GENERAL MILLS INC — Director's Dealing 2004

Feb 23, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL MILLS INC (GIS)
CIK: 0000040704
Period of Report: 2004-02-20

Reporting Person: PEEL MICHAEL A (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-20	COMMON STOCK	M	14253	$22.5234	Acquired	0	Direct
2004-02-20	COMMON STOCK	F	7274	$45.0750	Disposed	137719	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-20	OPTION TO BUY	$22.5234	M	14253	Disposed	2004-07-27	COMMON STOCK (14253)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	3680	Indirect
COMMON STOCK	40	Indirect
COMMON STOCK	3270	Indirect
COMMON STOCK	3270	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.