<PAGE>
<PAGE> 1 -- 401 (K) FOR HOURLY-PAID EMPLOYEES
==========================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------
FORM 11-K
(X) Annual Report Pursuant to Section 15(d) of the
Securities Exchange Act of 1934
For the Fiscal Year Ended December 31, 1993
OR
( ) Transition Report Pursuant to Section 15(d) of
the Securities Exchange Act of 1934
For the transition period from_________ to_________
Commission File Number 1-3822
A. Full title of the Plan:
Campbell Soup Company Employee Savings and 401(k) Plan
for Hourly-Paid Employees
B. Name of issuer of the securities held pursuant to the Plan and the
address of its principal executive office:
Campbell Soup Company, Campbell Place, Camden, New Jersey 08103-1799
__________________________________________________________________________
This Form 11-K contains 15 pages including exhibits.
An index to exhibits is on page 14.
==========================================================================
<PAGE>
<PAGE> 2 -- 401 (K) FOR HOURLY-PAID EMPLOYEES
Report of Independent Accountants
To the Administrative Committee
and Participants of the Campbell Soup Company
Savings and 401(k) Plan for Hourly-Paid Employees
In our opinion, the accompanying statements of net assets
available for plan benefits and the related statements of
changes in net assets available for plan benefits present
fairly, in all material respects, the net assets available
for plan benefits of Campbell Soup Company Savings and
401(k) Plan for Hourly-Paid Employees at December 31, 1993
and 1992, and the changes in its net assets available for
benefits for the years then ended, in conformity with
generally accepted accounting principles. These financial
statements are the responsibility of the Administrative
Committee; our responsibility is to express an opinion on
these financial statements based on our audits. We conducted
our audits of these statements in accordance with generally
accepted auditing standards which require that we plan and
perform the audit to obtain reasonable assurance about
whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the
financial statements, assessing the accounting principles
used and significant estimates made by the Administrative
Committee, and evaluating the overall financial statement
presentation. We believe that our audits provide a
reasonable basis for the opinion expressed above.
Our audits were made for the purpose of forming an opinion
on the basic financial statements taken as a whole. The
additional information included as Exhibits 1 and 2 is
presented for the purposes of additional analysis and is not
a required part of the basic financial statements but is
additional information required by ERISA. Such information
has been subjected to the auditing procedures applied in the
audit of the basic financial statements and, in our opinion,
is fairly stated in all material respects in relation to the
basic financial statements taken as a whole.
PRICE WATERHOUSE
Philadelphia, PA 19103
April 15, 1994
<PAGE>
<PAGE> 3 -- 401 (K) FOR HOURLY-PAID EMPLOYEES
CAMPBELL SOUP COMPANY SAVINGS AND 401(K) PLAN
FOR HOURLY-PAID EMPLOYEES
Statement of Net Assets Available for Plan Benefits
December 31, 1993
(000s omitted)
<TABLE>
<CAPTION>
Investment Programs - Notes 1 and 2
----------------------------------------------------------------------------------
Campbell Phoenix Vanguard Contract Vanguard Participant
Soup Co. Growth Windsor Income US Treasury Promissory
Stock Fund Fund Fund Portfolio Notes Total
----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ASSETS
Investments, at fair value.......... $32,976 $713 $4,431 $69 $38,189
Deposits with insurance companies... $542 542
Short-term investment funds......... 53 19 52 881 1,005
------- ---- ------ ------ --- ------ -------
Total investments 33,029 732 4,483 1,423 69 39,736
------- ---- ------ ------ --- ------ -------
Loans to participants............... $1,325 1,325
Receivables
Employer/participants'
contributions.................... 432 16 59 29 4 540
Other............................. 118 3 6 18 12 157
------- ---- ------ ------ --- ------ -------
Total receivables............. 550 19 65 47 16 697
------- ---- ------ ------ --- ------ -------
LIABILITIES
Payables............................ 219 36 4 259
------- ---- ------ ------ --- ------ -------
NET ASSETS AVAILABLE FOR PLAN BENEFITS $33,360 $751 $4,512 $1,466 $85 $1,325 $41,499
======= ==== ====== ====== === ====== =======
</TABLE>
The accompanying notes are an integral part of these financial statements.
