NABISCO GROUP HOLDINGS CORP
SC 13D/A, 2000-04-12
COOKIES & CRACKERS
Previous: PRUDENTIAL VARIABLE CONTRACT REAL PROPERTY ACCOUNT, POS AM, 2000-04-12
Next: WINCANTON CORP, 8-K, 2000-04-12



                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                           --------------------------
                                  SCHEDULE 13D
                    Under the Securities Exchange Act of 1934
                               (Amendment No. 6)*
                           --------------------------
                          NABISCO GROUP HOLDINGS CORP.
                                (Name of Issuer)

                     COMMON STOCK, $.01 PAR VALUE PER SHARE
                         (Title of Class of Securities)

                                   74960K 876
                      (CUSIP Number of Class of Securities)

                               Marc Weitzen, Esq.
                                 General Counsel
                                Legal Department,
                  Icahn Associates Corp. & affiliated companies
                          767 Fifth Avenue, 47th Floor
                            New York, New York 10153
                                 (212) 702-4350

                  (Name, Address and Telephone Number of Person
  Authorized to Receive Notices and Communications on behalf of Filing Persons)

                                 April 10, 2000
             (Date of Event which Requires Filing of this Statement)

If the filing person has previously  filed a statement on Schedule 13G to report
the  acquisition  that is the subject of this  Schedule  13D, and is filing this
schedule because of Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box / /.

NOTE:  Schedules  filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.

*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for  any  subsequent   amendment   containing   information  which  would  alter
disclosures provided in a prior cover page.

The information required on 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  (however,  see the
Notes).

                                        1


<PAGE>



                                  SCHEDULE 13D

CUSIP No. 74960K 876

1        NAME OF REPORTING PERSON
                  Barberry Corp.

         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON


2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                  (a) /X/
                  (b) / /

3        SEC USE ONLY

4        SOURCE OF FUNDS*
                  WC & OO

5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
         PURSUANT TO ITEMS 2(d) or 2(e)                       / /

6        CITIZENSHIP OR PLACE OF ORGANIZATION
                  Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7                 SOLE VOTING POWER
                              8,617,100

8                 SHARED VOTING POWER
                              0

9                 SOLE DISPOSITIVE POWER
                              8,617,100

10                SHARED DISPOSITIVE POWER
                              0

11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
         PERSON

                              8,617,100

12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
         SHARES*
         /  /

13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                  2.64%

14       TYPE OF REPORTING PERSON*
                  CO

                                        2


<PAGE>



                                  SCHEDULE 13D

CUSIP No. 74960K 876

1        NAME OF REPORTING PERSON
                                Icahn & Co., Inc.

         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                  (a) /X/
                  (b) / /

3        SEC USE ONLY

4        SOURCE OF FUNDS*
                  WC & OO

5C       HECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
         PURSUANT TO ITEMS 2(d) or 2(e)                       / /

6        CITIZENSHIP OR PLACE OF ORGANIZATION
                  Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7        SOLE VOTING POWER
                  8,272,900

8        SHARED VOTING POWER
                  0

9        SOLE DISPOSITIVE POWER
                  8,272,900

10       SHARED DISPOSITIVE POWER
                  0

11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
         PERSON
                  8,272,900

12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
         SHARES*
                  /  /

13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                  2.5%

14       TYPE OF REPORTING PERSON*
                  CO

                                        3


<PAGE>



                                  SCHEDULE 13D

CUSIP No. 74960K 876

1        NAME OF REPORTING PERSON
                  High River Limited Partnership

         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON


2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                  (a) /X/
                  (b) /   /

3        SEC USE ONLY

4        SOURCE OF FUNDS*
                  WC & OO

5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
         PURSUANT TO ITEMS 2(d) or 2(e)                       / /

6        CITIZENSHIP OR PLACE OF ORGANIZATION
                  Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7        SOLE VOTING POWER
                  14,347,200

8        SHARED VOTING POWER
                  0

9        SOLE DISPOSITIVE POWER
                  14,347,200

10       SHARED DISPOSITIVE POWER
                  0

11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
         PERSON
                  14,347,200

12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
         SHARES*
                  /  /

13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                  4.4%

14       TYPE OF REPORTING PERSON*
                  PN

                                        4


<PAGE>



                                  SCHEDULE 13D

CUSIP No. 74960K 876

1        NAME OF REPORTING PERSON
                  Riverdale LLC

         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                  (a) /X/
                  (b) /  /

