Exhibit 10.13 to General Mills, Inc. Form 10-K dated May 29, 2005






Exhibit 10.13  










GENERAL MILLS, INC. 




SUPPLEMENTAL BENEFITS
TRUST 




TRUST AGREEMENT 








          
This TRUST AGREEMENT is made as of September 26, 1988, is between General Mills, Inc. (the
“Grantor”) and Norwest Bank Minnesota, N.A. (the “Trustee”). 




          1.       
Purpose. The purpose of this trust (the “Trust”) is to provide
a vehicle to (a) hold assets of the Grantor as a reserve for the discharge of
the Grantor’s obligations to certain individuals (the
“Beneficiaries”) entitled to receive benefits under the General Mills,
Inc. Compensation Plan for Non-Employee Directors and the General Mills, Inc.
Retirement Plan for Non-Employee Directors and any other plan of deferred
compensation that the Grantor so designates in writing to the Trustee (the
“Plans”), and (b) invest, reinvest, disburse and distribute those
assets and the earnings thereon as provided hereunder and in the Plans. 




          2.       
Trust Corpus. The Grantor hereby transfers to the Trustee and the Trustee
hereby accepts and agrees to hold, in trust, the sum of Ten Dollars ($10.00)
plus such cash and/or property, if any, transferred to the Trustee by the
Grantor or on behalf of the Grantor pursuant to obligations incurred under any
or all of the Plans and the earnings thereon, and such cash and/or property,
together with the earnings thereon and together with any other cash or property
received by the Trustee pursuant to Section 8(a) of this Trust Agreement, shall
constitute the trust estate and shall be held, managed and distributed as
hereinafter provided. The Grantor shall execute any and all instruments
necessary to vest the Trustee with full title to the property hereby
transferred. 




          3.       
Grantor Trust. The Trust is intended to be a trust of which the Grantor
is treated as the owner for federal income tax purposes in accordance with the 











 
















provisions of Sections 671 through 679 of the Internal Revenue Code of 1986, as
amended (the “Code”). If the Trustee, in its sole discretion, deems it
necessary or advisable for the Grantor and/or the Trustee to undertake or
refrain from undertaking any actions (including, but not limited to, making or
refraining from making any elections or filings) in order to ensure that the
Grantor is at all times treated as the owner of the Trust for federal income tax
purposes, the Grantor and/or the Trustee will undertake or refrain from
undertaking (as the case may be) such actions. The Grantor hereby irrevocably
authorizes the Trustee to be its attorney-in-fact for the purpose of performing
any act which the Trustee, in its sole discretion, deems necessary or advisable
in order to accomplish the purposes and the intent of this Section 3. The
Trustee shall be fully protected in acting or refraining from acting in
accordance with the provisions of this Section 3. 




          4.       
Irrevocability of Trust. The Trust shall be irrevocable and may not be
altered or amended in any substantive respect, or revoked or terminated by the
Grantor in whole or in part, without the express written consent of a majority
of the Beneficiaries of the Trust; provided, however, that the Trust may be
amended, as may be necessary either (i) to obtain a favorable ruling from the
Internal Revenue Service with respect to the tax consequences of the
establishment and settlement of the Trust, or (ii) to make nonsubstantive
changes, which have no effect upon the amount of any Beneficiary’s
benefits, the time of receipt of benefits, the identity of any recipient of
benefits, or the reversion of any assets to the Grantor prior to the
Trustee’s satisfaction of all the Trustee’s obligations hereunder;
provided, further, that in the event of a “Change of Control” as
defined in Section 2.2 of the General Mills, Inc. Retirement Plan for
Non-Employee Directors (hereinafter referred to as a “Change in
Control”), the Trust may not be altered or amended in any substantive
respect, or revoked or terminated by the Grantor’s successor unless a
majority of the 










-2-















Beneficiaries, determined as of the day before such Change in
Control, agree in writing to such an alteration, amendment, revocation or
termination. 




