INTERNATIONAL HOME FOODS

International Home Foods is a leading North American manufacturer and marketer of a diversified, well-established portfolio of shelf-stable food products with popular brand names, including Chef Boyardee prepared foods, Bumble Bee premium canned seafood, PAM cooking spray, Polaner fruit spreads and spices and Gulden's mustard. In the United States, 11 of the Company's 14 principal branded product lines command the number one position in their defined markets. For the fiscal year ended December ... 31, 1996, these 11 branded product lines accounted for $863.2 million or 58.3% of the Company's aggregate net sales. Many of the Company's brands also command leading market positions in Canada, Mexico and Puerto Rico. The Company's portfolio of leading brands provides the Company with a strong presence in the United States as well as an attractive platform for continued international expansion. The Company's brand name business is complemented by growing food service and private label businesses and sales to the U.S. military.More