SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED] For the fiscal year ended December 31, 1995 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] For the transition period from _____________ to ___________ Commission file number 33-34149 A. Full title of the plan and the address of the plan, if different from that of the issuer named below: Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: Bob Evans Farms, Inc. 3776 South High Street Columbus, Ohio 43207 Exhibit Index on Page 20 REQUIRED INFORMATION The following financial statements and schedules for the Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan are being filed herewith: Description Page No. Report of Independent Auditors Page 5. Audited Financial Statements: Statements of Net Assets Available for Plan Page 6. Benefits at December 31, 1995 and December 31, 1994 Statements of Changes in Net Assets Available Page 7. for Plan Benefits for the Years Ended December 31, 1995 and December 31, 1994 Notes to Financial Statements -- December 31, 1995 Pages 8 through 12. Schedules: Assets Held for Investment -- December 31, 1995 Pages 13 through 18. Transactions or Series of Transactions in Excess of 5% of the Current Value of Plan Assets for Page 19. the Year Ended December 31, 1995 The following exhibit is being filed herewith: Exhibit No. Description Page No. 1 Consent of Ernst & Young LLP, Page 21. Independent Auditors SIGNATURES The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. BOB EVANS FARMS, INC. AND AFFILIATES 401K RETIREMENT PLAN Date: June 27, 1996 By: /s/ R. Lindsay Borden ______________________________________ R. Lindsay Borden, Chairman of the Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan Committee (also known as the Deferral Plan Committee) Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan Audited Financial Statements and Schedules Years ended December 31, 1995 and 1994 Contents Report of Independent Auditors ........................................1 Audited Financial Statements Statements of Net Assets Available for Plan Benefits...................2 Statements of Changes in Net Assets Available for Plan Benefits........3 Notes to Financial Statements..........................................4 Schedules Assets Held for Investment.............................................9 Transactions or Series of Transactions in Excess of 5% of the Current Value of Plan Assets...............................................15 Report of Independent Auditors Participants of the Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan We have audited the accompanying statements of net assets available for plan benefits of Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan (the Plan) as of December 31, 1995 and 1994, and the related statements of changes in net assets available for plan benefits for the years then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for plan benefits of the Plan at December 31, 1995 and 1994, and the changes in its net assets available for plan benefits for the years then ended, in conformity with generally accepted accounting principles. Our audits were made for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedules of assets held for investment as of December 31, 1995 and transactions or series of transactions in excess of 5% of the current value of plan assets for the year ended December 31, 1995, are presented for purposes of complying with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, and are not a required part of the financial statements. The supplemental schedules have been subjected to the auditing procedures applied in our audit of the December 31, 1995 financial statements and, in our opinion, are fairly stated in all material respects in relation to the December 31, 1995 financial statements taken as a whole. June 6, 1996 ____________________ Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan Statements of Net Assets Available for Plan Benefits December 31 1995 1994 -------------------------- Assets Assets held for investment (Note 1): Cash and short-term investments $ 2,950,330 $ 3,923,825 Employee directed investment funds 34,776,867 26,066,142 (Note 6) U.S. government and agency obligations 3,794,543 2,666,152 Corporate notes 1,862,615 1,822,088 Corporate stocks 19,676,684 18,530,344 Mutual funds 2,612,749 2,064,343 Real estate joint ventures 191,195 231,877 ------------------------ 65,864,983 55,304,771 Receivables Employer receivable (Note 6) 3,244,277 2,447,464 Accrued interest receivable 153,309 157,483 Employee withholdings receivable (Note 6) 487,563 532,283 ------------------------ 3,885,149 3,137,230 ------------------------ Total assets 69,750,132 58,442,001 Liabilities Benefits payable 3,367,060 2,337,392 ------------------------ Net assets available for plan benefits $66,383,072 $56,104,609 ======================== See accompanying notes. Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan Statements of Changes in Net Assets Available for Plan Benefits Year ended December 31 1995 1994 --------------------------- Additions: Employer contributions $ 3,245,277 $ 3,388,627 Employee contributions 6,199,825 6,655,824 Interest and dividends 2,130,855 1,991,093 Net realized and unrealized appreciation (depreciation) in current value of 5,455,877 (2,630,961) investments (Note 4) --------------------------- 17,031,834 9,404,583 Deductions: Administrative expenses 278,223 335,347 Profit sharing plan distributions -terminations 6,475,148 5,205,621 and retirements --------------------------- Net increase 10,278,463 3,863,615 Net assets available for plan benefits at beginning of year 56,104,609 52,240,994 --------------------------- Net assets available for plan benefits at end of year $66,383,072 $56,104,609 =========================== See accompanying notes. Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan Notes to Financial Statements December 31, 1995 1. Significant Accounting Policies Valuation of Investments Investments are stated at current value. Securities which are traded on a national securities exchange are valued at the last reported sales price on the last business day of the year; investments traded in the over-the-counter market and listed securities for which no sale was reported on that date are valued at the average of the last reported bid and ask prices. The change in the difference between the cost of investment and the current value since the last valuation date is reflected in the statement of changes in net assets available for plan benefits as net unrealized appreciation (depreciation) in current value of investments. Net realized gain on sale of investments is the difference between the proceeds received and the specific cost of investments sold. Administrative Expenses Administrative expenses of the Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan (the Plan) are borne by the Plan. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. 2. Description of the Plan The Plan is a contributory retirement plan which enables substantially all full-time employees of Bob Evans Farms, Inc. and affiliates, (the Company) to share in the profits of the Company and to defer a percentage of their wages as a contribution to the Plan with a portion matched by the Company. Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan Notes to Financial Statements (continued) 2. Description of the Plan (continued) Each year the Board of Directors determines an amount that the Company may contribute as the Company's profit sharing, match, or base contributions, to the Plan. This amount cannot exceed the maximum amount deductible for federal income tax purposes. Profit sharing contributions are allocated among the participating employees on the basis of and in proportion to their respective compensations, not in excess of the amount determined by the Secretary of the Treasury. Matching contributions are made in the proportion of the participant's deferred compensation. The base contribution is allocated to all participants equally. Forfeitures resulting from unvested benefits of the profit sharing fund are reallocated to remaining participants based on their respective balances at the beginning of the plan year. Forfeitures resulting from unvested benefits of the employer matching fund shall be used to reduce present and future employer matching contributions. The Company has the right under the Plan to discontinue its contributions at any time and terminate the Plan. In the event of termination, participants shall acquire nonforfeitable interests in amounts then credited to their accounts. 3. Benefits Assets available for plan benefits are allocated among the participating employees on the basis of their account balances. Benefits are determined based on the contributions provided by and allocated to them as described in Note 2, and their allocable share of the income and expenses of the Plan. With respect to the profit sharing and matching employer contribution, participants are twenty percent vested after three years and graduating to one hundred percent vested after seven years. Participants are fully vested in their contribution and the Company's base contribution. Benefits are generally payable upon the employee's death, retirement, disability, or termination. Benefit payments allow the participant to elect to purchase an annuity contract from a reserve life insurance company as well as taking either a lump sum distribution or equal monthly installments over a period not to exceed ten years. 4. Investments The Plan's investments are held by a trust fund administered by National City Bank. During the years ended December 31, 1995 and 1994, the Plan's investments (including investments bought, sold, exchanged, as well as held during the year) appreciated (depreciated) in current value as follows: 1995 1994 --------------------------- Short-term investments ....................... $ (461) $ (50,494) Employee directed investment funds ........... 