Omaha, Neb., March  22, 1995 -- ConAgra, Inc. (NYSE:   CAG) today
          announced that Stephen L. Key, executive vice president and chief
          financial  officer,  is  leaving  ConAgra  for  personal  reasons
          effective April 14,  1995.  Mr. Key  is taking a position  with a
          company on the East Coast of the U.S.

          Philip  B.  Fletcher,  ConAgra's  chairman  and  chief  executive
          officer, said,  "Steve Key  has been a  terrific CFO  and leader.
          I'm  very  disappointed  that he's  leaving  our  company, but  I
          understand his personal need to relocate.  On behalf of ConAgra's
          board and employees,  I extend heartfelt thanks to  Steve for his
          contributions to our  company and shareholders.  We  wish him all
          the best."

          Mr. Key said,  "This was an extremely difficult  decision for me.
          I care deeply for ConAgra.  It's a great company and  I had hoped
          to  be here  for many  more  years.   I'm very  grateful  to Phil
          Fletcher  and my ConAgra  associates for their  understanding and
          support."

          Kenneth W. DiFonzo,  vice president and controller,  continues as
          ConAgra's principal accounting officer.  James P. O'Donnell, vice
          president finance and treasurer, will assume responsibilities  as
          ConAgra's principal financial officer.  Both officers will report
          to  ConAgra's chief  executive  officer as  was  the case  before
          ConAgra  established  and  filled  the  chief  financial  officer
          position in January 1992 when Mr. Key joined the company.