GENERAL MILLS INC — Director's Dealing 2004

Dec 27, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL MILLS INC (GIS)
CIK: 0000040704
Period of Report: 2004-12-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-23	COMMON STOCK	M	141765	$26.2200	Acquired	0	Direct
2004-12-23	COMMON STOCK	F	76843	$49.2700	Disposed	888459	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-23	OPTION TO BUY	$26.2200	M	141765	Disposed	2005-07-26	COMMON STOCK (141765)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	10087	Indirect
COMMON STOCK	100	Indirect
COMMON STOCK	3065	Indirect
COMMON STOCK	3065	Indirect

Footnotes

F1: 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.

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

F3: By Spouse.

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.