1 EXHIBIT INDEX Exhibits - -------- 23 Consent of Independent Accounts 2 CONSENT OF INDEPENDENT ACCOUNTANTS We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 333-20881) of Ralcorp Holdings, Inc. of our report dated June 24, 1998 appearing on page 15 of the Ralcorp Holdings, Inc. Savings Investment Plan's Annual Report on Form 11-K for the Plan year ended December 31, 1997. PRICE WATERHOUSE LLP St. Louis, Missouri June 25, 1998