Notice to Employees of ConAgra Foods, Inc.

This document is about a notice to employees of ConAgra Foods, Inc. regarding an application for authorization under Prohibited Transaction Exemption 96-62 to allow the reinsurance of risks and receipt of premiums by ConAgra's captive insurance company, Risk Resources, Ltd., for the group term life and accidental death and dismemberment insurance benefits offered under the ConAgra Foods, Inc. Welfare Benefit Wrap Plan. The notice outlines the proposed transaction, the parties involved, the benefit improvements that will be provided, and the employee's right to comment on the tentative authorization.