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	 <P ALIGN="CENTER"><FONT SIZE="3">As filed with the Securities and Exchange
		Commission on July 11, 2003</FONT></P>
	 <P ALIGN="RIGHT">Registration No.
		333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

	 <P ALIGN="CENTER">SECURITIES&nbsp;AND&nbsp;EXCHANGE&nbsp;COMMISSION</P>
	 <P ALIGN="CENTER">Washington, D.C. 20549</P>
	 <P ALIGN="CENTER">______________________</P>
	 <P ALIGN="CENTER">FORM&nbsp;S-8</P>
	 <P ALIGN="CENTER">REGISTRATION STATEMENT</P>
	 <P ALIGN="CENTER">UNDER</P>
	 <P ALIGN="CENTER">THE SECURITIES ACT OF 1933</P>
	 <P ALIGN="CENTER">WALGREEN CO.</P>
	 <P ALIGN="CENTER">(Exact name of Registrant as specified in its
		charter)</P>
	 <P ALIGN="CENTER"></P>
	 <TABLE CELLSPACING="0" BORDER="0" CELLPADDING="2" WIDTH="638"
	  ALIGN="CENTER">
		<TR VALIGN="TOP">
		  <TD WIDTH="50%" VALIGN="TOP">
			 <P ALIGN="CENTER"><FONT SIZE="3">Illinois</FONT></P></TD>
		  <TD WIDTH="50%" VALIGN="TOP">
			 <P ALIGN="CENTER"><FONT SIZE="3">36-1924025</FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="50%" VALIGN="TOP">
			 <P ALIGN="CENTER"><FONT SIZE="3">(State or other
				jurisdiction</FONT></P></TD>
		  <TD WIDTH="50%" VALIGN="TOP">
			 <P ALIGN="CENTER"><FONT SIZE="3">(I.R.S. Employer</FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="50%" VALIGN="TOP">
			 <P ALIGN="CENTER"><FONT SIZE="3">of incorporation or
				organization)</FONT></P></TD>
		  <TD WIDTH="50%" VALIGN="TOP">
			 <P ALIGN="CENTER"><FONT SIZE="3">Identification No.)</FONT></P></TD>
		</TR>
	 </TABLE>
	 <P ALIGN="CENTER">200 Wilmot Road<BR>Deerfield, Illinois 60015 <BR>(Address
		of Principal Executive Offices)</P>
	 <P ALIGN="CENTER">WALGREEN CO. 1982 EMPLOYEES STOCK PURCHASE PLAN <BR>(Full
		title of the plan)</P>
	 <P ALIGN="CENTER">Julian A. Oettinger<BR> Senior Vice President, General
		Counsel &amp; Corporate Secretary<BR> Walgreen Co.<BR> 200 Wilmot Road<BR>
		Deerfield, Illinois 60015<BR> Telephone: (847) 914-3004 <BR>(Name, address,
		including zip code, and telephone number, including area code, of agent for
		service)</P>
	 <P ALIGN="CENTER">CALCULATION OF REGISTRATION FEE</P>
	 <TABLE FRAME="BORDER" CELLSPACING="1" CELLPADDING="6" WIDTH="666"
	  ALIGN="CENTER" HSPACE="12">
		<TR>
		  <TD WIDTH="33%" VALIGN="TOP">
			 <P ALIGN="CENTER"><FONT SIZE="3">Title of Securities</FONT> <U>to be
				Registered</U></P></TD>
		  <TD WIDTH="17%" VALIGN="TOP">
			 <P ALIGN="CENTER"><FONT SIZE="3">Amount to be</FONT>
				<U>Registered</U></P></TD>
		  <TD WIDTH="16%" VALIGN="TOP">
			 <P ALIGN="CENTER"><FONT SIZE="3">Proposed Maximum <U>Offering Price
				Per Share</U></FONT></P></TD>
		  <TD WIDTH="18%" VALIGN="TOP">
			 <P ALIGN="CENTER"><FONT SIZE="3">Proposed Maximum</FONT> <U>Aggregate
				Offering Price</U></P></TD>
		  <TD WIDTH="15%" VALIGN="TOP">
			 <P ALIGN="CENTER"><FONT SIZE="3">Amount of </FONT> <U>Registration
				Fee</U></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="33%" VALIGN="TOP">
			 <P><FONT SIZE="3">Common Stock ($.078125 Par Value)
				(1)(2)</FONT></P></TD>
		  <TD WIDTH="17%" VALIGN="TOP">
			 <P><FONT SIZE="3"> 10,000,000 (3)</FONT></P></TD>
		  <TD WIDTH="16%" VALIGN="TOP">
			 <P><FONT SIZE="3"> $30.055(4)</FONT></P></TD>
		  <TD WIDTH="18%" VALIGN="TOP">$300,550,000</TD>
		  <TD WIDTH="15%" VALIGN="TOP">$24,314.49</TD>
		</TR>
	 </TABLE>
	 <OL>
		<LI>
		  <P ALIGN="JUSTIFY"><FONT SIZE="3">Together with an indeterminable
			 number of additional securities in order to adjust the number of securities
			 reserved for issuance pursuant to the plan being registered pursuant to this
			 registration statement as the result of a stock split, stock dividend or
			 similar transaction affecting the Common Stock of Walgreen Co. (the
			 "Registrant"), pursuant to Rule 416(a) under the Securities Act of 1933, as
			 amended (the "Securities Act").</FONT></P></LI>
		<LI VALUE="2">
		  <P>Includes associated rights to purchase Junior Participating
			 Preferred Stock of the Registrant that will not be exercisable or evidenced
