CAMPBELL'S Co — Director's Dealing 2003

Dec 5, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (cpb)
CIK: 0000016732
Period of Report: 2003-12-04

Reporting Person: LORD GERALD S (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-04	Common Stock	M	14797.0000	$16.8100	Disposed	32878.0000	Direct
2003-12-04	Common Stock	S	14797.0000	$25.7000	Disposed	18081.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-04	Stock Options (Right to buy)	$16.8100	M	14797.0000	Disposed	2004-06-23	Common Stock (14797.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9841.0000	Indirect
Common Stock	12697.0000	Indirect

Footnotes

F1: The options 100% vested on 6/23/1997.