CAMPBELL'S Co — Director's Dealing 2007

Nov 19, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2007-10-11

Reporting Person: STRAWBRIDGE GEORGE JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-11	common stock	J	25677	$36.19	Acquired	7614536	Indirect
2007-10-11	common stock	J	2970	$36.19	Acquired	7617506	Indirect
2007-11-07	common stock	J	11769	$35.945	Acquired	7629275	Indirect
2007-10-11	common stock	J	25677	$36.19	Disposed	324616	Indirect
2007-10-11	common stock	J	2970	$36.19	Disposed	33966	Indirect
2007-11-07	common stock	J	11769	$35.945	Disposed	115827	Indirect
2007-11-15	common stock	G	33966	$35.27	Disposed	0	Indirect
2007-11-15	common stock	J	0	—	Acquired	0	Indirect

Footnotes

F1: By a trust of which I am income beneficiary and co-trustee and which I have the power to revoke (the "1991 Trust").

F2: By a trust created by me on August 6, 2003 (the "2003 Five Year Trust") of which I am the income beneficiary. I am the trustee of this trust. I do not have the power to revoke this trust. On October 11, 2007 25,677 shares were transferred from the 2003 Five Year Trust to the 1991 Trust.

F3: By a trust created by me on May 25, 2004 (the "2004 Three Year Trust") of which I am the income beneficiary. I am the trustee of this trust. I do not have the power to revoke this trust. On October 11, 2007 2,970 shares were transferred from the 2004 Three Year Trust to the 1991 Trust.

F4: By a trust created by me on December 15, 2006 (the "2006 Three Year Trust") of which I am the income beneficiary. I am the trustee of this trust. I do not have the power to revoke this trust. On November 7, 2007 11,769 shares were transferred from the 2006 Three Year Trust to the 1991 Trust.

F5: On November 15, 2007 the remaining 33,966 shares held by the 2004 Three Year Trust were transferred to a trust created by me on March 31, 1999 (the "1999 Gift Trust") for the benefit of an adult son of mine who does reside with me (see note 10). I am a co-trustee of this trust. I do not have the power to revoke this trust.

F6: I disclaim beneficial ownership of the 10,131,559 shares held by a partnership, a general partner of which is a trust for the benefit of my sister which she has the power to revoke and of which I am a co-trustee (Reported pursuant to Rule 16a-8(b)(2)).

F7: I disclaim beneficial ownership of 1,697,800 shares held by trusts for the benefit of my nephews of which I am co-trustee. (Reported pursuant to Rule 16a-8(b)(2)).

F8: I disclaim beneficial ownership of 1,000 shares held by a trust for the benefit of my step-daughter of which I am co-trustee. (Reported pursuant to Rule 16a-8(b)(2)).

F9: I disclaim beneficial ownership of 1,000 shares held by a trust for the benefit of my step-daughter of which I am co-trustee. (Reported pursuant to Rule 16a-8(b)(2)).

F10: I disclaim beneficial ownership of 111,464 shares held by trusts for the benefit of one of my adult sons who currently resides with me. (I do not serve as a trustee.). I disclaim beneficial ownership of 113,098 shares held by trusts for the benefit of one of my adult sons who currently resides with me (I do serve as a co-trustee). (Reported pursuant to Rule 16a-8(b)(2)).

F11: I disclaim beneficial ownership of 2,142,320 shares held by trusts for the benefit of my descendants. (I do not serve as a trustee.). I disclaim beneficial ownership of 48,530 shares held by a trust for the benefit of one of my adult sons who does not currently reside with me (I do serve as co-trustee). (Reported pursuant to Rule 16a-8(b)(2)).

F12: I disclaim beneficial ownership of 3,000 shares held by a trust for the benefit of my wife of which I am co-trustee. (Reported pursuant to Rule 16a-8(b)(2)).