<PAGE>
<PAGE> 4 -- 401 (K) FOR HOURLY-PAID EMPLOYEES
CAMPBELL SOUP COMPANY SAVINGS AND 401(K) PLAN
FOR HOURLY-PAID EMPLOYEES
Statement of Net Assets Available for Plan Benefits
December 31, 1992
(000s omitted)
<TABLE>
<CAPTION>
Investment Programs - Notes 1 and 2
----------------------------------------------------------------------------------
Campbell Phoenix Vanguard Contract Vanguard Participant
Soup Co. Growth Windsor Income US Treasury Promissory
Stock Fund Fund Fund Portfolio Notes Total
----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ASSETS
Investments, at fair value.......... $29,647 $589 $3,551 $33 $33,820
Deposits with insurance companies... $825 825
Short-term investment funds......... 5 5 5 356 371
------- ---- ------ ------ --- ---- -------
Total investments............... 29,652 594 3,556 1,181 33 35,016
------- ---- ------ ------ --- ---- -------
Loans to participants............... $553 553
Receivables
Employer/participants'
contributions.................... 436 15 58 26 3 538
Other............................. 194 19 26 8 10 257
------- ---- ------ ------ --- ---- -------
Total receivables............... 630 34 84 34 3 10 795
------- ---- ------ ------ --- ---- -------
LIABILITIES
Payables............................ 52 2 6 60
------- ---- ------ ------ --- ---- -------
NET ASSETS AVAILABLE FOR PLAN BENEFITS $30,230 $626 $3,634 $1,215 $36 $563 $36,304
======= ==== ====== ====== === ==== =======
</TABLE>
The accompanying notes are an integral part of these financial statements.
<PAGE>
<PAGE> 5 -- 401 (K) FOR HOURLY-PAID EMPLOYEES
CAMPBELL SOUP COMPANY SAVINGS AND 401(K) PLAN
FOR HOURLY-PAID EMPLOYEES
Statement of Changes in Net Assets Available for Plan Benefits
Year ended December 31, 1993
(000s omitted)
<TABLE>
<CAPTION>
Investment Programs - Notes 1 and 2
----------------------------------------------------------------------------------
Campbell Phoenix Vanguard Contract Vanguard Participant
Soup Co. Growth Windsor Income US Treasury Promissory
Stock Fund Fund Fund Portfolio Notes Total
----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Additions to net assets attributed to:
Investment income:
Unrealized appreciation
(depreciation) in fair value of
investments (Note 4)............. ($1,364) $1 $309 ($1,054)
Net realized gain (loss) on sale
of investments................... 721 2 21 744
Interest.......................... 9 1 1 $74 $1 $28 114
Dividends......................... 563 25 371 959
------- ---- ------ ------ ---- ------ -------
(71) 29 702 74 1 28 763
------- ---- ------ ------ ---- ------ -------
Contributions:
Employer.......................... 1,711 50 152 79 10 2,002
Participants...................... 3,714 115 428 218 25 4,500
------- ---- ------ ------ ---- ------ -------
5,425 165 580 297 35 6,502
------- ---- ------ ------ ---- ------ -------
Transfers:
Promissory notes issuance......... (1,029) (26) (118) (35) 1,208 0
Promissory notes repayment........ 399 7 50 23 (479) 0
Other transfers................... 42 (29) (5) (52) 15 5 (24)
------- ---- ------ ------ ---- ------ -------
(588) (48) (73) (64) 15 734 (24)
------- ---- ------ ------ ---- ------ -------
Total additions 4,766 146 1,209 307 51 762 7,241
------- ---- ------ ------ ---- ------ -------
Deductions from net assets attributed to:
Distributions....................... 1,636 21 331 56 2 2,046
------- ---- ------ ------ ---- ------ -------
Net increase 3,130 125 878 251 49 762 5,195
Net assets available for plan benefits:
Beginning of year................... 30,230 626 3,634 1,215 36 563 36,304
------- ---- ------ ------ ---- ------ -------
End of year......................... $33,360 $751 $4,512 $1,466 $85 $1,325 $41,499
======= ==== ====== ====== ==== ====== =======
</TABLE>
The accompanying notes are an integral part of these financial statements.
