CPC International corrects net income figure for three months ended June 30, 1994 in earnings release issued earlier; should reflect a loss sted a gain.

--(BUSINESS WIRE)--

In BW1016 (CPC-INTL), CPC INT'L REPORTS 19% 2ND QTR. GROWTH IN EARNINGS PER COMMON SHARE, in the Consolidated Statements of Income (table), the Net Income Figure for the Three Months Ended June 30, 1994 should read ($14,936) sted $14,936.

The corrected table follows: -0-

CPC International Inc. and Subsidiaries
Consolidated Statements of Income
(All figures are in thousands
except per share amounts)

                               Three Months Ended June 30,
                                   1995          1994

Net sales                      $2,040,053     $1,856,316

Cost of sales                   1,222,627      1,140,173

Operating expenses                543,774        479,950
Restructuring charge                 -           227,000
                                1,766,401      1,847,123

Operating income                  273,652          9,193

Financing costs                    31,073         23,554

Income before income taxes        242,579        (14,361)
Provision for income taxes         93,393         (5,672)
                                  149,186         (8,689)

Minority stockholders'
 interest                           7,163          6,247

Net income                       $142,023       $(14,936)

Average common shares
outstanding                       146,163        148,670

Earnings per common share based
on net income reduced by "ESOP"
preferred stock dividends net
of taxes                           $  .96        $  (.11)

Cash dividends declared
per common share                   $  .36         $  .34

CONTACT: CPC International Inc.

Media: Thomas DiPiazza, Corporate Communications 

Manager, [phone]

Analysts: John W. Scott, V.P. Investor Relations 

[phone]