CAMPBELL'S Co — Director's Dealing 2006

May 26, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2006-05-24

Reporting Person: DISILVESTRO ANTHONY (Vice President-Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-24	Common Stock	M	11751	$31.91	Acquired	70270	Direct
2006-05-24	Common Stock	S	11751	$33.60	Disposed	58519	Direct
2006-05-24	Common Stock	S	4500	$34.56	Disposed	54019	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-24	Stock Options (Right to Buy)	$31.91	M	11751	Disposed	2006-06-27	Common Stock (11751)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10887	Indirect

Footnotes

F1: 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 6/27/1996.