Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  McKinnon Paul D
2. Date of Event Requiring Statement (Month/Day/Year)
01/31/2005
3. Issuer Name and Ticker or Trading Symbol
DELL INC [DELL]
(Last)
(First)
(Middle)
ONE DELL WAY
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

ROUND ROCK, TX 78682
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 30,000 (1)
D
 
Common Stock 4,296
I
Employer 401(k) Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Nonqualified Stock Options   (2) 07/17/2008 Common Stock 18,640 $ 28.8985 D  
Nonqualified Stock Options   (2) 03/26/2009 Common Stock 15,047 $ 30.425 D  
Nonqualified Stock Options   (2) 04/19/2009 Common Stock 26,055 $ 37.2188 D  
Nonqualified Stock Options   (2) 09/23/2009 Common Stock 78,320 $ 44.6875 D  
Nonqualified Stock Options   (3) 03/02/2010 Common Stock 265,000 $ 43.4375 D  
Nonqualified Stock Options   (2) 03/24/2010 Common Stock 21,786 $ 45.9 D  
Nonqualified Stock Options   (4) 05/04/2010 Common Stock 80,000 $ 47.9063 D  
Nonqualified Stock Options   (5) 08/22/2010 Common Stock 60,000 $ 37.5938 D  
Nonqualified Stock Options   (6) 08/22/2010 Common Stock 35,000 $ 37.5938 D  
Nonqualified Stock Options   (7) 02/12/2011 Common Stock 80,000 $ 22.9375 D  
Nonqualified Stock Options   (8) 06/18/2011 Common Stock 350,000 $ 24.09 D  
Nonqualified Stock Options   (9) 09/06/2011 Common Stock 60,000 $ 22.1 D  
Nonqualified Stock Options   (10) 03/07/2012 Common Stock 100,000 $ 27.64 D  
Nonqualified Stock Options   (11) 09/05/2012 Common Stock 100,000 $ 25.45 D  
Nonqualified Stock Options   (12) 03/06/2013 Common Stock 100,000 $ 26.185 D  
Nonqualified Stock Options   (13) 09/04/2013 Common Stock 100,000 $ 34.24 D  
Nonqualified Stock Options   (14) 03/04/2014 Common Stock 100,000 $ 32.985 D  
Nonqualified Stock Options   (15) 09/02/2014 Common Stock 100,000 $ 35.35 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
McKinnon Paul D
ONE DELL WAY
ROUND ROCK, TX 78682
      Senior Vice President  

Signatures

/s/ Thomas H. Welch, Jr. Attorney-in-Fact 02/09/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) Represents 5,000 shares of unrestricted stock and 25,000 shares of restricted stock vesting as follows: 5,000 shares on 8/22/2005 and 10,000 shares on 6/18 of 2005 and 2006.
(2) Currently exercisable.
(3) Exercisable as follows: 212,000 shares currently exercisable and 53,000 shares on 3/2/2005.
(4) Exercisable as follows: 64,000 shares currently exercisable and 16,000 shares on 5/4/2005.
(5) Exercisable as follows: 24,00 shares currently exercisable and 12,000 shares on 8/22 of 2005 through 2007.
(6) Exercisable as follows: 28,000 shares currently exercisable and 7,000 shares on 8/22/05.
(7) Exercisable as follows: 40,000 shares currently exercisable and 20,000 shares on 2/12 of 2005 and 2006.
(8) Exercisable as follows: 210,000 shares currently exercisable and 70,000 shares on 6/18 of 2005 and 2006.
(9) Exercisable as follows: 20,000 shares currently exercisable and 20,000 shares on 9/6 of 2005 and 2006.
(10) Exercisable as follows: 40,000 shares currently exercisable and 20,000 shares on 3/7 of 2005 through 2007.
(11) Exercisable as follows: 40,000 shares currently exercisable and 20,000 shares on 9/5 of 2005 through 2007.
(12) Exercisable as follows: 20,000 shares currently exercisable and 20,000 shares on 3/6 of 2005 through 2008.
(13) Exercisable as follows: 20,000 shares currently exercisable and 20,000 shares on 9/4 of 2005 through 2008.
(14) Exercisable as follows: 20,000 shares on 3/4 of 2005 through 2009.
(15) Exercisable as follows: 20,000 shares on 9/2 of 2005 through 2009.

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