed|Trans-| rivative Secu |cisable and|  of Underlying     |of Deri|of Deriva   |Dir|Indirect    |
  Security   |or Exer |action |      |action| rities Acqui  |Expiration |  Securities        |vative |tive        |ect|Beneficial  |
             |cise    |       |Execu-|      | red(A) or Dis |Date(Month/|                    |Secu   |Securities  |(D)|Ownership   |
             |Price of|       |ution |      | posed of(D)   |Day/Year)  |                    |rity   |Benefi      |or |            |
             |Deriva- |       |      |      |               |Date |Expir|                    |       |ficially    |Ind|            |
             |tive    |       |      |      |           | A/|Exer-|ation|   Title and Number |       |Owned Follow|ire|            |
             |Secu-   |(Month/|(Month|    | |           | D |cisa-|Date |   of Shares        |       |ing Reported|ct |            |
             |rity    |Day/   |/Day/ |Code|V|  Amount   |   |ble  |     |                    |       |Trans-      |(I)|            |
             |        |Year)  |Year) |    | |           |   |     |     |                    |       |action(s)   |   |            |
___________________________________________________________________________________________________________________________________|
<S>          <C>      <C>     <C>    <C>  <C><C>        <C> <C>   <C>   <C>          <C>     <C>     <C>          <C> <C>
Series A Pref|1       |12/31/ |      |A   |V|23.9449    |A  |3    |     |Common Stock|23.9449|4.0000 |            |I  |By Retiremen|
erred Stock  |        |2002 2 |      |    | |           |   |     |     |            |       |       |            |   |t Plan Trust|
             |        |       |      |    | |           |   |     |     |            |       |       |            |   |ees         |
- -----------------------------------------------------------------------------------------------------------------------------------|
Series A Pref|1       |3/31/ 2|      |A   |V|24.9121    |A  |3    |     |Common Stock|24.9121|4.0000 |5093.2619   |I  |By Retiremen|
erred Stock  |        |003 5  |      |    | |           |   |     |     |            |       |       |            |   |t Plan Trust|
             |        |       |      |    | |           |   |     |     |            |       |       |            |   |ees         |
- -----------------------------------------------------------------------------------------------------------------------------------|
             |        |       |      |    | |           |   |     |     |            |       |       |            |   |            |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
1. Higher of $13.75 or market price of Common Stock.
2. Series A Preferred Stock allocated to officer's Retirement Plan Account
pursuant to formula award provision for the period 10/1/02 and 12/31/02.
3. Shares held by Retirement Plan Trustees.  If officer terminates employment
and elects distribution of shares, or, if after age 50 elects alternative
investment within Plan, Preferred Stock converted/redeemed at specified
conversion/exercise price.
4. Series A Preferred Stock allocated to officer's Retirement Plan account
pursuant to Retirement Plan provisions.
5. Series A Preferred Stock allocated to officer's Retirement Plan Account
pursuant to formula award provision for the plan year 1/1/03 through 3/31/03.
SIGNATURE OF REPORTING PERSON
Robert A. McDonald
/S/ E. J. WUNSCH -- As Attorney-in-Fact for Robert A. McDonald

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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