EXHIBIT 99.1

            CAUTIONARY STATEMENT UNDER THE SAFE HARBOR PROVISIONS OF
              THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

         Lance, Inc. (the Company), from time to time, makes "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements, which may be written or oral, reflect expectations of
management of the Company at the time such statements are made. The Company is
filing this cautionary statement to identify certain important factors that
could cause the Company's actual results to differ materially from those in any
forward-looking statements made by or on behalf of the Company.

PRICE COMPETITION AND INDUSTRY CONSOLIDATION

         The sales of most of the Company's products are subject to intense
competition primarily through discounting and other price cutting techniques by
competitors, many of whom are significantly larger and have greater resources
than the Company. In addition, there is a continuing consolidation by the major
companies in the snack food industry which could increase competition.

RAW MATERIAL COSTS

         The Company's cost of sales can be adversely impacted by changes in the
cost of raw materials, including, but not limited to, flour, peanuts and peanut
butter. While the Company obtains substantial commitments for the future
delivery of certain of its raw materials and engages in limited hedging to
reduce the price risk of these raw materials, continuing long-term increases in
the costs of raw materials could adversely impact the Company's cost of sales.

EFFECTIVENESS OF SALES AND MARKETING ACTIVITIES

         The Company's plans for profitable sales growth depend upon the ability
of the Company to develop and execute effective marketing and sales strategies
for its products and to revitalize its direct-store-delivery (DSD) system.
Because a majority of the Company's products are marketed and distributed
through the DSD system, the revitalization of the DSD system as a cost effective
sales and distribution system is essential to profitable sales growth. Efforts
to generate profitable sales growth and to revitalize the DSD system have
resulted in increases in selling, marketing and delivery costs. There is no
assurance that these investments in sales, marketing and delivery efforts and
the DSD system will generate profitable sales growth.

OPERATION OF A LEVERAGED BUSINESS

         The effects of a leveraged business could have an adverse impact upon
the Company's financial condition and results of operations.

         There are other important factors not described above that could also
cause actual results to differ materially from those in any forward-looking
statement made by or on behalf of the Company.