GENERAL MILLS INC — Capital/Financing Update 2002

Oct 18, 2002

424B3 1 genmills024989_424b3.htm GENERAL MILLS, INC. FORM 424(B)(3) Control Number: 024989 Rev Number: 1.0 Client Name: General Mills, Inc. Project Name: Form 424B3 Firm Name: Prepared by AFPI EDGAR Plus General Mills, Inc. Form 424(b)(3) Inc.

General Mills, Inc.	Filed under Rule 424(b)(3), Registration Statement No. 333-75808
$750,000,000	Pricing Supplement No. 1 - dated October 18, 2002
Core Notes SM	(To prospectus dated February 11, 2002 and prospectus supplement dated September 18, 2002)

CUSIP Number	Aggregate Principal Amount	Price to Public(1)	Purchasing Agent's Discount(1)	Proceeds to General Mills	Interest Rate Per Annum	Interest Payment Frequency (1st Payment Date)	Stated Maturity Date	Survivor's Option
37033EAA0	818,000	100.0%	0.625%	812,887.50	3.100%	Semiannual	10/24/2005	YES
						(4/23/2003)
Redemption Information: N/A
37033EAB8	2,192,000	100.0%	1.000%	2,170,080	4.200%	Quarterly	10/23/2007	YES
						(01/23/2003)
Redemption Information: Redeemable at the option of General Mills, Inc. on October 23, 2003 and each Interest Payment Date
thereafter, at a price equal to 100%.
37033EAC6	1,026,000	100.0%	1.200%	1,013,688	4.600%	Quarterly	10/23/2009	YES
						(01/23/2003)
Redemption Information: Redeemable at the option of General Mills, Inc. on October 23, 2004 and each Interest Payment Date
thereafter, at a price equal to 100%.

●	Trade Date: October 18, 2002	Merrill Lynch & Co.
	Issue Date: October 23, 2002	Purchasing Agent
General Mills, Inc.	Minimum Denominations/Increments: $1,000/$1,000	Acting as Principal
Number One General Mills Blvd.	Original Issue Discount: No
Minneapolis, MN 55426	Total Amount of OID: N/A
	All trades settle without accrued interest and clear SDFS: DTC Book-Entry only
	Merrill Lynch DTC Participant Number: 5132
	(1) Expressed as a percentage of the aggregate principal amount.