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)
11/20/2007
(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 11/20/2007   M   15,000 A $ 30.41 50,415 D  
Common Stock 11/20/2007   M   45,000 A $ 33.75 95,415 D  
Common Stock 11/20/2007   S   60,000 D (1) 35,415 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 $ 30.41 11/20/2007   M     15,000 04/01/2003 04/01/2013 Common Stock 15,000 $ 30.41 0 D  
Stock Option $ 33.75 11/20/2007   M     45,000 04/01/2003 04/01/2013 Common Stock 45,000 $ 33.75 15,000 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   11/21/2007
**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 Sold: 400 @ 65.67 45 @ 65.68 2063 @ 65.69 875 @ 65.7 300 @ 65.71 200 @ 65.725 1720 @ 65.73 700 @ 65.74 245 @ 65.75 1100 @ 65.77 5831 @ 65.78 100 @ 65.785 700 @ 65.79 4855 @ 65.8 100 @ 65.805 300 @ 65.81 300 @ 65.8101 100 @ 65.815 2020 @ 65.82 400 @ 65.83 1800 @ 65.84 2100 @ 65.85 100 @ 65.855 1372 @ 65.86 200 @ 65.8666 200 @ 65.87 100 @ 65.88 500 @ 65.89 300 @ 65.9 1100 @ 65.91 400 @ 65.92 1000 @ 65.94 200 @ 65.96 2240 @ 65.97 444 @ 65.98 100 @ 65.99 1800 @ 66.0 1169 @ 66.01 100 @ 66.0101 1100 @ 66.02 300 @ 66.03 100 @ 66.0301 13 @ 66.04 600 @ 66.05 1600 @ 66.06 820 @ 66.07 5000 @ 66.08 300 @ 66.085 2687 @ 66.09 700 @ 66.10 200 @ 66.1001 800 @ 66.11 100 @ 66.1101 700 @ 66.12 941 @ 66.13 910 @ 66.14 800 @ 66.15 665 @ 66.16 350 @ 66.17 1135 @ 66.18 100 @ 66.185 600 @ 66.19 200 @ 66.1901 300 @ 66.2 200 @ 66.2001 200 @ 66.205 500 @ 66.21 200 @ 66.215 300 @ 66.22

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