For immediate release
Contacts
         Investor Relations:  Theresa Schekirke, 816/792-6826
         Linda Bengston:  Media Relations, 816/792-7902


                            Ferrellgas Partners, L.P.
               Completes Private Offering of Senior Secured Notes


         LIBERTY Mo.  (April 26,  1996)--Ferrellgas  Partners,  L.P.  (NYSE:FGP)
announced  today that it has  issued  $160  million of fixed rate 9 3/8%  Senior
Secured  Notes  due  2006 in a  private  placement  to  qualified  institutional
investors  under Rule 144A.  Proceeds of the  offering  will be  contributed  by
Ferrellgas Partners to its operating partnership,  Ferrellgas, L.P., and will be
used  primarily  to repay  outstanding  indebtedness  under  Ferrellgas,  L.P.'s
acquisition bank credit lines.
         Ferrellgas   Partners,   L.P.,   through  its  operating   partnership,
Ferrellgas, L.P., is the second-largest retail marketer of propane in the United
States, serving more than 700,000 customers in 45 states.
         The Senior Notes have not been registered  under the Securities Act and
may not be offered or sold in the United States absent such  registration  or an
applicable exemption from the registration  requirements of such Act. This press
release shall not constitute an offer to sell or the solicitation of an offer to
buy these  Senior Notes nor shall there by any sale of these Senior Notes in any
state in which such offer or  solicitation  of sale would be  unlawful  prior to
registration or qualification under the securities laws of any state.



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