          5.       
Investment of Trust Assets. 



                    (a)       
Subject to the provisions of paragraph (b) below, until the Trustee has
distributed all of the assets of the Trust in accordance with the terms hereof,
the Trustee shall invest and reinvest such assets (without regard to any state
law limiting the investment powers of fiduciaries) in such securities and other
property as the Trustee deems advisable, considering the probable income
(including capital appreciation potential) from any such investment, the
probable safety of the assets of the Trust and, where appropriate, the rate of
return at which the assets would have been invested on behalf of each
Beneficiary under any applicable qualified defined contribution plan maintained
by the Grantor. Within the limitations of the foregoing, the Trustee is
specifically authorized to acquire, for cash or on credit, every kind of
property, real, personal or mixed, and to make every kind of investment,
specifically including, but not limited to, corporate and governmental
obligations of every kind, preferred or common stocks, securities of any
regulated investment company or trust, interests in common trust funds now or
hereafter established by a corporate trustee, and property in which the Trustee
owns an undivided interest in any other trust capacity. The Trustee is expressly
authorized and empowered to purchase such insurance in its own name (and with
itself as the beneficiary) as it shall determine to be necessary or advisable to
advance best the purposes of the Trust and the interests of the Beneficiaries. 



                    (b)       
The Trustee shall invest and reinvest the assets of the Trust in accordance with
such investment objectives, guidelines, restrictions or directions as the
Grantor may furnish to the Trustee at the time of the execution of the Trust or
at any later date; provided, however, that if there is a Change in Control the
Trust’s investment objectives, guidelines, restrictions or directions may
not be changed by the 











-3-















Grantor’s successor unless a majority of the
Beneficiaries, determined as of the day before such Change in Control, agree, in
writing, to such a change. 




          6.       
Distribution of Trust Assets. 



                    (a)       
Subject to the provisions of paragraph (b) below, at such time as a Beneficiary
is entitled to a payment under any of the Plans, he shall be entitled to receive
from the Trust (i) an amount in cash equal to the amount to which he is entitled
under the Plan or Plans at such time, less (ii) any payments previously made to
him by the Grantor with respect to such amount pursuant to the terms of the
Plans. The commencement of payments from the Trust shall be conditioned on the
Trustee’s prior receipt of a written instrument from the Beneficiary in a
form satisfactory to the Trustee containing representations as to (A) the amount
to which the Beneficiary is entitled under the Plans, (B) the fact that he has
requested the payment of such amount from the Grantor pursuant to the terms of
the Plans, (C) the amount, if any, he has received from the Grantor under the
Plans with respect to such amount, and (D) the amount to be paid him by the
Trust (i.e., the difference between (A) and (C) above). All payments to a
Beneficiary from the Trust shall be made in accordance with the provisions of
the applicable Plan. The Trustee shall be fully protected in making any payment
in accordance with the provisions of this paragraph. 



                    (b)       
The Trustee shall make or commence payment to the Beneficiary in accordance with
his representations not later than 30 business days after its receipt thereof;
provided, however, that before the Trustee makes or commences any such payment
and not later than 7 business days after its receipt of the Beneficiary’s
representations, the Trustee shall request in writing the Grantor’s
agreement that the Beneficiary’s representations are accurate with respect
to the amount, fact, and time of payment to him. The Trustee shall enclose with
such request a copy of the Beneficiary’s representations and written advice
to the Grantor that it must respond to the Trustee’s request on or before
the 20th business day (which date shall be set forth 











-4-















in such written advice)
after the Beneficiary furnished such representations to the Trustee. If the
Grantor, in a writing delivered to the Trustee, agrees with the
Beneficiary’s representations in all respects, or if the Grantor does not
respond to the Trustee’s request by the 20th day deadline, the Trustee
shall make payment in accordance with the Beneficiary’s representations. If
the Grantor advises the Trustee in writing on or before the 20th day deadline
that it does not agree with any or all of the Beneficiary’s
representations, the Trustee immediately shall take whatever steps it in its
sole discretion, deems appropriate, including, but not limited to, a review of
any notice furnished by the Grantor pursuant to paragraph (e) hereof, to attempt
to resolve the difference(s) between the Grantor and the Beneficiary. If,
however, the Trustee is unable to resolve such difference(s) to its satisfaction
within 60 business days after its receipt of the Beneficiary’s
representations, the Trustee shall make payment at such time and in such form
and manner as is allowed under the Plans as of the date first stated above and
as the Trustee, in its sole discretion, selects. The Trustee shall be fully
protected in making or refraining from making any payment in accordance with the
provisions of this paragraph. 



                    (c)       
Notwithstanding any other provision of the Trust Agreement to the contrary, the
Trustee shall make payments hereunder before such payments are otherwise due if
it determines, based on a change in the tax or revenue laws of the United States
of America, a published ruling or similar announcement issued by the Internal
Revenue Service, a regulation issued by the Secretary of the Treasury or his
delegate, or a decision by a court of competent jurisdiction involving a
Beneficiary, or a closing agreement made under Code Section 7121 that is
approved by the Internal Revenue Service and involves a Beneficiary, that a
Beneficiary has recognized or will recognize income for federal income tax
purposes with respect to amounts that are or will be payable to him under the
Plans before they are paid to him. 








