GENERAL MILLS INC — Director's Dealing 2006

Aug 17, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL MILLS INC (GIS)
CIK: 0000040704
Period of Report: 2006-08-15

Reporting Person: Powell Kendall J (PRESIDENT, CHIEF OPER. OFFICER)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-15	COMMON STOCK	M	16600	$30.0650	Acquired	0	Direct
2006-08-15	COMMON STOCK	S	5600	$53.5500	Disposed	0	Direct
2006-08-15	COMMON STOCK	S	5800	$53.5400	Disposed	0	Direct
2006-08-15	COMMON STOCK	S	5200	$53.5300	Disposed	75380	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-15	OPTION TO BUY	$30.0650	M	16600	Disposed	2006-10-30	COMMON STOCK (16600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	772	Indirect

Footnotes

F1: Held in Trust by the Trustee of the General Mills Savings Plan.

F2: Shares were sold pursuant to a 10b5-1 trading plan dated 10-20-2005

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.