			 separately from the Common Stock of the Registrant prior to the occurrence of
			 certain events.</P></LI>
		<LI>
		  <P>This registration statement registers an additional 10,000,000
			 shares issuable under the Registrant's 1982 Employees Stock Purchase Plan (the
			 "Plan"). An aggregate of 64,000,000 shares (after giving effect to stock
			 splits) issuable under the Plan have previously been registered under
			 Registration Statement No. 2-79978. </P></LI>
		<LI>
		  <P>Estimated in accordance with Rule 457(c) and (h)(1) under the
			 Securities Act, the proposed maximum offering price per share, proposed maximum
			 aggregate offering price and the amount of the registration fee are based upon
			 the average of the high and low sale prices for a share of Common Stock of the
			 Registrant as reported on the New York Stock Exchange on July 7th,
			 2003.</P></LI>
	 </OL>
	 <P ALIGN="CENTER"><B>WALGREEN CO.</B></P>
	 <P ALIGN="CENTER"><B>REGISTRATION STATEMENT ON FORM S-8</B></P>
	 <P ALIGN="CENTER"><B>PART II</B></P>
	 <P ALIGN="CENTER"><B>INFORMATION REQUIRED IN THE REGISTRATION
		STATEMENT</B></P>
	 <P ALIGN="JUSTIFY"> This Registration Statement incorporates herein by
		reference the following documents and information which have been filed with
		the Securities and Exchange Commission (the "Commission") by the
		Registrant:</P>
	 <OL>
		<LI>The Registrant&#146;s Annual Report on Form 10-K for the fiscal year
		  ended August 31, 2002; <BR></LI>
		<LI>The Registrant&#146;s Current Report on Form 8-K, filed October 11,
		  2002;<BR></LI>
		<LI>The Registrant&#146;s Quarterly Report on Form 10-Q for the quarter
		  ended November 30, 2002;<BR></LI>
		<LI>The Registrant&#146;s Quarterly Report on Form 10-Q for the quarter
		  ended February 28, 2003; <BR></LI>
		<LI>The Registrant&#146;s Quarterly Report on Form 10-Q for the quarter
		  ended May 31, 2003;<BR></LI>
		<LI>The Registrant&#146;s Current Report on Form 8-K, filed June 24,
		  2003;<BR></LI>
		<LI>The description of the Common Stock, par value $0.078125 per share,
		  and the associated Preferred Share Purchase Rights contained in the
		  Registrant&#146;s registration statements filed under the Securities Exchange
		  Act of 1934 (the "Exchange Act"), including any amendments or reports filed for
		  the purpose of updating such descriptions.</LI>
	 </OL>
	 <P> In addition, all other documents filed by the Registrant with the
		Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act
		subsequent to the date of this Registration Statement and prior to the filing
		of a post-effective amendment to this Registration Statement which indicates
		that all securities offered have been sold or which de-registers all securities
		then remaining unsold, shall be deemed to be incorporated by reference in this
		Registration Statement and to be a part hereof from the date of filing of such
		documents. Any statement contained herein or in a document incorporated herein
		by reference shall be deemed to be modified or superseded for purposes hereof
		to the extent that a statement contained herein or in any other subsequently
		filed document incorporated herein by reference modifies or supersedes such
		statement. Any such statement so modified or superseded shall not be deemed,
		except as so modified or superseded, to constitute a part hereof.</P>
	 <P ALIGN="JUSTIFY"><B>Item 4. Description of Securities.</B></P>
	 <P ALIGN="JUSTIFY"> Not applicable.</P>
	 <P ALIGN="JUSTIFY"><B>Item 5. Interests of Named Experts and
		Counsel.</B></P>
	 <P ALIGN="JUSTIFY"> Julian A. Oettinger, Senior Vice President, General
		Counsel and Corporate Secretary of the Registrant, has opined as to the
		legality of the securities being offered by this Registration Statement. At the
		time of rendering his opinion, Mr. Oettinger had a substantial interest in the
		Registrant, as defined by the rules of the Commission, in that the fair market
		value of the approximately 170,771 shares of Common Stock beneficially owned by
		him exceeds $50,000.</P>
	 <P ALIGN="JUSTIFY"><B>Item 6. Indemnification of Directors and Officers.
