Exhibit 25

EXHIBIT 25

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM T-1

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF
A CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF
A TRUSTEE PURSUANT TO SECTION 305(b)(2) ________

J. P. MORGAN TRUST COMPANY,
NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)


		95-4655078
(State of incorporation if not a national bank)		(I.R.S. employer identification No.)

1999 Avenue of the Stars — Floor 26
Los Angeles, CA		90067
(Address of principal executive offices)		(Zip Code)

William H. McDavid
General Counsel
270 Park Avenue
New York, New York 10017
Tel: (212) 270-2611
(Name, address and telephone number of agent for service)

THE PROCTER & GAMBLE COMPANY

(Exact name of obligor as specified in its charter)


Ohio		31-0411980
(State or other jurisdiction of incorporation or organization)		(I.R.S. employer identification No.)

One Procter & Gamble Plaza Cincinnati, Ohio		45202
(Address of principal executive offices)		(Zip Code)

Debt Securities
Warrants
(Title of the indenture securities)


Item 1.		General Information.

Furnish the following information as to the trustee:

(a) Name and address of each examining or supervising authority to which it is subject.

Comptroller of the Currency, Washington, D.C.
Board of Governors of the Federal Reserve System, Washington, D.C.

(b) Whether it is authorized to exercise corporate trust powers.

Yes.


Item 2.		Affiliations with Obligor.

If the Obligor is an affiliate of the trustee, describe each such affiliation.

None.

No responses are included for Items 3-15 of this Form T-1 because the Obligor is not in default as provided under Item 13.


Item 16.		List of Exhibits.


		List below all exhibits filed as part of this statement of eligibility.

		Exhibit 1.		Articles of Association of the Trustee as Now in Effect (see Exhibit 1 to Form T-1 filed in connection with Form 8K of the Southern California Water Company filing, dated December 7, 2001, which is incorporated by reference).

		Exhibit 2.		Certificate of Authority of the Trustee to Commence Business (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 333-41329, which is incorporated by reference).

		Exhibit 3.		Authorization of the Trustee to Exercise Corporate Trust Powers (contained in Exhibit 2).

		Exhibit 4.		Existing By-Laws of the Trustee (see Exhibit 4 to Form T-1 filed in connection with Form 8K of the Southern California Water Company filing, dated December 7, 2001, which is incorporated by reference).

		Exhibit 5.		Not Applicable

		Exhibit 6.		The consent of the Trustee required by Section 321 (b) of the Act (see Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 333-41329, which is incorporated by reference).

		Exhibit 7.		A copy of the latest report of condition of the Trustee, published pursuant to law or the


				requirements of its supervising or examining authority.

		Exhibit 8.		Not Applicable

		Exhibit 9.		Not Applicable

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, J. P. Morgan Trust Company, National Association, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Chicago, and State of Illinois, on the 8th day of March, 2004.



		J. P. Morgan Trust Company, National Association

		By		/s/ F. Henry Kleschen III

				F. Henry Kleschen III Authorized Officer

Exhibit 7. Report of Condition of the Trustee.


Consolidated Report of Condition of		J.P. Morgan Trust Company, National Association

		(Legal Title)

as of close of business on		June 30, 2003


	($000)
*Assets*
Cash and Due From Banks	$	30,669
Securities		106,073
Loans and Leases		41,488
Premises and Fixed Assets		9,168
Intangible Assets		162,542
Other Assets		17,245

Total Assets	$	367,185

*Liabilities*
Deposits	$	97,653
Other Liabilities		47,491

Total Liabilities		145,144
*Equity Capital*
Common Stock		600
Surplus		181,587
Retained Earnings		39,854

Total Equity Capital		222,041

Total Liabilities and Equity Capital	$	367,185

	(a)		Name and address of each examining or supervising authority to which it is subject.

			Comptroller of the Currency, Washington, D.C. Board of Governors of the Federal Reserve System, Washington, D.C.

	(b)		Whether it is authorized to exercise corporate trust powers.

			Yes.

		If the Obligor is an affiliate of the trustee, describe each such affiliation.

		None.