GENERAL MILLS INC — Director's Dealing 2006

Sep 27, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL MILLS INC (GIS)
CIK: 0000040704
Period of Report: 2006-09-25

Reporting Person: PEEL MICHAEL A (SENIOR VICE PRESIDENT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-09-25	COMMON STOCK	M	20000	$31.2800	Acquired	0	Direct
2006-09-25	COMMON STOCK	S	300	$55.3400	Disposed	0	Direct
2006-09-25	COMMON STOCK	S	2100	$55.3500	Disposed	0	Direct
2006-09-25	COMMON STOCK	S	5000	$55.2000	Disposed	0	Direct
2006-09-25	COMMON STOCK	S	1200	$55.3601	Disposed	0	Direct
2006-09-25	COMMON STOCK	S	600	$55.3600	Disposed	0	Direct
2006-09-25	COMMON STOCK	S	600	$55.2500	Disposed	0	Direct
2006-09-25	COMMON STOCK	S	7900	$55.3000	Disposed	0	Direct
2006-09-25	COMMON STOCK	S	2300	$55.3100	Disposed	236848	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-09-25	OPTION TO BUY	$31.2800	M	20000	Disposed	2007-01-09	COMMON STOCK (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	4460	Indirect
COMMON STOCK	40	Indirect
COMMON STOCK	4102	Indirect
COMMON STOCK	4102	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 child(ren).