UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
   Klaus  Luft
   Gut Keferloh 1 B
   , Grasbrunn bei Munich D-85630
2. Issuer Name and Ticker or Trading Symbol
   Dell Computer Corporation  (DELL)

3. IRS or Social Security Number of Reporting Person (Voluntary)

4. Statement for Month/Year
   6/2002
5. If Amendment, Date of Original (Month/Year)

6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   (X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
   (specify below)

7. Individual or Joint/Group Filing (Check Applicable Line)
   (X) Form filed by One Reporting Person
   ( ) Form filed by More than One Reporting Person


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 Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                 |
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1. Title of Security       |2.    |3.    |4.Securities Acquired (A)         |5.Amount of        |6.Dir |7.Nature of Indirect       |
                           | Transaction |  or Disposed of (D)              |  Securities       |ect   |  Beneficial Ownership     |
                           |      |      |                                  |  Beneficially     |(D)or |                           |
                           |      |    | |                  | A/|           |  Owned at         |Indir |                           |
                           | Date |Code|V|    Amount        | D |    Price  |  End of Month     |ect(I)|                           |
___________________________________________________________________________________________________________________________________|
                                                                            
Common Stock               |6/4/ 2|M   | |76800             |A  |$2.072     |                   |D     |                           |
                           |002   |    | |                  |   |           |                   |      |                           |
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Common Stock               |6/4/ 2|M   | |38400             |A  |$9.26      |                   |D     |                           |
                           |002   |    | |                  |   |           |                   |      |                           |
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Common Stock               |6/4/ 2|S   | |44445             |D  |$26.2557   |                   |D     |                           |
                           |002   |    | |                  |   |           |                   |      |                           |
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Common Stock               |6/4/ 2|S   | |33672             |D  |$26.2606   |                   |D     |                           |
                           |002   |    | |                  |   |           |                   |      |                           |
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Common Stock               |6/4/ 2|S   | |37083             |D  |$26.26     |499200             |D     |                           |
                           |002   |    | |                  |   |           |                   |      |                           |
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___________________________________________________________________________________________________________________________________
 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
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1.Title of Derivative |2.Con-  |3.   |4.    |5.Number of De |6.Date Exer|7.Title and Amount  |8.Price|9.Number    |10.|11.Nature of|
  Security            |version |Transaction | rivative Secu |cisable and|  of Underlying     |of Deri|of Deriva   |Dir|Indirect    |
                      |or Exer |     |      | rities Acqui  |Expiration |  Securities        |vative |tive        |ect|Beneficial  |
                      |cise    |     |      | red(A) or Dis |Date(Month/|                    |Secu   |Securities  |(D)|Ownership   |
                      |Price of|     |      | posed of(D)   |Day/Year)  |                    |rity   |Benefi      |or |            |
                      |Deriva- |     |      |               |Date |Expir|                    |       |ficially    |Ind|            |
                      |tive    |     |      |           | A/|Exer-|ation|   Title and Number |       |Owned at    |ire|            |
                      |Secu-   |     |    | |           | D |cisa-|Date |   of Shares        |       |End of      |ct |            |
                      |rity    |Date |Code|V|  Amount   |   |ble  |     |                    |       |Month       |(I)|            |
___________________________________________________________________________________________________________________________________|
                                                                            
Nonqualified Stock Opt|$2.072  |6/4/ |M   | |76800      |D  |     |8/29/|Common Stock|76800  |N/A    |0           |D  |            |
ions 1                |        |2002 |    | |           |   |     |2006 |            |       |       |            |   |            |
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Nonqualified Stock Opt|$9.26   |6/4/ |M   | |38400      |D  |2    |7/18/|Common Stock|38400  |N/A    |38400       |D  |            |
ions                  |        |2002 |    | |           |   |     |2007 |            |       |       |            |   |            |
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Nonqualified Stock Opt|$28.24  |     |    | |           |   |3    |7/19/|Common Stock|       |       |18330       |D  |            |
ions                  |        |     |    | |           |   |     |2011 |            |       |       |            |   |            |
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Nonqualified Stock Opt|$28.899 |     |    | |           |   |4    |7/17/|Common Stock|       |       |26096       |D  |            |
ions                  |        |     |    | |           |   |     |2008 |            |       |       |            |   |            |
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Nonqualified Stock Opt|$43.91  |     |    | |           |   |5    |7/16/|Common Stock|       |       |6284        |D  |            |
ions                  |        |     |    | |           |   |     |2009 |            |       |       |            |   |            |
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Nonqualified Stock Opt|$43.91  |     |    | |           |   |6    |7/16/|Common Stock|       |       |10000       |I  |Family Trust|
ions                  |        |     |    | |           |   |     |2009 |            |       |       |            |   |            |
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Nonqualified Stock Opt|$52.1563|     |    | |           |   |7    |7/20/|Common Stock|       |       |18599       |D  |            |
ions                  |        |     |    | |           |   |     |2010 |            |       |       |            |   |            |
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                      |        |     |    | |           |   |     |     |            |       |       |            |   |            |
___________________________________________________________________________________________________________________________________|

Explanation of Responses:
1. Currently exercisable.
2. Exercisable on 7/18/2002.
3. Exercisable in accordance with the following schedule:  3,666 shares on 7/19
of each year from 2002 through 2006.
4. Exercisable in accordance with the following schedule: 15,657 shares
currently exercisable and 5,219 shares on 7/17/02 and 5,220 shares on 7/17/03.
5. Exercisable according to the following schedule:  1,256 shares on 7/16/00
and 1,257 shares on 7/16 of each year from 2001 through 2004.
6. Exercisable according to the following schedule:  2,000 shares on 7/16 of
each year from 2000 through 2004.
7. Exercisable in accordance with the following schedule:  3,719 shares on
7/20/01 and 7/20/03, 3,720 shares on 7/20/02 and 7/20/04 and 3,721 shares on
7/20/05.