EXHIBIT 21

                             SUBSIDIARIES OF CONAGRA



   ConAgra, Inc. is the parent corporation owning 100% (unless otherwise noted)
of the voting securities of the following subsidiaries as of May 25, 1997:

                                                       Jurisdiction of
   Subsidiary                                           Incorporation
   ----------                                          ----------------
Atwood-Kellogg Company                                 Minnesota

ConAgra Brands, Inc.                                   Nebraska

ConAgra Capital L.C. (indirectly controlled)           Iowa

ConAgra Energy Services, Inc.                          Delaware

ConAgra Fertilizer Company (owns 100% of the 
voting securities of one domestic corporation 
engaged in the retail fertilizer business)             Nebraska

ConAgra Foreign Sales Corporation, Inc.                Guam

ConAgra International Fertilizer Company               Delaware

ConAgra International, Inc. (owns 100% of the 
voting securities of 54 foreign and two domestic 
corporations, 99.9% of two foreign corporations, 
85% of one foreign corporation, 80% of one foreign
corporation, 51% of one foreign corporation and 50% 
of 16 foreign corporations, all engaged principally 
in the worldwide commodities trading business and 
the processing of beef, wool and malt)                 Delaware

ConAgra International (Far East) Limited (owns 
100% of the voting securities of four foreign 
corporations engaged principally in the 
worldwide commodities trading business)                Hong Kong

ConAgra International, S.A.                            Spain

ConAgra Poultry Company                                Delaware

ConAgra Refrigerated Foods Companies, Inc.             Delaware

Country General, Inc. (sold July, 1997)                Delaware

Creative Seasonings, Inc.                              Massachusetts

CTC North America, Inc.                                Delaware

Golden Valley Microwave Foods, Inc.                    Minnesota
                                                              


                                        EXHIBIT 21 (CONTINUED)



                                                       Jurisdiction of
   Subsidiary                                           Incorporation
   ----------                                          ----------------
Hunt-Wesson, Inc. (owns 100% of the voting 
securities of 20 domestic and four foreign 
corporations, 70% of one foreign corporation 
and 50% of three foreign corporations, all 
engaged principally in the production and 
marketing of retail, foodservice and 
industrial food products)                              Delaware

Kurt A. Becher GmbH & Company KG                       Germany

Lamb-Weston, Inc. (owns 100% of the voting 
securities of two domestic corporations and 
one foreign corporation, all engaged in the
potato products business)                              Delaware

Miller Bros. Company, Inc.                             Utah

Molinos de Puerto Rico, Inc.                           Nebraska

Monfort, Inc. (owns 100% of the voting 
securities of seven domestic corporations, 
all engaged principally in the livestock 
feeding and processing business)                       Delaware

Sergeant's Pet Products, Inc.                          Delaware

Superior Barge Lines, Inc. (80% owned)                 Delaware

To-Ricos, Inc.                                         Nebraska

United Agri Products, Inc. (owns 100% of the 
voting securities of 34 domestic and one 
foreign corporation, all engaged principally
in the agricultural chemicals business)                Delaware

United Milling Systems A/S (sold August, 1997)         Denmark

   The corporations listed above and on the previous page are included in the
consolidated financial statements, which are a part of this report.


                                        EXHIBIT 21 (CONTINUED)



   ConAgra and its subsidiaries account for the following investments using the
equity method of accounting:
   
                                                       Jurisdiction of
  Subsidiary                                           Incorporation
  ----------                                           ----------------
Saprogal (100% owned)                                  Spain
Sapropor (99.9% owned)                                 Portugal
Barrett Burston Malting Co. Pty. Ltd. (50% owned)      Australia
Malt Real Property Pty. Ltd. (50% owned)               Australia
ConAgra 29 B.V. (50% owned)                            Netherlands
Canada Malting Company Limited (50% owned)             Canada
Ulgrave Limited (50% owned)                            United Kingdom
CAG 28, Inc. (50% owned)                               United States
Productos Verde Valle S.A. de C.V. (50% owned)         Mexico