		</B></P>
	 <P ALIGN="JUSTIFY">Provisions of the Illinois Business Corporation Act
		provide that the Registrant may, and in some circumstances must, indemnify the
		directors and officers of the Registrant against liabilities and expenses
		incurred by any such person by reason of the fact that such person was serving
		in such capacity, subject to certain limitations and conditions set forth in
		the statute. Substantially similar provisions that require such indemnification
		are contained in the Registrant&#146;s By-Laws, which are incorporated herein
		by reference. The Registrant has an insurance policy covering its directors and
		officers against certain personal liability, which may include liabilities
		under the Securities Act.</P>
	 <P ALIGN="JUSTIFY"><B>Item 7. Exemption from Registration Claimed.</B></P>
	 <P ALIGN="JUSTIFY"> Not Applicable.</P>
	 <P ALIGN="JUSTIFY"><B>Item 8. Exhibits.</B></P>
	 <P ALIGN="JUSTIFY">Reference is made to the Exhibit Index.</P>
	 <P ALIGN="JUSTIFY"><B>Item 9. Undertakings.</B></P>
	 <P>The undersigned Registrant hereby undertakes: </P>
	 <P>(1) to file, during any period in which offers or sales are being made,
		a post-effective amendment to this registration statement to include any
		material information with respect to the plan of distribution not previously
		disclosed in the registration statement or any material change to such
		information in the registration statement. </P>
	 <P>(2) that, for the purpose of determining any liability under the
		Securities Act, each such post-effective amendment shall be deemed to be a new
		registration statement relating to the securities offered therein, and the
		offering of such securities at that time shall be deemed to be the initial bona
		fide offering thereof.</P>
	 <P>(3) to remove from registration by means of a post-effective amendment
		any of the securities being registered which remain unsold at the termination
		of the offering. </P>
	 <P>(4) that, for purposes of determining any liability under the Securities
		Act, each filing of the Registrant&#146;s annual report pursuant to Section
		13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing
		of an employee benefit plan&#146;s annual report pursuant to Section 15(d) of
		the Exchange Act) that is incorporated by reference in the registration
		statement shall be deemed to be a new registration statement relating to the
		securities offered therein, and the offering of such securities at that time
		shall be deemed to be the initial bona fide offering thereof. </P>
	 <P ALIGN="JUSTIFY"> (5) Insofar as indemnification for liabilities arising
		under the Securities Act may be permitted to directors, officers and
		controlling persons of the Registrant pursuant to the provisions described in
		Item 6 or otherwise, the Registrant has been advised that in the opinion of the
		Commission such indemnification is against public policy as expressed in the
		Securities Act and is, therefore, unenforceable. In the event that a claim for
		indemnification against such liabilities (other than the payment by the
		Registrant of expenses incurred or paid by a director, officer or controlling
		person of the Registrant in the successful defense of any action, suit or
		proceeding) is asserted by such director, officer or controlling person in
		connection with the securities being registered hereunder, the Registrant will,
		unless in the opinion of its counsel the question has already been settled by
		controlling precedent, submit to a court of appropriate jurisdiction the
		question of whether such indemnification by it is against public policy as
		expressed in the Securities Act and will be governed by the final adjudication
		of such issue.</P>
	 <P ALIGN="JUSTIFY"></P>
	 <P ALIGN="CENTER"><B>SIGNATURES</B></P>
	 <P ALIGN="JUSTIFY"> Pursuant to the requirements of the Securities Act, the
		Registrant certifies that it has reasonable grounds to believe that it meets
		all of the requirements for filing on Form S-8 and has duly caused this
		Registration Statement to be signed on its behalf by the undersigned, thereunto
		duly authorized, in the City of Deerfield, State of Illinois, on this 11th day
		of July, 2003.</P>
	 <TABLE CELLSPACING="0" BORDER="0" CELLPADDING="3" WIDTH="100%"
	 ALIGN="LEFT">
		<TR>
		  <TD VALIGN="TOP" WIDTH="531">&nbsp;</TD>
		  <TD VALIGN="TOP" COLSPAN="2" WIDTH="227"> <FONT SIZE="3">WALGREEN
			 CO.</FONT></TD>
		</TR>
		<TR VALIGN="TOP">
		  <TD WIDTH="69%" VALIGN="TOP">&nbsp;</TD>
		  <TD WIDTH="6%" VALIGN="TOP"></TD>
		  <TD WIDTH="24%" VALIGN="TOP">&nbsp;</TD>
		</TR>
		<TR>
		  <TD WIDTH="69%" VALIGN="TOP">&nbsp;</TD>
		  <TD WIDTH="6%" VALIGN="TOP"></TD>
		  <TD WIDTH="24%" VALIGN="TOP">&nbsp;</TD>
		</TR>
		<TR>
		  <TD WIDTH="69%" VALIGN="TOP">&nbsp;</TD>
		  <TD WIDTH="6%" VALIGN="TOP"> <FONT SIZE="3">By: /s/</FONT></TD>
		  <TD WIDTH="24%" VALIGN="TOP"> <FONT SIZE="3">Roger L.
