-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 ApNAnaQOPFyBlk0SSObVei56Vkfe6IR00sn0E7xxYfEXkNN1ilSgmP+NguqUMCkU
 QnSl9QFQK9GpoJUvBDAuoQ==

<SEC-DOCUMENT>0001068800-04-000345.txt : 20040518
<SEC-HEADER>0001068800-04-000345.hdr.sgml : 20040518
<ACCEPTANCE-DATETIME>20040518152721
ACCESSION NUMBER:		0001068800-04-000345
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040316
FILED AS OF DATE:		20040518

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			STEBER RICHARD C
		CENTRAL INDEX KEY:			0001184397

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13215
		FILM NUMBER:		04816079

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		217-228-8207

	MAIL ADDRESS:	
		STREET 1:		4747 SOUTH 83RD EAST AVENUE
		CITY:			TULSA
		STATE:			OK
		ZIP:			74145

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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>steber_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4/A</documentType>

    <periodOfReport>2004-03-16</periodOfReport>

    <dateOfOriginalSubmission>2004-03-17</dateOfOriginalSubmission>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000916459</issuerCik>
        <issuerName>GARDNER DENVER INC</issuerName>
        <issuerTradingSymbol>GDI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001184397</rptOwnerCik>
            <rptOwnerName>STEBER RICHARD C</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>TCM - MANUFACTURING FACILITY</rptOwnerStreet1>
            <rptOwnerStreet2>4747 SOUTH 83RD EAST AVENUE</rptOwnerStreet2>
            <rptOwnerCity>TULSA</rptOwnerCity>
            <rptOwnerState>OK</rptOwnerState>
            <rptOwnerZipCode>74145</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>VP &amp; Gen. Man., Pump Div.</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2004-03-16</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>8000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>19.9500</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>8788</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Employee Stock Option (Right to buy)</value>
                <footnoteId id="F2"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>19.9500</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2004-03-16</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>8000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <value>2012-02-25</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stk.</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>8000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4000</value>
                    <footnoteId id="F4"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The original Form 4 included an incorrect transaction code.</footnote>
        <footnote id="F2">The original Form 4 omitted the disposition of these derivative securities.</footnote>
        <footnote id="F3">The stock option vested in equal installments on February 25, 2003 and 2004.</footnote>
        <footnote id="F4">The stock option vests on February 25, 2005.</footnote>
    </footnotes>

    <remarks>Tracy D. Pagliara, Attorney-in-fact for Richard C. Steber, pursuant to Power of Sttorney dated September 3, 2002 and filed
 with the SEC on October 2, 2002.</remarks>

    <ownerSignature>
        <signatureName>/s/ Richard C. Steber</signatureName>
        <signatureDate>2004-05-18</signatureDate>
    </ownerSignature>
</ownershipDocument>

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