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 *
LOIZZO LARRY J
  2. Issuer Name and Ticker or Trading Symbol
GRAINGER W W INC [GWW]
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)
100 GRAINGER PARKWAY
3. Date of Earliest Transaction (Month/Day/Year)
04/27/2005
(Street)

LAKE FOREST, IL 60045-5201
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 04/27/2005   A   3,000 (1) A $ 0 27,000 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
Option $ 33.75             04/24/1999 04/23/2006 Common Stock 4,000   4,000 D  
Option $ 35.4375             08/07/1999 08/06/2006 Common Stock 4,440   4,440 D  
Option $ 37.25             04/30/2000 04/29/2007 Common Stock 8,060   8,060 D  
Option $ 51.6875             04/29/2001 04/28/2008 Common Stock 7,180   7,180 D  
Option $ 48.625             04/28/2002 04/27/2009 Common Stock 8,790   8,790 D  
Option $ 42.8125             03/01/2003 02/28/2010 Common Stock 760   760 D  
Option $ 43.5             04/26/2003 04/25/2010 Common Stock 10,120   10,120 D  
Option $ 37.5             04/25/2004 04/24/2011 Common Stock 15,600   15,600 D  
Option $ 54.61             04/24/2005 04/23/2012 Common Stock 15,000   15,000 D  
Option $ 45.5             04/30/2006 04/29/2013 Common Stock 15,000   15,000 D  
Option $ 54.14             04/28/2007 04/27/2014 Common Stock 15,000   15,000 D  
Option $ 52.29 04/27/2005   A   9,000   04/27/2008 04/26/2015 Common Stock 9,000 $ 0 9,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LOIZZO LARRY J
100 GRAINGER PARKWAY
LAKE FOREST, IL 60045-5201
      Senior Vice President  

Signatures

 L. M. Trusdell, as attorney-in-fact   04/29/2005
**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) Award of restricted stock units to be settled after vesting by the delivery of unrestricted shares of common stock on a one-for-one basis.

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