-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 NSWa7PVNpluvzrvgIKrmbjz9Cv2FadymEXYWSKKwJDzxQGsk5BgXGncTW3bXoSa3
 7dZH617yMhVv9Day8dFixQ==

<SEC-DOCUMENT>0000897101-03-001653.txt : 20031217
<SEC-HEADER>0000897101-03-001653.hdr.sgml : 20031217
<ACCEPTANCE-DATETIME>20031217161610
ACCESSION NUMBER:		0000897101-03-001653
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031215
FILED AS OF DATE:		20031217

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PEEL MICHAEL A
		CENTRAL INDEX KEY:			0001206690

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-01185
		FILM NUMBER:		031060225

	MAIL ADDRESS:	
		STREET 1:		NUMBER ONE GENERAL MILLS BLVD
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55426

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GENERAL MILLS INC
		CENTRAL INDEX KEY:			0000040704
		STANDARD INDUSTRIAL CLASSIFICATION:	GRAIN MILL PRODUCTS [2040]
		IRS NUMBER:				410274440
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0525

	BUSINESS ADDRESS:	
		STREET 1:		NUMBER ONE GENERAL MILLS BLVD
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55426
		BUSINESS PHONE:		(763) 764-7600

	MAIL ADDRESS:	
		STREET 1:		P O BOX 1113
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55440
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>gis035390peel_ex.xml
<TEXT>
<XML>
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<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
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    <documentType>4</documentType>
   <periodOfReport>2003-12-15</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000040704</issuerCik>
        <issuerName>GENERAL MILLS INC</issuerName>
        <issuerTradingSymbol>GIS</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001206690</rptOwnerCik>
            <rptOwnerName>PEEL MICHAEL A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>GENERAL MILLS INC.</rptOwnerStreet1>
            <rptOwnerStreet2>NUMBER ONE GENERAL MILLS BLVD</rptOwnerStreet2>
            <rptOwnerCity>MINNEAPOLIS</rptOwnerCity>
            <rptOwnerState>MN</rptOwnerState>
            <rptOwnerZipCode>55426</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>0</isDirector>
         <isOfficer>1</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
         <officerTitle>Senior Vice President</officerTitle>
      </reportingOwnerRelationship>
   </reportingOwner>
 <nonDerivativeTable>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>COMMON STOCK</value>
      </securityTitle>
      <transactionDate>
         <value>2003-12-11</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>5</transactionFormType>
         <transactionCode>G</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
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           <value>385</value>
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           <value>D</value>
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           <value>130679</value>
         </sharesOwnedFollowingTransaction>
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            <value>D</value>
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      <securityTitle>
         <value>COMMON STOCK</value>
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      <transactionDate>
         <value>2003-12-15</value>
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         <transactionFormType>4</transactionFormType>
         <transactionCode>F</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>8860</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>46.1050</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>D</value>
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         <sharesOwnedFollowingTransaction>
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            <value>D</value>
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   </nonDerivativeTransaction>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>RESTRICTED UNITS</value>
      </securityTitle>
      <transactionDate>
         <value>2003-12-15</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>A</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
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      <transactionAmounts>
         <transactionShares>
           <value>5860</value>
            <footnoteId id="F1"/>
         </transactionShares>
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           <value>0</value>
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         <transactionAcquiredDisposedCode>
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            <value>D</value>
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   <nonDerivativeHolding>
      <securityTitle>
         <value>COMMON STOCK</value>
      </securityTitle>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>3678</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>See Footnote</value>
            <footnoteId id="F2"/>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeHolding>
   <nonDerivativeHolding>
      <securityTitle>
         <value>COMMON STOCK</value>
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      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>See Footnote</value>
            <footnoteId id="F6"/>
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      </ownershipNature>
   </nonDerivativeHolding>
   <nonDerivativeHolding>
      <securityTitle>
         <value>COMMON STOCK</value>
      </securityTitle>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>2830</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>See Footnote</value>
            <footnoteId id="F7"/>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeHolding>
   <nonDerivativeHolding>
      <securityTitle>
         <value>COMMON STOCK</value>
      </securityTitle>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>2830</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>See Footnote</value>
            <footnoteId id="F7"/>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeHolding>
 </nonDerivativeTable>
 <derivativeTable>
   <derivativeTransaction>
      <securityTitle>
         <value>OPTION TO BUY</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>46.1050</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-12-15</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>A</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>70313</value>
         </transactionShares>
         <transactionPricePerShare>
            <footnoteId id="F4"/>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2007-12-15</value>
            <footnoteId id="F3"/>
      </exerciseDate>
      <expirationDate>
         <value>2014-01-15</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>COMMON STOCK</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>70313</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>70313</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeTransaction>
 </derivativeTable>
   <footnotes>
      <footnote id="F1"> Restricted stock unit award granted under the General Mills 2003 Stock Compensation Plan by the Compensation Committee of the Board of Directors of General Mills - no set value.</footnote>

      <footnote id="F2"> Held in Trust by the Trustee of the General Mills Savings Plan.</footnote>

      <footnote id="F3"> This option becomes 100% exercisable four (4) years from date of grant.</footnote>

      <footnote id="F4"> Employee option (right to buy) granted by the Compensation Committee of Board of Directors of General Mills, Inc. under shareholder-approved stock option plans.</footnote>

      <footnote id="F5"> Shares were gifted.</footnote>

      <footnote id="F6"> By Spouse.</footnote>

      <footnote id="F7"> Shares held in irrevocable trust for the benefit of reporting person's son.</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>Elizabeth Wittenberg by Power of Attorney on behalf of MICHAEL PEEL</signatureName>
      <signatureDate>2003-12-16</signatureDate>
   </ownerSignature>
</ownershipDocument>

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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----