ConAgra Foods Announces Details of Second-Quarter Earnings Release and Management's Discussion of Results

OMAHA, Neb., Dec. 9, 2003 - ConAgra Foods, Inc. (NYSE: CAG), home of many of America's favorite food brands, announced today that it will report its fiscal 2004 second-quarter earnings on Monday, Dec. 22, 2003. A news release will be made available over the wire at approximately 7:30 a.m. EST.

At 8:30 a.m. EST, there will be an update by ConAgra Foods management, which may be accessed by dialing toll-free at 1-877-447-8217 for domestic participants and at 1-706-679-0415 for international participants. No confirmation or pass code is needed. The discussion can also be accessed via the Internet at http://www.conagrafoods.com/investors. A digital replay of the discussion will be available after 9:30 a.m. EST at 1-800-642-1687 for domestic participants and at 1-706-645-9291 for international participants. A conference I.D. number will be required to access the digital replay. The conference I.D. number is 3626705.

ConAgra Foods, Inc. (NYSE: CAG) is one of North America's largest packaged food companies, serving consumer grocery retailers, as well as restaurants and other foodservice establishments. Popular ConAgra Foods consumer brands include: ACT II, Armour, Banquet, Blue Bonnet, Brown 'N Serve, Butterball, Chef Boyardee, Cook's, Crunch 'n Munch, DAVID, Decker, Eckrich, Egg Beaters, Fleischmann's, Gulden's, Healthy Choice, Hebrew National, Hunt's, Kid Cuisine, Knott's Berry Farm, La Choy, Lamb Weston, Libby's, Lightlife, Louis Kemp, Lunch Makers, MaMa Rosa's, Manwich, Marie Callender's, Orville Redenbacher's, PAM, Parkay, Pemmican, Peter Pan, Reddi-wip, Rosarita, Ro*Tel, Slim Jim, Snack Pack, Swiss Miss, Van Camp's, Wesson, Wolf, and many others. For more information, please visit us at www.conagrafoods.com.

For more information, contact:

MEDIA
Chris Kircher
Vice President, Communications
(402) 595-5392

ANALYSTS
Chris Klinefelter
Vice President, Investor Relations
(402) 595-4154