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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FehAiPfSYXu4vbwZyBWHPTuPxixvPvaeWYHz31rTQYGk+4s9rTT5D5V19Hi/bv+M
 Pczx3ZC81v98QUlOe9x1fA==

<SEC-DOCUMENT>0000064670-03-000102.txt : 20031027
<SEC-HEADER>0000064670-03-000102.hdr.sgml : 20031027
<ACCEPTANCE-DATETIME>20031027125925
ACCESSION NUMBER:		0000064670-03-000102
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031023
FILED AS OF DATE:		20031027

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MEDTRONIC INC
		CENTRAL INDEX KEY:			0000064670
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
		IRS NUMBER:				410793183
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			0430

	BUSINESS ADDRESS:	
		STREET 1:		710 MEDTRONIC PKWY
		STREET 2:		MS LC300
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55432
		BUSINESS PHONE:		7635144000

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GUEZURAGA ROBERT M
		CENTRAL INDEX KEY:			0001145150

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07707
		FILM NUMBER:		03958010

	BUSINESS ADDRESS:	
		STREET 1:		MEDTRONIC INC
		STREET 2:		710 MEDTRONIC PKWY, MS LC310
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55432-5604
		BUSINESS PHONE:		7635144000

	MAIL ADDRESS:	
		STREET 1:		MEDTRONIC INC
		STREET 2:		710 MEDTRONIC PKWY, MS LC310
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55432-5604
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c0001145150d20031027f4f.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<ownershipDocument><schemaVersion>X0201</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-10-23</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000064670</issuerCik><issuerName>MEDTRONIC INC</issuerName>        <issuerTradingSymbol>MDT</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001145150</rptOwnerCik><rptOwnerName>GUEZURAGA ROBERT M</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>MEDTRONIC, INC.</rptOwnerStreet1><rptOwnerStreet2>710 MEDTRONIC PARKWAY</rptOwnerStreet2><rptOwnerCity>MINNEAPOLIS</rptOwnerCity><rptOwnerState>MN</rptOwnerState><rptOwnerZipCode>55432-5604</rptOwnerZipCode><rptOwnerStateDescription></rptOwnerStateDescription></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>Sr VP &amp; Pres, Cardiac Surgery</officerTitle><otherText></otherText></reportingOwnerR
elationship></reportingOwner><nonDerivativeTable><nonDerivativeHolding><securityTitle><value>Common Stock</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>1957.29</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value></value></natureOfOwnership></ownershipNature></nonDerivativeHolding><nonDerivativeHolding><securityTitle><value>Common Stock</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>1004.321</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>By ESOP</value></natureOfOwnership></ownershipNature></nonDerivativeHolding><nonDerivativeHolding><securityTitle><value>Common Stock</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>415.556</value></sha
resOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>By 401(k) Plan</value></natureOfOwnership></ownershipNature></nonDerivativeHolding><nonDerivativeHolding><securityTitle><value>Deferred Stock Units</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>773.018</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value></value></natureOfOwnership></ownershipNature></nonDerivativeHolding></nonDerivativeTable><derivativeTable><derivativeTransaction><securityTitle><value>Stock Options (Right to buy)</value></securityTitle><conversionOrExercisePrice><value>46.01</value></conversionOrExercisePrice><transactionDate><value>2003-10-23</value></transactionDate><deemedExecutionDate></deemedExecutionDate><transactionCoding><transactionFormType>4</transac
tionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>36949</value></transactionShares><transactionPricePerShare><value>0</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2004-10-23</value><footnoteId id="F1"/></exerciseDate><expirationDate><value>2013-10-23</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>36949</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>36949</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value></value></natureOfOwnership></ownershipNature></derivativeTransaction></derivativeTab
le><footnotes><footnote id="F1">These options become exercisable at the rate of 25% of the shares granted per year beginning on the first anniversary of grant.</footnote></footnotes><ownerSignature><signatureName>Richard F. Hamm, Jr., Attorney-in-fact</signatureName><signatureDate>2003-10-27</signatureDate></ownerSignature></ownershipDocument>

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</SEC-DOCUMENT>
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