Rslts to 16/09/00-Pt.2-Amndmt

Associated British Foods PLC
9 November 2000


The issuer has made the following amendment to the Results to 16/09/00 - Part 2
announcement released on 8 November 2000 at 07.01am under RNS No 7576T.

In the notes accompanying the preliminary announcement of results for the year
ended 16 September 2000, the sentence below Note 4 should have given the
depreciation relating to the exceptional charge as £53 million and not £86
million.

All other details remain unchanged.

The full corrected version is shown below.

-------------------------------------------------------------------

Part 2

NOTES TO THE PRELIMINARY ANNOUNCEMENT

                                                   For the          For the
                                                year ended       year ended
                                              16 September     18 September
                                                      2000             1999
                                                        £m               £m

1.Analysis of turnover and profits
  Turnover
  Geographical analysis
  (by origin and destination):
  European Union, mainly
  United Kingdom and Ireland                         3,037            2,962
  Australia and New Zealand                            608              548
  North America                                        627              665
  Elsewhere                                            134              124
                                                  --------         --------
  Group turnover                                     4,406            4,299
                                                  ========         ========
  Business sector:
  Manufacturing                                      3,977            3,935
  Retail                                               429              364
                                                  --------         --------
  Group turnover                                     4,406            4,299
                                                  ========         ========
  Profits
  Geographical analysis (by origin):
  European Union, mainly
  United Kingdom and Ireland                           280              284
  Australia and New Zealand                             27               17
  North America                                         27               26
  Elsewhere                                              6              (1)
                                                  --------         --------
  Total operating profit
  before exceptional items
  and amortisation of goodwill                         340              326

  Exceptional items
       -  European Union                              (72)             (84)
       -  North America                               (45)                -
       -  Elsewhere                                   (13)                -
  Amortisation of goodwill
       -  European Union                               (1)                -
       -  North America                                (5)              (5)
                                                  --------         --------
  Total operating profit                               204              237
                                                  ========         ========
  Business sector:
  Manufacturing                                        289              283
  Retail                                                51               43
                                                  --------         --------
  Total operating profit
  before exceptional items                             340              326
  Exceptional items
       -  manufacturing                              (130)             (84)
  Amortisation of goodwill
       -  manufacturing                                (6)              (5)
                                                  --------         --------
  Total operating profit                               204              237
  Other net income                                      43               63
                                                  --------         --------
  Profit on ordinary
  activities before taxation                           247              300
                                                  ========         ========

The exceptional operating charge in the current year reflects the results
of a review of the group's operations which has affected the carrying
values and useful lives of certain assets (£86 million) and has given rise
to the need to provide for an estimate of the associated cash costs (£12
million), including redundancy, where closure plans have been announced. A
further fixed asset impairment charge (£32 million) has been made in
respect of UK manufacturing assets, based on their estimated value in use,
using a weighted average cost of capital of 12.5%.

Exceptional items in the prior year relate to an FRS 11 impairment charge
in respect of fixed assets within the group's UK manufacturing operations,
based on their estimated value in use, using a weighted average cost of
capital of 12.5%.

                                                   For the          For the
                                                year ended       year ended
                                              16 September     18 September
                                                     2000              1999
                                                        £m               £m
2.Tax on profit on
  ordinary activities
  United Kingdom                                        80               89
  Overseas
      - income and corporation tax                      29               23
      - deferred tax                                     -                2
  Joint ventures and associates                          2                1
                                                  --------         --------
                                                       111              115
                                                  ========         ========

3.Dividends
  First interim dividend
  of 4.25p per share (1999 - 4.25p)                     34               34
  Second interim dividend
  of 7.00p per share (1999 - 6.50p)                     55               51
                                                  --------         --------
                                                        89               85   
Special interim dividend
of nil per share (1999 - 50.00p)                         -              448
                                                  --------         --------
                                                        89              533
                                                  ========         ========

4.Cash flow from operating activities
 Operating profit                                      197              233
 Amortisation of goodwill                                6                5
 Impairment of fixed assets                             32               84
 Depreciation                                          206              142
 (Increase)/decrease in working capital
   -    stocks                                        (28)             (17)
   -    debtors                                       (25)                1
   -    creditors                                       44             (25)
 Provisions                                             13              (3)
                                                  --------         --------
                                                       445              420
                                                  ========         ========

  The depreciation of £206 million includes £53 million related to the
  exceptional charge following a review of the group's manufacturing
  operations

5.Analysis of changes in net funds
 Increase/(decrease) in
 cash before management of
 liquid funds and financing                            116            (562)
 Purchase of equity investments                          7                1
 Sale of equity investments                            (9)              (6)
 Changes in market value                               (2)                9
 Arising on acquisition of subsidiary undertakings       -              (8)
 Effect of currency changes                            (2)              (2)
                                                  --------         --------
 Movement in net funds in the year                     110            (568)
 Net funds at beginning of year                        871            1,439
                                                  --------         --------
 Net funds at end of year                              981              871
                                                  ========         ========

6.Analysis of net funds
  Current asset investments                          1,133            1,030
  Cash at bank and in hand                              65               51
  Short term borrowings                               (57)             (53)
  Loans falling due after one year                   (160)            (157)
                                                  --------         --------
                                                       981              871
                                                  ========         ========

7.   Other information

     The financial information set out above does not constitute the
     group's statutory financial statements for the years ended 16
     September 2000 and 18 September 1999, but is derived from them. The
     1999 financial statements have been filed with the Registrar of
     Companies whereas those for 2000 will be delivered following the
     company's annual general meeting.  The auditor's opinions on these
     financial statements were unqualified and did not include a statement
     under section 237 (2) or (3) of the Companies Act 1985.


