SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the fiscal year ended December 31, 1995
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from _____________ to ___________
Commission file number 33-34149
A. Full title of the plan and the address of the plan, if different from
that of the issuer named below:
Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan
B. Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office:
Bob Evans Farms, Inc.
3776 South High Street
Columbus, Ohio 43207
Exhibit Index on Page 20
<PAGE>
REQUIRED INFORMATION
The following financial statements and schedules for the Bob Evans Farms,
Inc. and Affiliates 401K Retirement Plan are being filed herewith:
Description Page No.
Report of Independent Auditors Page 5.
Audited Financial Statements:
Statements of Net Assets Available for Plan Page 6.
Benefits at December 31, 1995 and December 31,
1994
Statements of Changes in Net Assets Available Page 7.
for Plan Benefits for the Years Ended
December 31, 1995 and December 31, 1994
Notes to Financial Statements -- December 31, 1995 Pages 8
through 12.
Schedules:
Assets Held for Investment -- December 31, 1995 Pages 13
through 18.
Transactions or Series of Transactions in Excess
of 5% of the Current Value of Plan Assets for Page 19.
the Year Ended December 31, 1995
The following exhibit is being filed herewith:
Exhibit No. Description Page No.
1 Consent of Ernst & Young LLP, Page 21.
Independent Auditors
<PAGE>
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange
Act of 1934, the trustees (or other persons who administer the employee
benefit plan) have duly caused this annual report to be signed on its behalf
by the undersigned hereunto duly authorized.
BOB EVANS FARMS, INC. AND AFFILIATES 401K
RETIREMENT PLAN
Date: June 27, 1996 By: /s/ R. Lindsay Borden
______________________________________
R. Lindsay Borden, Chairman of
the Bob Evans Farms, Inc. and
Affiliates 401K Retirement Plan
Committee (also known as the
Deferral Plan Committee)
<PAGE>
Bob Evans Farms, Inc. and Affiliates
401K Retirement Plan
Audited Financial Statements and Schedules
Years ended December 31, 1995 and 1994
Contents
Report of Independent Auditors ........................................1
Audited Financial Statements
Statements of Net Assets Available for Plan Benefits...................2
Statements of Changes in Net Assets Available for Plan Benefits........3
Notes to Financial Statements..........................................4
Schedules
Assets Held for Investment.............................................9
Transactions or Series of Transactions in Excess of 5% of the Current
Value of Plan Assets...............................................15
<PAGE>
Report of Independent Auditors
Participants of the
Bob Evans Farms, Inc. and Affiliates 401K
Retirement Plan
We have audited the accompanying statements of net assets available for plan
benefits of Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan (the
Plan) as of December 31, 1995 and 1994, and the related statements of changes
in net assets available for plan benefits for the years then ended. These
financial statements are the responsibility of the Plan's management. Our
responsibility is to express an opinion on these financial statements based on
our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for plan benefits of the Plan
at December 31, 1995 and 1994, and the changes in its net assets available for
plan benefits for the years then ended, in conformity with generally accepted
accounting principles.
Our audits were made for the purpose of forming an opinion on the financial
statements taken as a whole. The accompanying supplemental schedules of assets
held for investment as of December 31, 1995 and transactions or series of
transactions in excess of 5% of the current value of plan assets for the year
ended December 31, 1995, are presented for purposes of complying with the
Department of Labor's Rules and Regulations for Reporting and Disclosure under
the Employee Retirement Income Security Act of 1974, and are not a required
part of the financial statements. The supplemental schedules have been
subjected to the auditing procedures applied in our audit of the December 31,
1995 financial statements and, in our opinion, are fairly stated in all
material respects in relation to the December 31, 1995 financial statements
taken as a whole.
June 6, 1996
<PAGE>
____________________
Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan
Statements of Net Assets Available for Plan Benefits
December 31
1995 1994
--------------------------
Assets
Assets held for investment (Note 1):
Cash and short-term
investments $ 2,950,330 $ 3,923,825
Employee directed investment funds 34,776,867 26,066,142
(Note 6)
U.S. government and agency obligations 3,794,543 2,666,152
Corporate notes 1,862,615 1,822,088
Corporate stocks 19,676,684 18,530,344
Mutual funds 2,612,749 2,064,343
Real estate joint ventures 191,195 231,877
------------------------
65,864,983 55,304,771
Receivables
Employer receivable (Note 6) 3,244,277 2,447,464
Accrued interest receivable 153,309 157,483
Employee withholdings receivable (Note 6) 487,563 532,283
------------------------
3,885,149 3,137,230
------------------------
Total assets 69,750,132 58,442,001
Liabilities
Benefits payable 3,367,060 2,337,392
------------------------
Net assets available for plan benefits $66,383,072 $56,104,609
========================
See accompanying notes.
