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 *
  Kramer Randy S
2. Date of Event Requiring Statement (Month/Day/Year)
12/14/2004
3. Issuer Name and Ticker or Trading Symbol
PRAXAIR INC [PX]
(Last)
(First)
(Middle)
39 OLD RIDGEBURY ROAD
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

DANBURY, CT 06810-5113
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 14,647.437
D
 

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
Stock Options (Right to Buy) 12/31/2002(1) 12/31/2011 Common Stock 29,000 $ 27.625 D  
Stock Options (Right to Buy) 02/28/2004(2) 02/28/2013 Common Stock 36,000 $ 26.425 D  
Stock Options (Right to Buy) 02/24/2005(3) 02/24/2014 Common Stock 40,000 $ 36.58 D  
Deferred Stock (4)   (5)   (5) Common Stock 238.526 $ (6) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Kramer Randy S
39 OLD RIDGEBURY ROAD
DANBURY, CT 06810-5113
      Vice President  

Signatures

Mark S. Lyon, Attorney-in-Fact 12/21/2004
**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) This stock option vests in 3 equal installments beginning on December 31, 2002.
(2) This stock option vests in 3 equal installments beginning on February 28, 2004.
(3) This stock option vests in 3 equal installments beginning on February 24, 2005.
(4) Deferred stock units accrued under the 1993 Praxair, Inc. Compensation Deferral Program, as amended, and are to be settled in Praxair Common Stock.
(5) See Note (4) above.
(6) Conversion to Praxair Common Stock is on a 1-for-1 basis.
 
Remarks:
Exhibit List: Exhibit 24. Power of Attorney dated December 14, 2004.

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