3        SEC USE ONLY

4        SOURCE OF FUNDS*
                  WC & OO

5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
         PURSUANT TO ITEMS 2(d) or 2(e)                       / /

6        CITIZENSHIP OR PLACE OF ORGANIZATION
                  New York

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7        SOLE VOTING POWER
                  0

8        SHARED VOTING POWER
                  14,347,200

9        SOLE DISPOSITIVE POWER
                  0

10       SHARED DISPOSITIVE POWER
                  14,347,200

11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
         PERSON
                  14,347,200

12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
         SHARES*
                  /  /

13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                  4.4%

14       TYPE OF REPORTING PERSON*
                  OO

                                        5


<PAGE>



                                  SCHEDULE 13D

CUSIP No. 74960K 876

1        NAME OF REPORTING PERSON
                  Carl C. Icahn

         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                  (a) /X/
                  (b) /  /

3        SEC USE ONLY

4        SOURCE OF FUNDS*
                  WC OO

5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
         PURSUANT TO ITEMS 2(d) or 2(e)                       / /

6        CITIZENSHIP OR PLACE OF ORGANIZATION
                            United States of America

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7        SOLE VOTING POWER
                  0

8        SHARED VOTING POWER
                  31,237,200

9        SOLE DISPOSITIVE POWER
                  0

10       SHARED DISPOSITIVE POWER
                  31,237,200

11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
         PERSON
                  31,237,200

12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
         SHARES*
                  /  /

13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                  9.6%

14       TYPE OF REPORTING PERSON*
                  IN

                                        6


<PAGE>



                                  SCHEDULE 13D

Item 1.  Security and Issuer

         The Schedule 13D filed with the U.S. Securities and Exchange Commission
on February 4, 2000,  and amended on March 2, 2000,  March 13,  2000,  March 30,
2000 and April 4, 2000 by the  Registrants,  relating to the common shares,  par
value $0.01 per share  ("Shares"),  of Nabisco Group Holdings  Corp., a Delaware
corporation  ("Issuer"),  is amended to furnish the additional  information  set
forth herein.  All capitalized  terms contained herein but not otherwise defined
shall have the meaning  ascribed to such terms in the previously filed statement
on Schedule 13D.

ITEM 6.  Contracts, Arrangements, Understandings or Relationship with Respect to
         Securities of the Issuer

         On April 10, 2000,  Registrants filed Amendment No. 5 to their Schedule
13D. That filing contemplated the attachment of a confidentiality  agreement and
press  release as Exhibits 1 and 2. Those  attachments  were  inadvertently  not
included in the filing.  The  confidentiality  agreement  and the related  press
release  are filed as  Exhibit 1 and  Exhibit  2 hereto,  respectively,  and are
incorporated herein by reference.

ITEM 7.  Material to be Filed as Exhibits

1.       Confidentiality Agreement between High River Limited Partnership and
         Nabisco Group
         Holdings Corp., dated April 10, 2000

2.       Press Release, dated April 10, 2000



                                        7


<PAGE>



                                    SIGNATURE

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

Dated: April 12, 2000


BARBERRY CORP.

By:_________________________________
         Name:  Carl C. Icahn
         Title: Chairmen of the Board and President

ICAHN & CO., INC.


By:__________________________________
         Name:  Carl C. Icahn
         Title: Chairman of the Board and President


HIGH RIVER LIMITED PARTNERSHIP

By:      RIVERDALE LLC,
         General Partner


         By:____________________________
             Name: Carl C. Icahn
             Title: Member

RIVERDALE LLC


By:___________________________________
         Name:  Carl C. Icahn
         Title: Member

- --------------------------------------
CARL C. ICAHN

     [Signature Page of the Amendment No. 6 to Schedule 13D with respect to
                         Nabisco Group Holdings Corp. ]

                                        8

                                                                       Exhibit 1

                          NABISCO GROUP HOLDINGS CORP.
                                 7 Campus Drive
                              Parsippany, NJ 07054


                                                                 April 10, 2000

High River Limited Partnership
767 Fifth Avenue
New York, NY  10153

Ladies and Gentlemen:

         In order to allow you to  evaluate a possible  acquisition  of or other
transaction involving  (collectively,  the "Possible Transaction") Nabisco Group
Holdings Corp.  ("NGH") or Nabisco  Holdings Corp.  ("NA") (NGH and NA, together
with their  subsidiaries,  "Nabisco"),  we are prepared to deliver to you,  upon
your execution and delivery to us of this letter agreement,  certain information
about the business, properties and operations of Nabisco.

