CAMPBELL'S Co — Director's Dealing 2008

Aug 8, 2008

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2008-08-01

Reporting Person: Spagnoletti Joseph C. (Senior Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	38923	Direct
Common Stock	3544	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Options	$29.59	2010-06-22	Common Stock (7500)		Direct
Employee Stock Options	$27.99	2011-09-28	Common Stock (25300)		Direct
Employee Stock Options	$26.84	2013-09-23	Common Stock (11750)		Direct
Employee Stock Options	$26.36	2014-09-23	Common Stock (13000)		Direct
Phantom Stock	$0.00		Common Stock (561)		Direct

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 6/22/2000.

F2: 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 9/28/01.

F3: 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 9/25/2003.

F4: 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 09/23/2004.

F5: Phantom shares are fully vested.

F6: 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.