GENERAL MILLS INC — Director's Dealing 2008

Aug 8, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL MILLS INC (GIS)
CIK: 0000040704
Period of Report: 2008-08-06

Reporting Person: PEEL MICHAEL A (EVP, HR & Business Svcs)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-06	Common Stock	M	6032	$40.11	Acquired	278210.2803	Direct
2008-08-06	Common Stock	S	6032	$66.2633	Disposed	272178.2803	Direct
2008-08-06	Common Stock	M	29500	$41.5	Acquired	301678.2803	Direct
2008-08-06	Common Stock	S	29500	$66.21	Disposed	272178.2803	Direct
2008-08-06	Common Stock	M	31400	$34.56	Acquired	303578.2803	Direct
2008-08-06	Common Stock	F	23224	$66.69	Disposed	280354.2803	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-06	Non-Qualified Stock Option (right to buy)	$34.56	M	31400	Disposed	2010-01-13	Common Stock (31400)	Direct
2008-08-06	Non-Qualified Stock Option (right to buy)	$40.11	M	6032	Disposed	2009-07-28	Common Stock (6032)	Direct
2008-08-06	Non-Qualified Stock Option (right to buy)	$41.5	M	29500	Disposed	2009-09-01	Common Stock (29500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4848	Indirect
Common Stock	4848	Indirect
Common Stock	40	Indirect
Common Stock	5136	Indirect

Footnotes

F1: Represents the weighted average of actual sale prices

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.