CAMPBELL'S Co — Director's Dealing 2008

May 2, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2008-05-01

Reporting Person: CONANT DOUGLAS R (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-01	Common Stock	M	47208	$22.95	Acquired	246634	Direct
2008-05-01	Common Stock	S	400	$34.80	Disposed	246234	Direct
2008-05-01	Common Stock	S	600	$34.85	Disposed	245634	Direct
2008-05-01	Common Stock	S	1149	$34.86	Disposed	244485	Direct
2008-05-01	Common Stock	S	651	$34.87	Disposed	243834	Direct
2008-05-01	Common Stock	S	200	$34.88	Disposed	243634	Direct
2008-05-01	Common Stock	S	2000	$34.88	Disposed	241634	Direct
2008-05-01	Common Stock	S	2100	$34.89	Disposed	239534	Direct
2008-05-01	Common Stock	S	1800	$34.89	Disposed	237734	Direct
2008-05-01	Common Stock	S	100	$34.90	Disposed	237634	Direct
2008-05-01	Common Stock	S	2500	$34.96	Disposed	235134	Direct
2008-05-01	Common Stock	S	2500	$34.98	Disposed	232634	Direct
2008-05-01	Common Stock	S	13100	$35.00	Disposed	219534	Direct
2008-05-01	Common Stock	S	2800	$35.01	Disposed	216734	Direct
2008-05-01	Common Stock	S	100	$35.02	Disposed	216634	Direct
2008-05-01	Common Stock	S	2500	$35.10	Disposed	214134	Direct
2008-05-01	Common Stock	S	2000	$35.12	Disposed	212134	Direct
2008-05-01	Common Stock	S	1400	$35.12	Disposed	210734	Direct
2008-05-01	Common Stock	S	2900	$35.14	Disposed	207834	Direct
2008-05-01	Common Stock	S	100	$35.14	Disposed	207734	Direct
2008-05-01	Common Stock	S	5	$35.16	Disposed	207729	Direct
2008-05-01	Common Stock	S	22	$35.17	Disposed	207707	Direct
2008-05-01	Common Stock	S	15	$35.18	Disposed	207692	Direct
2008-05-01	Common Stock	S	100	$35.18	Disposed	207592	Direct
2008-05-01	Common Stock	S	265	$35.19	Disposed	207327	Direct
2008-05-01	Common Stock	S	1	$35.20	Disposed	207326	Direct
2008-05-01	Common Stock	S	7900	$34.57	Disposed	199426	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-01	Employee Stock Options	$22.95	M	47208	Disposed	2012-07-25	Common Stock (47208)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1331	Indirect

Footnotes

F1: All sales reported on this Form 4 were executed pursuant to a Rule 10b5-1 Trading Plan executed on May 24, 2007.

F2: The options vest cumulatively over three years at the rate of 30%, 60% and 100% respectively on the first three anniversaries of the grant date of 7/25/2002.