RALSTON PURINA CO
SC 13G, 1996-12-04
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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C 20549

                                  SCHEDULE 13G

                   Under the Securities Exchange Act of 1934

                             RALSTON PURINA COMPANY

                                (Name of Issuer)

          Ralston-Continental Baking Group Common Stock ("CBG Stock")

                         (Title of Class of Securities)

                            751 262 106 (CBG Stock)

                                 (CUSIP Number)

Check the following box if a fee is being paid with this statement:  \ \. (A fee
is not required only if the filing
person: (1) has a previous statement  on file reporting beneficial ownership  of
more than five percent of the class of  securities described in Item 1; and  (2)
has filed no amendment subsequent thereto reporting beneficial ownership of five
percent or less of such class.) (See Rule 13d-7).

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose  of Section 18 of  the Securities Exchange Act  of
1934 ("Act") or otherwise subject to the liabilities of that section of the  Act
but shall be subject to all other provisions of the Act.

1.   NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:


                                       1
     Ralston Purina Employee Benefit Asset Investment Committee ("EBAIC").

2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:

     Not applicable.

3.   SEC USE ONLY:

4.   CITIZENSHIP OR PLACE OF ORGANIZATION:

     The EBAIC is an unincorporated committee consisting of employees of the
     Issuer with fiduciary responsibility for the management and control of
     investments of the Issuer's Savings Investment Plan (the "Plan"), a 401K
     Plan with an ESOP feature.  The individuals comprising the EBAIC also
     serve, in a separate and independent capacity, as trustees of the Ralston
     Purina Retirement Plan Trust (the "Trust"), a qualified defined benefit
     plan, which held shares of CBG Stock as plan assets.  The S.E.C. has
     advised that because of the identity of membership of the EBAIC and the
     trustees of the Trust, shares of CBG Stock held in the Trust should be
     aggregated with other shares reported as beneficially owned by the EBAIC.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:


5.   SOLE VOTING POWER:            0

6.   SHARED VOTING POWER:                         0

7.   SOLE DISPOSITIVE POWER:                      0

8.   SHARED DISPOSITIVE POWER:     0

9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

                                       2
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*:

     Not applicable.

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9:  0

     On May 15, 1995, the Issuer  exchanged each outstanding share of CBG  Stock
     for .0886  shares of  Ralston Purina  Company Common  Stock ("RAL  Stock"),
     which now represents the Issuer's sole  outstanding class of common  stock.
     The exchange was authorized by the Issuer's Articles of Incorporation.   As
     a result of the exchange, the terms of the Issuer's $1.00 par Series A ESOP
     Convertible Preferred Stock were adjusted to provide that such shares  were
     convertible only into  2.29 shares of  RAL Stock.   Upon the exchange,  all
     shares of CBG Stock held in the Trust or allocated to participate  accounts
     in the Plan were exchanged for shares of RAL Stock, and the CBG Stock  Fund
     in the Plan was thereafter deleted.

12.  TYPE OF REPORTING PERSON:

     EP

SCHEDULE 13G


Item 1.

(a)  Name of Issuer:  Ralston Purina Company

(b)  Address of Issuer's Principal Executive Offices:  Checkerboard Square, St.
     Louis, MO 63164

Item 2.

                                       3

(a)  Name of Person Filing:        EBAIC

(b)  Address of Principal Business Office or, if none, Residence:
     Checkerboard Square, St. Louis, MO 63164
(c)  Citizenship:
     See responses to Item 4 on Cover Sheets

(d)  Title of Class of Securities:  CBG Stock

(e)  CUSIP Number:  751 262 106 (CBG Stock).

Item 3.                  If this statement is filed pursuant to Rule 13d-1(b),

or 13d-2(b), check whether the

     person filing is a:


(a)  Broker or Dealer registered under Section 15 of the Act:  No

(b)  Bank as defined in section 3(a)(6) of the Act:  No

(c)  Insurance Company as defined in section 3(a)(19) of the Act:  No

(d)  Investment Company registered under section 8 of the Investment Company
Act: No.

(e)  Investment Adviser registered under section 203 of the Investment Advisers
Act of 1940:             No

(f)  Employee Benefit Plan, Pension Fund which is subject to the provisions of
     the Employee Retirement Income Security Act of 1974 or Endowment Fund; see
     Section 240. 13d-1(b)(1)(ii)(F):             Yes
                                       4

(g)  Parent Holding Company, in accordance with Section 240.13d-1(b)(ii)(G)
(Note: See Item 7):      No

(h)  Group, in accordance with Section 240. 13d-1(b)(l)(ii)(H):  No

Item 4.                  Ownership


     If the percent of the class owned, as of December 31 of the year covered by
     the statement, or as of the last day of any month described in Rule 13d-
     1(b)(2), if applicable, exceeds five percent, provide the following
     information as of that date and identify those shares which there is a
     right to acquire:

     This Schedule was inadvertently not filed by February 14 of 1996 to report
     ownership levels as of December 31, 1995.  The ownership levels disclosed
     are as of December 31, 1995 but remain the same as of the date hereof.

     Not Applicable


Item 5.                  Ownership of Five Percent or Less of a Class


     If this statement is being filed to report the fact that as of the date
     hereof the reporting person has ceased to be the beneficial owner of more
     than five percent of the class of securities, check the following:     [x]

Item 6.                  Ownership of More than Five Percent on Behalf of

Another Person.


                                       5
     If any other person is known to have the right to receive or the power to
     direct the receipt of dividends from, or the proceeds from the sale of,
     such securities, a statement to that effect should be included in response
     to this item and, if such interest relates to more than five percent of the
     class, such person should be identified. A listing of the shareholders of
     an investment company registered under the Investment Company Act of 1940
     or the beneficiaries of employee benefit plan, pension fund or endowment
     fund is not required.

     Not applicable.

Item 7.                  Identification and Classification of the Subsidiary

Which Acquired the Security Being Reported on     By the Parent Holding Company


     If a parent holding company has filed this schedule, pursuant to Rule 13d-
     1(b)(ii)(G), so indicate under item 3(g) and attach an exhibit stating the
     identity and the Item 3 classification of the relevant subsidiary. If a
     parent holding company has filed this schedule pursuant to Rule 13d-1(c),
     attach an exhibit stating the identification of the relevant subsidiary.

     Not applicable.

Item 8.                  Identification and Classification of Members of the

Group


     If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(H), so
     indicate under Item 3(h) and attach an exhibit stating the identity and
     Item 3 classification of each member of the group. If a group has filed
     this schedule pursuant to Rule 13d-1(c), attach an exhibit stating the
     identity of each member of the group.

                                       6

     Not applicable.

Item 9.                  Notice of Dissolution of Group


     Notice of dissolution of a group may be furnished as an exhibit stating the
     date of the dissolution and that all further filings with respect to
     transactions in the security reported on will be filed, if required, by
     members of the group, in their individual capacity. See Item 5.

     Not applicable.

Item 10.                 Certification


     The following certification shall be included if the statement is filed
     pursuant to Rule 13d-1(b):
     By signing below I certify that, to the best of my knowledge and belief,
     the securities referred to above were acquired in the ordinary course of
     business and were not acquired for the purpose of and do not have the
     effect of changing or influencing the control of the issuer of such
     securities and were not acquired in connection with or as a participant in
     any transaction having such purposes or effect.


SIGNATURE


After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.

Date:  December 4, 1996

                                       7
Signature:



C. S. Sommer
Ralston Purina Employee Benefit Asset
Investment Committee





















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