Today we filed our 3rd quarter 10-Q after  utilizing the 5-day grace period
to complete our tax analyses.  In the document  (specifically in Note 13 of Item
1, Part 1, as well as in the financial  information  discussed in Item 2 of Part
1) are the details of the tax matters we mentioned  in our  earnings  release on
March 24, 2005.

     We  encourage  you to read  the 10-Q  document  for all of the  details  we
disclosed. You might find the following highlights helpful:

     o In the press release on March 24, our  preliminary  third quarter diluted
EPS was $0.31.  As a result of final  adjustments to tax amounts,  third quarter
diluted EPS now rounds to $0.32.

     o In  the  third  quarter  earnings  release,  we  detailed  several  items
impacting EPS comparability.  At that point, those items rounded to a net impact
of $0.03 of expense per diluted share. Due to slight changes in taxes as well as
rounding, those items now net to $0.02 of expense per diluted share.

     o In the  press  release  on March 24, we  estimated  that the  restatement
correcting  the errors  would  increase  income tax expense in the range of $150
million - $200 million in aggregate,  principally in fiscal years 2003-2004.  As
reflected in the 10-Q filed today, the total amount of increased expense related
to tax  matters  from 2002  through  the first half of fiscal  2005 has now been
determined to be approximately $105 million. The most sizeable historical errors
were in the areas of capital loss carryforwards and foreign tax credits.

     o Additionally,  largely due to errors in deferred tax amounts,  there is a
$46 million  reduction  of income tax  expense for years prior to 2002.  Most of
this is reflected as an increase in retained earnings for fiscal 2000.

     o  There  have  been  minor  net  adjustments  to  selling,   general,  and
administrative  expenses,  and thus pre-tax  profits,  in fiscal 2004 and fiscal
2005.  These net  adjustments  reflect the correction of amounts  related to the
company's sale of its minority investment in Swift Foods.

     o Certain  restated  fiscal  year end  amounts  for  2001-2004,  as well as
certain restated  quarterly  information for fiscal 2004 and fiscal 2005, can be
found in the financial information in Item 2 of Part 1.

     o The company will file restated 10-Qs for the first and second quarters of
fiscal 2005 as soon as possible - those 10-Qs will provide comparable prior-year
information.  The company will also file a restated  fiscal 2004 10-K as soon as
possible,  which will contain  quarterly  EPS amounts for fiscal 2004 as well as
fiscal 2003.


     Thank you for your interest in our company.