FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
CAHILL BRIAN T
 2. Issuer Name and Ticker or Trading Symbol
MGP INGREDIENTS INC [MGPI] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President/CFO
(Last)
(First)
(Middle)

10407 N REVERE CT		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
06/30/2004
(Street)


KANSAS CITY, MO 65154		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock             17,076 D  
Common Stock             12,641 (1) I By ESOP (Pekin)
Common Stock             746 (2) I By ESOP (Atchison)
Common Stock             955 (3) I by ESPP

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option $ 13.75             (4) 12/11/2007 Common Stock
7,000
  0
D
 
Employee Stock Option $ 12.50             (5) 12/10/2008 Common
7,000
  0
D
 
Employee Stock Option $ 8             (6) 12/09/2009 Common
7,000
  0
D
 
Employee Stock Option $ 9.3125             (7) 06/08/2011 Common Stock
7,000
  0
D
 
Employee Stock Option $ 12.89             (8) 06/12/2012 Common Stock
7,000
  0
D
 
Employee Stock Option $ 5,000             (9) 12/02/2012 Common Stock
5,000
  0
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CAHILL BRIAN T
10407 N REVERE CT
KANSAS CITY, MO 65154		       Vice President/CFO  

Signatures

Brian T. Cahill 06/30/2004
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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) Includes 129 shares acquired between the period of 7/1/03-6/30/04 under ESOP in a transaction exempt under 16b-3(c).
(2) Includes 746 shares acquired between the period of 7/1/03-6/30/04 under ESOP in a transaction exempt under 16b-3(c).
(3) Includes 101 shares acquired between the period of 7/1/03-6/30/04 under ESPP in a transaction exempt under 16b-3(c).
(4) 1,750 shares vested on each date as follows: 12/11/98; 12/11/99; 12/11/00; 12/11/01
(5) 1,750 shares vested on each of the following dates: 12/10/99; 12/10/00; 12/10/01; 12/10/02
(6) 1,750 shares vested on each date as follows: 12/9/00; 12/9/01; 12/9/03; 12/9/03
(7) 1,750 shares vested on each date as follows: 6/8/02; 6/8/03; 6/8/04; 6/8/05
(8) 1,750 shares vested on each date as follows: 6/12/03; 6/12/04; 6/12/05; 6/12/06
(9) 1,250 shares vested on each date as follows: 12/2/03; 12/2/04; 12/2/05; 12/2/06

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

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