GENERAL MILLS INC — Director's Dealing 2008

Aug 6, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL MILLS INC (GIS)
CIK: 0000040704
Period of Report: 2008-08-05

Reporting Person: Powell Kendall J (Director, Chairman of the Board & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-05	Common Stock	M	9400	$30.955	Acquired	130044	Direct
2008-08-05	Common Stock	S	6537	$66.1465	Disposed	123507	Direct
2008-08-05	Common Stock	M	13800	$30.955	Acquired	137307	Direct
2008-08-05	Common Stock	F	9591	$66.19	Disposed	127716	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-05	Non-Qualified Stock Option (right to buy)	$30.955	M	9400	Disposed	2008-09-01	Common Stock (9400)	Direct
2008-08-05	Non-Qualified Stock Option (right to buy)	$30.955	M	13800	Disposed	2008-09-01	Common Stock (13800)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1240	Indirect

Footnotes

F1: Shares were sold pursuant to a 10b5-1 trading plan dated March 26, 2008.

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.