CAMPBELL'S Co — Director's Dealing 2006

Oct 13, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2006-10-11

Reporting Person: Reardon-Sayer Nancy (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-11	Common Stock	J	28900	$0.00	Disposed	29119	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-11	Phantom Stock	$	J	2890	Acquired		Common Stock (2890)	Direct
2006-10-11	Phantom Stock	$	J	2890	Acquired		Common Stock (2890)	Direct
2006-10-11	Phantom Stock	$	J	23120	Acquired		Common Stock (23120)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	201	Indirect

Footnotes

F1: The reporting person elected to defer restricted shares that were granted on September 28, 2006 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.