ACCOUNTING POLICIES

Basis of preparation

These financial statements have been prepared under the historical cost
convention as modified by the revaluation of certain assets, and in
accordance with applicable accounting standards and the Companies Act 1985.

Basis of consolidation

The group accounts comprise a consolidation of the accounts of the Company
and its subsidiary undertakings, together with the group's share of the
results and net assets of its joint ventures and associates. The financial
statements of the company and its subsidiary undertakings are made up for
the 52 weeks ended 16 September 2000, except that, to avoid delay in the
preparation of the consolidated financial statements, those of the
Australian and New Zealand group and China and Poland are made up to 31
July 2000, and those of the North American subsidiary undertakings are made
up to 31 August 2000.

Acquisitions

The consolidated profit and loss account includes the results of new
subsidiary undertakings, joint ventures and associates attributable to the
period since change of control.

Disposals

The results of subsidiary undertakings, joint ventures and associates sold
are included up to the dates of change of control. The profit or loss on
the disposal of an acquired business takes into account the amount of any
related goodwill previously written off directly to reserves, or the net
amount of goodwill remaining unamortised, as appropriate.

Intangible fixed assets

Intangible fixed assets consist of goodwill arising on acquisitions since
13 September 1998, being the excess of the fair value of the purchase
consideration of new subsidiary undertakings, joint ventures and associates
over the fair value of net assets acquired. Goodwill is capitalised in
accordance with FRS 10 and amortised over its useful economic life, not
exceeding 20 years. Goodwill previously written off against reserves has
not been reinstated.

Tangible fixed assets

Fixed assets are carried at their original cost less accumulated
depreciation.

Foreign currencies

Assets and liabilities denominated in foreign currencies are converted into
sterling at rates of exchange ruling at the balance sheet date or at the
contracted rate as appropriate. The assets and liabilities of overseas
operations are converted into sterling at the rates of exchange ruling at
the balance sheet date. The results of overseas operations have been
translated at the average rate prevailing during the year. Exchange
differences arising on consolidation are taken directly to reserves. Other
exchange differences are dealt with as part of operating profits.

Pensions

The group has established separately funded pension schemes for the benefit
of permanent staff, which vary with employment conditions in the countries
concerned. Net pension costs are charged to income over the expected
average remaining service lives of employees. Any differences between the
charge for pensions and total contributions are included within pension
provisions or debtors as appropriate.

Research and development

Expenditure in respect of research and development is written off against
profits in the period in which it is incurred.

Fixed asset investments

Joint ventures and associates are accounted for in the financial statements
of the group under the equity method of accounting. Other fixed asset
investments in the group's accounts, and all fixed asset investments in the
accounts of the company, are stated at cost less amounts written off in
respect of any permanent diminution in value.

Depreciation

Depreciation is provided on the original cost of assets and is calculated
on a straight line basis at rates sufficient to reduce them to their
estimated residual value. No depreciation is provided on freehold land or
payments on account. Leaseholds are written off over the period of the
lease.  The anticipated life of other assets is generally deemed to be not
longer than:


Freehold buildings                      66 years
Plant, machinery, fixtures and fittings
- sugar factories                       20 years
- other operations                      12 years
Vehicles                                 8 years

Leases

All material leases entered into by the group are operating leases, whereby
substantially all of the risks and rewards of ownership of an asset remain
with the lessor.  Rental payments are charged against profits on a straight
line basis over the life of the lease.

Stocks

Stocks are valued at the lower of cost or net realisable value, after
making due provision against obsolete and slow-moving items.  In the case
of manufactured goods the term 'cost' includes ingredients, production
wages and production overheads.

Current asset investments

Current asset investments are stated at the lower of cost or market value.

Financial instruments

Forward foreign exchange contracts and currency options are used to hedge
forecast transactional cash flows and accordingly, any gains or losses on
these contracts are recognised in the profit and loss account when the
underlying transaction is settled. Derivative commodity contracts are used
to hedge committed purchases or sales of commodities and accordingly, any
gains or losses on these contracts are recognised in the profit and loss
account in the same accounting period as the underlying purchase or sale.
Gains or losses arising on hedging instruments which are cancelled due to
the termination of the underlying exposure are taken to the profit and loss
account immediately.

Deferred tax

Deferred tax represents corporation tax in respect of accelerated taxation
allowances on capital expenditure and other timing differences, to the
extent that a liability is anticipated in the foreseeable future.