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To: John Pitera who wrote (104394)	5/23/2001 10:44:24 PM
From: Mark Adams	Read Replies (1) \| Respond to of 436258

ConAgra Foods Will Restate Financials Based on Audit Committee Investigation Of Its UAP Subsidiary OMAHA, Neb., May 23 /PRNewswire/ -- ConAgra Foods, Inc. (NYSE: CAG) today announced that accounting and conduct matters at its United Agri Products Companies (UAP) subsidiary during fiscal years 1999 and 2000 will result in the restatement of the Company's financial results for those years. Certain accounting adjustments will also result in a restatement for fiscal 1998. The restatement will reduce revenues and earnings in fiscal years 1998, 1999 and 2000, and will increase revenues and earnings in fiscal 2001. UAP, which distributes seed, fertilizer and agricultural chemicals to agricultural growers, is one of three businesses in ConAgra Foods' agricultural products reporting segment and represented approximately 9% of ConAgra Foods' operating profit for the fiscal years 1998, 1999 and 2000. The restatement is based upon the preliminary results of an investigation undertaken by ConAgra Foods and the Audit Committee of its Board of Directors. That investigation, and an informal inquiry by the staff of the Securities and Exchange Commission, are continuing.

To: John Pitera who wrote (104394)	5/23/2001 10:48:29 PM
From: Mark Adams	Read Replies (3) \| Respond to of 436258

FX ALERT: EUR/USD, AUD/USD fall driven by large US hedge fund Sydney--1033 JT/0133 GMT--May 24 Tel: +612-9375-5134 A large U.S. hedge fund drove AUD/USD down through major support at 0.5150 to a low of 0.5113. The same fund was also selling EUR/USD. There is a large U.S. bank selling EUR/JPY. A break of 102.00 has triggered stops taking USD/JPY to major Fibonacci support at 119.25. BridgeNews FX ALERT: EUR/USD extends overnight fall on US selling out of Asia Sydney--0941 JT/0041 GMT--May 24 Tel: +612-9375-5134 EUR/USD has extended overnight losses with a fall from an early high of 0.8573 to a low so far of 0.8531. Dealers have seen some aggressive selling from a large U.S. bank out of Singapore. Sentiment is increasingly bearish after the lower-than-expected German and French GDP data and higher-than-expected German CPI data released overnight. The collapse in EUR/JPY also has dealers worried. However, despite the general reluctance to buy euro, 0.8530 is a major technical support (pivot level from late 2000 and channel support parallel to 0.9580 downtrend). With the market thinning out for Ascension day and central bank intervention a risk, shorts should be looking to take some profit. If 0.8530 does break, option triggers at 0.8500 may be activated and a fall to 0.8460 and 0.8420 may ensue, but this is not the favored view. BridgeNews