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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 VTuf8byR1LcS9YkTi3Ksw/LZ9L7t2m3xQgeJplsHs0EPdppguAzCUJQnuPiSpgRH
 jG2gYnpH43JPZFIkjFqw2Q==

<SEC-DOCUMENT>0001181431-03-034266.txt : 20031205
<SEC-HEADER>0001181431-03-034266.hdr.sgml : 20031205
<ACCEPTANCE-DATETIME>20031205112012
ACCESSION NUMBER:		0001181431-03-034266
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031203
FILED AS OF DATE:		20031205

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HILLENBRAND INDUSTRIES INC
		CENTRAL INDEX KEY:			0000047518
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS FURNITURE & FIXTURES [2590]
		IRS NUMBER:				351160484
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		700 STATE ROUTE 46 E
		CITY:			BATESVILLE
		STATE:			IN
		ZIP:			47006-8835
		BUSINESS PHONE:		8129347000

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WAASER R ERNEST
		CENTRAL INDEX KEY:			0001191283

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06651
		FILM NUMBER:		031039458

	BUSINESS ADDRESS:	
		STREET 1:		700 STATE ROUTH 46E
		CITY:			BATESVILLE
		STATE:			IN
		ZIP:			47006
		BUSINESS PHONE:		9414320163
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd24364.xml
<DESCRIPTION>12/4/03 AWARD
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-12-03</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000047518</issuerCik>
        <issuerName>HILLENBRAND INDUSTRIES INC</issuerName>
        <issuerTradingSymbol>HB</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001191283</rptOwnerCik>
            <rptOwnerName>WAASER R ERNEST</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>700 STATE ROUTE 46E</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BATESVILLE</rptOwnerCity>
            <rptOwnerState>IN</rptOwnerState>
            <rptOwnerZipCode>47006</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>Vice President</officerTitle></reportingOwnerRelationship></reportingOwner><derivativeTable><derivativeTransaction><securityTitle><value>Employee Stock Option - Right To Buy</value></securityTitle><conversionOrExercisePrice><footnoteId id="F1"/></conversionOrExercisePrice><transactionDate><value>2003-12-03</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>24000</value></transactionShares><transactionPricePerShare><value>58.24</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2004-12-03</value><footnoteId id="F2"/></exerciseDate><expirationDate><value>2013-12-03</value><footnoteId id="F2"/></expiration
Date><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>24000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>24000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction><derivativeTransaction><securityTitle><value>Restricted Stock Units(Deferred Stock Award)-12/4/03 (5 yr.)</value></securityTitle><conversionOrExercisePrice><footnoteId id="F1"/></conversionOrExercisePrice><transactionDate><value>2003-12-03</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>4500</value></transactionShares><transactionPricePerShare><value>58.24</value></transact
ionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2005-12-04</value><footnoteId id="F3"/></exerciseDate><expirationDate><footnoteId id="F3"/></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>4500</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>4500</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction><derivativeTransaction><securityTitle><value>Restricted Stock Units(Deferred Stock Award)-12/4/03 (1 yr.)</value></securityTitle><conversionOrExercisePrice><footnoteId id="F1"/></conversionOrExercisePrice><transactionDate><value>2003-12-03</value></transactionDate><transactionCoding><transactionFormType>4</transacti
onFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>343</value></transactionShares><transactionPricePerShare><value>58.24</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2004-12-04</value><footnoteId id="F4"/></exerciseDate><expirationDate><footnoteId id="F4"/></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>343</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>343</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction></derivativeTable><footnotes><footnote id="F1">Conversion or Exercise Price o
f Derivative Security is 1-for-1.</footnote><footnote id="F2">The option vests in three equal annual installments beginning on the date indicated.</footnote><footnote id="F3">Restricted Stock Units vest 20% on 12/4/05; 25% on 12/4/06; 25% on 12/4/07; and 30% on 12/4/08.  Stock units will automatically be converted into shares of common stock in accordance with the respective vesting schedule unless a previous deferral election has been made.  Stock units are entitled to dividend equivalent rights, which accrue on dividend record dates.</footnote><footnote id="F4">Restricted Stock Units will automatically be converted into shares of common stock on the vesting date unless a previous deferral election has been made.  Stock units are entitled to dividend equivalent rights, which accrue on dividend record dates.</footnote></footnotes><ownerSignature><signatureName>R. Ernest Waaser</signatureName><signatureDate>2003-12-05</signatureDate></ownerSignature></ownershipDocument>



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