<PAGE>
<PAGE> 6 -- 401 (K) FOR HOURLY-PAID EMPLOYEES
CAMPBELL SOUP COMPANY SAVINGS AND 401(K) PLAN
FOR HOURLY-PAID EMPLOYEES
Statement of Changes in Net Assets Available for Plan Benefits
Year ended December 31, 1992
(000s omitted)
<TABLE>
<CAPTION>
Investment Programs - Notes 1 and 2
----------------------------------------------------------------------------------
Campbell Phoenix Vanguard Contract Vanguard Participant
Soup Co. Growth Windsor Income US Treasury Promissory
Stock Fund Fund Fund Portfolio Notes Total
----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Additions to net assets attributed to:
Investment income:
Unrealized appreciation
(depreciation) in fair value of
investments (Note 4)............. ($904) $6 $270 ($628)
Net realized gain(loss) on sale
of investments................... 765 1 (6) 760
Interest.......................... 5 $79 $1 $9 94
Dividends......................... 654 19 227 900
------- ---- ------ ------ --- ---- -------
520 26 491 79 1 9 1,126
------- ---- ------ ------ --- ---- -------
Contributions:
Employer.......................... 1,557 43 186 84 15 1,885
Participants...................... 3,353 121 418 226 5 4,123
------- ---- ------ ------ --- ---- -------
4,910 164 604 310 20 6,008
------- ---- ------ ------ --- ---- -------
Transfers:
Promissory notes issuance......... (508) (5) (61) (29) 603 0
Promissory notes repayment........ 38 1 5 3 (47) 0
Other transfers................... 342 (44) (156) (131) 19 (2) 28
------- ---- ------ ------ --- ---- -------
(128) (48) (212) (157) 19 554 28
------- ---- ------ ------ --- ---- -------
Total additions 5,302 142 883 232 40 563 7,162
------- ---- ------ ------ --- ---- -------
Deductions from net assets attributed to:
Distributions....................... 2,970 35 256 147 4 3,412
------- ---- ------ ------ --- ---- -------
Net increase 2,332 107 627 85 36 563 3,750
Net assets available for plan benefits:
Beginning of year................... 27,898 519 3,007 1,130 32,554
------- ---- ------ ------ --- ---- -------
End of year.................... $30,230 $626 $3,634 $1,215 $36 $563 $36,304
======= ==== ====== ====== === ==== =======
</TABLE>
The accompanying notes are an integral part of these financial statements.
<PAGE>
<PAGE> 7 -- 401 (K) FOR HOURLY-PAID EMPLOYEES
CAMPBELL SOUP COMPANY SAVINGS AND 401(K) PLAN
FOR HOURLY-PAID EMPLOYEES
NOTES TO FINANCIAL STATEMENTS
December 31, 1993 and 1992
NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES
Investments:
The assets of the Campbell Soup Company Savings and 401(k) Plan for
Hourly-Paid Employees (the "Plan") are carried at fair value. The
fair value of the Campbell Soup Company capital stock is based upon
reported market information. Fair value for the Vanguard Windsor
Fund, the Vanguard US Treasury Portfolio, and the Phoenix Growth
Fund are determined by the net asset value of the shares as
reported by the funds.
The Contract Income Fund is carried at cost which approximated the
market value at December 31, 1993 and 1992, and the interest income
on this investment option accrues directly to the fund. The
Contract Income Fund is a collective investment trust arrangement
with a portfolio of insurance contracts jointly held by the Plan
and the Campbell Soup Company Savings and 401(k) Plan for Salaried
Employees. Individual contract cost and related interest are based
on an allocation of the total Contract Income Fund portfolio
balance between the two plans based upon their relative fund
balances.
