GENERAL MILLS INC — Director's Dealing 2008

Jul 18, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL MILLS INC (GIS)
CIK: 0000040704
Period of Report: 2008-07-15

Reporting Person: Lund Richard O (VP, Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-07-15	Common Stock	M	15000	$37.11	Acquired	39039.984	Direct
2008-07-15	Common Stock	S	15000	$63.4932	Disposed	24039.984	Direct
2008-07-15	Common Stock	M	4000	$30.955	Acquired	28039.984	Direct
2008-07-15	Common Stock	S	4000	$63.4932	Disposed	24039.984	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-07-15	Non-Qualified Stock Option (right to buy)	$30.955	M	4000	Disposed	2008-09-01	Common Stock (4000)	Direct
2008-07-15	Non-Qualified Stock Option (right to buy)	$37.11	M	15000	Disposed	2009-01-14	Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3436	Indirect

Footnotes

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

F2: Employee option (right to buy) granted by the Compensation Committee of Board of Directors of General Mills, Inc. under
shareholder-approved stock option plans.