November 7, 2003 - 424B3: Prospectus [Rule 424(b)(3)]


Pricing Supplement #7 dated November 5, 2003		Rule 424(b) (3)
(To Prospectus dated January 24, 2002 and		File No. 333-71324
Prospectus Supplement dated May 29, 2002)

NIKE, Inc.

Medium-Term Notes Fixed Rate

We are hereby offering to sell Notes having the terms specified below to you with the assistance of: x Deutsche Bank Securities Inc. and o Other: , acting as: o principal x agent, at: o varying prices related to prevailing market prices at the time of resale x a fixed initial public offering price of 100% of the Principal Amount.


Principal Amount: $20,000,000		Original Issue Date: November 7, 2003

Agents Discount or Commission: .625%		Stated Maturity Date: October 15, 2015

Nets Proceeds to Company: $19,961,594.44		Interest Payment Date(s): April 15th and October 15th

Interest Rate: 5.15% per annum

Redemption:


x		The Notes may not be redeemed prior to the Stated Maturity Date.
o		The Notes may be redeemed at the option of the Company prior to the Stated Maturity Date.
		Initial Redemption Date:
		Initial Redemption Percentage:
		Annual Redemption Percentage Reduction: % until Redemption Percentage is 100% of the Principal Amount.
o		The Notes shall be redeemed by the Company prior to the Stated Maturity Date (see attached)

Repayment:

x		The Notes may not be repaid prior to the Stated Maturity Date.
o		The Notes may be repaid prior to the Stated Maturity Date at the option of the holder of the Notes.
		Option Repayment Date(s):

Currency:

Specified Currency: United States dollars. (If other than U.S. dollars, see attached)

Minimum Denominations: (Applicable only if Specified Currency is other than U.S. dollars)

Exchange Rate Agent: (Applicable only if Specified Currency is other than U.S. dollars)

If Discount Note, check o
Issue Price: %

Form: x Book-Entry oCertificated

Other Provisions: