ALBERTSONS INC /DE/
424B3, 1998-04-06
GROCERY STORES
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                                                      Registration No. 333-41793
                                              Filed pursuant to Rule 424 (b) (3)

Pricing Supplement No. 5 dated April 3, 1998
to Prospectus Supplement dated February 17, 1998 and
Prospectus dated January 21, 1998
(collectively, the "Prospectus")

                                ALBERTSON'S, INC.

                           Medium-Term Notes, Series C

         This Pricing  Supplement  relates to  $50,000,000  aggregate  principal
amount of Fixed Rate Book-Entry Medium-Term Notes, Series C, due April 10, 2028.
Net proceeds to Albertson's,  Inc. (the "Company"), before deduction of expenses
payable by the Company, will be $49,687,500.

Principal Amount:                                        $50,000,000
Interest Rate:                                           6.10%
Stated Maturity:                                         April 10, 2028
CUSIP Number:                                            01310QCX1
Interest Payment Dates:                                  June 1 and December 1
Regular Record Dates:                                    May 15 and November 15
Optional Repayment Date(s):                              April 10, 2008
Repayment Price:                                         $94.75
Regular Redemption:                                      Not Applicable
Initial Redemption Date:                                 Not Applicable
Initial Redemption Price:                                Not Applicable
Premium Reduction Amount:                                Not Applicable
Make-Whole Premium Redemption:                           Not Applicable
Settlement Date:                                         April 8, 1998
================================================================================
Goldman, Sachs & Co.
                               J. P. Morgan & Co.
                                                            Merrill Lynch & Co.



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