			 Polark</FONT></TD>
		</TR>
		<TR>
		  <TD WIDTH="69%" VALIGN="TOP">&nbsp;</TD>
		  <TD WIDTH="6%" VALIGN="TOP"></TD>
		  <TD WIDTH="24%" VALIGN="TOP"> <FONT SIZE="3">Roger L.
			 Polark</FONT></TD>
		</TR>
		<TR>
		  <TD WIDTH="69%" VALIGN="TOP">&nbsp;</TD>
		  <TD WIDTH="6%" VALIGN="TOP"></TD>
		  <TD WIDTH="24%" VALIGN="TOP"> <FONT SIZE="3">Senior Vice President
			 and</FONT></TD>
		</TR>
		<TR>
		  <TD WIDTH="69%" VALIGN="TOP">&nbsp;</TD>
		  <TD WIDTH="6%" VALIGN="TOP"></TD>
		  <TD WIDTH="24%" VALIGN="TOP"> <FONT SIZE="3">Chief Financial
			 Officer</FONT></TD>
		</TR>
	 </TABLE>
	 <P></P>
	 <TABLE WIDTH="90%" BORDER="0">
		<TR>
		  <TD>&nbsp;</TD>
		  <TD>&nbsp;</TD>
		</TR>
		<TR>
		  <TD>&nbsp;</TD>
		  <TD>&nbsp;</TD>
		</TR>
		<TR>
		  <TD>&nbsp;</TD>
		  <TD>&nbsp;</TD>
		</TR>
		<TR>
		  <TD>&nbsp;</TD>
		  <TD>&nbsp;</TD>
		</TR>
		<TR>
		  <TD>&nbsp;</TD>
		  <TD>&nbsp;</TD>
		</TR>
		<TR>
		  <TD>&nbsp;</TD>
		  <TD>&nbsp;</TD>
		</TR>
		<TR>
		  <TD>&nbsp;</TD>
		  <TD>&nbsp;</TD>
		</TR>
	 </TABLE>
	 <P>&nbsp;</P><HR>
	 <P ALIGN="CENTER"><B>POWER OF ATTORNEY</B></P>
	 <P> KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
		appears below constitutes and appoints David W. Bernauer and Roger L. Polark,
		and each of them, his true and lawful attorneys-in-fact and agents, with full
		power of substitution and resubstitution for him and in his name, place and
		stead, in any and all capacities, to sign, execute and file this Registration
		Statement and any amendments (including, without limitation, post-effective
		amendments) to this Registration Statement, and to file the same, with all
		exhibits thereto and all documents required to be filed with respect therewith,
		with the Securities and Exchange Commission or any regulatory authority,
		granting unto such attorneys-in-fact and agents full power and authority to do
		and perform each and every act and thing requisite and necessary to be done in
		connection therewith and about the premises in order to effectuate the same as
		fully to all intents and purposes as he might or could do if personally
		present, hereby ratifying and confirming all that such attorneys-in-fact and
		agents or his or their substitute or substitutes, may lawfully do or cause to
		be done.</P>
	 <P ALIGN="JUSTIFY"> Pursuant to the requirements of the Securities Act of
		1933, as amended, this Registration Statement has been signed by the following
		persons in the capacities indicated on this 9th day of July, 2003.</P>
	 <TABLE CELLSPACING="0" BORDER="0" WIDTH="587">
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE">
			 <P ALIGN="CENTER"><B><FONT SIZE="3">Signature </FONT></B></P> </TD>
		  <TD WIDTH="2%" VALIGN="MIDDLE">&nbsp;</TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE">
			 <P ALIGN="CENTER"><B><FONT SIZE="3">Title </FONT></B></P> </TD>
		  <TD WIDTH="3%" VALIGN="MIDDLE">&nbsp;</TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="17">
			 <P></P></TD>
		  <TD WIDTH="2%" VALIGN="MIDDLE" ROWSPAN="6" HEIGHT="17">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="17">
			 <P><FONT SIZE="3"> </FONT></P></TD>
		  <TD WIDTH="3%" VALIGN="MIDDLE" ROWSPAN="6" HEIGHT="17">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="17">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="17">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="17">
			 <P><FONT SIZE="3">/s/ David W. Bernauer</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="17">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="17">
			 <P><FONT SIZE="3">David W. Bernauer</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="17">
			 <P><FONT SIZE="3">Chairman of the Board, Chief</FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="17">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="17">
			 <P><FONT SIZE="3">Executive Officer and Director</FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="17">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="17">
			 <P><FONT SIZE="3">(Principal Executive Officer)</FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="15">
			 <P></P></TD>
		  <TD WIDTH="2%" VALIGN="MIDDLE" ROWSPAN="6" HEIGHT="15">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="15">
			 <P></P></TD>
		  <TD WIDTH="3%" VALIGN="MIDDLE" ROWSPAN="6" HEIGHT="15">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="10">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="10">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="18">
			 <P><FONT SIZE="3">/s/ Roger L. Polark</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="18">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="24">