         All information  about Nabisco  furnished by us or our  Representatives
(as defined below),  whether furnished before or after the date hereof,  whether
oral or written,  and  regardless  of the manner in which it is furnished or the
person who prepared such information, is referred to in this letter agreement as
"Confidential  Information".  The term "Confidential  Information" shall include
all reports,  analyses, notes or other information that are based on, contain or
reflect any Confidential Information. Confidential Information does not include,
however,  information which (a) is or becomes generally  available to the public
other  than  as a  result  of a  disclosure  by you or your  Representatives  in
violation  of  this  agreement  or  (b)  is or  becomes  available  to  you on a
nonconfidential  basis from a person (other than us or our  Representatives) who
is  not  otherwise  bound  by  a  confidentiality   agreement  with  us  or  any
Representative  of ours,  or is otherwise  not under an  obligation to us or any
Representative  of ours not to transmit the  information to you. As used in this
letter  agreement,  the term  "Representative"  means,  as to any  person,  such
person's affiliates and its and their directors,  officers,  employees,  agents,
advisors  (including,  without  limitation,   financial  advisors,  counsel  and
accountants),  financing sources and controlling  persons;  provided that if any
person  who  would  otherwise  be your  Representative  signs a  confidentiality
agreement with us, that person will no longer be considered your  Representative
for whom you are responsible under this agreement.

         Except  as  provided  in  the  following  two  paragraphs,  and  unless
otherwise  agreed to in writing by NGH,  you agree (a) to keep all  Confidential
Information  confidential and not to disclose,  or permit the disclosure of, any
Confidential  Information to any person other than your  Representatives who are
actively  and  directly   participating  in  your  evaluation  of  the  Possible
Transaction or who otherwise need to know the  Confidential  Information for the
purpose of  evaluating  the Possible  Transaction  and to cause those persons to
observe the terms of this letter agreement, (b)

                                        1


<PAGE>



not to use  Confidential  Information  for any purpose  other than in connection
with your  evaluation of the Possible  Transaction  or the  consummation  of the
Possible  Transaction  in a  manner  that we have  approved  and (c)  except  as
required  (in the  judgment  of your  counsel) by the  federal  securities  laws
including Section 13(d) of the Securities  Exchange Act of 1934, not to disclose
to any person  (other than those of your  Representatives  who are  actively and
directly  participating  in your  evaluation of the Possible  Transaction or who
otherwise  need to know for the purpose of evaluating  the Possible  Transaction
and,  in the case of your  Representatives,  whom you will cause to observe  the
terms of this letter agreement) any information  about the Possible  Transaction
including your interest  therein,  or the terms or conditions or any other facts
relating thereto,  including,  without limitation, the fact that discussions are
taking  place  with  respect  thereto or the  status  thereof,  or the fact that
Confidential Information has been made available to you or your Representatives.
Without  limiting the generality of the foregoing,  you agree that,  without our
prior  written  consent  (which will not be  unreasonably  withheld or delayed),
prior  to the  End  Date  (as  defined  below)  neither  you  nor  any  of  your
Representatives  will  contact  or  communicate  with any  other  person  or its
Representatives  regarding the  possibility of (i) making a joint proposal for a
Possible  Transaction  or (ii)  purchasing,  selling or exchanging  any material
portion of Nabisco following a Possible Transaction by you or such other person.
You will be responsible for any breach of the terms of this letter  agreement by
you or  your  Representatives.  You  will  maintain  a  record  of  all of  your
Representatives  to whom  Confidential  Information is provided and will provide
such record to NGH upon request.

         We understand  that you intend to issue a press release  announcing the
signing of this  confidentiality  agreement and to file a copy of this agreement
as an  exhibit  to your  statement  of  beneficial  ownership  on  Schedule  13D
(collectively,  the "CA  Announcement"),  and we consent to the issuance of such
release and to such filing for purposes of the foregoing paragraph.