<PAGE>
Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan
Statements of Changes in Net Assets Available for Plan Benefits
Year ended December 31
1995 1994
---------------------------
Additions:
Employer contributions $ 3,245,277 $ 3,388,627
Employee contributions 6,199,825 6,655,824
Interest and dividends 2,130,855 1,991,093
Net realized and unrealized
appreciation (depreciation) in current
value of 5,455,877 (2,630,961)
investments (Note 4)
---------------------------
17,031,834 9,404,583
Deductions:
Administrative expenses 278,223 335,347
Profit sharing plan distributions
-terminations 6,475,148 5,205,621
and retirements
---------------------------
Net increase 10,278,463 3,863,615
Net assets available for plan benefits
at beginning of year 56,104,609 52,240,994
---------------------------
Net assets available for plan benefits
at end of year $66,383,072 $56,104,609
===========================
See accompanying notes.
<PAGE>
Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan
Notes to Financial Statements
December 31, 1995
1. Significant Accounting Policies
Valuation of Investments
Investments are stated at current value. Securities which are traded on a
national securities exchange are valued at the last reported sales price on
the last business day of the year; investments traded in the over-the-counter
market and listed securities for which no sale was reported on that date are
valued at the average of the last reported bid and ask prices.
The change in the difference between the cost of investment and the
current value since the last valuation date is reflected in the statement of
changes in net assets available for plan benefits as net unrealized
appreciation (depreciation) in current value of investments.
Net realized gain on sale of investments is the difference between the
proceeds received and the specific cost of investments sold.
Administrative Expenses
Administrative expenses of the Bob Evans Farms, Inc. and Affiliates 401K
Retirement Plan (the Plan) are borne by the Plan.
Use of Estimates
The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the amounts reported in the financial statements and
accompanying notes. Actual results could differ from those estimates.
2. Description of the Plan
The Plan is a contributory retirement plan which enables substantially
all full-time employees of Bob Evans Farms, Inc. and affiliates, (the Company)
to share in the profits of the Company and to defer a percentage of their
wages as a contribution to the Plan with a portion matched by the Company.
<PAGE>
Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan
Notes to Financial Statements (continued)
2. Description of the Plan (continued)
Each year the Board of Directors determines an amount that the Company
may contribute as the Company's profit sharing, match, or base contributions,
to the Plan. This amount cannot exceed the maximum amount deductible for
federal income tax purposes. Profit sharing contributions are allocated among
the participating employees on the basis of and in proportion to their
respective compensations, not in excess of the amount determined by the
Secretary of the Treasury. Matching contributions are made in the proportion
of the participant's deferred compensation. The base contribution is allocated
to all participants equally. Forfeitures resulting from unvested benefits of
the profit sharing fund are reallocated to remaining participants based on
their respective balances at the beginning of the plan year. Forfeitures
resulting from unvested benefits of the employer matching fund shall be used
to reduce present and future employer matching contributions.
The Company has the right under the Plan to discontinue its contributions
at any time and terminate the Plan. In the event of termination, participants
shall acquire nonforfeitable interests in amounts then credited to their
accounts.
3. Benefits
Assets available for plan benefits are allocated among the participating
employees on the basis of their account balances. Benefits are determined
based on the contributions provided by and allocated to them as described in
Note 2, and their allocable share of the income and expenses of the Plan. With
respect to the profit sharing and matching employer contribution, participants
are twenty percent vested after three years and graduating to one hundred
percent vested after seven years. Participants are fully vested in their
contribution and the Company's base contribution.
Benefits are generally payable upon the employee's death, retirement,
disability, or termination. Benefit payments allow the participant to elect to
purchase an annuity contract from a reserve life insurance company as well as
taking either a lump sum distribution or equal monthly installments over a
period not to exceed ten years.
<PAGE>
4. Investments
The Plan's investments are held by a trust fund administered by National City
Bank. During the years ended December 31, 1995 and 1994, the Plan's
investments (including investments bought, sold, exchanged, as well as held
during the year) appreciated (depreciated) in current value as follows:
1995 1994
---------------------------
Short-term investments ....................... $ (461) $ (50,494)
Employee directed investment funds ........... 1,557,606 (1,437,115)
U.S. government and agency obligations ....... 128,297 (259,533)
Corporate notes .............................. 80,754 (271,545)
Corporate stocks ............................. 3,239,730 (663,358)
Mutual funds ................................. 449,951 51,084
-----------------------------
$ 5,455,877 $(2,630,961)
=============================
The current value of individual investments that represent 5% or more of
the Plan's assets is as follows:
December 31
1995 1994
---------------------------
Bob Evans Farms, Inc. common stock ......... $12,677,161 $13,677,990
Fidelity Advisor Series II Fund ............ 18,048,910 12,380,837
Armada Money Market Fund ................... 6,024,127 --
NCC Money Market Portfolio (Trust) ......... -- 6,011,234
<PAGE>
5. Transactions with Party-In-Interest
The Plan currently owns 667,219 shares of the Company's common stock. The
current market value of stock represents the closing bid price for the shares
at December 31, 1995. The accumulated depreciation for the year ended December
31, 1995 was $1,000,828. Cash dividends received from the Company were
$203,502 and $186,484 for the years ended December 31, 1995 and 1994,
respectively.
6. Detail of Employee Investment Funds
Under the terms of the Plan, participants may direct their contributions in
ten percent increments to seven different investment funds. The following
tables describe the allocation of the net assets and the changes in net assets
of these employee directed funds:
<TABLE>
Money Fidelity Fidelity Euro
Market Managed Bob Evans Income and Bond Fund Opportunity Pacific
December 31, 1995 Fund Fund Stock Fund Growth Fund of America Growth Fund Fund Total
------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Invested assets $3,259,566 $ - $9,699,797 $13,082,345 $1,442,625 $4,997,328 $2,295,206 $34,776,867
Employee
withholdings 64,135 - 182,021 87,517 30,307 83,800 39,783 487,563
receivable
Accrued investment 12,091 - 2,650 (10,752) 293 665 374 5,321
income
------------------------------------------------------------------------------------------------------
Net assets of
employee $3,335,792 $ - $9,884,468 $13,159,110 $1,473,225 $5,081,793 $2,335,363 $35,269,751
directed
funds at
December 31,
1995
======================================================================================================
December 31, 1994
Invested assets $2,509,892 $ (10,752) $8,713,161 $9,501,306 $ 864,725 $2,950,205 $1,537,605 $26,066,142
Employee
withholdings 66,852 - 233,888 99,804 24,262 70,902 36,575 532,283
receivable
Accrued investment 12,091 - 2,650 - 293 667 374 16,075
income
------------------------------------------------------------------------------------------------------
Net assets of
employee $2,588,835 $ (10,752) $8,949,699 $9,601,110 $ 889,280 $3,021,774 $1,574,554 $26,614,500
directed
funds at
December 31,
1994
======================================================================================================
</TABLE>
<PAGE>
6. Detail of Employee Investment Funds (continued)
Changes in net assets for the year ended December 31, 1995:
<TABLE>
Money Fidelity Fidelity Euro
Market Managed Bob Evans Income and Bond Fund Opportunity Pacific
Fund Fund Stock Fund Growth Fund of America Growth Fund Fund Total
-------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Allocated $ 152,647 $ - $ 511,589 $ 2,450,855 $ 53,140 $ 169,826 $ 91,644 $ 3,429,701
employer
contributions
Employee 715,677 - 2,677,309 1,051,817 320,131 959,336 475,604 6,199,874
contributions
Investment gains 150,840 - (558,609) 1,447,171 185,325 965,657 233,971 2,424,355
Distributions (366,401) - (1,065,261) (1,358,467) (79,470) (355,042) (174,038) (3,398,679)
Transfer between 94,194 10,752 (630,259) (33,376) 104,819 320,242 133,628 -
funds
-------------------------------------------------------------------------------------------------------
Net increase 746,957 10,752 934,769 3,558,000 583,945 2,060,019 760,809 8,655,251
(decrease)
Net assets at 2,588,835 (10,752) 8,949,699 9,601,110 889,280 3,021,774 1,574,554 26,614,500
beginning of
period
-------------------------------------------------------------------------------------------------------
Net assets at $3,335,792 $ - $ 9,884,468 $13,159,110 $1,473,225 $5,081,793 $2,335,363 $35,269,751
end of period
=======================================================================================================
</TABLE>
Of the employer contributions for the match and base contribution totaling
$3,245,277, $1,000 has been made to the Plan, but had not been allocated to
the 401K funds as of December 31, 1995. The remaining $3,244,277 is a
receivable of the Plan at December 31, 1995.
