UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
CARPENTER, JENNY L.
DEAN FOODS COMPANY
ONE INTERNATIONAL CENTER II
10255 W. HIGGINS ROAD
ROSEMONT, IL 60018
2. Issuer Name and Ticker or Trading Symbol
DEAN FOODS COMPANY
DF
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
07/31/97
5. If Amendment, Date of Original (Month/Year)
08/10/97
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
VICE PRESIDENT
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
DEAN FOODS COMPANY COMMON S|7/8/97|M | |500 |A |24.67 | | | |
TOCK | | | | | | | | | |
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|7/8/97|S | |500 |D |43.75 | | | |
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|7/8/97|M | |608 |A |32.87 | | | |
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|7/8/97|S | |608 |D |43.75 | | | |
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|7/8/97|M | |1797 |A |26.87 | | | |
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|7/8/97|S | |457 |D |43.75 | | | |
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|7/8/97|M | |556 |A |29.87 | | | |
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|7/8/97|S | |556 |D |43.75 | | | |
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|7/8/97|M | |506 |A |28.13 | | | |
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|7/8/97|S | |506 |D |43.75 | | | |
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|5/97-7|B |V|4 |A |NA |2304 |D | |
|/97 | | | | | | | | |
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
INCENTIVE STOCK OPTION|24.67 |7/8/9|M | |500 |D | | |COMMON STOCK|500 | | | | |
| |7 | | | | | | | | | | | | |
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INCENTIVE STOCK OPTION|32.87 |7/8/9|M | |608 |D | | |COMMON STOCK|608 | | | | |
| |7 | | | | | | | | | | | | |
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INCENTIVE STOCK OPTION|26.87 |7/8/9|M | |1797 |D | | |COMMON STOCK|1797 | | | | |
| |7 | | | | | | | | | | | | |
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INCENTIVE STOCK OPTION|29.87 |7/8/9|M | |556 |D | | |COMMON STOCK|556 | | | | |
| |7 | | | | | | | | | | | | |
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INCENTIVE STOCK OPTION|28.13 |7/8/9|M | |506 |D | | |COMMON STOCK|506 | |15,734 |D | |
| |7 | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
SIGNATURE OF REPORTING PERSON
LU ANN LILJA AS ATTORNEY-IN-FACT FOR JENNY L. CARPENTER
DATE
08/28/97