			 <P><FONT SIZE="3">Roger L. Polark</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="24">
			 <P><FONT SIZE="3">Senior Vice President and Chief</FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="18">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="18">
			 <P><FONT SIZE="3">Financial Officer (Principal Financial
				Officer)</FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="18">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="18">
			 <P><FONT SIZE="3"></FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="6">
			 <P></P></TD>
		  <TD WIDTH="2%" VALIGN="MIDDLE" ROWSPAN="41" HEIGHT="6">
			 <P><FONT SIZE="3"><BR> </FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="6">
			 <P></P></TD>
		  <TD WIDTH="3%" VALIGN="MIDDLE" ROWSPAN="41" HEIGHT="6">
			 <P><FONT SIZE="3"><BR> </FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">/s/ William M. Rudolphsen</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">William M. Rudolphsen</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">Controller (Principal Accounting</FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">Officer)</FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">/s/ William C. Foote</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">William C. Foote</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">Director</FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">/s/ James. J. Howard</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">James J. Howard</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">Director</FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">/s/ Alan G. McNally</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">Alan G. McNally</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">Director</FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">/s/ Cordell Reed</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">Cordell Reed</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">Director</FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">/s/ Jeffrey A. Rein</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="17">
			 <P><FONT SIZE="3">Jeffrey A. Rein</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="17">
			 <P><FONT SIZE="3">President, Chief Operating Officer and
				Director</FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="17">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="17">
			 <P><FONT SIZE="3"></FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">/s/ David Y. Schwartz</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">David Y. Schwartz</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">Director</FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">/s/ John B. Schwemm</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">John B. Schwemm</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">Director</FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">/s/ Marilou M. von Ferstel</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">Marilou M. von Ferstel</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">Director</FONT></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">/s/ C.R. Walgreen III</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P></P></TD>
		</TR>
		<TR>
		  <TD WIDTH="39%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">C.R. Walgreen III</FONT></P></TD>
		  <TD WIDTH="54%" VALIGN="MIDDLE" HEIGHT="5">
			 <P><FONT SIZE="3">Director</FONT></P></TD>
		</TR>
	 </TABLE>
	 <P ALIGN="CENTER"><B><FONT SIZE="3"></FONT></B></P>
	 <P ALIGN="CENTER">&nbsp;</P>
	 <P ALIGN="CENTER">&nbsp;</P>
	 <P ALIGN="CENTER">EXHIBIT INDEX</P>
	 <P ALIGN="JUSTIFY"><U></U> <U></U></P>
	 <P ALIGN="JUSTIFY"></P>
	 <TABLE WIDTH="90%" BORDER="0" CELLPADDING="3">
		<TR>
		  <TD WIDTH="122" ALIGN="CENTER" VALIGN="TOP">&nbsp;<U>Exhibit
			 Number</U></TD>
		  <TD WIDTH="736" ALIGN="LEFT"><U>Description of Document</U></TD>
		</TR>
		<TR>
		  <TD WIDTH="122" VALIGN="TOP" ALIGN="CENTER">4.1 </TD>
		  <TD WIDTH="736">Articles of Incorporation of the Registrant, as
			 amended, filed with the Securities and Exchange Commission as Exhibit 3(a) to
			 the Registrant&#146;s Quarterly Report on Form 10-Q for the quarter ended
			 February 28, 1999, and incorporated by reference herein.<BR></TD>
		</TR>
		<TR>
		  <TD WIDTH="122" VALIGN="TOP" ALIGN="CENTER">4.2</TD>
		  <TD WIDTH="736">By-Laws of the Registrant, as amended and restated
			 effective as of April 9, 2002, filed with the Securities and Exchange
			 Commission as Exhibit 3(b) to the Registrant&#146;s Annual Report on Form 10-K
			 for the fiscal year ended August 31, 2002, and incorporated by reference
