CAMPBELL'S Co — Director's Dealing 2006

Dec 11, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2006-12-07

Reporting Person: DORRANCE BENNETT (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-07	Common Stock	M	2176	$36.47	Acquired	10022135	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-07	Stock Option (Right to Buy)	$36.47	M	2176	Disposed	2007-01-02	Common Stock (2176)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18000000	Indirect
Common Stock	2419355	Indirect
Common Stock	17957141	Indirect
Common Stock	1105142	Indirect
Common Stock	2043	Indirect

Footnotes

F1: Bennett Dorrance is the sole Trustee of the Bennett Dorrance Trust. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F2: Held by Guillermo Investments, LLC of which Mr. Dorrance is a majority owner. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F3: Held by Clarabelle Investments LLC of which Mr. Dorrance is a majority owner. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F4: Held by The ABD Investments Limited Partnership of which Mr. Dorrance is a majority general partner. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F5: Held as one of the Trustees for the trusts of Mr. Dorrance's children and he disclaims beneficial ownership of such shares.

F6: Held by Hank, Inc. of which Mr. Dorrance is a majority owner.

F7: The options vested cumulatively over three years at the rate of 30%, 60% and 100% respectively on the first three anniversaries of the grant date of 1/2/1997.