CAMPBELL'S Co — Director's Dealing 2003

Dec 12, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (cpb)
CIK: 0000016732
Period of Report: 2003-12-10

Reporting Person: MORRISON DENISE M (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-10	Common Stock	J	14500.0000	—	Disposed	15000.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-10	Phantom Stock	$	J	4833.0000	Acquired		Common Stock (4833.0000)	Direct
2003-12-10	Phantom Stock	$	J	4833.0000	Acquired		Common Stock (4833.0000)	Direct
2003-12-10	Phamtom Stock	$	J	4834.0000	Acquired		Common Stock (4834.0000)	Direct

Footnotes

F1: The reporting person elected to defer restricted shares that were granted on September 25, 2003 and reported at that time as shares in Table I.

F2: 1-for-1

F3: Shares of phantom stock are payable in cash or stock from the Company's Deferred Compensation Plan upon reporting person's retirement, resignation or termination.