CONAGRA BRANDS INC. — Director's Dealing 2004

Jul 8, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONAGRA FOODS INC /DE/ (CAG)
CIK: 0000023217
Period of Report: 2004-07-06

Reporting Person: KRANE ROBERT A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-06	Common Stock	M	9000	$15.75	Acquired	50148	Direct
2004-07-06	Common Stock	F	6834	$26.87	Disposed	43314	Direct
2004-07-06	Common Stock	G	2166	—	Disposed	41148	Direct
2004-07-06	Common Stock	G	2166	—	Acquired	14978	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-06	Option (right to buy)	$15.75	M	9000	Disposed	2004-09-21	Common Stock (9000)	Direct

Footnotes

F1: Gift to spouse.