			 herein.<BR></TD>
		</TR>
		<TR>
		  <TD WIDTH="122" VALIGN="TOP" ALIGN="CENTER">4.3</TD>
		  <TD WIDTH="736">Rights Agreement dated as of July 10, 1996, between the
			 Registrant and Harris Trust and Savings Bank, filed with the Securities and
			 Exchange Commission as Exhibit 1 to the Registrant&#146;s Registration
			 Statement on Form 8-A on July 11, 1996 (File No. 1-604), and incorporated by
			 reference herein.<BR></TD>
		</TR>
		<TR>
		  <TD WIDTH="122" VALIGN="TOP" ALIGN="CENTER">4.4</TD>
		  <TD WIDTH="736">Walgreen Co. 1982 Employees Stock Purchase Plan, as
			 amended, filed with the Securities and Exchange Commission as an appendix to
			 the Registrant&#146;s definitive proxy statement on November 27, 2002, and
			 incorporated by reference herein.<BR></TD>
		</TR>
		<TR>
		  <TD WIDTH="122" VALIGN="TOP" ALIGN="CENTER">4.5</TD>
		  <TD WIDTH="736">Walgreen Co. 1982 Employees Stock Purchase Plan
			 Amendment No. 2 (effective January 9th, 2003) (filed herewith).<BR></TD>
		</TR>
		<TR>
		  <TD WIDTH="122" VALIGN="TOP" ALIGN="CENTER">5.1</TD>
		  <TD WIDTH="736">Opinion of Julian A. Oettinger, Senior Vice President,
			 General Counsel &amp; Corporate Secretary of the Registrant, regarding the
			 legality of the securities being offered (filed herewith).<BR></TD>
		</TR>
		<TR>
		  <TD WIDTH="122" VALIGN="TOP" ALIGN="CENTER">23.1 </TD>
		  <TD WIDTH="736">Consent of Deloitte &amp; Touche LLP (filed
			 herewith).<BR></TD>
		</TR>
		<TR>
		  <TD WIDTH="122" VALIGN="TOP" ALIGN="CENTER">23.2</TD>
		  <TD WIDTH="736">Consent of Julian A. Oettinger, Senior Vice President,
			 General Counsel &amp; Corporate Secretary of the Registrant (included in
			 Exhibit 5.1).<BR></TD>
		</TR>
		<TR>
		  <TD WIDTH="122" VALIGN="TOP" ALIGN="CENTER">24.1</TD>
		  <TD WIDTH="736">Powers of Attorney (included on signature
			 page).<BR></TD>
		</TR>
	 </TABLE> </BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "esppshareinc.htm", "description": "FORM S-8", "secsgml_size_bytes": 29265}]
{"company-data": {"conformed-name": "WALGREEN CO", "cik": "0000104207", "assigned-sic": "5912", "irs-number": "361924025", "state-of-incorporation": "IL", "fiscal-year-end": "0831"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-106967", "film-number": "03783596"}, "business-address": {"street1": "200 WILMOT RD", "city": "DEERFIELD", "state": "IL", "zip": "60015", "phone": "8479402500"}, "mail-address": {"street1": "200 WILMOT RD", "city": "DEERFIELD", "state": "IL", "zip": "60015"}}
As filed with the Securities and Exchange
		Commission on July 11, 2003
Registration No.
		333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
WALGREEN CO.
(Exact name of Registrant as specified in its
		charter)
Illinois
36-1924025
(State or other
				jurisdiction
(I.R.S. Employer
of incorporation or
				organization)
Identification No.)
200 Wilmot Road
Deerfield, Illinois 60015
(Address
		of Principal Executive Offices)
WALGREEN CO. 1982 EMPLOYEES STOCK PURCHASE PLAN
(Full
		title of the plan)
Julian A. Oettinger
Senior Vice President, General
		Counsel & Corporate Secretary
Walgreen Co.
200 Wilmot Road
Deerfield, Illinois 60015
Telephone: (847) 914-3004
(Name, address,
		including zip code, and telephone number, including area code, of agent for
		service)
CALCULATION OF REGISTRATION FEE
Title of Securities
to be
				Registered
Amount to be
Registered
Proposed Maximum
Offering Price
				Per Share
Proposed Maximum
Aggregate
				Offering Price
Amount of
Registration
				Fee
Common Stock ($.078125 Par Value)
				(1)(2)
10,000,000 (3)
$30.055(4)
$300,550,000
$24,314.49
Together with an indeterminable
			 number of additional securities in order to adjust the number of securities
			 reserved for issuance pursuant to the plan being registered pursuant to this
			 registration statement as the result of a stock split, stock dividend or
			 similar transaction affecting the Common Stock of Walgreen Co. (the
			 "Registrant"), pursuant to Rule 416(a) under the Securities Act of 1933, as
			 amended (the "Securities Act").
Includes associated rights to purchase Junior Participating
			 Preferred Stock of the Registrant that will not be exercisable or evidenced
			 separately from the Common Stock of the Registrant prior to the occurrence of
			 certain events.
This registration statement registers an additional 10,000,000
			 shares issuable under the Registrant's 1982 Employees Stock Purchase Plan (the
			 "Plan"). An aggregate of 64,000,000 shares (after giving effect to stock
			 splits) issuable under the Plan have previously been registered under
			 Registration Statement No. 2-79978.
