FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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

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1. Name and Address of Reporting Person * WALTER ROBERT D   2. Issuer Name and Ticker or Trading Symbol CARDINAL HEALTH INC [CAH] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman and CEO (Last) (First) (Middle) 7000 CARDINAL PLACE 3. Date of Earliest Transaction (Month/Day/Year) 11/09/2004 (Street) DUBLIN, OH 43017 4. If Amendment, Date Original Filed(Month/Day/Year) 6. 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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Shares 11/09/2004   G V 1,142 D (1) 1,761,116 (2) D   Common Shares 11/11/2004   M   136,115 (3) A $ 14.667 1,897,231 D   Common Shares 11/11/2004   F   69,716 (3) D $ 51.8 1,827,515 D   Common Shares               2,386 I By ESPP Common Shares               404,494 I By GRAT VII Common Shares               679,070 I By GRAT VIII Common Shares               419,110 I By GRAT IX Common Shares               500,000 I By LLC (4) Common Shares               700,000 I By GRAT X

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

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

4. Transaction Code (Instr. 8)

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

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

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

8. Price of Derivative Security (Instr. 5)

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

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

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

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Option (right to buy) (5)

$ 14.667

11/11/2004

M

136,115

03/06/1998

03/06/2005

Common Shares

136,115

$ 0

0

D

Option (right to buy) (6)

$ 17.74

03/04/1999

03/04/2006

Common Shares

89,207

1

D

Option (right to buy) (6)

$ 27.053

03/03/2000

03/03/2007

Common Shares

100,409

1

D

Option (right to buy) (6)

$ 27.14

07/21/2000

07/21/2007

Common Shares

45,000

1

D

Option (right to buy) (6)

$ 36.307

03/02/2001

03/02/2008

Common Shares

96,402

1

D

Option (right to buy) (6)

$ 43.14

08/11/2001

08/11/2008

Common Shares

135,000

1

D

Option (right to buy) (6)

$ 47.333

03/01/2002

03/01/2009

Common Shares

187,500

1

D

Option (right to buy) (6)

$ 31.167

(7)

11/15/2009

Common Shares

1,425,000

1

D

Option (right to buy) (6)

$ 66.083

11/20/2003

11/20/2010

Common Shares

272,384

1

D

Option (right to buy) (6)

$ 68.1

01/15/2006

11/19/2011

Common Shares

440,529

1

D

Option (right to buy) (6)

$ 67.9

11/18/2005

11/18/2012

Common Shares

486,009

1

D

Option (right to buy) (6)

$ 61.38

11/17/2006

11/17/2013

Common Shares

507,086

1

D

Option (right to buy) (6) (8)

$ 44.15

08/23/2007

08/23/2014

Common Shares

562,500

1

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
WALTER ROBERT D 7000 CARDINAL PLACE DUBLIN, OH 43017	X		Chairman and CEO

Signatures

Robert D. Walter		11/11/2004
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Bona fide gifts.
(2)	80,890 of these shares were previously reported as indirectly beneficially owned through GRAT IX, and were subsequently transferred to direct beneficial ownership on November 9, 2004.
(3)	The Reporting Person exercised 136,115 stock options granted on March 6, 1995. Such stock options would have expired on March 6, 2005, if not exercised. In light of the expiration date, the Reporting Person exercised all such options and delivered to the Company a total of 69,716 previously owned mature shares as payment of grant price and taxes. The Reporting Person currently intends to hold all such 136,115 exercised shares.
(4)	Reporting person holds the controlling interest in, and is the sole manager of, the LLC.
(5)	Stock option granted pursuant to the Cardinal Health, Inc. Stock Incentive Plan.
(6)	Stock option granted pursuant to the Cardinal Health, Inc. Equity Incentive Plan.
(7)	Stock option vested in three equal annual installments beginning on 11/15/00. The Company recently identified an issue with respect to this award granted in November 1999, and stated in its Form 10-K for the fiscal year ended June 30, 2004 that the option award was in excess of that permitted to be granted to a single individual during any fiscal year under the Company's Equity Incentive Plan, and that the Compensation Committee is currently exploring alternatives to substitute the remaining portion of the stock option granted to the reporting person in excess of the 562,500 shares with equivalent value.
(8)	Stock option granted pursuant to the reporting person's Employment Agreement with Cardinal Health dated November 20, 2001, as amended and restated as of February 1, 2004 (the "Employment Agreement").

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