Dividend income is recorded on the ex-dividend date and interest is
accrued as earned. Realized gains or losses on the sale of
investments are determined based on historical average cost. Such
gains and losses are computed on a current value basis for Form
5500. The difference may result in a differing classification
between realized and unrealized, but the total gain or loss will be
unaffected.
Other Assets and Liabilities:
Receivables include receivables for dividends and interest,
securities sold, loan repayments, and assets due from other
investment funds. Payables include amounts due for securities
purchased and loan issuances, and assets due to other investment
funds.
Statement of Financial Accounting Standards No. 114:
On May 15, 1993, the Financial Accounting Standards Board issued
Statement of Financial Accounting Standards No. 114 (FAS 114),
Accounting by Creditors for Impairment of a Loan. FAS 114, which
must be adopted by the Plan by fiscal 1995, requires that impaired
loans that are within the scope of this Statement be measured based
on the present value of expected future cash flows discounted at
the loan's effective interest rate. Previously issued financial
statements shall not be restated upon adoption of FAS 114.
Adoption of FAS 114 is not expected to have a material effect on
the Plan's financial statements.
Reclassification:
Certain amounts in the accompanying financial statements have been
reclassified for comparative purposes.
<PAGE>
<PAGE> 8 -- 401 (K) FOR HOURLY-PAID EMPLOYEES
CAMPBELL SOUP COMPANY SAVINGS AND 401(K) PLAN
FOR HOURLY-PAID EMPLOYEES
NOTES TO FINANCIAL STATEMENTS
December 31, 1993 and 1992
NOTE 2 - DESCRIPTION OF THE PLAN
The purpose of the Plan is to encourage employees of Campbell Soup
Company (the "Company") and its subsidiaries to save part of their
income on a regular basis. Hourly-Paid employees at certain
domestic locations of the Company and its subsidiaries are eligible
for participation in the Plan. Participation in the Plan is on a
voluntary basis. The Plan provides participants with both a 401(k)
pre-tax and after-tax contribution option. The plan is supervised,
administered, and interpreted by an Administrative Committee,
appointed by the Board of Directors of the Company. The
Administrative Committee is comprised of one or more persons who
may be, but need not be, employees or members of the Board of
Directors of the Company. The Administrative Committee has
appointed State Street Bank and Trust Company as trustee to manage
the assets of the Plan. All expenses incident to the operation of
the Plan have been paid by the Company.
Participants authorize payroll deductions which are contributed to
the Plan and credited to their individual accounts. Monthly
contributions are limited to a pre-tax maximum or a post-tax
maximum of 10%, or a combined maximum of 15%, of a participant's
earnings, as defined, in multiples of 1%. However, in accordance
with the Internal Revenue Code (the "Code"), the amount of a
participant's pre-tax contribution for calendar year 1993 was
limited to $8,994. Participants may direct that their
contributions, in multiples of 10%, be invested in any of the
Plan's investment options described below.
The Company makes matching contributions in the amount of 50% of
each participant's contribution up to 5% of the participant's
earnings. Company contributions are invested in the same funds as
the participant's contributions. The Company, in its discretion,
can also make an additional contribution to the participant's
accounts at the end of the Company's fiscal year.
Participants are always 100% vested in their contributions made to
the Plan. An employee who became an active participant in the Plan
on April 1, 1989, or when it was first offered to that
participant's location, is 100% vested in any portion contributed
by the Company. In all other cases, the vested and nonforfeitable
interest in amounts credited to the participant's individual
account with respect to Company contributions and any earnings and
profits thereon vest in various percentages over a five year period
in accordance with the vesting schedule contained in the Plan's
prospectus.