Estimated in accordance with Rule 457(c) and (h)(1) under the
			 Securities Act, the proposed maximum offering price per share, proposed maximum
			 aggregate offering price and the amount of the registration fee are based upon
			 the average of the high and low sale prices for a share of Common Stock of the
			 Registrant as reported on the New York Stock Exchange on July 7th,
			 2003.
WALGREEN CO.
REGISTRATION STATEMENT ON FORM S-8
PART II
INFORMATION REQUIRED IN THE REGISTRATION
		STATEMENT
This Registration Statement incorporates herein by
		reference the following documents and information which have been filed with
		the Securities and Exchange Commission (the "Commission") by the
		Registrant:
The Registrant's Annual Report on Form 10-K for the fiscal year
		  ended August 31, 2002;
The Registrant's Current Report on Form 8-K, filed October 11,
		  2002;
The Registrant's Quarterly Report on Form 10-Q for the quarter
		  ended November 30, 2002;
The Registrant's Quarterly Report on Form 10-Q for the quarter
		  ended February 28, 2003;
The Registrant's Quarterly Report on Form 10-Q for the quarter
		  ended May 31, 2003;
The Registrant's Current Report on Form 8-K, filed June 24,
		  2003;
The description of the Common Stock, par value $0.078125 per share,
		  and the associated Preferred Share Purchase Rights contained in the
		  Registrant's registration statements filed under the Securities Exchange
		  Act of 1934 (the "Exchange Act"), including any amendments or reports filed for
		  the purpose of updating such descriptions.
In addition, all other documents filed by the Registrant with the
		Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act
		subsequent to the date of this Registration Statement and prior to the filing
		of a post-effective amendment to this Registration Statement which indicates
		that all securities offered have been sold or which de-registers all securities
		then remaining unsold, shall be deemed to be incorporated by reference in this
		Registration Statement and to be a part hereof from the date of filing of such
		documents. Any statement contained herein or in a document incorporated herein
		by reference shall be deemed to be modified or superseded for purposes hereof
		to the extent that a statement contained herein or in any other subsequently
		filed document incorporated herein by reference modifies or supersedes such
		statement. Any such statement so modified or superseded shall not be deemed,
		except as so modified or superseded, to constitute a part hereof.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and
		Counsel.
Julian A. Oettinger, Senior Vice President, General
		Counsel and Corporate Secretary of the Registrant, has opined as to the
		legality of the securities being offered by this Registration Statement. At the
		time of rendering his opinion, Mr. Oettinger had a substantial interest in the
		Registrant, as defined by the rules of the Commission, in that the fair market
		value of the approximately 170,771 shares of Common Stock beneficially owned by
		him exceeds $50,000.
Item 6. Indemnification of Directors and Officers.
Provisions of the Illinois Business Corporation Act
		provide that the Registrant may, and in some circumstances must, indemnify the
		directors and officers of the Registrant against liabilities and expenses
		incurred by any such person by reason of the fact that such person was serving
		in such capacity, subject to certain limitations and conditions set forth in
		the statute. Substantially similar provisions that require such indemnification
		are contained in the Registrant's By-Laws, which are incorporated herein
		by reference. The Registrant has an insurance policy covering its directors and
		officers against certain personal liability, which may include liabilities
		under the Securities Act.
Item 7. Exemption from Registration Claimed.
Not Applicable.
Item 8. Exhibits.
Reference is made to the Exhibit Index.
Item 9. Undertakings.
The undersigned Registrant hereby undertakes:
(1) to file, during any period in which offers or sales are being made,
		a post-effective amendment to this registration statement to include any
		material information with respect to the plan of distribution not previously
		disclosed in the registration statement or any material change to such
		information in the registration statement.
(2) that, for the purpose of determining any liability under the
		Securities Act, each such post-effective amendment shall be deemed to be a new
		registration statement relating to the securities offered therein, and the
		offering of such securities at that time shall be deemed to be the initial bona
		fide offering thereof.
(3) to remove from registration by means of a post-effective amendment
		any of the securities being registered which remain unsold at the termination
		of the offering.
(4) that, for purposes of determining any liability under the Securities
		Act, each filing of the Registrant's annual report pursuant to Section
		13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing
		of an employee benefit plan's annual report pursuant to Section 15(d) of
		the Exchange Act) that is incorporated by reference in the registration
		statement shall be deemed to be a new registration statement relating to the
		securities offered therein, and the offering of such securities at that time
		shall be deemed to be the initial bona fide offering thereof.
