CAMPBELL'S Co — Director's Dealing 2010

Jan 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2010-01-06

Reporting Person: MATHEW SARA (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-06	Phantom Stock	$	A	5918	Acquired		Common Stock (5918)	Direct

Footnotes

F1: 1-for-1

F2: Phantom shares are fully vested.

F3: The vlaue of phantom stock is payable in cash from the Company's Deferred Compensation Plan upon reporting person's retirement, resignation or termination.