Exhibit 99.1
June 20, 2003

                                                           FOR IMMEDIATE RELEASE
For more information, contact:
      Nick Kormeluk, Investor Relations
            208/395.6622
      Ertharin Cousin, Media Relations
            208/395.6477


             ALBERTSONS RESPONDS TO UNSOLICITED "MINI-TENDER" OFFER


     BOISE, ID- Albertsons (NYSE: ABS) announced today that it has been notified
of a  so-called  "mini-tender"  offer by TRC Capital to purchase up to 6 million
shares of its common  stock,  which  represents  less than two percent of shares
outstanding.  The Company noted the TRC's unsolicited offer of $18.85 per share
was more than four percent below the $19.75 per share closing price of its stock
on June 16, 2003, the day before the offer was commenced.

     Albertsons strongly recommends against tendering shares in response to this
unsolicited  offer and urges  stockholders  who are  considering  selling  their
shares in  response  to the  offer by TRC  should  acquire  the  current  market
quotations for their shares, consult with their financial advisors, and exercise
caution with respect to this unsolicited "mini-tender" offer.

     TRC Capital has made many such "mini-tender"  offers for its profit.  These
offers are  devised to seek less than five  percent of a  company's  outstanding
shares,  which limits oversight by the U.S.  Securities and Exchange  Commission
(SEC)  because  they are below the SEC's  threshold  to provide  disclosure  and
procedural  protections  for investors.  The SEC has issued an investor alert on
these  "mini-tender"  offers,  noting that in making the offers at  below-market
prices,  "bidders  are hoping  that they will catch  investors  off guard if the
investors  do not  compare  the  offer  price  to the  current  market  price."
Investors  are urged to consult with their  broker or financial  advisor on such
matters, and the SEC warns that investors should not assume that a premium over
                                     -MORE-

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Albertsons Responds to Unsolicited "Mini-Tender" Offer

the market price is being offered for their  shares.  This advisory may be found
on the SEC web site,  at  www.sec.gov/investor/pubs/minitend.htm.  The  Canadian
Securities  Administration  has also  issued  an  advisory  titled  "Mini-Tender
Offers- Watch Out for Mini-Tender Offers at Below Price!"
www.osc.gov.on.ca/en/About/NewsReleases/1999/nr_19990927_mini.htm.

     Albertsons  is one of the world's  largest  food and drug  retailers,  with
annual  revenues of  approximately  $36  billion.  Based in Boise,  Idaho,  the
Company  employs more than 200,000  employees and operates  approximately  2,300
retail stores in 31 states  across the United  States,  under banners  including
Albertsons, Jewel-Osco, Acme, Albertsons-Osco,  Albertsons-Sav-on, Sav-on Drugs,
Osco Drug, Max Foods, Super Saver.

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