RALSTON PURINA CO
8-K, 2000-07-25
GRAIN MILL PRODUCTS
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of

                       THE SECURITIES EXCHANGE ACT OF 1934

                          Date of Report: July 24, 2000


                             RALSTON PURINA COMPANY
              ----------------------------------------------------
             (Exact name of Registrant as specified in its charter)

                  MISSOURI              1-4582       No.43-0470580
------------------------------------------------------------------------
            (State  or  Other     (Commission       (IRS Employer
           Jurisdiction  of     File  Number)         Identification
           Incorporation)                             Number)

                   CHECKERBOARD  SQUARE,  ST.  LOUIS,  MISSOURI      63164
----------------------------------------------------------------------------
                 (Address  of  Principal  Executive  Offices)       (Zip  Code)

                                 (314) 982-1000
                               -------------------
              (Registrant's telephone number, including area code)



<PAGE>
Item  5.  Other  Events.

On  July  24,  2000,  the  Company  issued  the  following  press  release:

"St.  Louis,  Missouri,  July 24, 2000 Ralston Purina Company (NYSE: RAL) today
announced that it will exchange for cash its 7% Exchangeable Notes ("SAILS") due
August  1, 2000, pursuant to the provisions of the SAILS.  The SAILS, or Stock
Appreciation Income Linked Securities, are listed  on  the  New  York  Stock
Exchange  under  the  symbol  "IBX".

In  addition,  Ralston announced that it has signed an agreement with Interstate
Bakeries  Corporation  (NYSE:  IBC)  to sell a total of 15,498,000 shares of IBC
Common  Stock  to  IBC  by  September 1, 2000.  The Company and IBC have amended
their  Shareholder  Agreement, first entered into in July 1995, to authorize the
sale  of  shares  to  IBC  and to eliminate a provision that would have required
Ralston  to  reduce  its  stake in IBC to no more than 20 percent of outstanding
shares  as  of  September  30,  2000.

Ralston's  equity  investment  in  IBC  relates  to  the  July  1995 sale of its
Continental  Baking  Company  subsidiary  to  IBC  for  cash  and  stock in IBC.

Ralston  Purina  Company  is the world's largest manufacturer of dry dog and dry
and  soft-moist  cat  foods, and a leading manufacturer of cat box filler in the
United  States  and  Canada."

Item  7.  Financial  Statements  and  Exhibits.

(c)        Exhibits.

     10.1  Amendment  #2  to  the  Shareholder  Agreement  and  Amendment
           to the Supplement  to  Shareholder  Agreement  between  Ralston
           Purina  Company  and Interstate  Bakeries  Corporation  dated
           July  24,  2000.

     10.2  Share  Purchase  Agreement  between  Ralston  Purina
           Company and Interstate Bakeries Corporation  dated
           July  24,  2000.

<PAGE>

                                   SIGNATURES

Pursuant  to  the  requirements  of  the  Securities  Exchange  Act of 1934, the
Registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  hereunto  duly  authorized.


RALSTON  PURINA  COMPANY




By: /s/ James R. Elsesser
    -------------------------------------
    James  R.  Elsesser
    Vice  President,  Chief  Financial  Officer
    and Treasurer



Dated:  July  25,  2000


<PAGE>


Index  of  Exhibits


         10.1     Amendment  #2  to  the  Shareholder  Agreement  and
                  Amendment to the Supplement  to  Shareholder  Agreement
                  between  Ralston  Purina Company  and Interstate
                  Bakeries  Corporation  dated  July  24,  2000.

          10.2    Share  Purchase  Agreement  between  Ralston  Purina
                  Company and Interstate Bakeries  Corporation  dated
                  July  24,  2000.









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