FORM 4	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549	OMB APPROVAL
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940	OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response. . .0.5 Filed By Romeo and Dye's Section 16 Filer www.section16.net

1. Name and Address of Reporting Person* HOVIND DAVID J	2. Issuer Name and Ticker or Trading Symbol PACCAR Inc (PCAR)		6. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director                                       10% Owner X Officer (give title below)          Other (specify below) VICE CHAIRMAN
(Last)      (First)     (Middle) 777 106TH AVENUE NE	3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)	4. Statement for Month/Day/Year 1/9/2003
(Street) BELLEVUE, WA 98004		5. If Amendment, Date of Original (Month/Day/Year)	7. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person     Form filed by More than One Reporting Person
(City)     (State)     (Zip)	Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)	2. Trans- action Date (Month/ Day/ Year)	2A. Deemed Execution Date, if any (Month/Day/ Year)	3. Trans- action Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 & 5)			5. Amount of Securities Beneficially Owned Follow- ing Reported Transactions(s) (Instr. 3 & 4)	6. Owner- ship Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
COMMON STOCK								14,944	D
COMMON STOCK (SIP)	12/05/02		J(1)		65.2(2)	A	$47.36
COMMON STOCK (SIP)	01/06/03		J(1)		225.8(2)	A	$48.08	15,732.6(2)	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number

FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conver- sion or Exercise Price of Derivative Security

3. Trans- action Date (Month/ Day/ Year)

3A. Deemed Execution Date, if any (Month/ Day/ Year)

4. Trans- action Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 & 5)

6. Date Exercisable and Expiration Date (Month/Day/ Year)

7. Title and Amount of Underlying Securities (Instr. 3 & 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exer-cisable

Expira- tion Date

Title

Amount or Number of Shares

STOCK OPTION

$16.50

01/01/99

04/30/06

COMMON STOCK

33,661

33,661

I

Held in name of reporting person but beneficially owned by former spouse.

STOCK OPTION

$24.42

01/01/00

04/29/07

COMMON STOCK

24,631

24,631

I

Held in name of reporting person, but beneficially owned by former spouse.

STOCK OPTION

$27.83

01/01/03

01/25/10

COMMON STOCK

63,915

63,915

D

STOCK OPTION

$33.42

01/01/04

01/24/11

COMMON STOCK

57,633

57,633

D

STOCK OPTION

$42.31

01/01/05

01/23/12

COMMON STOCK

47,934

47,934

D

COMMON STOCK (LTIP)

N/A

N/A

N/A

COMMON STOCK

15,366.0(2)

15,366.0(2)(3)

D

COMMON STOCK (DICP)

N/A

N/A

N/A

COMMON STOCK

3,135.3(2)

3,135.3(2)(4)

D

Explanation of Responses:

(1) Dividend on PACCAR Savings Investment Plan (SIP) shares reinvested pursuant to SIP (SIP information based on most recent reports from SIP Trustee).
(2) Fractional shares rounded to nearest 1/10th.
(3) Share units held in deferred phantom stock account under PACCAR Long Term Incentive Plan.
(4) Share units held in deferred phantom stock account under PACCAR Deferred Incentive Compensation Plan.

By: /s/ David J. Hovind by G. Glen Morie (POA)
              
**Signature of Reporting Person 1-09-03
Date

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed.
          If space is insufficient, See Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

POWER OF ATTORNEY







 I, David J. Hovind, hereby appoint and constitute G. Glen Morie and Janice M. D'Amato, acting individually, my true and lawful attorney-in-fact with full power to sign for me and in my name a Statement of Changes of Beneficial Ownership of Securities issued by PACCAR Inc on Form 4 and Form 5 to be filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, together with any and all amendments thereto.  This power of attorney shall remain in effect until January 5, 2004, unless earlier terminated by the undersigned in writing.



 IN WITNESS WHEREOF, the undersigned has executed this power of attorney this 9th day of September, 2002.





/s/ David J. Hovind

David J. Hovind