<PAGE>
<PAGE> 9 -- 401 (K) FOR HOURLY-PAID EMPLOYEES
CAMPBELL SOUP COMPANY SAVINGS AND 401(K) PLAN
FOR HOURLY-PAID EMPLOYEES
NOTES TO FINANCIAL STATEMENTS
December 31, 1993 and 1992
Participants may borrow up to one-half of their fully-vested
account balances subject to certain minimum and maximum loan
limitations. The loans are executed by promissory notes and have
a minimum term of 12 months and a maximum term of 54 months. The
loans bear an interest rate equal to two points above the highest
prime rate in effect on the first day of the calendar quarter. The
loans are repaid over the term in monthly installments of principal
and interest by payroll deduction. A participant also has the
right to repay the loan in full at any time without a penalty.
At the end of any month, a participant who has five continuous
years of participation in the Plan may withdraw, once in a calendar
year, all or a portion of his or her account balance, except the
portion attributable to pre-tax contributions. If a participant is
under age 59 1/2, a withdrawal may be made from the participant's
pre-tax account only if a financial hardship is demonstrated.
In the event of Plan termination, each partipant will be entitled
to receive a benefit in the amount of his or her interest in the
Plan, including that portion attributable to Company contributions.
At December 31, 1993, there were 3,095 participants in the Plan.
Some of these participants have portions of their account balances
invested in more than one investment option. The following
presents the number of participants represented with account
balances in each investment option:
Campbell Soup Company Stock 3,039
Phoenix Growth Fund 273
Vanguard Windsor Fund 684
Contract Income Fund 382
Vanguard US Treasury Portfolio 65
Effective April 1, 1994 Fidelity Institutional Retirement Services
Company ("Fidelity") replaced State Street Bank and Trust Company,
the trustee, and SunGard, the recordkeeper, for the Campbell Soup
Company Savings and 401(k) Plan for Hourly-Paid Employees. In this
capacity, Fidelity will serve as recordkeeper, trustee, and
investment manager for the Plan's assets and will also provide most
employee communications for the Plan's participants. With the
exception of Campbell Soup Company stock, the Fidelity family of
mutual funds will replace all current investment options of this
Plan.
<PAGE>
<PAGE> 10 -- 401 (K) FOR HOURLY-PAID EMPLOYEES
CAMPBELL SOUP COMPANY SAVINGS AND 401(K) PLAN
FOR HOURLY-PAID EMPLOYEES
NOTES TO FINANCIAL STATEMENTS
December 31, 1993 and 1992
NOTE 3 - FEDERAL INCOME TAXES
The most recent tax determination letter received for the Plan is
dated October 10, 1990 indicating it is a qualified plan under
Section 401(a) of the Code. Accordingly, no provision has been
made for Federal or state income taxes. An updated tax
determination letter will be requested in 1994 to reflect the
transfer of recordkeeping, trustee, and investment management
services to Fidelity Institutional Retirement Services Company, as
discussed in Note 2. The Company has represented that the Plan has
been administered in accordance with all provisions of the Code and
the Employee Retirement Income Security Act of 1974 ("ERISA") and
will be amended and/or restated, as necessary, prior to December
31, 1994 to ensure that it remains in compliance with the current
laws.
NOTE 4 - UNREALIZED APPRECIATION (DEPRECIATION)
Unrealized appreciation (depreciation) of investments during the
years ended December 31, 1993 and 1992 is as follows:
<TABLE>
<CAPTION>
(000's omitted)
Phoenix Vanguard Campbell
Growth Windsor Soup Company
Fund Fund Stock Total
-----------------------------------------------------
<S> <C> <C> <C> <C>
December 31, 1991 $15 ($263) $16,250 $16,002
Unrealized appreciation (depreciation)
of investments during the year 6 270 (904) (628)
-----------------------------------------------------
December 31, 1992 21 7 15,346 15,374
Unrealized appreciation (depreciation)
of investments during the year 1 309 (1,364) (1,054)
-----------------------------------------------------
December 31, 1993 $22 $316 $13,982 $14,320
-----------------------------------------------------
</TABLE>
There is no unrealized appreciation (depreciation) in the Contract
Income Fund or the Vanguard U.S. Treasury Portfolio as these
investments are carried at cost.
