1. Name and Address of Reporting Person
Bonsignore, Michael R.
Honeywell International
101 Columbia Rd
Morristown, NJ 07962-1057
2. Issuer Name and Ticker or Trading Symbol
Medtronic, Inc. (MDT)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
09/01/2002 R1
5. If Amendment, Date of Original (Month/Day/Year)
09/03/2002
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner
( ) Officer (give title below) ( ) Other (specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
TABLE I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
+---------------------------------+----------+-------------+-----------------------------+----------------+-----------+------------+
|1. Title of Security |2. Trans- |3. Trans- |4. Securities Acquired (A) |5. Amount of |6. Owner- |7. Nature |
| | action | action | or Disposed of (D) | Securities | ship | of In- |
| | Date | Code | | Beneficially | Form: | direct |
| | | | | Owned at | Direct | Bene- |
| | (Month/ | | | End of | (D) or | ficial |
| | Day/ +-------+-----+-----------+------+----------+ Month | Indirect| Owner- |
| | Year) |Code |V |Amount |A/D |Price | | (I) | ship |
+---------------------------------+----------+-------+-----+-----------+------+----------+----------------+-----------+------------+
Common Stock 9400 I By Michael
Bonsignore
Trust
Common Stock 1534 I By IRA
Account
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
+-------------+--------+----------+---------+-----------+---------------------+----------------+----------+--------+-------+-------+
|1. |2. |3. |4. |5. |6. |7. |8. |9. |10. |11. |
| | | | | | | | |Number |Owner- | |
| | | | | | | | |of |ship | |
| | | | | | | | |Deriv- |Form of| |
| | | | | | |Title and Amount| |ative |Deriv- | |
| | | | | | |of Underlying | |Secur- |ative |Nature |
| |Conver- | | |Number of | |Securities | |ities |Secur- |of |
| |sion or | | |Derivative |Date Exercisable +-------+--------+ |Benefi- |ity: |In- |
| |Exercise| | |Securities |and Expiration Date | |Amount | |cially |Direct |direct |
| |Price of|Transac- |Transac- |Acquired(A)|(Month/Day/Year) | |or | |Owned |(D) or |Bene- |
|Title of |Deriv- |tion Date |tion Code|Disposed(D)+----------+----------+ |Number |Price of |at End |In- |ficial |
|Derivative |ative |(Month/ +------+--+-----+-----+Date Exer-|Expira- | |of |Derivative|of |direct |Owner- |
|Security |Security|Day/Year) |Code |V |(A) |(D) |cisable |tion Date |Title |Shares |Security |Month |(I) |ship |
+-------------+--------+----------+------+--+-----+-----+----------+----------+-------+--------+----------+--------+-------+-------+
Stock Options $41.18 08/31/2002 A 4372 08/31/2002 08/31/2012 Common 4372 $0.0000 4372 D
(Right to buy) Stock
Stock Options $41.18 09/01/2002 A 1458 09/01/2002 09/01/2012 Common 1458 $0.0000 1458 D
(Right to buy) Stock
Right to $0 08/31/2002 A 559.6 Common 559.698 $0.0000 559.698 D
Receive Stock 98 Stock
Explanation of Responses:
This amendment is to correct the amount of deferred units granted on 8/31/02.
The amount originally reported was higher than what was granted to the Director.
Deferred units credited under the Medtronic, Inc. Outside Director's
Compensation Plan to be paid in Medtronic common stock upon the director's
resignation or retirement.
SIGNATURE OF REPORTING PERSON
/s/ Carol E. Malkinson, Attorney-in-fact
_________________________
Michael R. Bonsignore
DATE
09/19/2002