CAMPBELL'S Co — Director's Dealing 2006

Jan 4, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: PERRIN CHARLES R (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-01	Stock Options	$29.91	A	10336	Acquired	2016-01-01	Common Stock (10336)	Direct
2006-01-01	Phantom Stock	$	A	1612	Acquired		Common Stock (1612)	Direct

Footnotes

F1: The options vest cumulatively over three years at the rate of 30%, 60%, 100% respectively on the first three anniversaries of the Grant Date.

F2: 1-for-1

F3: Phantom shares are fully vested and immediately exercisable.

F4: 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.