7. Income Tax Status
The Internal Revenue Service has ruled that the Plan qualifies under Section
401(b) of the Internal Revenue Code (IRC) and was, therefore, not subject to
tax under present income tax laws.
Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan
<TABLE>
Assets Held for Investment
December 31, 1995
1
Face Value
or Number Current
of Shares Description Cost Value
- ------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------
CASH AND SHORT-TERM INVESTMENTS
<S> <C> <C> <C>
300,000 Federal Home Loan Banks, 8.75%,
due 6/10/96 $ 300,469 $ 304,410
2,612,252 Armada Money Market Fund 2,612,252 2,612,252
33,668 Armada Government Fund 33,668 33,668
-----------------------------------------
2,946,389 2,950,330
EMPLOYEE DIRECTED INVESTMENT FUNDS
507,745 Bob Evans Farms, Inc., common stock 9,422,024 9,647,155
992,732 Fidelity Advisor Series II Fund 16,414,295 18,048,910
97,694 Euro Pacific Growth Fund 2,156,114 2,259,657
97,740 Bond Fund of America 1,291,575 1,356,627
3,411,875 Armada Money Market Fund 3,411,875 3,411,875
52,643 NCC Money Market Portfolio 52,643 52,643
-----------------------------------------
32,748,526 34,776,867
U.S. GOVERNMENT AND AGENCY OBLIGATIONS
300,000 U.S. Treasury Notes, 8.50% note, due 5/15/97
299,203 312,843
500,000 Federal National Mortgage Assn, 6.38% note, due
10/13/00 500,230 510,300
500,000 Federal Home Loan Banks, 8.33% note, due 4/16/01
500,469 528,450
500,000 Federal National Mortgage Assn., 6.84% note, due
8/18/00 497,910 511,950
300,000 Federal National Mortgage Assn., 7.64% note, due
5/6/99 300,000 302,400
<PAGE>
- ---------------------------------------------------------------------------------------------------------------------------
Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan
- ---------------------------------------------------------------------------------------------------------------------------
Assets Held for Investment (continued)
1
Face Value
or Number Current
of Shares Description Cost Value
- ------------------------------------------------------------------------------------------------------------------
U.S. GOVERNMENT AND AGENCY OBLIGATIONS
(continued)
500,000 Federal National Mortgage Assn., 6.63% note, due
9/13/98 500,000 504,100
150,000 Federal National Mortgage Assn., 6.80% note, due
10/23/02 150,000 152,670
200,000 Federal National Mortgage Assn., 6.45% note, due
6/10/03 199,625 201,180
500,000 Federal National Mortgage Assn., 6.85% note, due
9/12/05 499,219 514,850
250,000 Federal National Mortgage Assn., 7.09% note, due
10/13/05 250,000 255,800
-----------------------------------------
3,696,656 3,794,543
CORPORATE NOTES
200,000 Anheuser Busch Co., Inc., 8.75%, due 12/1/99
199,300 221,436
160,000 Chubb Corp., 8.75%, due 11/15/99 159,600 168,949
175,000 CoAmerica, Incorporated, 9.75%, due 5/1/99
174,125 194,359
250,000 Exxon Capital Corporation, 7.875%, due 8/15/97
249,233 259,375
250,000 Ford Motor Credit Company, 8.25%, due 5/15/96
249,375 252,383
200,000 Republic New York Corporation, 8.25%, due 5/1/96
199,666 201,782
300,000 SCE Capital Company, 7.375%, due 12/15/03
287,064 308,904
250,000 Xerox Corp., 9.20%, due 7/15/99 250,000 255,427
-----------------------------------------
1,768,363 1,862,615
<PAGE>
Face Value
or Number Current
of Shares Description Cost Value
- ------------------------------------------------------------------------------------------------------------------
CORPORATE STOCKS
3,700 Abbot Labs, common 108,748 154,012
3,000 Ahmanson HF & Co., common 77,550 79,500
11,800 Acme Cleveland Corp., common 253,907 221,250
3,800 American Express Co., common 98,509 157,225
3,900 American Greetings Corporation C/A, common
76,606 107,738
1,800 American International Group, Inc., common
100,595 249,750
2,600 American Telephone & Telegraph Co., common
97,870 168,350
6,800 Atmos Energy Corp., common 122,128 156,400
8,550 Banta Corporation, common 232,410 376,200
2,900 Baxter International, Inc., common 98,027 121,437
5,600 Beckman Instras Inc., common 185,036 198,100
3,500 Beneficial Corp., common 134,688 163,187
4,000 Boatmens Bancshares, common 138,000 163,500
159,474 Bob Evans Farms, Inc., common 725,416 3,030,006
9,030 Cincinnati Financial Corp., common 277,300 589,207
2,600 Compaq Computer Corp., common 103,285 124,800
8,800 Cooper Tire & Rubber, common 206,788 216,700
2,000 Consolidated Paper Inc., common 111,160 112,250
6,800 Dial Corp., common 149,872 201,450
3,000 Dow Chemical Co., common 192,075 210,750
3,000 Dun & Bradstreet, Inc., common 175,418 194,250
3,000 E.I. DuPont DeNemours, common 162,240 209,625
5,000 Eaton Corporation,. common 267,164 268,125
5,000 Emerson Electric Co., common 289,775 408,750
2,600 Exxon Corp., common 135,076 209,300
6,000 Ford Motor Corp., Del., common 178,730 173,250
5,700 GTE Corporation, common 178,324 250,088
1,700 Garrett, Inc., common 99,336 104,338
2,800 GATX Corp., common 112,080 136,150
<PAGE>
Face Value
or Number Current
of Shares Description Cost Value
- ------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------
CORPORATE STOCKS (continued)
10,400 General Electric Co., common 184,886 748,800
3,000 General Motors Corp., common 96,240 156,000
15,000 Graphics Ind., common 131,470 183,750
4,600 Great Lakes Chemical Corp., common 269,632 331,200
6,500 Harris Corporation, common 234,368 355,062
5,600 Hanson PLC, common 95,021 85,400
1,500 Hewlett Packard Co., common 124,620 125,625
5,000 Home Depot, common 210,900 238,750
4,955 Huntington Bancshares, Inc., common 36,694 118,920
1,600 ITT Corporation, common 34,137 84,800
1,600 ITT Hartford Group, common 33,959 77,400
1,600 ITT Inos, Inc., common 15,783 38,400
4,400 Ingersoll Rand Company, common 102,476 154,550
1,000 Intel Corp., common 63,625 56,750
2,500 International Business Machines, common
283,285 228,438
2,500 Johnson Controls, Inc., common 127,993 171,875
4,000 Key Corp., common 107,750 145,000
10,000 K Mart Corp., common 142,050 71,250
4,700 Mallinckrodt & Group, common 160,764 170,963
1,800 Marsh & McLennon Cos., common 147,630 159,750
2,000 Masco Corp., common 56,910 62,750
1,600 McGraw Hill, Inc., common 96,918 139,400
1,000 Microsoft Corp. 95,375 87,750
16,000 Millipore Corp., common 228,560 658,000
5,000 Minnesota Mining & Manufacturing Co., common
272,700 331,875
4,300 Mobil Corp., common 209,399 480,525
5,300 National Semiconductor, common 146,280 117,262
2,000 Norfolk Southern Corp., common 118,410 158,750
2,000 Northern States Power Co., common 65,581 98,250
6,000 Northern Tr. Corp., common 252,000 336,000
5,000 Norwest Corp., common 53,176 165,000
<PAGE>
Face Value
or Number Current
of Shares Description Cost Value
- ------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------
CORPORATE STOCKS (continued)
6,500 Ogden Corp., common 155,284 138,938
3,000 Pepsico Inc., common 98,085 167,625
5,000 Philip Morris Companies Inc., common 60,059 451,250
2,400 Proctor & Gamble Co., common 97,980 199,200
