Ownership Submission
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
ODONNELL TERRENCE
   2. Issuer Name and Ticker or Trading Symbol
TEXTRON INC [TXT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP and General Counsel
(Last)
(First)
(Middle)
TEXTRON INC., 40 WESTMINSTER STREET		 3. Date of Earliest Transaction (Month/Day/Year)
12/31/2000
(Street)

PROVIDENCE, RI 02903		 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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

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
Phantom Stock (1) 12/31/2000   A   158.854     (2)   (2) Common Stock 158.854 (3) 161.045 (4) D  
Phantom Stock (1) 12/31/2001   A   281.667     (2)   (2) Common Stock 281.667 (5) 451.997 (4) D  
Phantom Stock (1) 12/31/2002(6)   A   280.308 (6)     (2)   (2) Common Stock 280.308 (6) (6) 751.488 (4) D  
Phantom Stock (1) 12/31/2003(7)   A   130.706 (7)     (2)   (2) Common Stock 130.706 (7) (7) 910.808 (4) D  
Phantom Stock (1) 12/31/2004(8)   A   150.603 (8)     (2)   (2) Common Stock 150.603 (8) (8) 1,083.019 (4) D  
Phantom Stock (1) 12/31/2005(9)   A   217.143 (9)     (2)   (2) Common Stock 217.143 (9) (9) 1,323.001 (4) D  
Phantom Stock (1) 12/31/2006(10)   A   171.43 (10)     (2)   (2) Common Stock 171.43 (10) (10) 1,519.378 (4) D  
Phantom Stock (1) 07/31/2007(11)   A   85.766 (11)     (2)   (2) Common Stock 85.766 (11) (11) 1,617.513 (4) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ODONNELL TERRENCE
TEXTRON INC.
40 WESTMINSTER STREET
PROVIDENCE, RI 02903		       EVP and General Counsel  

Signatures

 /s/ Ann T. Willaman, Attorney-in-Fact   12/04/2007
**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) Each share of phantom stock is valued based upon the value of one (1) share of Textron Inc. Common Stock.
(2) Payable in cash upon the conclusion of Reporting Person's employment with Textron Inc.
(3) Price per share ranges from $45.26 to $66.49.
(4) Acquired pursuant to the Supplemental Savings Plan for Textron Key Executives; total includes phantom shares acquired in dividend reinvestment transactions not required to be reported.
(5) Price per share ranges from $34.98 to $57.77.
(6) Monthly contributions made during FY2002 as follows: 153.345 shares between 1-1-02 and 7-31-02 at prices ranging from $40.07 to $50.71 per share; 25.621 shares on 8-31-02 @ $39.03/share; 27.51 shares on 9-30-02 @ $36.35/share; 26.567 shares on 10-31-02 @ $37.64/share; 23.535 shares on 11-30-02 @ $42.49/share; and 23.73 shares on 12-31-02 @ $42.14/share.
(7) Monthly contributions made during FY2003 as follows: 26.754 shares on 1-31-03 @ $42.05/share; 30.024 shares on 2-28-03 @ $37.47/share; 35.545 shares on 3-31-03 @ $31.65/share; and 38.383 shares on 4-30-03 @ $29.31/share.
(8) Monthly contributions made during FY2004 as follows: 10.573 shares on 1-31-04 @ $56.75/share; 9.254 shares on 2-29-04 @ $55.11/share; 9.499 shares on 3-31-04 @ $53.69/share; 9.334 shares on 4-30-04 @ $54.64/share; 9.471 shares on 5-31-04 @ $53.85/share; 8.87 shares on 6-30-04 @ $57.50/share; 13.012 shares on 7-31-04 @ $58.79/share; 16.196 shares on 8-31-04 @ $62.98/share; 16.162 shares on 9-30-04 @ $63.11/share; 15.563 shares on 10-31-04 @ $65.54/share; 14.29 shares on 11-30-04 @ $71.38/share; and 18.379 shares on 12-31-04 @ $73.40/share.
(9) Monthly contributions made during FY2005 as follows: 20.724 shares on 1-31-05 @ $70.69/share; 18.856 shares on 2-28-05 @ $75.47/share; 15.746 shares on 3-31-05 @ $76.94/share; 16.2 shares on 4-30-05 @ $74.79/share; 15.732 shares on 5-31-05 @ $77.01/share; 15.816 shares on 6-30-05 @ $76.60/share; 23.745 shares on 7-31-05 @ $76.53/share; 16.518 shares on 8-31-05 @ $73.35/share; 17.352 shares on 9-30-05 @ $69.82/share; 17.084 shares on 10-31-05 @ $70.92/share; 15.994 shares on 11-30-05 @ $75.75/share; and 23.376 shares on 12-31-05 @ $77.74/share.
(10) Monthly contributions made during FY2006 as follows: 14.93 shares on 1-31-06 @ $78.57/share; 13.824 shares on 2-28-06 @ $84.86/share; 12.848 shares on 3-31-06 @ $91.30/share; 12.776 shares on 4-30-06 @ $91.82/share; 12.54 shares on 5-31-06 @ $93.55/share; 19.962 shares on 6-30-06 @ $88.15/share; 13.008 shares on 7-31-06 @ $90.18/share; 13.370 shares on 8-31-06 @ $87.74/share; 13.998 shares on 9-30-06 @ $83.80/share; 13.026 shares on 10-31-06 @ $90.06/share; 12.632 shares on 11-30-06 @ $92.87/share; and 18.516 shares on 12-31-06 @ $95.04/share.
(11) Monthly contributions made between January and July 2007 as follows: 12.168 shares on 1-31-07 @ $94.83/share; 12.05 shares on 2-28-07 @ $95.76/share; 12.764 shares on 3-31-07 @ $90.40/share; 11.93 shares on 4-30-07 @ $96.72/share; 11.05 shares on 5-31-07 @ $104.42/share; 15.888 shares on 6-30-07 @ $108.94/share; and 9.916 shares on 7-31-07 @ $116.36/share.
 
Remarks:
The numbers of shares and share prices reported hereby have not been adjusted to reflect Textron Inc.'s two-for-one Common Stock split which occurred on August 24, 2007.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.