AGWAY INC.
AGWAY
FINANCIAL
CORPORATION
(logo)
PROSPECTUS
Until October 31, 1998, all dealers
effecting transactions in the
registered securities, whether or
not participating in this
distribution, may be required to
deliver a Prospectus. This is in
addition to the obligations of
dealers to deliver a Prospectus
when acting as underwriters and
with respect to their unsold
allotments or subscriptions.
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Supplement dated January 1, 1999
to Prospectus dated September 21, 1998
As of January 1, 1999, the issuer, Agway Financial Corporation, approved a
decrease of 1% in stated rates on all Subordinated Money Market Certificates
currently being offered under this Prospectus.
For a complete description of the securities offered please refer to pages
14 through 18 of the Prospectus.
