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

STATEMENT OF CHANGES IN 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 *
MOULTON PAUL G
   2. Issuer Name and Ticker or Trading Symbol
COSTCO WHOLESALE CORP /NEW [COST] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive VP
(Last)
(First)
(Middle)
999 LAKE DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
10/12/2007
(Street)

ISSAQUAH, WA 98027		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 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 Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 10/12/2007   M   30,000 A $ 38.79 67,238 D  
Common Stock 10/12/2007   M   45,000 A $ 39.25 112,238 D  
Common Stock 10/12/2007   S   75,000 D (1) 37,238 D  

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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 Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $ 38.79 10/12/2007   M     30,000 04/02/2002 04/02/2012 Common Stock 30,000 $ 38.79 0 D  
Stock Option $ 39.25 10/12/2007   M     45,000 04/02/2002 04/02/2012 Common Stock 45,000 $ 39.25 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MOULTON PAUL G
999 LAKE DRIVE
ISSAQUAH, WA 98027		       Executive VP  

Signatures

 Deanna K. Nakashima, attorney-in-fact   10/12/2007
**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) Shares were sold as follows: 400 @ 67.55000 600 @ 67.56000 4966 @ 67.57000 300 @ 67.58000 500 @ 67.59000 100 @ 67.60000 100 @ 67.61000 5650 @ 67.62000 1550 @ 67.63000 234 @ 67.64000 100 @ 67.65000 1700 @ 67.66000 1676 @ 67.67000 600 @ 67.68000 724 @ 67.69000 200 @ 67.70000 200 @ 67.71000 400 @ 67.72000 5000 @ 67.82500 100 @ 67.83000 9900 @ 67.85000 982 @ 67.86000 200 @ 67.86500 3018 @ 67.87000 700 @ 67.88000 100 @ 67.89000 1500 @ 67.99000 9600 @ 68.00000 1400 @ 68.01000 200 @ 68.01500 4500 @ 68.02000 1200 @ 68.03000 800 @ 68.04000 100 @ 68.05000 2307 @ 68.06000 700 @ 68.07000 1893 @ 68.08000 800 @ 68.09000 1100 @ 68.10000 300 @ 68.11000 584 @ 68.12000 1000 @ 68.13000 2016 @ 68.15000 5000 @ 68.24000

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