GENERAL MILLS INC — Director's Dealing 2004

Jan 6, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL MILLS INC (GIS)
CIK: 0000040704
Period of Report: 2004-01-05

Reporting Person: DEMERITT STEPHEN R (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-05	COMMON STOCK	M	33800	$26.1550	Acquired	0	Direct
2004-01-05	COMMON STOCK	M	20000	$26.2200	Acquired	0	Direct
2004-01-05	COMMON STOCK	F	15393	$45.5500	Disposed	0	Direct
2004-01-05	COMMON STOCK	F	25785	$45.5500	Disposed	179017	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-05	OPTION TO BUY	$26.1550	M	33800	Disposed	2005-10-18	COMMON STOCK (33800)	Direct
2004-01-05	OPTION TO BUY	$26.2200	M	20000	Disposed	2005-07-26	COMMON STOCK (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	8501	Indirect
COMMON STOCK	1840	Indirect

Footnotes

F1: By spouse. The Reporting Person disclaims beneficial ownership.

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

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.