-5-

















                    (d)       
Unless (contemporaneously with his submission of the written instrument referred
to in paragraph (a) hereof) a Beneficiary furnishes documentation in form and
substance satisfactory to the Trustee that no withholding is required with
respect to a payment to be made to him from the Trust, the Trustee may deduct
from any such payment any federal, state or local taxes required by law to be
withheld by the Trustee. 



                    (e)       
The Trustee shall provide the Grantor with written confirmation of the fact and
time of any commencement of payments hereunder within 10 business days after any
payments commence to a beneficiary. The Grantor shall notify the Trustee in the
same manner of any payments it commences to make to a Beneficiary pursuant to
the Plans. 



                    (f)       
The Trustee shall be fully protected in making or refraining from making any
payment or any calculations in accordance with the provisions of this Section 6. 




          7.       
Termination of the Trust and Reversion of Trust Assets. The Trust shall
terminate upon the first to occur of (i) the payment by the Grantor of all
amounts due the Beneficiaries under each of the Plans and the receipt by the
Trustee of a valid release to that effect from each of the Beneficiaries with
respect to payments made to him, or (ii) the twenty-first anniversary of the
death of the last survivor of the Beneficiaries who are in being on the date of
the execution of this Trust Agreement. Upon termination of the Trust, any and
all assets remaining in the Trust, after the payment to the Beneficiaries of all
amounts to which they are entitled and after payment of the expenses and
compensation in Sections 10 and 15(i) of this Trust Agreement, shall revert to
the Grantor and the Trustee shall promptly take such action as shall be
necessary to transfer any such assets to the Grantor. Notwithstanding the above,
the Grantor shall be obligated to take whatever steps are necessary to ensure
that the Trust is not terminated for a period of five (5) years following a
Change in 











-6-















Control as of the date of the execution of this Trust Agreement, such
steps to include, but not being limited to, the transfer to the Trustee of cash
or other assets pursuant to the provisions of Section 8(a) hereof. 





           8.       Powers
of the Trustee. To carry out the purposes of the Trust and subject to any limitations herein expressed, the Trustee is vested
with the following powers until final distribution, in addition to any now or hereafter conferred by law affecting the trust or
estate created hereunder. In exercising such powers, the Trustee shall act in a manner reasonable and equitable in view of the
interests of the Beneficiaries and in a manner in which persons of ordinary prudence, diligence, discretion and judgment would act
in the management of their own affairs. 



	  	  	(a) 	Receive and Retain Property. To receive and retain any property received
at the inception of the Trust or at any other time, whether or not such property is unproductive of income or is property in which
the Trustee is personally interested or in which the Trustee owns an undivided interest in any other trust capacity. 






	  	  	(b) 	Dispose of, Develop, and Abandon Assets. To dispose of an asset, for cash
or on credit, at public or private sale and, in connection with any sale or
disposition, to give such warranties and indemnifications as the Trustee shall
determine; to manage, develop, improve, exchange, partition, change the
character of or abandon a Trust asset or any interest therein. 






	  	  	(c) 	Borrow and Encumber. To borrow money for any Trust purpose upon such
terms and conditions as may be determined by the Trustee; to obligate the Trust
or any part thereof by mortgage, deed of trust, pledge or otherwise, for a term
within or extending beyond the term of the Trust. 






	  	  	(d) 	Lease. To enter for any purpose into a lease as lessor or lessee, with or
without an option to purchase or renew, for a term. 

















-7-















	  	  	(e) 	Grant or Acquire Options. To grant or acquire options and rights of first
refusal involving the sale or purchase of any Trust assets, including the power
to write covered call options listed on any securities exchange. 






	  	  	(f) 	Powers Respecting Securities. To have all the rights, powers, privileges
and responsibilities of an owner of securities, including, without limiting the
foregoing, the power to vote, to give general or limited proxies, to pay calls,
assessments, and other sums; to assent to, or to oppose, corporate sales or
other acts; to participate in, or to oppose, any voting trusts, pooling
agreements, foreclosures, reorganizations, consolidations, mergers and
liquidations, and, in connection therewith, to give warranties and
indemnifications and to deposit securities with and transfer title to any
protective or other committee; to exchange, exercise or sell stock subscription
or conversion rights; and, regardless of any limitations elsewhere in this
instrument relative to investments by the Trustee, to accept and retain as an
investment hereunder any securities received through the exercise of any of the
foregoing powers. 






