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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
DOANE W ALLEN JR
   2. Issuer Name and Ticker or Trading Symbol
ALEXANDER & BALDWIN INC [ALEX] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Director, President & CEO
(Last)
(First)
(Middle)
822 BISHOP STREET		 3. Date of Earliest Transaction (Month/Day/Year)
12/03/2004
(Street)

HONOLULU, HI 96813		 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 Stock (1) 12/03/2004   M   24,800 A $ 21.59 91,992 D  
Common Stock (1) 12/03/2004   S   18,000 D $ 43.18 73,992 D  
Common Stock (1) 12/03/2004   S   6,000 D $ 43.19 67,992 D  
Common Stock (1) 12/03/2004   S   800 D $ 43.21 67,192 D  
Common Stock (1) 12/06/2004   M   12,200 A $ 21.59 79,392 D  
Common Stock (1) 12/06/2004   M   83,000 A $ 20.88 162,392 D  
Common Stock (1) 12/06/2004   S   2,200 D $ 42.89 160,192 D  
Common Stock (1) 12/06/2004   S   11,700 D $ 42.9 148,492 D  
Common Stock (1) 12/06/2004   S   300 D $ 42.91 148,192 D  
Common Stock (1) 12/06/2004   S   22,700 D $ 42.93 125,492 D  
Common Stock (1) 12/06/2004   S   200 D $ 42.94 125,292 D  
Common Stock (1) 12/06/2004   S   3,000 D $ 42.95 122,292 D  
Common Stock (1) 12/06/2004   S   563 D $ 42.96 121,729 D  
Common Stock (1) 12/06/2004   S   200 D $ 42.99 121,529 D  
Common Stock (1) 12/06/2004   S   2,937 D $ 43 118,592 D  
Common Stock (1) 12/06/2004   S   400 D $ 43.04 118,192 D  
Common Stock (1) 12/06/2004   S   10,000 D $ 43.08 108,192 D  
Common Stock (1) 12/06/2004   S   14,000 D $ 43.2 94,192 D  
Common Stock (1) 12/06/2004   S   10,000 D $ 43.25 84,192 D  
Common Stock (1) 12/06/2004   S   2,811 D $ 43.3 81,381 D  
Common Stock (1) 12/06/2004   S   1,600 D $ 43.31 79,781 D  
Common Stock (1) 12/06/2004   S   89 D $ 43.32 79,692 D  
Common Stock (1) 12/06/2004   S   5,500 D $ 43.35 74,192 D  
Common Stock (1) 12/06/2004   S   6,000 D $ 43.37 68,192 D  
Common Stock (1) 12/06/2004   S   1,000 D $ 43.38 67,192 D  
Common Stock (1)               16,000 I By Revocable Living Trust

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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
Stock Option $ 21.59 12/03/2004   M     24,800 01/26/2001 01/25/2010 Common Stock 24,800 $ 0 62,700 D  
Stock Option $ 20.88 12/06/2004   M     83,000 01/27/2000 01/26/2009 Common Stock 83,000 $ 0 0 D  
Stock Option $ 21.59 12/06/2004   M     12,200 01/26/2001 01/25/2010 Common Stock 12,200 $ 0 50,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
DOANE W ALLEN JR
822 BISHOP STREET
HONOLULU, HI 96813		   X     Director, President & CEO  

Signatures

 /s/ Doane, W. Allen   12/06/2004
**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) On June 25, 1998, the Board of Directors of the Company declared a dividend, with respect to each share of common stock, of Common Stock Purchase Rights (the 'Rights') pursuant to a Rights Agreement, dated as of June 25, 1998. The Rights are currently attached to, represented by, and transferable with, certificates representing outstanding shares of common stock.

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