Dec. 31 1997	Dec. 31 1998	Dec. 31 1999	Dec. 31 2000	Dec. 29 2001	Dec. 31 2002
Praxair	$100	$ 79	$115	$103	$129	$137
S&P 500	$100	$128	$121	$91	$88	$78
S&P Materials	$100	$94	$118	$99	$102	$97
	Dec. 31 2000		Dec. 29 2001		Dec. 31 2002
Praxair	$100		$126		$134
S&P 500	$100		$88		$69
S&P Materials	$100		$103		$98
ASSUMES $100 INVESTED ON DECEMBER 31 OF THE START YEAR IN PRAXAIR COMMON STOCK, THE S&P 500 INDEX AND THE S5 MATERIALS INDEX.
Notes:	1) Total return assumes reinvestment of dividends. 2) The S5 Materials Index (formerly, the S&P Basic Materials Index) is a published index which covers 34 companies, including Praxair.