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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 K/m3RGMdwNlwbZ4kwDQqKmADzGzJEu95I1PzbZyFg5X6sGn+6sDia4lG45/9Q1bg
 0YzihMePA5H4OaYs4RHGww==

<SEC-DOCUMENT>0001005477-03-002350.txt : 20030729
<SEC-HEADER>0001005477-03-002350.hdr.sgml : 20030729
<ACCEPTANCE-DATETIME>20030729145151
ACCESSION NUMBER:		0001005477-03-002350
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030728
FILED AS OF DATE:		20030729

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GARDNER DENVER INC
		CENTRAL INDEX KEY:			0000916459
		STANDARD INDUSTRIAL CLASSIFICATION:	GENERAL INDUSTRIAL MACHINERY & EQUIPMENT [3560]
		IRS NUMBER:				760419383
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1800 GARDNER EXPRESSWAY
		STREET 2:		P O BOX 528
		CITY:			QUINCY
		STATE:			IL
		ZIP:			62301
		BUSINESS PHONE:		2172225400

	MAIL ADDRESS:	
		STREET 1:		1800 GARDNER EXPRESSWAY
		STREET 2:		P O BOX 528
		CITY:			QUINCY
		STATE:			IL
		ZIP:			62301

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GARDNER DENVER MACHINERY INC
		DATE OF NAME CHANGE:	19931221

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SCHUMACHER DIANE K
		CENTRAL INDEX KEY:			0001191933

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13215
		FILM NUMBER:		03808405

	BUSINESS ADDRESS:	
		STREET 1:		COOPER INDUSTRIES INC
		STREET 2:		600 TRAVIS SUITE 5800
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002
		BUSINESS PHONE:		7132098407
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar123.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
    <periodOfReport>2003-07-28</periodOfReport>
    <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000916459</issuerCik>
        <issuerName>GARDNER DENVER INC</issuerName>
        <issuerTradingSymbol>GDI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>

        <reportingOwnerId>
            <rptOwnerCik>0001191933</rptOwnerCik>
            <rptOwnerName>SCHUMACHER DIANE K</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>COOPER INDUSTRIES, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>600 TRAVIS, SUITE 5800</rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77002</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
        <isDirector>1</isDirector>
        <isOfficer>0</isOfficer>
        <isTenPercentOwner>0</isTenPercentOwner>
        <isOther>0</isOther>
    </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>

        <securityTitle>
            <value>Phantom Stock Units</value>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>0</value>
            <footnoteId id="F2"/>
        </conversionOrExercisePrice>

        <transactionDate>
            <value>2003-07-25</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>A</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>29.2</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>20.01</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>A</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>

        <exerciseDate>
            <value>1988-08-08</value>
            <footnoteId id="F1"/>
        </exerciseDate>

        <expirationDate>
            <value>1988-08-08</value>
            <footnoteId id="F1"/>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>29.2</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>29.2</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeTransaction>

    </derivativeTable>
    <footnotes>
        <footnote id="F1">The cash value of these units will be distributed to the director or beneficiary on the first day of the month
following the date upon which the director ceases to be a director of the Company for any reason, (or in no more
than twelve installments beginning on the aforementioned date) pursuant to the Company's Phantom Stock Plan for
Outside Directors (the &quot;Phantom Plan&quot;).</footnote>
        <footnote id="F2">The security converts to common stock on a one-for-one basis.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Diane K. Schumacher by Tracy D. Pagliara, Attorney-in-fact for Diane K. Schumacher, pursuant to Power of Attorney dated August 29, 2002 and filed with the SEC on October 2, 2002.</signatureName>
        <signatureDate>2003-07-28</signatureDate>
    </ownerSignature>

</ownershipDocument>

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