4,000 Repsol SA, Sponsored ADR 132,435 131,500
7,400 Rite Aid Corp., common 140,233 253,450
1,100 Royal Dutch Petroleum Co., common 65,542 155,238
16,800 Sara Lee Corp., common 295,819 537,600
13,700 Sherwin Williams Co., common 301,650 558,275
4,600 Standex Intl Corp., common 132,746 150,650
3,600 Stanley Wks, common 142,560 185,400
8,200 Super Foods Services, Inc., common 109,642 106,600
1,500 Tektronic, Inc.common 63,338 73,688
2,000 Texaco Inc., common 131,410 157,000
1,500 Textron, Inc., common 50,280 101,250
9,000 Tokheim Corp., common 110,835 59,625
6,700 Toys R Us, inc., common 160,499 145,725
2,800 TRW, Inc., common 173,774 217,000
3,500 Universal Foods Corp., common 123,002 140,437
4,800 U.S. Healthcare, inc. 149,880 223,200
2,700 VF Corp., common 137,442 142,425
5,300 Wolohan Lumber Co. 113,950 51,675
5,000 York International Corp., common 187,537 235,000
-----------------------------------------
12,420,687 19,676,684
MUTUAL FUNDS
41,746 AIM Fund Group 1,098,454 1,387,316
82,967 Pimco Advisors Target Fund C 1,013,260 1,225,433
-----------------------------------------
2,111,714 2,612,749
</TABLE>
<PAGE>
Ownership Estimated
Interest Description Book Value Current Value
- --------------------------------------------------------------------------------
REAL ESTATE JOINT VENTURES
57.88% Vantage Mortgage Fund 253,358 103,877
10.00% Deer Creek Joint Venture 9,318 9,318
.17% Winthrop California Investors
Limited Partnership
327,378 78,000
-----------------------------
590,054 191,195
-----------------------------
TOTAL INVESTMENTS $56,282,379 $65,864,983
=============================
<PAGE>
Bob Evans Farms, Inc. and Affiliates
401K Retirement Plan
Transactions or Series of Transactions in Excess
of 5% of the Current Value of Plan Assets
December 31, 1995
<TABLE>
Current Value
of Asset on
Purchase Selling Cost of Transaction Net Gain
Asset Description Price Price Asset Date (Loss)
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Category (i) - A single transaction in
excess of 5% of plan assets
Armada Money Market Fund $ - $ 3,415,227 $ 3,415,227 $ 3,415,227 $ -
Category (iii) - A series of transactions
in excess of 5% of plan assets
Armada Money Market Fund 303 Purchases 21,214,714 - 21,214,714 21,214,714 -
410 Sales - 21,128,826 21,128,826 21,128,826 -
Bob Evans Farms, Inc. (common) * 11 Purchases 2,305,688 - 2,305,688 2,305,688 -
11 Sales - 2,305,688 573,479 2,305,688 1,732,209
Fidelity Advisors Series II Income 10 Purchases 2,746,558 - 2,746,558 2,746,558 -
& Growth Portfolio 1 Sale - 220,000 209,387 220,000 10,613
There were no category (ii) or (iv) reportable transactions during the year
ended December 31, 1995.
* Party-in-interest.
</TABLE>
Page 20 of 21 Pages
<PAGE>
BOB EVANS FARMS, INC. AND AFFILIATES
401K RETIREMENT PLAN
ANNUAL REPORT ON FORM 11-K
FOR FISCAL YEAR ENDED DECEMBER 31, 1995
INDEX TO EXHIBITS
Exhibit No. Description Page No.
1 Consent of Ernst & Young LLP, Page 21.
Independent Auditors
Consent of Ernst & Young LLP, Independent Auditors
We consent to the incorporation by reference in the Registration
Statement (Form S-8 No. 33-34149) pertaining to the Bob Evans Farms, Inc. and
Affiliates 401K Retirement Plan of and in the related Prospectus of our report
dated June 6, 1996, with respect to the financial statements and schedules of
Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan included in this
Annual Report (Form 11-K) for the year ended December 31, 1995.
ERNST & YOUNG LLP
Columbus, Ohio
June 28, 1996
