CAMPBELL'S Co — Director's Dealing 2008

May 22, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2008-01-31

Reporting Person: STRAWBRIDGE GEORGE JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-31	Common Stock	J	500000	$31.57	Disposed	6995742	Indirect
2008-02-20	Common Stock	J	14809	$32.27	Acquired	7010551	Indirect
2008-02-20	Common Stock	J	4057	$32.27	Acquired	7014608	Indirect
2008-03-12	Common Stock	J	30428	$32.31	Acquired	7045036	Indirect
2008-05-01	Common Stock	J	15081	$35.17	Acquired	7060117	Indirect
2008-05-01	Common Stock	J	11448	$35.17	Acquired	7071565	Indirect
2008-05-01	Common Stock	J	30223	$35.17	Acquired	7101788	Indirect
2008-05-22	Common Stock	P	30150	$33.4504	Acquired	7131938	Indirect
2008-01-31	Common Stock	J	500000	$31.57	Acquired	500000	Indirect
2008-05-01	Common Stock	J	30223	$35.17	Disposed	469777	Indirect
2008-02-20	Common Stock	J	14809	$32.27	Disposed	101018	Indirect
2008-05-01	Common Stock	J	15081	$35.17	Disposed	85937	Indirect
2008-02-20	Common Stock	J	4057	$32.27	Disposed	158056	Indirect
2008-05-01	Common Stock	J	11448	$35.17	Disposed	146608	Indirect
2008-03-12	Common Stock	J	30428	$32.31	Disposed	268099	Indirect
2008-05-22	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: 500,000 shares were transferred from the 1991 Trust to a new trust created by me on January 25, 2008 (the "2008 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 May 1, 2008 30,223 shares were transferred from the 2008 Three Year Trust to the 1991 Trust.

F3: 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 February 20, 2008 14,809 shares and on May 1, 2008 15,081 shares were transferred from the 2006 Three Year Trust to the 1991 Trust.

F4: By a trust created by me on December 12, 2007 (the "2007 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 February 20, 2008 4,057 shares and on May 1, 2008 11,448 shares were transferred from the 2007 Three Year Trust to the 1991 Trust.

F5: 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 March 12, 2008 30,428 shares were transferred from the 2003 Five Year Trust to the 1991 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 1,000 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)).

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 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)).

F10: 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)).

F11: 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)).