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.
1. Name and Address of Reporting Person(s)
Viviano Joseph P
Corporate Headquarters
100 Crystal A Drive
Hershey, PA 17033
2. Issuer Name and Ticker or Trading Symbol
Hershey Foods Corporation (HSY)
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
March 1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X]
Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify
below) President and Chief Operating Officer
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>
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code V Amount D Price End of Month I
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C><C> <C> <C><C>
Common Stock 03/09/98 M 200.0000 A $22.3750 D
Common Stock 03/09/98 S 200.0000 D $70.3750 D
Common Stock 03/09/98 M 1,800.0000 A $22.3750 D
Common Stock 03/09/98 S 1,800.0000 D $70.3125 D
Common Stock 03/09/98 M 4,000.0000 A $22.3750 D
Common Stock 03/09/98 S 4,000.0000 D $70.6875 D
Common Stock 03/09/98 M 1,000.0000 A $22.3750 D
Common Stock 03/09/98 S 1,000.0000 D $70.8750 D
Common Stock 03/09/98 M 3,000.0000 A $22.3750 D
Common Stock 03/09/98 S 3,000.0000 D $70.8125 62,816.0000 D
Common Stock 184.8260 I 401(k) Plan
Common Stock 23,430.0000 I by Spouse
Common Stock 8,972.7036 I by Trusts (1)
<CAPTION>
Table II (PART 1) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and
Security or Exercise action action Securities Acquired (A) Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code V A D Exercisable Expiration
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Non-Qualified Stock Option $22.3750 03/09/98 M 200.0000 01/05/02
(right to buy)
Non-Qualified Stock Option $22.3750 03/09/98 M 1,800.0000 01/05/02
(right to buy)
Non-Qualified Stock Option $22.3750 03/09/98 M 4,000.0000 01/05/02
(right to buy)
Non-Qualified Stock Option $22.3750 03/09/98 M 1,000.0000 01/05/02
(right to buy)
Non-Qualified Stock Option $22.3750 03/09/98 M 3,000.0000 01/05/02
(right to buy)
<CAPTION>
Table II (PART 2) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of
Security action of Underlying of Deri- Derivative Indirect
Date Securities vative Securities D Beneficial
Amount or Security Beneficially or Ownership
Number of Owned at I
- Title Shares End of Month
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Non-Qualified Stock Option 03/09/98 Common Stock 200.0000 D
(right to buy)
Non-Qualified Stock Option 03/09/98 Common Stock 1,800.0000 D
(right to buy)
Non-Qualified Stock Option 03/09/98 Common Stock 4,000.0000 D
(right to buy)
Non-Qualified Stock Option 03/09/98 Common Stock 1,000.0000 D
(right to buy)
Non-Qualified Stock Option 03/09/98 Common Stock 3,000.0000 11,000.0000 D
(right to buy)
<FN>
Explanation of Responses:
(1)
These shares are held in trusts for the benefit of the reporting person's adult
children and two grandchildren. The reporting person's wife is trustee for each
of the said trusts. The filing of this form does not constitute an admission
that the reporting person is, for purposes of Section 16 of the Securities
Exchange Act of 1934 or otherwise, the beneficial owner of any equity
securities covered by the statement.
-
Beneficial holdings reflected on this report do not include changes in the
reporting person's holdings of securities resulting from participation in the
issuer's qualified employee stock plan since the last filing of a report
disclosing transactions related to such participation.
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ Viviano Joseph P
DATE 04/06/98
