CAMPBELL'S Co — Director's Dealing 2003

Sep 4, 2003

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2003-08-03

Reporting Person: STRAWBRIDGE GEORGE JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-01-02	Common Stock	J	141808	$23.89	Acquired	7758092	Indirect
2003-06-26	Common Stock	J	136501	$24.58	Acquired	7894593	Indirect
2003-01-02	Common Stock	J	141808	$23.89	Disposed	361022	Indirect
2003-06-26	Common Stock	J	136501	$24.58	Disposed	224521	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-03	Phantom Units	$	J	130	Acquired		Common Stock (130)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5000	Direct
Common Stock	0	Indirect

Footnotes

F1: By a trust of which I am income beneficiary and co-trustee and which I have the power to revoke (the "1991 Trust"). See also Note 2.

F2: By a trust created by me on November 19, 2001 (the "2001 Trust") of which I am the income beneficiary until November 2004. I am the trustee of this trust. I do not have the power to revoke this trust. On January 2, 2003 141,808 shares and on June 26, 2003 136,501 shares were transferred from the 2001 Trust to the 1991 Trust (See Note 1).

F3: I disclaim beneficial ownership of the 12,303,923 shares held by a partnership, a general partner of which is a trust for the benefit of my sister which she has the power to revoke and of which I am a co-trustee (Reported pursuant to Rule 16a-8(b)(2)).

F4: I disclaim beneficial ownership of 2,071,056 shares held by trusts for the benefit of my nephews of which I am co-trustee. (Reported pursuant to Rule 16a-8(b)(2)).

F5: I disclaim beneficial ownership of 1,000 shares held by a trust for the benefit of my step-daughter of which I am co-trustee. (Reported pursuant to Rule 16a-8(b)(2)).

F6: I disclaim beneficial ownership of 1,000 shares held by a trust for the benefit of my step-daughter of which I am co-trustee. (Reported pursuant to Rule 16a-8(b)(2)).

F7: I disclaim beneficial ownership of 111,464 shares held by trusts for the benefit of one of my adult sons who currently resides with me. (I do not serve as a trustee.). I disclaim beneficial ownership of 48,530 shares held by a trust for the benefit of one of my adult sons who currently resides with me (I do serve as a co-trustee). (Reported pursuant to Rule 16a-8(b)(2)).

F8: I disclaim beneficial ownership of 2,142,320 shares held by trusts for the benefit of my descendants. (I do not serve as a trustee.). I disclaim beneficial ownership of 48,530 shares held by a trust for the benefit of one of my adult sons who does not currently reside with me (I do serve as co-trustee). (Reported pursuant to Rule 16a-8(b)(2)).

F9: I disclaim beneficial ownership of 3,000 shares held by a trust for the benefit of my wife of which I am co-trustee. (Reported pursuant to Rule 16a-8(b)(2)).

F10: These phantom shares were credited to the reporting person's deferred compensation account during the last fiscal year.