Annual Statement of Changes in Beneficial Ownership

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

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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(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^*
MORGAN JAMES B
2. Issuer Name and Ticker or Trading Symbol
DAKTRONICS INC /SD/ [DAKT]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
CEO & President

(Last)          (First)          (Middle)
331 32ND AVENUE, PO BOX 5128
3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY)
5/1/2004

(Street)
BROOKINGS, SD 57006
(City)        (State)        (Zip) 4. If Amendment, Date Original Filed (MM/DD/YYYY)

6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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)

Amount (A) or (D) Price

Daktronics, Inc. Zero Par Value Common Stock 656092.00 ⁽¹⁾ D

Daktronics, Inc. Zero Par Value Common Stock 400.00 I By Child A

Daktronics, Inc. Zero Par Value Common Stock 400.00 I By Child B

Daktronics, Inc. Zero Par Value Common Stock 18444.25 ⁽²⁾ I By Daktronics, Inc. 401(K) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)

1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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
(MM/DD/YYYY) 7. Title and Amount of Securities Underlying Derivative Security
(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

Daktronics, Inc. Incentive Stock Option $1.47       8/23/1996 ⁽³⁾ 8/22/2005 Daktronics, Inc. Zero Par Value Common Stock 32000.00 32000.00 D

Daktronics, Inc. Incentive Stock Option $1.05       11/14/1997 ⁽⁴⁾ 11/13/2006 Daktronics, Inc. Zero Par Value Common Stock 20000.00 20000.00 D

Daktronics, Inc. Incentive Stock Option $1.33       8/21/1998 ⁽⁵⁾ 8/20/2007 Daktronics, Inc. Zero Par Value Common Stock 20000.00 20000.00 D

Daktronics, Inc. Incentive Stock Option $3.06       11/19/1999 ⁽⁶⁾ 11/18/2008 Daktronics, Inc. Zero Par Value Common Stock 32000.00 32000.00 D

Daktronics, Inc. Incentive Stock Option $5.13       11/18/2000 ⁽⁷⁾ 11/17/2009 Daktronics, Inc. Zero Par Value Common Stock 32000.00 32000.00 D

Daktronics, Inc. Incentive Stock Option $7.66       11/16/2001 ⁽⁸⁾ 11/15/2010 Daktronics, Inc. Zero Par Value Common Stock 24000.00 24000.00 D

Daktronics, Inc. Incentive Stock Option $7.54       11/13/2002 ⁽⁹⁾ 11/12/2011 Daktronics, Inc. Zero Par Value Common Stock 10000.00 10000.00 D

Daktronics, Inc. Incentive Stock Option $11.55       11/21/2003 ⁽¹⁰⁾ 11/20/2012 Daktronics, Inc. Zero Par Value Common Stock 10000.00 10000.00 D

Daktronics, Inc. Incentive Stock Option $17.70       11/19/2004 ⁽¹¹⁾ 11/19/2013 Daktronics, Inc. Zero Par Value Common Stock 10000.00 10000.00 D

Explanation of Responses:

( 1) Includes an adjustment of 28,452 shares due to over reporting shares on previous Form 4.

( 2) The information in this report is based on a plan statement dated as of 04-30-2004.

( 3) 20% vested each year for a total of five years - Remaining vesting schedule - 08/23/97-20%, 08/23/98-20%, 08/23/99-20%, 08/23/00-20%

( 4) 20% vested each year for a total of five years - Remaining vesting schedule - 11/14/98-20%, 11/14/99-20%, 11/14/00-20%, 11/14/01-20%

( 5) 20% vested each year for a total of five years - Remaining vesting schedule - 8/21/99-20%, 8/21/00-20%, 8/21/01-20%, 8/21/02-20%

( 6) 20% vested each year for a total of five years - Vesting schedule - 11/19/00-99%, 11/19/00-20%, 11/19/01-20%, 11/19/02-20%, 11/19/03-20%