<PAGE>
<PAGE> 11 -- 401 (K) FOR HOURLY-PAID EMPLOYEES
CAMPBELL SOUP COMPANY SAVINGS AND 401(K) PLAN
FOR HOURLY-PAID EMPLOYEES
NOTES TO FINANCIAL STATEMENTS
December 31, 1993 and 1992
NOTE 5 - BENEFIT OBLIGATIONS
The plan changed its method of accounting for benefit obligations
to participants during fiscal year 1992 to comply with recently
issued guidance for accounting and disclosure by employee benefit
plans. Net assets available for plan benefits at December 31, 1993
and December 31, 1992 have been increased by $510,000 and $264,000,
respectively. The 1993 benefit payments have been decreased by
$246,000 and the 1992 benefit payments have been increased by
$87,000 to reflect this change.
Benefit obligations for participants who have withdrawn a portion
or all of their accounts or were separated from the Plan are as
follows:
(000's Omitted)
December 31, 1993 December 31, 1992
----------------- -----------------
Campbell Soup Company Stock $453 $227
Phoenix Growth Fund 3 27
Vanguard Windsor Fund 7 1
Contract Income Fund 47 9
---- ----
$510 $264
Participant distributions payable are not presented as a liability
in the Statement of Net Assets Available for Plan Benefits or as
distributions in the Statement of Changes in Net Assets Available
for Plan Benefits. These benefit obligations are reflected as
liabilities in the Plan's Form 5500 for fiscal years 1993 and 1992.
NOTE 6 - SETTLEMENT OF THE EXECUTIVE LIFE INSURANCE COMPANY CONTRACT
On April 11, 1991, Executive Life Insurance Company ("Executive
Life") was placed into a court-supervised conservatorship in order
to protect the rights of policyholders and investors. In a letter
dated May 6, 1991, the Company informed all Plan participants that
it would guarantee the Executive Life obligation to the Contract
Income Fund. Accordingly, the Company purchased the Executive Life
investment contract in full from the Contract Income Fund of the
Plan on December 31, 1991. In January 1992, the Company paid the
Plan approximately $135,000 consisting of $128,000 of principal and
$7,000 of interest. As of December 31, 1993 and 1992, the Plan had
no amount invested with Executive Life. The Company applied to the
Department of Labor ("DOL") for a prohibited transaction exemption.
On June 11, 1992, DOL granted the exemption to the Plan in
accordance with Section 408(a) of ERISA.
<PAGE>
<PAGE> 12 -- 401 (K) FOR HOURLY-PAID EMPLOYEES
EXHIBIT 1
CAMPBELL SOUP COMPANY SAVINGS AND 401(K) PLAN
FOR HOURLY-PAID EMPLOYEES
Item 27a Form 5500
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
December 31, 1993
(000s omitted from dollar amounts)
<TABLE>
<CAPTION>
Principal amount or
number of Market
shares /units Cost value (a)
-----------------------------------------------------
<S> <C> <C> <C>
CAMPBELL SOUP COMPANY STOCK
Campbell Soup Co. Stock, $41.00/sh....... 804,285 shares $18,994 $32,976
State Street Bank Short-Term
Investment............................. 52,503 units 53 53
--------------------------
$19,047 $33,029
==========================
VANGUARD WINDSOR FUND
Windsor Fund, $13.91/sh.................. 318,566 shares $4,115 $4,431
State Street Bank Short-Term
Investment............................. 51,569 units 52 52
--------------------------
$4,167 $4,483
==========================
PHOENIX GROWTH FUND
Phoenix Growth Fund, $21.04/sh........... 33,892 shares $691 $713
State Street Bank Short-Term
Investment............................. 19,400 units 19 19
--------------------------
$710 $732
==========================
CONTRACT INCOME FUND (b) Final Maturity Yield
------------- ------
Guaranteed insurance contracts:
N.Y. Life 9/95 8.98% $148 $148
N.Y. Life 6/94 5.75% 93 93
Provident National 3/94 9.05% 61 61
Life of Virginia 1/94 8.82% 8 8
Principal Mutual 9/94 8.45% 5 5
John Hancock 9/95 7.67% 227 227
--------------------------
Total contracts.................... 542,106 units 542 542(c)
State Street Bank G-Short-Term
Investment Fund....................... 881,142 units 881 881
--------------------------
$1,423 $1,423
==========================
VANGUARD US TREASURY PORTFOLIO
Vanguard Money Market Reserve,
US Treasury Portfolio................. 68,906 units $69 $69
--------------------------
$69 $69
<FN> ==========================
(a) Market value of mutual fund shares is equal to the net asset value of the shares reported by the fund.