1,557,606 (1,437,115) U.S. government and agency obligations ....... 128,297 (259,533) Corporate notes .............................. 80,754 (271,545) Corporate stocks ............................. 3,239,730 (663,358) Mutual funds ................................. 449,951 51,084 ----------------------------- $ 5,455,877 $(2,630,961) ============================= The current value of individual investments that represent 5% or more of the Plan's assets is as follows: December 31 1995 1994 --------------------------- Bob Evans Farms, Inc. common stock ......... $12,677,161 $13,677,990 Fidelity Advisor Series II Fund ............ 18,048,910 12,380,837 Armada Money Market Fund ................... 6,024,127 -- NCC Money Market Portfolio (Trust) ......... -- 6,011,234 5. Transactions with Party-In-Interest The Plan currently owns 667,219 shares of the Company's common stock. The current market value of stock represents the closing bid price for the shares at December 31, 1995. The accumulated depreciation for the year ended December 31, 1995 was $1,000,828. Cash dividends received from the Company were $203,502 and $186,484 for the years ended December 31, 1995 and 1994, respectively. 6. Detail of Employee Investment Funds Under the terms of the Plan, participants may direct their contributions in ten percent increments to seven different investment funds. The following tables describe the allocation of the net assets and the changes in net assets of these employee directed funds: Money Fidelity Fidelity Euro Market Managed Bob Evans Income and Bond Fund Opportunity Pacific December 31, 1995 Fund Fund Stock Fund Growth Fund of America Growth Fund Fund Total ------------------------------------------------------------------------------------------------------ Invested assets $3,259,566 $ - $9,699,797 $13,082,345 $1,442,625 $4,997,328 $2,295,206 $34,776,867 Employee withholdings 64,135 - 182,021 87,517 30,307 83,800 39,783 487,563 receivable Accrued investment 12,091 - 2,650 (10,752) 293 665 374 5,321 income ------------------------------------------------------------------------------------------------------ Net assets of employee $3,335,792 $ - $9,884,468 $13,159,110 $1,473,225 $5,081,793 $2,335,363 $35,269,751 directed funds at December 31, 1995 ====================================================================================================== December 31, 1994 Invested assets $2,509,892 $ (10,752) $8,713,161 $9,501,306 $ 864,725 $2,950,205 $1,537,605 $26,066,142 Employee withholdings 66,852 - 233,888 99,804 24,262 70,902 36,575 532,283 receivable Accrued investment 12,091 - 2,650 - 293 667 374 16,075 income ------------------------------------------------------------------------------------------------------ Net assets of employee $2,588,835 $ (10,752) $8,949,699 $9,601,110 $ 889,280 $3,021,774 $1,574,554 $26,614,500 directed funds at December 31, 1994 ====================================================================================================== 6. Detail of Employee Investment Funds (continued) Changes in net assets for the year ended December 31, 1995: Money Fidelity Fidelity Euro Market Managed Bob Evans Income and Bond Fund Opportunity Pacific Fund Fund Stock Fund Growth Fund of America Growth Fund Fund Total ------------------------------------------------------------------------------------------------------- Allocated $ 152,647 $ - $ 511,589 $ 2,450,855 $ 53,140 $ 169,826 $ 91,644 $ 3,429,701 employer contributions Employee 715,677 - 2,677,309 1,051,817 320,131 959,336 475,604 6,199,874 contributions Investment gains 150,840 - (558,609) 1,447,171 185,325 965,657 233,971 2,424,355 Distributions (366,401) - (1,065,261) (1,358,467) (79,470) (355,042) (174,038) (3,398,679) Transfer between 94,194 10,752 (630,259) (33,376) 104,819 320,242 133,628 - funds ------------------------------------------------------------------------------------------------------- Net increase 746,957 10,752 934,769 3,558,000 583,945 2,060,019 760,809 8,655,251 (decrease) Net assets at 2,588,835 (10,752) 8,949,699 9,601,110 889,280 3,021,774 1,574,554 26,614,500 beginning of period ------------------------------------------------------------------------------------------------------- Net assets at $3,335,792 $ - $ 9,884,468 $13,159,110 $1,473,225 $5,081,793 $2,335,363 $35,269,751 end of period ======================================================================================================= Of the employer contributions for the match and base contribution totaling $3,245,277, $1,000 has been made to the Plan, but had not been allocated to the 401K funds as of December 31, 1995. The remaining $3,244,277 is a receivable of the Plan at December 31, 1995. 