CAMPBELL'S Co — Director's Dealing 2006

Mar 2, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2006-03-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-24	Common Stock	J	2042859	$0.00	Disposed	17957141	Indirect
2006-02-24	Common Stock	J	20408	$0.00	Acquired	10809959	Indirect
2006-02-24	Common Stock	J	20408	$0.00	Acquired	1105142	Indirect
2006-02-24	Common Stock	J	2043	$0.00	Acquired	2043	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18000000	Indirect
Common Stock	2419355	Indirect

Footnotes

F1: A prorata distribution of 2,042,859 shares was made by ABD Investments Limited Partnership on February 24, 2006 to its equity owners. This prorata distribution effected a change in the reporting person's ownership of the 2,042,859 shares from one form of indirect ownership to a different form of indirect ownership that did not require the filing of a Form 4 report. The shares were distributed as follows: 2,000,000 shares to the Dorrance 1995 Issue Trust ("Issue Trust"), 20,408 shares to the Bennett Dorrance Trust; 20,408 shares to trusts for Mr. Dorrance's children; and 2,043 shares to Hank, Inc. of which Mr. Dorrance is a majority owner.

F2: On March 1, 2006, Issue Trust contributed the 2,000,000 shares to DFE Two Percent LLC. The reporting person has no direct or indirect beneficial interest in DFE Two Percent, LLC and no longer has a reportable beneficial interest in the 2,000,000 shares of common stock now held by DFE Two Percent, LLC that were included in the reporting person's prior ownership reports.

F3: Held by 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.

F4: 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.

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: 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.

F8: 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.