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 * GAGLIARDI GERALD   2. Issuer Name and Ticker or Trading Symbol NCR CORP [NCR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Senior Vice President (Last) (First) (Middle) 1700 S. PATTERSON BOULEVARD 3. Date of Earliest Transaction (Month/Day/Year) 03/11/2005 (Street) DAYTON, OH 45479 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 03/11/2005   M   13,334 A $ 20.595 46,926 D   Common Stock 03/11/2005   M   10,666 A $ 9.675 57,592 D   Common Stock 03/11/2005   M   10,666 A $ 22.65 68,258 D   Common Stock 03/11/2005   S   26,666 D $ 39.0274 41,805.4041 (1) D

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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

Employee Stock Option (Right to Buy)

$ 20.595 (2)

03/11/2005

M

13,334 (3)

(4)

01/24/2012

Common Stock

13,334 (3)

$ 0

0

D

Employee Stock Option (Right to Buy)

$ 9.675 (5)

03/11/2005

M

10,666 (6)

(7)

02/03/2013

Common Stock

21,334 (6)

$ 0

10,668

D

Employee Stock Option (Right to Buy)

$ 22.65 (8)

03/11/2005

M

10,666 (9)

(10)

03/01/2014

Common Stock

32,000 (9)

$ 0

21,334

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
GAGLIARDI GERALD 1700 S. PATTERSON BOULEVARD DAYTON, OH 45479			Senior Vice President

Signatures

Nelson F. Greene, Attorney-in-fact for Gerald Gagliardi		03/15/2005
**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)	Includes 213.4041 shares acquired under the NCR Employee Stock Purchase Plan.
(2)	Previously reported price was $41.19. On January 21, 2005, the common stock of NCR Corporation split 2-for-1, with the result that the previously reported price of $41.19 split to $20.595.
(3)	Previously reported number of securities was 6,667. On January 21, 2005, the common stock of NCR Corporation split 2-for-1, with the result that the previously reported number of securities of 6,667 increased to 13,334, of which all are being exercised.
(4)	The option vests in 3 equal annual installments beginning on 01/24/2003.
(5)	Previously reported price was $19.35. On January 21, 2005, the common stock of NCR Corporation split 2-for-1, with the result that the previously reported price of $19.35 split to $9.675.
(6)	Previously reported number of securities was 10,667. On January 21, 2005, the common stock of NCR Corporation split 2-for-1, with the result that the previously reported number of securities of 10,667 increased to 21,334, of which 10,666 are being exercised.
(7)	The option vests in 3 equal annual installments beginning on 02/03/2004.
(8)	Previously reported price was $45.30. On January 21, 2005, the common stock of NCR Corporation split 2-for-1, with the result that the previously reported price of $45.30 split to $22.65.
(9)	Previously reported number of securities was 16,000. On January 21, 2005, the common stock of NCR Corporation split 2-for-1, with the result that the previously reported number of securities of 16,000 increased to 32,000, 10,666 of which are being exercised.
(10)	The option vests in 3 equal annual installments beginning on March 1, 2005.

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