CAMPBELL'S Co — Director's Dealing 2004

Jan 5, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (cpb)
CIK: 0000016732
Period of Report: 2004-01-01

Reporting Person: GOLUB HARVEY (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-01	Stock Option	$26.8600	A	8860.0000	Acquired	2014-01-01	Common Stock (8860.0000)	Direct
2004-01-01	Phantom Stock	$	A	1445.0000	Acquired		Common Stock (1445.0000)	Direct

Footnotes

F1: The options vest cumulatively over three years at the rate of 30%, 60%, 100% respectively on the first three anniversaries of the Transaction Date of January 1, 2004.

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.