CAMPBELL'S Co — Director's Dealing 2004

Sep 27, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2004-09-23

Reporting Person: MORRISON DENISE M (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-23	Common Stock	A	14000	$0.00	Acquired	26528	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-09-23	Stock Options (Right to buy)	$26.36	A	41400	Acquired	2014-09-23	Common Stock (41400)	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: The options vest cumulatively over three years at the rate of 30%, 60%, 100% respectively on the first three anniversaries of the Grant Date.