GENERAL MILLS INC — Director's Dealing 2003

Dec 18, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL MILLS INC (GIS)
CIK: 0000040704
Period of Report: 2003-12-16

Reporting Person: PEEL MICHAEL A (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-16	COMMON STOCK	M	8698	$25.0688	Acquired	0	Direct
2003-12-16	COMMON STOCK	F	4757	$46.6750	Disposed	131620	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-16	OPTION TO BUY	$25.0688	M	8698	Disposed	2004-01-13	COMMON STOCK (8698)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	3678	Indirect
COMMON STOCK	40	Indirect
COMMON STOCK	2830	Indirect
COMMON STOCK	2830	Indirect

Footnotes

F1: Held in Trust by the Trustee of the General Mills Savings Plan.

F2: By Spouse.

F3: Employee option (right to buy) granted by the Compensation Committee of Board of Directors of General Mills, Inc. under shareholder-approved stock option plans.

F4: Shares held in irrevocable trust for the benefit of reporting person's son.