CAMPBELL'S Co — Director's Dealing 2004

Dec 22, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2004-12-17

Reporting Person: CONANT DOUGLAS R (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-17	Common Stock	J	29037	$0.00	Disposed	39238	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-17	Phantom Stock	$	J	9679	Acquired		Common Stock (9679)	Direct
2004-12-17	Phantom Stock	$	J	9679	Acquired		Common Stock (9679)	Direct
2004-12-17	Phantom Stock	$	J	9679	Acquired		Common Stock (9679)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	643	Indirect

Footnotes

F1: The reporting person elected to defer restricted shares that were granted on September 23, 2004 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.