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: 2003-11-21

Reporting Person: LI DAVID KP (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6402.0000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to buy)	$27.6000	2006-01-01	Common Stock (2176.0000)	2176.0000	Direct
Stock Options (Right to buy)	$36.4700	2007-01-02	Common Stock (2176.0000)	2176.0000	Direct
Stock Options (Right to buy)	$53.8500	2008-01-02	Common Stock (2176.0000)	2176.0000	Direct
Stock Options (Right to buy)	$54.6200	2009-01-04	Common Stock (2000.0000)	2000.0000	Direct
Stock Options (Right to buy)	$38.5000	2010-01-01	Common Stock (7063.0000)	7063.0000	Direct
Stock Options (Right to buy)	$34.3700	2011-01-01	Common Stock (6240.0000)	6240.0000	Direct
Stock Options (Right to buy)	$29.8500	2012-01-01	Common Stock (6908.0000)	6908.0000	Direct
Stock Options (Right to buy)	$23.2700	2013-01-01	Common Stock (9506.0000)	9506.0000	Direct
Phantom Stock	$		Common Stock (18103.0000)	18103.0000	Direct

Footnotes

F1: The report is being filed to note the reporting person's termination of insider status. The reported holdings reflect the reporting person's beneficial ownership as of November 21, 2003, the date of termination of insider status.

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.