	  	  	(g) 	Use of Nominee. To hold securities or other property in the name of the
Trustee, in the name of a nominee of the Trustee, or in the name of a custodian
(or its nominee) selected by the Trustee, with or without disclosure of the
Trust, the Trustee being responsible for the acts of such custodian or nominee
affecting such property. 






	  	  	(h) 	Advance Money. To advance money for the protection of the Trust, and for
all expenses, losses and liabilities sustained or incurred in the administration
of the Trust or because of the holding or ownership of any Trust assets, for
which advances, with interest, the Trustee has a lien on the Trust assets as
against the Beneficiaries. 











-8-














	  	  	(i) 	Pay, Contest or Settle Claims. To pay, contest or settle any claim by or
against the Trust by compromise, arbitration or otherwise; to release, in whole
or in part, any claim belonging to the Trust to the extent that the claim is
uncollectible. Notwithstanding the foregoing, the Trustee may only pay or settle
a claim asserted against the Trust by the Grantor if it is compelled to do so by
a final order of a court of competent jurisdiction. 






	  	  	(j) 	Litigate. To prosecute or defend actions, claims or proceedings for the
protection of Trust assets and of the Trustee in the performance of its duties. 






	  	  	(k) 	Employ Advisers and Agents. To employ persons, corporations or
associations, including attorneys, auditors, investment advisers or agents, even
if they are associated with the Trustee, to advise or assist the Trustee in the
performance of its administrative duties; to act without independent
investigation upon their recommendations. 






	  	  	(l) 	Use Custodian. If no bank or trust company is acting as Trustee
hereunder, the Trustee shall appoint a bank or trust company to act as custodian
(the “Custodian”) for securities and any other Trust assets. Any such
appointment shall terminate when a bank or trust company begins to serve as
Trustee hereunder. The Custodian shall keep the deposited property, collect and
receive the income and principal, and hold, invest, disburse or otherwise
dispose of the property or its proceeds (specifically including selling and
purchasing securities, and delivering securities sold and receiving securities
purchased) upon the order of the Trustee. 






	  	  	(m) 	Execute Documents. To execute and deliver all instruments which will
accomplish or facilitate the exercise of the powers vested in the Trustee. 






	  	  	(n) 	Grant of Powers Limited. The Trustee is expressly prohibited from
exercising any powers vested in it primarily for the benefit of the Grantor











-9-
















	  	  	  	rather than for the benefit of the Beneficiaries. The Trustee shall not have the
power to purchase, exchange, or otherwise deal with or dispose of the assets of
the Trust for less than adequate and full consideration in money or money’s
worth. 







	  	  	(o) 	Deposit Assets. To deposit Trust assets in commercial, savings or savings
and loan accounts (including such accounts in a corporate Trustee’s banking
department) and to keep such portion of the Trust assets in cash or cash
balances as the Trustee may, from time to time, deem to be in the best interests
of the Trust, without liability for interest thereon. 





          9.       
Resignation of Trustee and Appointment of Successor Trustee. Each Trustee
shall have the right to resign upon 30 days’ written notice to the Grantor,
during which time the Grantor shall appoint a “Qualified Successor
Trustee.” If no Qualified Successor Trustee accepts such appointment, the
resigning Trustee shall petition a court of competent jurisdiction for the
appointment of a “Qualified Successor Trustee.” For this purpose, a
“Qualified Successor Trustee” may be an individual or a corporation
but may not be the Grantor, any person who would be a “related or
subordinate party” to the Grantor within the meaning of Section 672(c) of
the Code or a corporation that would be a member of an “affiliated
group” of corporations including the Grantor within the meaning of Section
1504(a) of the Code if the words “80 percent” wherever they appear in
that section were replaced by the words “50 percent.” Upon the written
acceptance by the Qualified Successor Trustee of the trust and upon approval of
the resigning Trustee’s final account by those entitled thereto, the
resigning Trustee shall be discharged. 




          10.       
Trustee Compensation. The Trustee shall be entitled to receive as
compensation for its services hereunder the compensation (a) as negotiated and
agreed to by the Grantor and the Trustee, or (b) if not negotiated or if the
parties are unable to reach agreement, as allowed a trustee under the laws of
the State of 







-10-













Minnesota in effect at the time such compensation is payable. Such
compensation shall be paid by the Grantor; provided, however, that to the extent
such compensation is not paid by the Grantor, subject to the provisions of
Section 15(i) hereof, it shall be charged against and paid from the Trust and
the Grantor shall reimburse the Trust for any such payment made from the Trust
within 30 days of its receipt from the Trustee of written notice of such
payment. 




