ITEM 7.01 REGULATION FD DISCLOSURE

On October 14, 2008, The Procter & Gamble Company (the "Company") announced that its Board of Directors declared a quarterly dividend of forty cents ($0.40) per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company, payable on or after November 14, 2008 to shareholders of record at the close of business on October 24, 2008. This 8-K is being furnished pursuant to Item 7.01, "Regulation FD Disclosure."