News Release

ConAgra Foods Declares Quarterly Common Stock Dividend

OMAHA, Neb., April 8 /PRNewswire-FirstCall/ -- The board of directors of ConAgra Foods, Inc. (NYSE: CAG) has declared a quarterly common stock dividend of 24.75 cents per share. It will be paid on June 1, 2003, to stockholders of record on May 2, 2003. This will be the third quarterly dividend at the 24.75 cents rate.

ConAgra Foods, Inc. is one of North America's largest packaged food companies, serving consumer grocery as well as restaurant and foodservice establishments. Popular ConAgra Foods consumer brands include: Hunt's, Healthy Choice, Banquet, Armour, Bumble Bee, Louis Kemp, La Choy, Lunch Makers, Knott's Berry Farm, Wesson, Country Pride, Blue Bonnet, Kid Cuisine, Parkay, Reddi-wip, Marie Callender's, Cook's, Butterball, ACT II, Slim Jim, Eckrich, Chef Boyardee, Orville Redenbacher's, PAM, Snack Pack, Van Camp's, Peter Pan, Hebrew National, Gulden's, Pemmican, Swiss Miss, and many others. For more information, please visit us at .

SOURCE  ConAgra Foods, Inc.
    -0-                             04/08/2003
    /CONTACT:  media, Chris Kircher, Vice President, Communications,
+1-402-595-5392, or analysts, Chris Klinefelter, Vice President, Investor
Relations, +1-402-595-4154, both of ConAgra Foods, Inc./
    /Company News On-Call: /
    /Web site: /

CO:  ConAgra Foods, Inc.
ST:  Nebraska

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4830 04/08/2003 14:11 EDT