Exhibit 99.1

For Release:  Immediate
Contact:      Thomas  G.  Granneman
              314/877-7730


                             RALCORP HOLDINGS, INC.
                   ENTERS INTO NEW THREE-YEAR CREDIT AGREEMENT

ST.  LOUIS,  MO,  OCTOBER  17,  2001  Ralcorp  Holdings,  Inc.  (NYSE:RAH) today
announced  that  on  October  16,  2001,  it  entered  into  a  new $275 million
three-year  Credit  Agreement  with a group of eight banks arranged by Bank One,
N.A.  and  Wachovia  Bank,  N.A.  The  Credit  Agreement  includes  an option to
increase  the  Facility  by  up  to $100 million.  The other participating banks
included:  U.S. Bank National Association as Documentation Agent, PNC Bank, N.A.
as  Documentation  Agent,  SunTrust  Bank as Documentation Agent, CoBank, ACB as
Lender,  Commerce  Bank,  N.A.  as  Lender, and Harris Trust and Savings Bank as
Lender.

The  new  Credit Agreement replaces the Company's existing two Credit Agreements
that  were  scheduled to expire in early 2002.  The Company can use the proceeds
from the Facility for general and working capital needs including repurchases of
its  stock  and  acquisitions  of  new  businesses.

Ralcorp  produces  a  variety  of  store  brand  foods  that  are sold under the
individual labels of various grocery, mass merchandise and drug store retailers.
Ralcorp's  diversified  product  mix  includes:  ready-to-eat  and  hot cereals,
crackers  and cookies, snack nuts, chocolate candy, salad dressings, mayonnaise,
peanut  butter,  jams  and  jellies,  syrups,  and various sauces.  In addition,
Ralcorp  holds  a  21.6  percent  interest in Vail Resorts, Inc. (NYSE:MTN), the
premier  mountain  resort  operator  in  North  America.

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NOTE:  Information  in  this  press release that includes information other than
historical  data  contains  forward-looking statements as defined by the Private
Securities  Litigation  Reform Act of 1995.  Any such forward-looking statements
are  made  based on information currently known and are subject to various risks
and  uncertainties  and  are  therefore  qualified  by  the Company's cautionary
statements contained in its filings with the Securities and Exchange Commission.