GENERAL MILLS INC — Director's Dealing 2003

Dec 17, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL MILLS INC (GIS)
CIK: 0000040704
Period of Report: 2003-12-15

Reporting Person: SANGER STEPHEN W (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-11	COMMON STOCK	G	13335	—	Disposed	461638	Direct
2003-12-15	RESTRICTED UNITS	A	39063	—	Acquired	500701	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-15	OPTION TO BUY	$46.1050	A	468750	Acquired	2014-01-15	COMMON STOCK (468750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	9734	Indirect
COMMON STOCK	100	Indirect
COMMON STOCK	2585	Indirect
COMMON STOCK	2585	Indirect

Footnotes

F1: Restricted stock unit award granted under the General Mills 2003 Stock Compensation Plan by the Compensation Committee of the Board of Directors of General Mills - no set value.

F2: Held in Trust by the Trustee of the General Mills Savings Plan.

F3: This option becomes 100% exercisable four (4) years from date of grant.

F4: Employee option (right to buy) granted by the Compensation Committee of Board of Directors of General Mills, Inc. under shareholder-approved stock option plans.

F5: Shares were gifted.

F6: By Spouse.

F7: These shares are held in trusts for the benefit of the reporting person's minor children. The reporting person and his spouse are trustees of the trusts.