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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 JDS3CQbI2khWggGZzkIcABQ2ixzksfmcfz9dSCqUgV2TFtgFW+bHSKIc+ZwYquKd
 2ZcN0NdioB/p2YwYdptucg==

<SEC-DOCUMENT>0001068800-05-000123.txt : 20050223
<SEC-HEADER>0001068800-05-000123.hdr.sgml : 20050223
<ACCEPTANCE-DATETIME>20050223163709
ACCESSION NUMBER:		0001068800-05-000123
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050221
FILED AS OF DATE:		20050223
DATE AS OF CHANGE:		20050223

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:			CARNEY MICHAEL S
		CENTRAL INDEX KEY:			0001184396

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13215
		FILM NUMBER:		05634732

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		217-228-8207

	MAIL ADDRESS:	
		STREET 1:		100 GARDNER PARK
		CITY:			PEACHTREE CITY
		STATE:			GA
		ZIP:			30269
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>carney_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-02-21</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001184396</rptOwnerCik>
            <rptOwnerName>CARNEY MICHAEL S</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>GARDNER DENVER, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>100 GARDNER PARK</rptOwnerStreet2>
            <rptOwnerCity>PEACHTREE CITY</rptOwnerCity>
            <rptOwnerState>GA</rptOwnerState>
            <rptOwnerZipCode>30269</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>VP &amp; Gen. Man. Blower Div.</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1531</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2013</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>401(k) and Excess Plan</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Employee Stock Option (Right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>40.1750</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2005-02-21</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>10500</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <value>2012-02-21</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>10500</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>10500</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Acquired 646 shares under the GDI employee stock purchase plan in January, 2005.</footnote>
        <footnote id="F2">Between 2/24/04 and 2/21/05 the reporting person has acquired 547 shares under the Company's Retirement Savings Plan, a
401(k) plan, and the related Supplemental Excess Defined Contribution Plan. The information reported herein is based on a
report dated as of 2/21/05 from the Plan's recordkeeper, Wachovia Bank, N.A.</footnote>
        <footnote id="F3">The options, granted under the Company's Long-Term Incentive Plan, as amended, vest in three equal annual installments
 beginning on 2/21/06.</footnote>
    </footnotes>

    <remarks>Tracy D. Pagliara, Attorney-in-fact for Michael S. Carney, pursuant to Power of Attorney dated September 17, 2002 and filed
with the SEC on October 2, 2002.</remarks>

    <ownerSignature>
        <signatureName>/s/ Michael S. Carney</signatureName>
        <signatureDate>2005-02-23</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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