PIONEER HI BRED INTERNATIONAL INC
10-K/A, 1997-01-07
AGRICULTURAL PRODUCTION-CROPS
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                   FORM 10-K/A



  X        ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
           SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED)

                    For the fiscal year ended August 31, 1996

                                       OR

           TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
           SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED)

                        For the transition period from to

                         Commission File Number : 0-7908

                       PIONEER HI-BRED INTERNATIONAL, INC.
             (Exact name of registrant as specified in its charter)

                                      Iowa
            (State or other jurisdiction of incorporation or organization)

                                       42-0470520
                      (I.R.S. Employer Identification No.)

                 700 Capital Square, 400 Locust, Des Moines, Iowa 50309
                    (Address of principal executive offices)

                                   (515) 248-4800
                 (Registrant's telephone number, including area code)

              Securities registered pursuant to Section 12(b) of the Act:


        Title of each class           Name of each exchange on which registered
  Common Stock ($1.00 par value)                 New York Stock Exchange


<PAGE>



              Securities registered pursuant to Section 12(g) of the Act:

                                 Title of class
                                      NONE

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports)  and  (2)  has  been  subject  to such  filing
requirements for the past 90 days.

                             Yes      X          No

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation  S-K is not contained  herein,  and will not be contained,  to the
best of registrant's  knowledge,  in definitive proxy or information  statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]

The  aggregate  market  value of  voting  stock  held by  non-affiliates  of the
Registrant  as of October 9, 1996,  was  $5,127,129,984.  As of October 9, 1996,
82,378,119  shares of the  Registrant's  Common  Stock,  $1.00 par  value,  were
outstanding.


<PAGE>



                                   SIGNATURES


Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934, the Registrant has duly caused this report or amendment  thereto to
be signed on its behalf by the undersigned, thereunto duly authorized.

(REGISTRANT)          PIONEER HI-BRED INTERNATIONAL, INC.


                                    /s/ Charles S. Johnson
                      ________________________________________________________
(NAME AND TITLE)      Charles S. Johnson, President and Chief Executive Officer
                      and Director
DATE                  January 7, 1997

  Pursuant to the  requirements  of the  Securities  Exchange Act of 1934,  this
report  has  been  signed  below  by the  following  persons  on  behalf  of the
Registrant and in the capacities and on the dates indicated.


                                    /s/ Charles S. Johnson
                      _________________________________________________________
(NAME AND TITLE)      Charles S. Johnson, President and Chief Executive Officer
                      and Director
DATE                  January 7, 1997


                                    /s/ Thomas N. Urban
                      _________________________________________________________
(NAME AND TITLE)      Thomas N. Urban, Chairman of the Board of Directors
DATE                  January 7, 1997


                                    /s/ Jerry L. Chicoine
                      _________________________________________________________
(NAME AND TITLE)      Jerry L. Chicoine, Senior Vice President, Chief Financial
                      Officer and Corporate Secretary to the Board
DATE                  January 7, 1997

                                    /s/ Dwight G. Dollison
                      _________________________________________________________
(NAME AND TITLE)      Dwight G. Dollison, Vice President and Treasurer
DATE                  January 7, 1997


                                    /s/ Brian G. Hart
                      _________________________________________________________
(NAME AND TITLE)      Brian G. Hart, Vice President and Corporate Controller
DATE                  January 7, 1997


                                    /s/ C. Robert Brenton
                      _________________________________________________________
(NAME AND TITLE)      C. Robert Brenton, Director
DATE                  January 7, 1997


                                    /s/ Dr. Pedro Cuatrecasas
                      _________________________________________________________
(NAME AND TITLE)      Dr. Pedro Cuatrecasas, Director
DATE                  January 7, 1997


<PAGE>




                                    /s/ Dr. Ray A. Goldberg
                      _________________________________________________________
(NAME AND TITLE)      Dr. Ray A. Goldberg, Director
DATE                  January 7, 1997


                                    /s/ Fred S. Hubbell
                      _________________________________________________________
(NAME AND TITLE)      Fred S. Hubbell, Director
DATE                  January 7, 1997


                                    /s/ Dr. F. Warren McFarlan
                      _________________________________________________________
(NAME AND TITLE)      Dr. F. Warren McFarlan, Director
DATE                  January 7, 1997


                                    /s/ Dr. Owen J. Newlin
                      _________________________________________________________
(NAME AND TITLE)      Dr. Owen J. Newlin, Director
DATE                  January 7, 1997


                                    /s/ Dr. Virginia Walbot
                      _________________________________________________________
(NAME AND TITLE)      Dr. Virginia Walbot, Director
DATE                  January 7, 1997


                                    /s/ H. Scott Wallace 
                      _________________________________________________________
(NAME AND TITLE)      H. Scott Wallace, Director
DATE                  January 7, 1997


                                  /s/ Fred W. Weitz
                      _________________________________________________________
(NAME AND TITLE)      Fred W. Weitz, Director
DATE                  January 7, 1997


                                 /s/ Herman H.F. Wijffels
                      _________________________________________________________
(NAME AND TITLE)      Herman H.F. Wijffels, Director
DATE                  January 7, 1997


                                 /s/ Nancy Y. Bekavac
                      _________________________________________________________
(NAME AND TITLE)      Nancy Y. Bekavac, Director
DATE                  January 7, 1997


                                /s/ Luiz Kaufmann
                      _________________________________________________________
(NAME AND TITLE)      Luiz Kaufmann, Director
DATE                  January 7, 1997
<PAGE>

<TABLE> <S> <C>

       
<S>                                     <C>  

<ARTICLE>                                    5
<MULTIPLIER>                            1,000,000

<PERIOD-TYPE>                              YEAR
<FISCAL-YEAR-END>                       AUG-31-1996
<PERIOD-END>                            AUG-31-1996


<CASH>                                           43
<SECURITIES>                                     56
<RECEIVABLES>                                   266
<ALLOWANCES>                                     23
<INVENTORY>                                     382
<CURRENT-ASSETS>                                784
<PP&E>                                          985
<DEPRECIATION>                                  475
<TOTAL-ASSETS>                                 1422
<CURRENT-LIABILITIES>                           288
<BONDS>                                           0
                             0
                                       0
<COMMON>                                         93
<OTHER-SE>                                      925
<TOTAL-LIABILITY-AND-EQUITY>                   1422
<SALES>                                        1721
<TOTAL-REVENUES>                               1721
<CGS>                                           863
<TOTAL-COSTS>                                   863
<OTHER-EXPENSES>                                511
<LOSS-PROVISION>                                  0
<INTEREST-EXPENSE>                               11
<INCOME-PRETAX>                                 350
<INCOME-TAX>                                    127
<INCOME-CONTINUING>                             223
<DISCONTINUED>                                    0
<EXTRAORDINARY>                                   0
<CHANGES>                                         0
<NET-INCOME>                                    223
<EPS-PRIMARY>                                  2.68
<EPS-DILUTED>                                  2.68
        

</TABLE>


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