Certain statements contained on this Site, including statements regarding events and financial trends that may affect our future operating results, financial position and cash flows, may constitute forward-looking statements within the meaning of the federal securities laws. These statements are based on our assumptions and estimates and are subject to risks and uncertainties. You can identify these forward-looking statements by the use of words like "strategy," "expects," "plans," "believes," "will," "estimates," "intends," "projects," "goals," "targets" and other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical or current facts. For these statements, we claim the protection of the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995.

Demand for our products is subject to intense competition, changes in consumer preferences and local economic conditions. In order to compete effectively against lower priced products in a consolidating environment at the retail and manufacturer levels, our results are dependent upon our continued ability to:

• promote our brands successfully;
• anticipate and respond to new consumer trends;
• develop new products and markets;
• broaden our brand portfolio;
• improve productivity; and
• respond to changing prices for our raw materials.

Our results are also dependent upon our ability to successfully integrate and derive cost savings from the integration of Nabisco's operations with ours. In addition, we are subject to the effects of foreign economies and currency movements. Developments in any of these areas could cause our results to differ materially from results that have been or may be projected.

We caution you that the above list of important factors is not exclusive. We refer you to filings that we have made with the U.S. Securities and Exchange Commission. They may discuss new or different factors that may cause actual results to differ materially from those forecast. All forward-looking information included on this Site speaks only as of the date the information is posted on the Site, and we do not undertake any obligation to update such information after it is posted or to remove such information from this Site if it is no longer accurate or complete.

STOCK QUOTE DISCLAIMER
The Kraft Foods stock price is delayed a minimum of twenty minutes, and is provided for informational purposes only and is not intended for trading purposes. Kraft Foods or its stock information provider shall not be liable for any inaccuracies or delays in the quote, or for any actions you might take in reliance thereon