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          Campbell Soup Company Announces Quarterly Dividend

          CAMDEN, N.J.–(BUSINESS WIRE)–June 26, 2003–Campbell Soup
          Company (NYSE:CPB) today announced that the Company’s Board of
          Directors declared a regular quarterly dividend on its capital stock
          of $0.1575 per share. The dividend is payable August 4, 2003 to
          shareowners of record at the close of business on July 7, 2003.

          About Campbell Soup Company

          Campbell Soup Company is a global manufacturer and marketer of
          high quality soup, sauces, beverage, biscuits, confectionery and
          prepared food products. The company owns a portfolio of more than 20
          market-leading businesses each with more than $100 million in sales.
          They include “Campbell’s” soups worldwide, “Erasco” soups in Germany
          and “Liebig” soups in France, “Pepperidge Farm” cookies and crackers,
          “V8” vegetable juices, “V8 Splash” juice beverages, “Pace” Mexican
          sauces, “Prego” pasta sauces, “Franco-American” canned pastas and
          gravies, “Swanson” broths, “Homepride” sauces in the United Kingdom,
          “Arnott’s” biscuits in Australia and “Godiva” chocolates around the
          world. The company also owns dry soup and sauce businesses in Europe
          under the “Batchelors,” “Oxo,” “Lesieur,” “Royco,” “Liebig,” “Heisse
          Tasse,” “Bla Band” and “McDonnells” brands. The company is ably
          supported by approximately 25,000 employees worldwide. For more
          information on the company, visit Campbell’s website on the Internet
          at www.campbellsoup.com.

              CONTACT: Campbell Soup Company
                       Michelle M. Davidson (Media)
                       (856) 968-4390
                       Leonard F. Griehs (Analysts)
                       (856) 342-6428
              SOURCE: Campbell Soup Company