         In the  event  that you are  requested  pursuant  to, or  required  by,
applicable  law or regulation  or by legal process to disclose any  Confidential
Information  or  any  other  information  concerning  Nabisco  or  the  Possible
Transaction,  you agree  that you will  provide  us with  prompt  notice of such
request or requirement  in order to enable us to seek an appropriate  protective
order or other  remedy  or to waive  compliance,  in whole or in part,  with the
terms of this  letter  agreement.  You agree to  cooperate  with us (at our sole
expense) if we seek to obtain such an order or other  remedy.  In the event that
such  protective  order or other  remedy is not  obtained,  or NGH  waives  your
compliance with the provisions of this letter  agreement,  you will furnish only
that portion of the Confidential Information, or such other information,  which,
in the written opinion of your counsel  addressed to NGH, is legally required to
be furnished,  and will exercise your best efforts to obtain reliable assurances
that  confidential  treatment will be accorded the  Confidential  Information or
such other information.

         You hereby  acknowledge  that, in your  examination of the Confidential
Information,  you may receive material nonpublic information concerning Nabisco,
and

                                        2


<PAGE>



that you are aware  (and  that your  Representatives  who are  apprised  of this
matter  have been or will be advised by you) that the United  States  securities
laws restrict persons who possess certain nonpublic  information relating to the
issuer of such securities from purchasing or selling securities in reliance upon
such information or from  communicating  such information to any other person or
entity  under  circumstances  in which it is  reasonably  foreseeable  that such
person or entity is likely to purchase or sell such  securities in reliance upon
such information.

         You also agree that from the date of this  letter  agreement  until the
date (the "End Date") that is the earlier of (i) July 15, 2000 and (ii) the date
a definitive  agreement has been  executed with any person  regarding a Possible
Transaction,  neither  you nor any of your  affiliates  will,  without the prior
written consent of NGH or its Board of Directors:

(a)      acquire, propose or offer to acquire, or agree to acquire,  directly or
         indirectly,  by purchase or otherwise, any securities or assets of NGH,
         NA or any of their  subsidiaries  other than  pursuant to the  Process,
         provided  that pension  plans  sponsored or  maintained by you for your
         employees  may  acquire  in  the  aggregate  not  more  than  5% of the
         outstanding securities of NGH or NA;

(b)      make,  or in any  way  participate  in,  directly  or  indirectly,  any
         solicitation  of proxies to vote,  or seek to advise or  influence  any
         person or entity with respect to the voting of any voting securities of
         NGH, NA or any of their subsidiaries;

(c)      make any public  announcement  with respect to, or, other than pursuant
         to the  Process,  submit a proposal  for,  or offer of (with or without
         conditions),  any extraordinary transaction involving NGH, NA or any of
         their subsidiaries or any of their securities or assets, except for the
         CA Announcement or as required (in the judgment of your counsel) by the
         federal  securities  laws  including  Section  13(d) of the  Securities
         Exchange Act of 1934; or

(d)      form, join or in any way participate in a "group" as defined in Section
         13(d)(3) of the Securities Exchange Act of 1934, as amended (other than
         a group comprised solely of your affiliated  companies),  in connection
         with any of the foregoing.

         If you  determine  that you do not wish to  proceed  with the  Possible
Transaction,  you will promptly advise us of that decision.  In that case, or in
the event that the Possible  Transaction is consummated by another  person,  you
will, upon our request,  promptly  deliver to us all  Confidential  Information,
including all copies, reproductions,  summaries, analyses or extracts thereof or
based thereon prepared by you or any Representative of yours;  provided that you
may, in lieu of delivery of analyses or other materials prepared by you, destroy
such materials and promptly certify such destruction. Notwithstanding the return
of all  Confidential  Information,  you will  continue  to be bound by the terms
hereof.

                                        3


<PAGE>



         You acknowledge that none of Nabisco, Warburg Dillon Read LLC ("Warburg
Dillon Read"), Morgan Stanley & Co. Incorporated ("Morgan Stanley", and together
with Warburg Dillon Read, the "Financial Advisors") or our other Representatives
and none of the respective officers, directors, employees, agents or controlling
persons of Nabisco, the Financial Advisors or such other  Representatives  makes
any  express  or  implied  representation  or  warranty  as to the  accuracy  or
completeness of any  Confidential  Information,  and you agree that none of such
persons shall have any liability to you or any of your Representatives  relating
to or arising from your or their use of any Confidential  Information or for any
errors therein or omissions therefrom.  You also agree that you are not entitled
to rely on the accuracy or completeness of any Confidential Information and that
you shall be  entitled  to rely solely on such  representations  and  warranties
regarding  Confidential  Information  as may be  made  to you in any  definitive
agreement  relating  to the  Possible  Transaction,  when,  as,  and if  finally
executed, subject to the terms and conditions of any such agreement.

