Filed by Dreyer's Grand Ice Cream, Inc.
                           Pursuant to Rule 425 under the Securities Act of 1933
                                        and deemed filed pursuant to Rule 14a-12
                                          of the Securities Exchange Act of 1934

                                             Subject Company: New Dreyer's, Inc.
                                              Commission File Number: 333-101052

On November 27, 2002, Dreyer's Grand Ice Cream, Inc. issued the following
press release:

                    DREYER'S GRAND ICE CREAM, INC. ANNOUNCES
               THE FILING OF AMENDMENT 1 TO FORM S-4 REGISTRATION
                        STATEMENT FOR NESTLE TRANSACTION

(Oakland, CA, November 27, 2002) - Dreyer's Grand Ice Cream, Inc. (NNM: DRYR)
(Dreyer's) announced today that New December, Inc., a wholly-owned subsidiary of
Dreyer's, has filed Amendment 1 to its Form S-4 Registration Statement filed
with the Securities and Exchange Commission (SEC) in connection with the
proposed transactions among Dreyer's, Nestle Ice Cream Company, LLC (NICC), and
Nestle Holdings, Inc. (Nestle) to include the third quarter financial results of
Dreyer's and NICC. Upon completion of the transactions, Nestle will contribute
100% of NICC in exchange for approximately 55 million shares of New December,
Inc. and the new holding company will hold both Dreyer's and NICC. Dreyer's
common stock held by the public will be exchanged for a new share of stock of
the new holding company that will permit its holders to sell some or all of
their shares to the holding company for $83 during specified periods in the
future and be subject to redemption by the holding company at the request of
Nestle at $88 per share during a specified period in the future. The
transactions will result in Nestle owning approximately 67 percent of Dreyer's
outstanding shares.

Dreyer's manufactures and distributes ice cream and other frozen dessert
products. The company's products are marketed under the Dreyer's brand name
throughout the western states and Texas, and under the Edy's(R) name throughout
the remainder of the United States. Dreyer's (together with Edy's) is the best
selling brand of packaged ice cream in the country. Internationally, the
Dreyer's brand extends to select markets in the Far East and the Edy's brand to
the Caribbean and South America. Brands currently manufactured and distributed
by Dreyer's include Grand, Grand Light(R), Homemade, Dreamery(R), Whole
Fruit(TM) Sorbet, M&M/Mars, Starbucks(R), Godiva(R) and Healthy Choice(R). For
more information on the company, please visit www.dreyersinc.com.
                                              ------------------

Edy's, the Dreyer's and Edy's logo design, Dreamery, Grand Light, Homemade,
Whole Fruit, are all trademarks or tradenames of Dreyer's Grand Ice Cream, Inc.
All other trademarks and tradenames are owned by their respective companies. (C)
2002 by Dreyer's Grand Ice Cream, Inc. All rights reserved.

                                           * * *
This press release contains forward-looking statements within the meaning of
the"safe harbor" provisions of the Private Securities Litigation Reform Act of
1995. These statements are based on management's current expectations or beliefs
and are subject to a number of factors and uncertainties, some of which are
contained in filings made by Dreyer's Grand Ice Cream, Inc. ("Dreyer's") with
the Securities and Exchange Commission ("SEC"), that could cause actual results
to differ materially from those described in the forward-looking statements.



INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS
REGARDING THE BUSINESS COMBINATION TRANSACTION REFERENCED IN THE FOREGOING
INFORMATION BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION.

Investors and security holders may obtain a free copy of the proxy
statement/prospectus filed by New December, Inc. with the SEC and other
documents filed by Dreyer's with the SEC at the SEC's web site at www.sec.gov.
The proxy statement/prospectus and these other documents may also be obtained
free of charge from Dreyer's by directing a request to 5929 College Avenue,
Oakland, California 94618, Attn: Investor Relations.

Dreyer's and its officers and directors may be deemed to be participants in the
solicitation of proxies from Dreyer's shareholders with respect to these
transactions. Information regarding such officers and directors is included in
Dreyer's proxy statement for its 2002 annual meeting of shareholders filed with
the SEC on April 8, 2002. This document is available free of charge at the SEC's
web site at www.sec.gov or from Dreyer's as described above.