          11.       
Trustee’s Consent to Act and Indemnification of the Trustee. The
Trustee hereby grants and consents to act as Trustee hereunder. The Grantor
agrees to indemnify the Trustee and hold it harmless from and against all
claims, liabilities, legal fees and expenses that may be asserted against it,
otherwise than on account of the Trustee’s own negligence or willful
misconduct (as found by a final judgment of a court of competent jurisdiction)
by reason of the Trustee’s taking or refraining from taking any action in
connection with the Trust, whether or not the Trustee is a party to a legal
proceeding or otherwise. 






          12.       
Prohibition Against Assignment. No Beneficiary shall have any preferred
claim on, or any beneficial ownership interest in, any assets of the Trust
before such assets are paid to the Beneficiary as provided in Section 6, and all
rights created under the Trust and the Plans shall be unsecured contractual
rights of the Beneficiary against the Grantor. No part of, or claim against, the
assets of the Trust may be assigned, anticipated, alienated, encumbered,
garnished, attached or in any other manner disposed of by any of the
Beneficiaries, and no such part or claim shall be subject to any legal process
or claims of creditors of any of the Beneficiaries. 






          13.       
Annual Accounting. The Trustee shall keep accurate and detailed accounts
of all investments, receipts and disbursements and other transactions hereunder,
and, within ninety days following the close of each calendar year, and within
ninety days after the Trustee’s resignation or termination of the Trust as
provided herein, the Trustee shall render a written account of its
administration of the Trust to the Grantor 







-11-













by submitting a record of receipts,
investments, disbursements, distributions, gains, losses, assets on hand at the
end of the accounting period and other pertinent information, including a
description of all securities and investments purchased and sold during such
calendar year. Written approval of an account shall, as to all matters shown in
the account, be binding upon the Grantor and shall forever release and discharge
the Trustee from any liability or accountability. The Grantor will be deemed to
have given his written approval if he does not object in writing to the Trustee
within one hundred and twenty days after the date of receipt of such account
from the Trustee. The Trustee shall be entitled at any time to institute an
action in a court of competent jurisdiction for a judicial settlement of its
account. 




          14.       
Notices. Any notice or instructions required under any of the provisions
of this Trust Agreement shall be deemed effectively given only if such notice is
in writing and is delivered personally or by certified or registered mail,
return receipt requested and postage prepaid, addressed to the addresses as set
forth below of the parties hereto. The address of the parties are as follows: 







	(i) 	  	The
Grantor:


General Mills, Inc.

Post Office Box 1113

Number One General Mills Boulevard

Minneapolis, MN 55440

Attention: Treasurer










	(ii) 	  	The
Trustee:


Norwest Bank Minnesota, N.A.

6th and Marquette Avenue

Minneapolis, MN 55479-0069

Attention: Administrative Officer










The Grantor or Trustee may at any
time change the address to which notices are to be sent to it by giving written notice
thereof in the manner provided above. 





-12-













          15.       
Miscellaneous Provisions. 



                      (a)       
This Trust Agreement shall be governed by and construed in accordance with the
laws of the State of Minnesota applicable to contracts made and to be performed
therein and the Trustee shall not be required to account in any court other than
one of the courts of such state. 



                      (b)       
All section headings herein have been inserted for convenience of reference only
and shall in no way modify, restrict or affect the meaning or interpretation of
any of the terms or provisions of this Trust Agreement. 



                      (c)       
This Trust Agreement is intended as a complete and exclusive statement of the
agreement of the parties hereto, supersedes all previous agreements or
understandings among them and may not be modified or terminated orally.



                      (d)       
The term “Trustee” shall include any successor Trustee. 



                      (e)       
If a Trustee or Custodian hereunder is a bank or trust company, any corporation
resulting from any merger, consolidation or conversion to which such bank or
trust company may be a party, or any corporation otherwise succeeding generally
to all or substantially all of the assets or business of such bank or trust
company, shall be the successor to it as Trustee or custodian hereunder, as the
case may be without the execution of any instrument or any further action on the
part of any party hereto. 



                      (f)       
If any provision of this Trust Agreement shall be invalid and unenforceable, the
remaining provisions hereof shall subsist and be carried into effect. 