(5) Insofar as indemnification for liabilities arising
		under the Securities Act may be permitted to directors, officers and
		controlling persons of the Registrant pursuant to the provisions described in
		Item 6 or otherwise, the Registrant has been advised that in the opinion of the
		Commission such indemnification is against public policy as expressed in the
		Securities Act and is, therefore, unenforceable. In the event that a claim for
		indemnification against such liabilities (other than the payment by the
		Registrant of expenses incurred or paid by a director, officer or controlling
		person of the Registrant in the successful defense of any action, suit or
		proceeding) is asserted by such director, officer or controlling person in
		connection with the securities being registered hereunder, the Registrant will,
		unless in the opinion of its counsel the question has already been settled by
		controlling precedent, submit to a court of appropriate jurisdiction the
		question of whether such indemnification by it is against public policy as
		expressed in the Securities Act and will be governed by the final adjudication
		of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act, the
		Registrant certifies that it has reasonable grounds to believe that it meets
		all of the requirements for filing on Form S-8 and has duly caused this
		Registration Statement to be signed on its behalf by the undersigned, thereunto
		duly authorized, in the City of Deerfield, State of Illinois, on this 11th day
		of July, 2003.
WALGREEN
			 CO.
By: /s/
Roger L.
			 Polark
Roger L.
			 Polark
Senior Vice President
			 and
Chief Financial
			 Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
		appears below constitutes and appoints David W. Bernauer and Roger L. Polark,
		and each of them, his true and lawful attorneys-in-fact and agents, with full
		power of substitution and resubstitution for him and in his name, place and
		stead, in any and all capacities, to sign, execute and file this Registration
		Statement and any amendments (including, without limitation, post-effective
		amendments) to this Registration Statement, and to file the same, with all
		exhibits thereto and all documents required to be filed with respect therewith,
		with the Securities and Exchange Commission or any regulatory authority,
		granting unto such attorneys-in-fact and agents full power and authority to do
		and perform each and every act and thing requisite and necessary to be done in
		connection therewith and about the premises in order to effectuate the same as
		fully to all intents and purposes as he might or could do if personally
		present, hereby ratifying and confirming all that such attorneys-in-fact and
		agents or his or their substitute or substitutes, may lawfully do or cause to
		be done.
Pursuant to the requirements of the Securities Act of
		1933, as amended, this Registration Statement has been signed by the following
		persons in the capacities indicated on this 9th day of July, 2003.
Signature
Title
/s/ David W. Bernauer
David W. Bernauer
Chairman of the Board, Chief
Executive Officer and Director
(Principal Executive Officer)
/s/ Roger L. Polark
Roger L. Polark
Senior Vice President and Chief
Financial Officer (Principal Financial
				Officer)
/s/ William M. Rudolphsen
William M. Rudolphsen
Controller (Principal Accounting
Officer)
/s/ William C. Foote
William C. Foote
Director
/s/ James. J. Howard
James J. Howard
Director
/s/ Alan G. McNally
Alan G. McNally
Director
/s/ Cordell Reed
Cordell Reed
Director
/s/ Jeffrey A. Rein
Jeffrey A. Rein
President, Chief Operating Officer and
				Director
/s/ David Y. Schwartz
David Y. Schwartz
Director
/s/ John B. Schwemm
John B. Schwemm
Director
/s/ Marilou M. von Ferstel
Marilou M. von Ferstel
Director
/s/ C.R. Walgreen III
C.R. Walgreen III
Director
EXHIBIT INDEX
Exhibit
			 Number
Description of Document
4.1
Articles of Incorporation of the Registrant, as
			 amended, filed with the Securities and Exchange Commission as Exhibit 3(a) to
			 the Registrant's Quarterly Report on Form 10-Q for the quarter ended
			 February 28, 1999, and incorporated by reference herein.
4.2
By-Laws of the Registrant, as amended and restated
			 effective as of April 9, 2002, filed with the Securities and Exchange
			 Commission as Exhibit 3(b) to the Registrant's Annual Report on Form 10-K
			 for the fiscal year ended August 31, 2002, and incorporated by reference
			 herein.
4.3
Rights Agreement dated as of July 10, 1996, between the
			 Registrant and Harris Trust and Savings Bank, filed with the Securities and
			 Exchange Commission as Exhibit 1 to the Registrant's Registration
			 Statement on Form 8-A on July 11, 1996 (File No. 1-604), and incorporated by
			 reference herein.
4.4
Walgreen Co. 1982 Employees Stock Purchase Plan, as
			 amended, filed with the Securities and Exchange Commission as an appendix to
			 the Registrant's definitive proxy statement on November 27, 2002, and
			 incorporated by reference herein.
4.5
Walgreen Co. 1982 Employees Stock Purchase Plan
			 Amendment No. 2 (effective January 9th, 2003) (filed herewith).
5.1
Opinion of Julian A. Oettinger, Senior Vice President,
			 General Counsel & Corporate Secretary of the Registrant, regarding the
			 legality of the securities being offered (filed herewith).
23.1
Consent of Deloitte & Touche LLP (filed
			 herewith).
23.2
Consent of Julian A. Oettinger, Senior Vice President,
			 General Counsel & Corporate Secretary of the Registrant (included in
			 Exhibit 5.1).
24.1
Powers of Attorney (included on signature
			 page).