CAMPBELL'S Co — Director's Dealing 2005

Jan 5, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2004-09-03

Reporting Person: STRAWBRIDGE GEORGE JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-03	common stock	J	35777	$26.46	Acquired	7161362	Indirect
2004-09-03	common stock	J	23076	$26.46	Acquired	7184438	Indirect
2004-09-03	common stock	J	7526	$26.46	Acquired	7191964	Indirect
2004-11-22	common stock	J	33876	$28.86	Acquired	7225840	Indirect
2004-11-22	common stock	J	21996	$28.86	Acquired	7247836	Indirect
2004-11-22	common stock	J	10136	$28.86	Acquired	7257972	Indirect
2004-09-03	common stock	J	35777	$26.46	Disposed	666174	Indirect
2004-11-22	common stock	J	33876	$28.86	Disposed	632298	Indirect
2004-09-03	common stock	J	23076	$26.46	Disposed	113502	Indirect
2004-11-22	common stock	J	21996	$28.86	Disposed	91506	Indirect
2004-09-03	common stock	J	7526	$26.46	Disposed	152474	Indirect
2004-11-22	common stock	J	10136	$28.86	Disposed	142338	Indirect
2005-01-03	common stock	J	0	—	Acquired	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-01	Stock Option	$30.02	A	18960	Acquired	2015-01-01	common stock (18960)	Direct

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").

F2: By a trust created by me on August 6, 2003 (the "2003 Five Year Trust") of which I am the income beneficiary until August 2008. I am the trustee of this trust. I do not have the power to revoke this trust. On September 3, 2004 35,777 shares and on November 22, 2004 33,876 shares were transferred from the 2003 Five Year Trust to the 1991 Trust.

F3: By a trust created by me on August 6, 2003 (the "2003 Two Year Trust") of which I am the income beneficiary until August 2005. I am the trustee of this trust. I do not have the power to revoke this trust. On September 3, 2004 23,076 shares and on November 22, 2004 21,996 shares were transferred from the 2003 Five Year Trust to the 1991 Trust.

F4: By a trust created by me on May 25, 2004 (the "2004 Three Year Trust") of which I am the income beneficiary until May 2007. I am the trustee of this trust. I do not have the power to revoke this trust. On September 3, 2004 7,526 shares and on November 22, 2004 10,136 shares were transferred from the 2004 Three Year Trust to the 1991 Trust.

F5: I disclaim beneficial ownership of the 11,635,421 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)).

F6: 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)).

F7: 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)).

F8: 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)).

F9: 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)).

F10: 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)).

F11: 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)).

F12: The options vest in three annual installments of 30%, 30% and 40%.