7. Income Tax Status The Internal Revenue Service has ruled that the Plan qualifies under Section 401(b) of the Internal Revenue Code (IRC) and was, therefore, not subject to tax under present income tax laws. Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan Assets Held for Investment December 31, 1995 1 Face Value or Number Current of Shares Description Cost Value - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------ CASH AND SHORT-TERM INVESTMENTS 300,000 Federal Home Loan Banks, 8.75%, due 6/10/96 $ 300,469 $ 304,410 2,612,252 Armada Money Market Fund 2,612,252 2,612,252 33,668 Armada Government Fund 33,668 33,668 ----------------------------------------- 2,946,389 2,950,330 EMPLOYEE DIRECTED INVESTMENT FUNDS 507,745 Bob Evans Farms, Inc., common stock 9,422,024 9,647,155 992,732 Fidelity Advisor Series II Fund 16,414,295 18,048,910 97,694 Euro Pacific Growth Fund 2,156,114 2,259,657 97,740 Bond Fund of America 1,291,575 1,356,627 3,411,875 Armada Money Market Fund 3,411,875 3,411,875 52,643 NCC Money Market Portfolio 52,643 52,643 ----------------------------------------- 32,748,526 34,776,867 U.S. GOVERNMENT AND AGENCY OBLIGATIONS 300,000 U.S. Treasury Notes, 8.50% note, due 5/15/97 299,203 312,843 500,000 Federal National Mortgage Assn, 6.38% note, due 10/13/00 500,230 510,300 500,000 Federal Home Loan Banks, 8.33% note, due 4/16/01 500,469 528,450 500,000 Federal National Mortgage Assn., 6.84% note, due 8/18/00 497,910 511,950 300,000 Federal National Mortgage Assn., 7.64% note, due 5/6/99 300,000 302,400 - --------------------------------------------------------------------------------------------------------------------------- Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan - --------------------------------------------------------------------------------------------------------------------------- Assets Held for Investment (continued) 1 Face Value or Number Current of Shares Description Cost Value - ------------------------------------------------------------------------------------------------------------------ U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued) 500,000 Federal National Mortgage Assn., 6.63% note, due 9/13/98 500,000 504,100 150,000 Federal National Mortgage Assn., 6.80% note, due 10/23/02 150,000 152,670 200,000 Federal National Mortgage Assn., 6.45% note, due 6/10/03 199,625 201,180 500,000 Federal National Mortgage Assn., 6.85% note, due 9/12/05 499,219 514,850 250,000 Federal National Mortgage Assn., 7.09% note, due 10/13/05 250,000 255,800 ----------------------------------------- 3,696,656 3,794,543 CORPORATE NOTES 200,000 Anheuser Busch Co., Inc., 8.75%, due 12/1/99 199,300 221,436 160,000 Chubb Corp., 8.75%, due 11/15/99 159,600 168,949 175,000 CoAmerica, Incorporated, 9.75%, due 5/1/99 174,125 194,359 250,000 Exxon Capital Corporation, 7.875%, due 8/15/97 249,233 259,375 250,000 Ford Motor Credit Company, 8.25%, due 5/15/96 249,375 252,383 200,000 Republic New York Corporation, 8.25%, due 5/1/96 199,666 201,782 300,000 SCE Capital Company, 7.375%, due 12/15/03 287,064 308,904 250,000 Xerox Corp., 9.20%, due 7/15/99 250,000 255,427 ----------------------------------------- 1,768,363 1,862,615 Face Value or Number Current of Shares Description Cost Value - ------------------------------------------------------------------------------------------------------------------ CORPORATE STOCKS 3,700 Abbot Labs, common 108,748 154,012 3,000 Ahmanson HF & Co., common 77,550 79,500 11,800 Acme Cleveland Corp., common 253,907 221,250 3,800 American Express Co., common 98,509 157,225 3,900 American Greetings Corporation C/A, common 76,606 107,738 1,800 American International Group, Inc., common 100,595 249,750 2,600 American Telephone & Telegraph Co., common 97,870 168,350 6,800 Atmos Energy Corp., common 122,128 156,400 8,550 Banta Corporation, common 232,410 376,200 2,900 Baxter International, Inc., common 98,027 121,437 5,600 Beckman Instras Inc., common 185,036 198,100 3,500 Beneficial Corp., common 134,688 163,187 4,000 Boatmens Bancshares, common 138,000 163,500 159,474 Bob Evans Farms, Inc., common 725,416 3,030,006 9,030 Cincinnati Financial Corp., common 277,300 589,207 2,600 Compaq Computer Corp., common 103,285 124,800 8,800 Cooper Tire & Rubber, common 206,788 216,700 2,000 Consolidated Paper Inc., common 111,160 112,250 6,800 Dial Corp., common 149,872 201,450 3,000 Dow Chemical Co., common 192,075 210,750 3,000 Dun & Bradstreet, Inc., common 175,418 194,250 3,000 E.I. DuPont DeNemours, common 162,240 209,625 5,000 Eaton Corporation,. common 267,164 268,125 5,000 Emerson Electric Co., common 289,775 408,750 2,600 Exxon Corp., common 135,076 209,300 6,000 Ford Motor Corp., Del., common 178,730 173,250 5,700 GTE Corporation, common 178,324 250,088 1,700 Garrett, Inc., common 99,336 104,338 2,800 GATX Corp., common 112,080 136,150 Face Value or Number Current of Shares Description Cost Value - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------ CORPORATE STOCKS (continued) 10,400 General Electric Co., common 184,886 748,800 3,000 General Motors Corp., common 96,240 156,000 15,000 Graphics Ind., common 131,470 183,750 4,600 Great Lakes Chemical Corp., common 269,632 331,200 6,500 Harris Corporation, common 234,368 355,062 5,600 Hanson PLC, common 95,021 85,400 1,500 Hewlett Packard Co., common 124,620 125,625 5,000 Home Depot, common 210,900 238,750 4,955 Huntington Bancshares, Inc., common 36,694 118,920 1,600 ITT Corporation, common 34,137 84,800 1,600 ITT Hartford Group, common 33,959 77,400 1,600 ITT Inos, Inc., common 15,783 38,400 4,400 Ingersoll Rand Company, common 102,476 154,550 1,000 Intel Corp., common 63,625 56,750 2,500 International Business Machines, common 283,285 228,438 2,500 Johnson Controls, Inc., common 127,993 171,875 4,000 Key Corp., common 107,750 145,000 10,000 K Mart Corp., common 142,050 71,250 4,700 Mallinckrodt & Group, common 160,764 170,963 1,800 Marsh & McLennon Cos., common 147,630 159,750 2,000 Masco Corp., common 56,910 62,750 1,600 McGraw Hill, Inc., common 96,918 139,400 1,000 Microsoft Corp. 95,375 87,750 16,000 Millipore Corp., common 228,560 658,000 5,000 Minnesota Mining & Manufacturing Co., common 272,700 331,875 4,300 Mobil Corp., common 209,399 480,525 5,300 National Semiconductor, common 146,280 117,262 2,000 Norfolk Southern Corp., common 118,410 158,750 2,000 Northern States Power Co., common 65,581 98,250 6,000 Northern Tr. Corp., common 252,000 336,000 5,000 Norwest Corp., common 53,176 165,000 Face Value or Number Current of Shares Description Cost Value - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------ CORPORATE STOCKS (continued) 6,500 Ogden Corp., common 155,284 138,938 3,000 Pepsico Inc., common 98,085 167,625 5,000 Philip Morris Companies Inc., common 60,059 451,250 2,400 Proctor & Gamble Co., common 97,980 199,200 4,000 Repsol SA, Sponsored ADR 132,435 131,500 7,400 Rite Aid Corp., common 140,233 253,450 1,100 Royal Dutch Petroleum Co., common 65,542 155,238 16,800 Sara Lee Corp., common 295,819 537,600 13,700 Sherwin Williams Co., common 301,650 558,275 4,600 Standex Intl Corp., common 132,746 150,650 3,600 Stanley Wks, common 142,560 185,400 8,200 Super Foods Services, Inc., common 109,642 106,600 1,500 Tektronic, Inc.common 63,338 73,688 2,000 Texaco Inc., common 131,410 157,000 1,500 Textron, Inc., common 50,280 101,250 9,000 Tokheim Corp., common 110,835 59,625 6,700 Toys R Us, inc., common 160,499 145,725 2,800 TRW, Inc., common 173,774 217,000 3,500 Universal Foods Corp., common 123,002 140,437 4,800 U.S. Healthcare, inc. 149,880 223,200 2,700 VF Corp., common 137,442 142,425 5,300 Wolohan Lumber Co. 113,950 51,675 5,000 York International Corp., common 187,537 235,000 ----------------------------------------- 12,420,687 19,676,684 MUTUAL FUNDS 41,746 AIM Fund Group 1,098,454 1,387,316 82,967 Pimco Advisors Target Fund C 1,013,260 1,225,433 ----------------------------------------- 2,111,714 2,612,749 Ownership Estimated Interest Description Book Value Current Value - -------------------------------------------------------------------------------- REAL ESTATE JOINT VENTURES 57.88% Vantage Mortgage Fund 253,358 103,877 10.00% Deer Creek Joint Venture 9,318 9,318 .17% Winthrop California Investors Limited Partnership 327,378 78,000 ----------------------------- 590,054 191,195 ----------------------------- TOTAL INVESTMENTS $56,282,379 $65,864,983 ============================= Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan Transactions or Series of Transactions in Excess of 5% of the Current Value of Plan Assets December 31, 1995 Current Value of Asset on Purchase Selling Cost of Transaction Net Gain Asset Description Price Price Asset Date (Loss) - ---------------------------------------------------------------------------------------------------------------------------- Category (i) - A single transaction in excess of 5% of plan assets Armada Money Market Fund $ - $ 3,415,227 $ 3,415,227 $ 3,415,227 $ - Category (iii) - A series of transactions in excess of 5% of plan assets Armada Money Market Fund 303 Purchases 21,214,714 - 21,214,714 21,214,714 - 410 Sales - 21,128,826 21,128,826 21,128,826 - Bob Evans Farms, Inc. (common) * 11 Purchases 2,305,688 - 2,305,688 2,305,688 - 11 Sales - 2,305,688 573,479 2,305,688 1,732,209 Fidelity Advisors Series II Income 10 Purchases 2,746,558 - 2,746,558 2,746,558 - & Growth Portfolio 1 Sale - 220,000 209,387 220,000 10,613 There were no category (ii) or (iv) reportable transactions during the year ended December 31, 1995. * Party-in-interest. Page 20 of 21 Pages BOB EVANS FARMS, INC. AND AFFILIATES 401K RETIREMENT PLAN ANNUAL REPORT ON FORM 11-K FOR FISCAL YEAR ENDED DECEMBER 31, 1995 INDEX TO EXHIBITS Exhibit No. Description Page No. 1 Consent of Ernst & Young LLP, Page 21. Independent Auditors