8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report
(Date of Earliest Event Reported):
January 5, 2005

New Jersey	Commission File Number	21-0419870
State of Incorporation	1-3822	I.R.S. Employer Identification No.

One Campbell Place
Camden, New Jersey 08103-1799
Principal Executive Offices

Telephone Number: (856) 342-4800

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-(c))

Item 7.01 – Regulation FD Disclosure

On January 5, 2005, Campbell Soup Company issued a press release announcing a price increase for soups and other selected U.S. products and confirming its earnings per share guidance for the full fiscal 2005 year. A copy of the release is attached as Exhibit 99.1.

The information in this Current Report, including the attached Exhibit, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

Item 9.01 – Financial Statements and Exhibits

(c)   Exhibits

99.1   Release dated January 5, 2005 announcing a price increase for soups and other selected U.S. products and confirming earnings per share guidance for the full fiscal 2005 year.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CAMPBELL SOUP COMPANY
	(Registrant)
Date: January 5, 2005
	By:	/s/ Robert A. Schiffner Robert A. Schiffner Senior Vice President and Chief Financial Officer

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EXHIBIT INDEX

Exhibit No.	Description
99.1	Release dated January 5, 2005 announcing a price increase for soups and other selected U.S. products and confirming earnings per share guidance for the full fiscal 2005 year

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EX-99.1

EXHIBIT 99.1

FOR IMMEDIATE RELEASE

CONTACT:  Jerry S. Buckley (Media)
(856) 342-6007
Leonard F. Griehs (Analysts)
(856) 342-6428

CAMPBELL ANNOUNCES PRICE INCREASE FOR SOUPS AND OTHER SELECTED U.S. PRODUCTS

     CAMDEN, NJ, January 5, 2005—Campbell Soup Company (NYSE: CPB) today announced an increase in the list price of selected soups and other domestic retail products effective February 28, 2005.

     The price increase represents an approximate 4.8% weighted average price increase across Campbell’s U.S. Soup, Sauces and Beverages segment. The price increase is intended to partially offset cost increases in commodities, ingredients, and packaging materials. Over the past four years, Campbell has made significant investments in its U.S. Soup, Sauces and Beverages segment, including investments in product quality, new products, and more convenient packaging, including easy-open lids on most canned soup products and plastic packaging for its soup, sauce and beverage brands.

     The company confirmed its fiscal year 2005 guidance for earnings per share to increase between 5 and 7 percent, excluding restructuring charges, from the adjusted fiscal year 2004 base of $1.58.

Non-GAAP Financial Information

     A reconciliation of the adjusted fiscal year 2004 earnings per share to the reported earnings per share can be found on the company’s website at www.campbellsoupcompany.com in the “Investor Center” section under the November 22, 2004 entry.

Forward-Looking Statements

     This release contains statements that are “forward-looking”. These forward-looking statements rely on a number of assumptions and estimates which could be inaccurate and which are subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the company. Please refer to the company’s most recent Form 10-K and subsequent filings for a further discussion of these risks and uncertainties. The company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.

About Campbell Soup Company

     Campbell Soup Company is a global manufacturer and marketer of high quality soup, sauce, beverage, biscuit, confectionery and prepared food products. The company is 136 years old, with over $7 billion in annual sales and a portfolio of more than 20 market-leading brands. More than 24,000 employees around the world support the company. For more information on the company, visit Campbell’s website on the Internet at www.campbellsoupcompany.com.

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