News Release

ConAgra Foods Announces Details of Fiscal 2007 Second-Quarter Earnings Release and Conference Call

Dec 14, 2006, 5:06 AM EST

OMAHA, Neb.--(BUSINESS WIRE)--Dec. 14, 2006--ConAgra Foods, Inc. (NYSE: CAG), one of North America's leading packaged food companies, will report its fiscal 2007 second-quarter results on Thursday, Dec. 21, 2006. The news release will be issued at approximately 7:30 a.m. EST.

ConAgra Foods will host a conference call at 9:30 a.m. EST to discuss the results. Following the company's remarks, the call will include a question-and-answer session with the investment community. Domestic and international participants may access the conference call toll-free by dialing 1-800-819-9193 and 1-913-981-4911, respectively. No confirmation or pass code is needed. This conference call also can be accessed live on the Internet at www.conagrafoods.com/investors.

A rebroadcast of the conference call will be available after 1 p.m. EST. To access the digital replay, a pass code number will be required. Domestic participants should dial 1-888-203-1112 and international participants should dial 1-719-457-0820 and enter pass code 4798142. A rebroadcast also will be available on the company's Web site.

ConAgra Foods, Inc. (NYSE: CAG), is one of North America's leading packaged food companies, serving grocery retailers, as well as restaurants and other foodservice establishments. Popular ConAgra Foods consumer brands include: Banquet, Chef Boyardee, Egg Beaters, Healthy Choice, Hebrew National, Hunt's, Marie Callender's, Orville Redenbacher's, Reddi-wip, PAM, and many others.

CONTACT: ConAgra Foods, Inc.
MEDIA
Vice President, Corporate Affairs
Chris Kircher, 402-595-5392
or
ANALYSTS
Vice President, Investor Relations
Chris Klinefelter, 402-595-4154
www.conagrafoods.com

SOURCE: ConAgra Foods, Inc.