( 7) 20% vested each year for a total of five years - Vesting schedule - 11/18/00-20, 11/18/01-20%, 11/18/02-20%, 11/18/03-20%, 11/18/04-20%

( 8) 20% vested each year for a total of five years - Remaining vesting schedule - 11/16/02-20%, 11/16/03-20%, 11/16/04-20%, 11/16/05-20%

( 9) 20% vested each year for a total of five years - Remaining vesting schedule - 11/13/03-20%, 11/13/04-20%, 11/13/05-20%, 11/13/06-20%

( 10) 20% vested each year for a total of five years - Remaining vesting schedule - 11/21/04-20%, 11/21/05-20%, 11/21/06-20%, 11/21/07-20%

( 11) 20% vested each year for a total of 5 years - Vesting schedule- 11/19/04 - 20%, 11/19/05- 20%, 11/19/06 - 20%, 11/19/07 - 20%, 11/19/08 - 20%

Reporting Owners

Reporting Owner Name / Address Relationships

Director 10% Owner Officer Other

MORGAN JAMES B
331 32ND AVENUE
PO BOX 5128
BROOKINGS, SD 57006 X
CEO & President

Signatures

By: /s/ James B. Morgan 6/15/2004

^** Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* 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).

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

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.

*Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
Daktronics, Inc. Incentive Stock Option	$1.47	8/23/1996 ⁽³⁾	8/22/2005	Daktronics, Inc. Zero Par Value Common Stock	32000.00	32000.00	D
Daktronics, Inc. Incentive Stock Option	$1.05	11/14/1997 ⁽⁴⁾	11/13/2006	Daktronics, Inc. Zero Par Value Common Stock	20000.00	20000.00	D
Daktronics, Inc. Incentive Stock Option	$1.33	8/21/1998 ⁽⁵⁾	8/20/2007	Daktronics, Inc. Zero Par Value Common Stock	20000.00	20000.00	D
Daktronics, Inc. Incentive Stock Option	$3.06	11/19/1999 ⁽⁶⁾	11/18/2008	Daktronics, Inc. Zero Par Value Common Stock	32000.00	32000.00	D
Daktronics, Inc. Incentive Stock Option	$5.13	11/18/2000 ⁽⁷⁾	11/17/2009	Daktronics, Inc. Zero Par Value Common Stock	32000.00	32000.00	D
Daktronics, Inc. Incentive Stock Option	$7.66	11/16/2001 ⁽⁸⁾	11/15/2010	Daktronics, Inc. Zero Par Value Common Stock	24000.00	24000.00	D
Daktronics, Inc. Incentive Stock Option	$7.54	11/13/2002 ⁽⁹⁾	11/12/2011	Daktronics, Inc. Zero Par Value Common Stock	10000.00	10000.00	D
Daktronics, Inc. Incentive Stock Option	$11.55	11/21/2003 ⁽¹⁰⁾	11/20/2012	Daktronics, Inc. Zero Par Value Common Stock	10000.00	10000.00	D
Daktronics, Inc. Incentive Stock Option	$17.70	11/19/2004 ⁽¹¹⁾	11/19/2013	Daktronics, Inc. Zero Par Value Common Stock	10000.00	10000.00	D

End of Filing

1. Name and Address of Reporting Person ^* MORGAN JAMES B	2. Issuer Name and Ticker or Trading Symbol DAKTRONICS INC /SD/ [DAKT]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __ X __ Director _____ 10% Owner __ X __ Officer (give title below) _____ Other (specify below) CEO & President
(Last) (First) (Middle) 331 32ND AVENUE, PO BOX 5128	3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY) 5/1/2004
(Street) BROOKINGS, SD 57006 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form Filed by One Reporting Person ___ Form Filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Daktronics, Inc. Zero Par Value Common Stock							656092.00 ⁽¹⁾	D
Daktronics, Inc. Zero Par Value Common Stock							400.00	I	By Child A
Daktronics, Inc. Zero Par Value Common Stock							400.00	I	By Child B
Daktronics, Inc. Zero Par Value Common Stock							18444.25 ⁽²⁾	I	By Daktronics, Inc. 401(K) Plan

*Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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 (MM/DD/YYYY)		7. Title and Amount of Securities Underlying Derivative Security (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)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Daktronics, Inc. Incentive Stock Option	$1.47						8/23/1996 ⁽³⁾	8/22/2005	Daktronics, Inc. Zero Par Value Common Stock	32000.00		32000.00	D
Daktronics, Inc. Incentive Stock Option	$1.05						11/14/1997 ⁽⁴⁾	11/13/2006	Daktronics, Inc. Zero Par Value Common Stock	20000.00		20000.00	D
Daktronics, Inc. Incentive Stock Option	$1.33						8/21/1998 ⁽⁵⁾	8/20/2007	Daktronics, Inc. Zero Par Value Common Stock	20000.00		20000.00	D
Daktronics, Inc. Incentive Stock Option	$3.06						11/19/1999 ⁽⁶⁾	11/18/2008	Daktronics, Inc. Zero Par Value Common Stock	32000.00		32000.00	D
Daktronics, Inc. Incentive Stock Option	$5.13						11/18/2000 ⁽⁷⁾	11/17/2009	Daktronics, Inc. Zero Par Value Common Stock	32000.00		32000.00	D
Daktronics, Inc. Incentive Stock Option	$7.66						11/16/2001 ⁽⁸⁾	11/15/2010	Daktronics, Inc. Zero Par Value Common Stock	24000.00		24000.00	D
Daktronics, Inc. Incentive Stock Option	$7.54						11/13/2002 ⁽⁹⁾	11/12/2011	Daktronics, Inc. Zero Par Value Common Stock	10000.00		10000.00	D
Daktronics, Inc. Incentive Stock Option	$11.55						11/21/2003 ⁽¹⁰⁾	11/20/2012	Daktronics, Inc. Zero Par Value Common Stock	10000.00		10000.00	D
Daktronics, Inc. Incentive Stock Option	$17.70						11/19/2004 ⁽¹¹⁾	11/19/2013	Daktronics, Inc. Zero Par Value Common Stock	10000.00		10000.00	D

Explanation of Responses:
( 1)	Includes an adjustment of 28,452 shares due to over reporting shares on previous Form 4.
( 2)	The information in this report is based on a plan statement dated as of 04-30-2004.
( 3)	20% vested each year for a total of five years - Remaining vesting schedule - 08/23/97-20%, 08/23/98-20%, 08/23/99-20%, 08/23/00-20%
( 4)	20% vested each year for a total of five years - Remaining vesting schedule - 11/14/98-20%, 11/14/99-20%, 11/14/00-20%, 11/14/01-20%
( 5)	20% vested each year for a total of five years - Remaining vesting schedule - 8/21/99-20%, 8/21/00-20%, 8/21/01-20%, 8/21/02-20%
( 6)	20% vested each year for a total of five years - Vesting schedule - 11/19/00-99%, 11/19/00-20%, 11/19/01-20%, 11/19/02-20%, 11/19/03-20%
( 7)	20% vested each year for a total of five years - Vesting schedule - 11/18/00-20, 11/18/01-20%, 11/18/02-20%, 11/18/03-20%, 11/18/04-20%
( 8)	20% vested each year for a total of five years - Remaining vesting schedule - 11/16/02-20%, 11/16/03-20%, 11/16/04-20%, 11/16/05-20%
( 9)	20% vested each year for a total of five years - Remaining vesting schedule - 11/13/03-20%, 11/13/04-20%, 11/13/05-20%, 11/13/06-20%
( 10)	20% vested each year for a total of five years - Remaining vesting schedule - 11/21/04-20%, 11/21/05-20%, 11/21/06-20%, 11/21/07-20%
( 11)	20% vested each year for a total of 5 years - Vesting schedule- 11/19/04 - 20%, 11/19/05- 20%, 11/19/06 - 20%, 11/19/07 - 20%, 11/19/08 - 20%

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	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).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.