CONAGRA BRANDS INC. — Director's Dealing 2007

Jul 3, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONAGRA FOODS INC /DE/ (CAG)
CIK: 0000023217
Period of Report: 2007-07-01

Reporting Person: BUTLER STEPHEN G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-01	Common Stock	A	972	$26.86	Acquired	20154	Direct

Footnotes

F1: These shares were acquired pursuant to the directors' deferred compensation plan.