FORM 4	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549	OMB APPROVAL
Form 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, DC 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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 Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response. . .0.5 Filed By Romeo & Dye's Instant Form 4 Filerwww.section16.net
			OMB Number: 3235-0287
			Expires: January 31, 2005
[ ]	Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See instructions 1(b).		Estimated average burdenhours per response. . . 0.5

1. Name and Address of Reporting Person* Steere, Jr. William C.	2. Issuer Name and Ticker or Trading Symbol Dow Jones & Company, Inc.		6. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*Hammer, Roy A.	2. Issuer Name and Ticker or Trading Symbol Dow Jones & Company, Inc. (DJ)		6. Relationship of Reporting Person(s) to Issuer (Check all applicable) _X_ Director ___ 10% Owner ___ Officer (give title below) ___ Other (specify below)
(Last) (First) (Middle) 200 Liberty Street	3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)	4. Statement for Month/Day/Year 12/31/02
(Last) (First) (Middle) c/o Hemenway & Barnes60 State Street	3. I.R.S. Identification Number of Reporting Person, if an entity(voluntary)	4. Statement for Month/Day/Year01/15/2003
(Street) New York, NY 10281		5. If Amendment, Date of Original (Month/Day/Year)	7. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person
(Street) Boston, MA 02109		5. If Amendment, Date of Original (Month/Day/Year)	7. 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. Trans- action Date (Month/ Day/ Year)	2A. Deemed Execution Date, if any (Month/Day/ Year)	3. Trans- action Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 & 5)			5. Amount of Securities Beneficially Owned Follow- ing Reported Transactions(s) (Instr. 3 & 4)	6. Owner- ship Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security(Instr. 3)	2. Transaction Date(Month/Day/Year)	2A. Deemed ExecutionDate, if any(Month/Day/Year)	3. TransactionCode(Instr. 8)		4. Securities Acquired (A) or Disposed of (D)(Instr. 3, 4 and 5)			5. Amount of Securities Beneficially OwnedFollowing ReportedTransactions(Instr. 3 and 4)	6. Ownership Form:Direct (D) or Indirect (I)(Instr. 4)	7. Nature of IndirectBeneficial 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. * If the form is filed by more than one reporting person, see ~~Instruction~~Instructions 4(b)(v). ~~Persons~~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 control number. (Over)SEC 1474 (9-02)

FORM 4 (continued)

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. Conver- sion or Exercise Price of Derivative Security

3. Trans- action Date (Month/ Day/ Year)

3A. Deemed Execution Date, if any (Month/ Day/ Year)

4. Trans- action Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 & 5)

6. Date Exercisable and Expiration Date (Month/Day/ Year)

7. Title and Amount of Underlying Securities (Instr. 3 & 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

1.Title of Derivative Security(Instr.3)

2.Conversion orExercisePrice ofDerivativeSecurity

3.TransactionDate(Month/Day/Year)

3A.Deemed ExecutionDate, if any(Month/Day/Year)

4.Transaction Code(Instr. 8)

5.Number of DerivativeSecuritiesAcquired (A) or Disposed of (D)(Instr.3,4and 5)

6.Date Exercisableand Expiration Date(Month/Day/Year)

7.Title and Amount ofUnderlying Securities(Instr. 3 and 4)

8.Price ofDerivativeSecurity(Instr. 5)

9.Number ofDerivativeSecuritiesBeneficiallyOwned Following Reported Transaction(s)(Instr. 4)

10.OwnershipForm ofDerivativeSecurity:Direct (D) or Indirect (I)(Instr. 4)

11.Nature ofIndirectBeneficialOwnership(Instr. 4)

Code

(A)

(D)

~~Date Exer-cisable~~DateExercisable

~~Expira- tion Date~~ExpirationDate

Title

~~Amount~~AmountorNumberof ~~or Number of~~ Shares

Stock Equivalent Units

1-for-1

12/31/02

358

(1)

Common Stock

358

8,187

Stock Option (right to buy

$55.16

01/16/2002

A *

1250

01/16/2003

01/16/2012

Common Stock

1250

Stock Option (right to buy)

$44.68

01/15/2003

A *

1250

01/15/2004

01/15/2013

Common Stock

1250

Explanation of Responses: * Exempt under 16(1b) -3.The ~~stock~~filing ~~equivalent~~of ~~units~~this ~~were~~statement ~~accrued~~shall ~~under~~not ~~the~~be ~~Dow~~construed ~~Jones~~as &an ~~Company~~admission ~~deferred~~that ~~compensation~~the ~~plan~~reporting ~~for~~person ~~non-employee~~is, ~~directors~~for ~~and~~the ~~are~~purposes toof beSection ~~settled~~16 ~~upon~~of the ~~reporting~~Securities ~~person's~~and ~~retirement~~Exchange inAct ~~cash or shares~~ of ~~Common Stock~~1934, orthe abeneficial ~~combination~~owner of ~~cash and~~ shares ofcovered ~~Common~~by ~~Stock,~~this ~~as the reporting person may elect~~Statement.

By: /s/ Mia Israeli* *Attorney in Fact **Signature of Reporting Person 1/3/03 Date

**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	/s/ Roy A. Hammer **Signature of Reporting Person	01/16/2003 Date
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**IntentionalPotential ~~misstatements~~persons orwho ~~omissions~~are ofto facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are ~~not~~notrequired ~~required~~ to respond unless the form displays a currently valid OMB Number. Page 2

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