Market value is determined by the December 31, 1993 closing sales prices or, in the absence of recorded
sales, closing bid prices on the exchange on which the security is primarily traded or, if not traded on
the exchange, on the over-the-counter market.
(b) Individual contract cost is based on an allocation of the total Contract Income Fund portfolio balance between
the Plan and the Campbell Soup Company Savings and 401(k) Plan for Salaried Employees.
(c) Investment contracts are carried at cost which approximated the market value at December 31, 1993.
</TABLE>
<PAGE>
<PAGE> 13 -- 401 (K) FOR HOURLY-PAID EMPLOYEES
EXHIBIT 2
CAMPBELL SOUP COMPANY SAVINGS AND 401(K) PLAN
FOR HOURLY-PAID EMPLOYEES
Item 27d Form 5500
SCHEDULE OF REPORTABLE TRANSACTIONS
Year ended December 31, 1993
(series of transactions in excess of 5% of the current value of the Plan's
assets as of January 1, 1993 as defined in Section 2520.103-6 of the
Department of Labor Rules and Regulations for Reporting and Disclosure under
ERISA.)
<TABLE>
<CAPTION>
Current
Number Dollar Dollar Cost of value on Net gain
Number of of value of value of assets transaction or (loss) on
Party Involved Description purchases sales purchases sales sold date disposition
- -------------- ----------- --------- --------- --------- ---------- --------- ----------- -------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
State Street Bank Campbell Stock - Common 38 47 $5,499,087 $1,504,147 $1,556,060 $1,504,147 ($51,913)
State Street Bank Vanguard Windsor Fund 20 32 755,391 206,138 185,137 206,138 21,001
State Street Bank Phoenix Growth Fund 19 18 169,590 49,008 48,380 49,008 628
State Street Bank Contract Income Fund 12 30 54,600 358,146 358,146 358,146 0
State Street Bank Vanguard
U.S. Treasury Port. 32 5 39,038 2,805 2,805 2,805 0
State Street Bank Promissory Note Account 55 52 1,164,035 422,809 422,809 422,809 0
</TABLE>
<PAGE>
<PAGE> 14 -- 401 (K) FOR HOURLY-PAID EMPLOYEES
SIGNATURES
The Plan. Pursuant to the requirements of the
Securities Exchange Act of 1934, the Administrative
Committee has duly caused this annual report to be signed on
its behalf by the undersigned hereunto duly authorized.
CAMPBELL SOUP COMPANY SAVINGS
AND 401(k) PLAN FOR HOURLY-PAID
EMPLOYEES
By: /s/ Frank E. Weise, III
----------------------------------------
Frank E. Weise, III
Chairman of the Administrative Committee
Date: June 24, 1994
<PAGE>
<PAGE> 15 -- 401 (K) FOR HOURLY-PAID EMPLOYEES
INDEX OF EXHIBITS
Exhibit Page
------- ----
I - Consent of Independent Accountants 15
<PAGE>
<PAGE> 16 -- 401 (K) FOR HOURLY-PAID EMPLOYEES
Consent of Independent Accountants
We hereby consent to the incorporation by reference in the
Prospectus constituting part of the Registration Statement
on Form S-8 (No. 33-26444) of Campbell Soup Company of our
report dated April 15, 1994 appearing on page 2 of this Form
11-K.
PRICE WATERHOUSE
Philadelphia, PA 19103
June 23, 1994
<PAGE>
