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, principally flour, peanuts, peanut butter, oils, sugar
and potatoes. 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 improve the effectiveness of its distribution system, to develop
and execute effective marketing strategies for its products, to introduce new
products and to obtain greater penetration into growing trade channels such as
mass merchants and convenience and grocery stores. Because a majority of the
Company's products are marketed and distributed through the direct-store
delivery (DSD) system, the revitalization of the DSD route sales 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
route sales 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 route sales system will generate profitable sales
growth.


Interest Rate, Foreign Exchange Rate and Credit Risks

     The Company is exposed to interest rate volatility with regard to its
variable rate debt obligations. The Company is exposed to foreign exchange rate
volatility primarily through the operations of Tamming Foods, Ltd., a Canadian
subsidiary. In addition, the Company is exposed to certain credit risks related
to the collection of its accounts receivable.

     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.