                      (g)       
The Plans are by this reference expressly incorporated herein and made a part
hereof with the same force and effect as if fully set forth at length. As of the
date first stated above, the terms of the Plans are as set forth in Exhibit A
attached hereto. 



                      (h)       
The assets of the Trust shall be subject only to the claims of the
Grantor’s general creditors in the event of the Grantor’s bankruptcy
or insolvency. The Grantor shall be considered “bankrupt” or
“insolvent” if the Grantor is (A) unable to






-13-













 pay its debts when due or
(B) engaged as a debtor in a proceeding under the Bankruptcy Code, 11 U.S.C.
Section 101 et seq. The Board of Directors and the chief executive officer of
the Grantor must notify the Trustee of the Grantor’s bankruptcy or
insolvency within three (3) days following the occurrence of such event. Upon
receipt of such a notice, or, upon receipt of a written allegation from a person
or entity claiming to be a creditor of the Grantor that the Grantor is bankrupt
or insolvent, the Trustee shall discontinue payments to Beneficiaries. The
Trustee shall, as soon as practicable after receipt of such notice or written
allegation, determine whether the Grantor is bankrupt or insolvent. If the
Trustee determines, based on such notice, written allegation, or such other
information as it deems appropriate, that the Grantor is bankrupt or insolvent,
the Trustee shall hold the assets of the Trust for the benefit of the
Grantor’s general creditors, and deliver any undistributed assets to
satisfy the claims of such creditors as a court of competent jurisdiction may
direct. The Trustee shall resume payments to Beneficiaries only after it has
determined that the Grantor is not bankrupt or insolvent, is no longer bankrupt
or insolvent (if the Trustee determined that the Grantor was bankrupt or
insolvent), pursuant to an order of a court of competent jurisdiction. Unless
the Trustee has actual knowledge of the Grantor’s bankruptcy or insolvency,
the Trustee shall have no duty to inquire whether the Grantor is bankrupt or
insolvent. The Trustee may in all events rely on such evidence concerning the
Grantor’s solvency as may be furnished to the Trustee which will give the
Trustee a reasonable basis for making a determination concerning the
Grantor’s solvency. 




        If
the Trustee discontinues payment of benefits from the Trust pursuant to this Section 15(h)
and subsequently resumes such payments, the first payment following such discontinuance
shall include the aggregate amount of all payments which would have been made to each
Beneficiary (together with interest) during the period of such discontinuance, less the
aggregate amount of payments made to the 






-14-













Beneficiary by the Grantor in lieu of the
payments provided for hereunder during any such period of discontinuance. 



                      (i)       
Any and all taxes, expenses (including, but not limited to, the Trustee’s
compensation) and costs of litigation relating to or concerning the adoption,
administration and termination of the Trust shall be borne and promptly paid by
the Grantor; provided, however, that, to the extent such taxes, expenses and
costs relating to the Trust are due and owing and (A) are not paid by the
Grantor, and (B) do not in the aggregate exceed $1,000, they shall be charged
against and paid from the Trust, and the Grantor shall reimburse the Trust for
any such payment made from the Trust within 30 days of its receipt from the
Trustee of written notice of such payment. 



                      (j)       
Any reference hereunder to a Beneficiary shall expressly be deemed to include,
where relevant, the beneficiaries of a Beneficiary duly appointed under the
terms of the Plans. A Beneficiary shall cease to have such status once any and
all amounts due such Beneficiary under the Plan have been satisfied. 



                      (k)       
Any reference hereunder to the Grantor shall expressly be deemed to include the
Grantor’s successor and assigns. 



                      (l)       
Whenever used herein, and to the extent appropriate, the masculine, feminine or
neuter gender shall include the other two genders, the singular shall include
the plural and the plural shall include the singular. 













-15-














          IN WITNESS
WHEREOF, the parties hereto have executed this TRUST AGREEMENT as of this 26th day of September, 1988. 



	 	GRANTOR:
	 
	 	GENERAL MILLS, INC.
	 
	Attest:
	 
	/s/ Ivy S. Bernhardson	By: /s/ C. L. Whitehill
	Name: Ivy S. Bernhardson	Name: C. L. Whitehill
	Title: Assistant Secretary	Title: Senior Vice President
	 
	 	TRUSTEE:
	 
	 	NORWEST BANK MINNESOTA, N.A.
	Attest:	 
	 
	/s/ Gary R. Porter	By: /s/ Jill Greene
	Name: Gary R. Porter	Name: Jill Greene
	Title: Vice President	Title: Assistant Vice President














-16-