ACKNOWLEDGMENT FOR DEFERRAL
                                        OF
                      FISCAL YEAR 2001 INCENTIVE PLAN BONUS



     Energizer  Holdings,  Inc. and             acknowledge that, of the
                                   ------------                          -------
FY2001  Bonus  awarded to Participant under the Fiscal Year 2001 Incentive Bonus
Program, shall be deferred, effective November 15, 2001, as previously requested
by  Participant,  into  the  Measurement  Fund(s)  available under the Energizer
Holdings,  Inc.  Deferred  Compenstaion  Plan  (the  "Plan").

     Pursuant to Participant's request, the following amounts have been deferred
for  Participant  in  the  manner  set  forth  below:

(1)  ENERGIZER HOLDINGS, INC. COMMON STOCK MEASUREMENT FUND -

     (a)               in Energizer common stock equivalents and
          ------------
     (b)               in Energizer common stock equivalents,
          ------------
          representing the Company Matching Contribution (25% of amount listed
          in 1(a) above).

(2)  OTHER MEASUREMENT FUNDS - $0 in other Measurement Funds as previously
     selected by Participant.

     Participant's  deferral  as described hereunder is pursuant to the Plan and
is  Subject  in  all  respects  to  the  terms  and conditions of the Plan. THIS
AGREEMENT  SUPERCEDES  ANY  PREVIOUS  AGREEMENT FOR DEFERRAL OF 2001 ANNUAL CASH
BONUS.


ACKNOWLEDGED:                                       ENERGIZER HOLDINGS, INC.


                                                    By:
----------------------------                           --------------------
                                                       Peter Conrad
                                                       Vice President
                                                       Human Resources
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Date