CONAGRA BRANDS INC. — Director's Dealing 2004

Jun 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONAGRA FOODS INC /DE/ (CAG)
CIK: 0000023217
Period of Report: 2004-05-30

Reporting Person: ODONNELL JAMES P (EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-30	Common Stock	M	10096	—	Acquired	143483	Direct
2004-05-30	Common Stock	F	4370	$28.12	Disposed	139113	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-05-30	Share Equivalent Units	$0	M	10096	Disposed	2004-05-30	Common Stock (10096)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12	Indirect
Common Stock	20462	Indirect

Footnotes

F1: Converts to common stock on a one-for-one basis.