2003 Annual Report
Chairman's Letter to Shareholders
Year in Review
The Company
2003 10-K and Proxy
















Thomas E. Clarke (1)
President of New Ventures
NIKE, Inc.
Beaverton, Oregon

Jill K. Conway (6) (7)
Visiting Scholar
Massachusetts Institute of Technology
Boston, Massachusetts

Ralph D. DeNunzio (3) (4) (7)
President, Harbor Point Associates, Inc.,
private investment and consulting firm
New York, New York

Richard K. Donahue (6) (7)
Partner - Donahue & Donahue, Attorneys PC
Vice Chairman of the Board
Lowell, Massachusetts

Alan B. Graf, Jr. (2)
Executive Vice President & CFO, FedEx Corporation
Memphis, Tennessee

Delbert J. Hayes (3)
Newberg, Oregon

Douglas G. Houser (1) (6) (7)
Partner - Bullivant, Houser, Bailey, Attorneys PC
Portland, Oregon

Jeanne P. Jackson (4)
Founder & CEO, MSP Capital
Newport Coast, California

John E. Jaqua (4) (5)
Partner - Jaqua & Wheatley, P.C., Attorneys
Eugene, Oregon

Philip H. Knight (1)
Chairman of the Board, Chief Executive
Officer, & President, NIKE, Inc.
Beaverton, Oregon

Charles W. Robinson (2) (3)
President, Robinson & Associates,
venture capital
Santa Fe, New Mexico

A. Michael Spence (2) (4) (5)
Former Dean, Graduate School of Business
Stanford University
Palo Alto, California

John R. Thompson, Jr. (4) (6)
Former Head Basketball Coach
Georgetown University
Washington, D.C.

(1) Member - Executive Committee
(2) Member - Audit Committee
(3) Member - Finance Committee
(4) Member - Compensation Committee
(5) Member - Compensation Plan Subcommittee
(6) Member - Corporate Responsibility Committee
(7) Member - Nominating and Corporate Governance Committee




Philip H. Knight
Chairman of the Board, Chief
Executive Officer, & President

Donald W. Blair
Vice President & Chief
Financial Officer

Thomas E. Clarke
President of New Ventures

Wesley A. Coleman
Vice President

Charles D. Denson
President, NIKE Brand

Gary M. DeStefano
President, USA Operations

Trevor A. Edwards
Vice President

Mindy F. Grossman
Vice President

Clare L. Hamill
Vice President

P. Eunan McLaughlin
Vice President

D. Scott Olivet
Vice President

Mark G. Parker
President, NIKE Brand

Eric D. Sprunk
Vice President

Lindsay D. Stewart
Vice President, Chief of Staff
& Secretary

Ian T. Todd
Vice President

Frits D. van Paasschen
Vice President

Roland P. Wolfram
Vice President

Marcia A. Stilwell
Treasurer

John F. Coburn III
Assistant Secretary

William E. Berner, Jr.
Assistant Secretary




Richard E. Anguilla
Beaverton, Oregon

Thomas Arndorfer
Beaverton, Oregon

Alexander Bodecker
Beaverton, Oregon

Mary Kate Buckley
Beaverton, Oregon

James C. Carter
Beaverton, Oregon

Oscar Cardona
Beaverton, Oregon

Stefano Caroti
Hilversum, The Netherlands

Dennis Colard
Beaverton, Oregon

Shelley K. Dewey
Beaverton, Oregon

Maria S. Eitel
Seattle, Washington

Jeff Fardell
Hilversum, The Netherlands

Joseph M. Ha
Beaverton, Oregon

Tinker Hatfield
Beaverton, Oregon

Adam Helfant
Beaverton, Oregon

Joaque Hidalgo
Beaverton, Oregon

Elliott Hill
Beaverton, Oregon

John Hoke
Beaverton, Oregon

Gerald P. Karver
Beaverton, Oregon




Thomas Kennedy
Beaverton, Oregon

Dusty Kidd
Beaverton, Oregon

Robert L. Kreinberg
Beaverton, Oregon

Phil McAveety
Hilversum, The Netherlands

Larry G. Miller
Beaverton, Oregon

John J. Notar
Hilversum, The Netherlands

Bernard Pliska
Beaverton, Oregon

Curt Roberts
Beaverton, Oregon

Peter Ruppe
Beaverton, Oregon

Gordon Steele
Beaverton, Oregon

Kirk T. Stewart
Beaverton, Oregon

James Tucker
United Kingdom

Hans van Alebeek
Hilversum, The Netherlands

Howard L. White
Beaverton, Oregon

Michael Wilskey
Beaverton, Oregon

Robert C. Wood
Beaverton, Oregon

Craig Zanon
Beaverton, Oregon






Bauer NIKE Hockey Inc.
Chris Zimmerman

President

Cole Haan
Matthew E. Rubel

President & CEO

Hurley International LLC
Robert M. Hurley

CEO

Seth Ellison
President



Michael Jordan
President
The Michael Jordan Foundation
Chicago, Illinois

Gareth C.C. Chang
Managing Partner
GC3 & Associates International Manhattan Beach, California

Elizabeth G. Dolan
Satellite Sisters LLC
Portland, Oregon



World Headquarters
One Bowerman Drive
Beaverton, Oregon 97005-6453

European Headquarters
Colosseum 1
1213 NL Hilversum
The Netherlands

Bauer NIKE Hockey Inc.
150 Ocean Road
Greenland, New Hampshire 03840

Cole Haan
One Cole Haan Drive
Yarmouth, Maine 04096

Hurley International LLC
1945 Placentia Avenue
Costa Mesa, California 92627



Independent Accountants
PricewaterhouseCoopers LLP
1500 SW Fifth Avenue, Suite 3100
Portland, Oregon 97201

Registrar and Stock Transfer Agent
EquiServe Trust Company, N.A.
P.O. Box 43069
Providence, RI 02940-3069
800-756-8200
Hearing Impaired #
TDD: 781-575-2733
http://www.equiserve.com

Dividend Payments
Quarterly dividends on NIKE common stock, when declared by the Board of Directors, are paid on or about July 1, October 1, January 2, and April 1.

Other Shareholder Assistance
Communications concerning shareholder address changes, stock transfers, changes of ownership, lost stock certificates, payment of dividends, dividend check replacements, duplicate mailings, or other account services should be directed to the Company's Registrar and Stock Transfer Agent at the address or telephone number above.

NIKE, Inc. designs and markets a wide variety of athletic footwear, apparel and equipment for competitive and recreational uses.

NIKE has attained its premier position in the industry through high quality production, innovative products and aggressive marketing.



Copies of the Company's Form 10-K or Form 10-Q reports filed with the Securities and Exchange Commission are available from the Company without charge. To request a copy, please call 800-640-8007 or write to NIKE's Investor Relations Department at NIKE World Headquarters, One Bowerman Drive, Beaverton, Oregon 97005-6453. Financial information is also available via the internet at www.NikeBiz.com.

NIKE, the Swoosh Design, Air Force One, Nike Shox NZ, Nike Air, Air Zoom Spiridon, Caged Zoom Air, Mercurial Vapor, Nike Swift, and Nike Sphere are trademarks of NIKE.

NIKE, Inc. is an equal opportunity employer. � 2003 NIKE, Inc.



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