         You agree that,  without our prior written consent,  you will not for a
period of two years from the date  hereof  directly  or  indirectly  solicit for
employment  or employ any  employee of Nabisco with whom you have had contact or
who became known to you in connection  with your  consideration  of the Possible
Transaction;  provided  that the foregoing  provision  will not prevent you from
employing any such person who contacts you on his or her own initiative  without
any direct or indirect solicitation by or encouragement from you.

         Each party to this  letter  agreement  agrees  that  unless and until a
definitive  agreement  regarding  the Possible  Transaction  has been  executed,
neither  party  nor any of their  respective  Representatives  will be under any
legal obligation to the other party with respect to the Possible  Transaction as
a result of this agreement and shall have no liability of any nature  whatsoever
with respect to the Possible Transaction by virtue of this letter agreement.

         You  acknowledge  and  agree  that (i) we and our  Representatives  may
conduct the process  that may or may not result in the Possible  Transaction  in
such manner as we, in our sole  discretion,  may determine  (including,  without
limitation, negotiating and entering into a final agreement with any third party
without  notice to you) and (ii) we  reserve  the  right to change  (in our sole
discretion,  at any time and without notice to you) the  procedures  relating to
our and  your  consideration  of the  Possible  Transaction  (collectively,  the
"Process").

         It is further  understood  and agreed that the Financial  Advisors will
arrange all contacts  for due  diligence  purposes.  It is also  understood  and
agreed  that all (i)  communications  regarding  a  Possible  Transaction,  (ii)
requests for  additional  information,  (iii)  requests  for  facility  tours or
management meetings and (iv) discussions or questions regarding procedures, will
be submitted or directed exclusively to the Financial Advisors, and that neither
you nor any of your  Representatives  will initiate or cause to be initiated any
communication with Nabisco or any of its

                                        4


<PAGE>



Representatives  other than the Financial  Advisors  concerning the Confidential
Information or a Possible Transaction.

         You agree that money damages  would not be a sufficient  remedy for any
breach of this letter agreement by you or your Representatives, that in addition
to all other  remedies  Nabisco  shall be entitled to specific  performance  and
injunctive or other  equitable  relief as a remedy for any such breach,  and you
further   agree  to  waive,   and  to  use  your  best  efforts  to  cause  your
Representatives  to waive,  any  requirement  for the securing or posting of any
bond in connection with such remedy. In the event of litigation relating to this
letter agreement,  if a court of competent  jurisdiction  determines that you or
any of your  Representatives  have breached this letter agreement,  you shall be
liable and pay to Nabisco  the  reasonable  legal  fees  incurred  by Nabisco in
connection with such litigation, including any appeal therefrom.

         It is further  understood  and agreed that no failure or delay by us in
exercising  any right,  power or privilege  hereunder  shall operate as a waiver
thereof,  nor shall any single or partial exercise thereof preclude any other or
further  exercise  thereof  or the  exercise  of any right,  power or  privilege
hereunder.

         This letter  agreement shall be governed by and construed in accordance
with the laws of the State of New York  applicable to contracts  executed in and
to be  performed  in that state.  In the event that any  provision or portion of
this letter is  determined  to be invalid or  unenforceable  for any reason,  in
whole or in part,  the  remaining  provisions of this letter shall be unaffected
thereby  and  shall  remain  in full  force and  effect  to the  fullest  extent
permitted by applicable law.

         Any  assignment  of this  letter  agreement  by you  without  our prior
written  consent shall be void.  This letter  agreement  shall be enforceable by
NGH, NA or any of their  subsidiaries.  This letter agreement may be executed in
counterparts,  each of which shall be deemed to be an original and each of which
shall constitute the same agreement.

         This letter agreement  contains the entire agreement between you and us
concerning confidentiality of the Confidential Information,  and no modification
of this letter  agreement or waiver of the terms and conditions  hereof shall be
binding upon you or us, unless approved in writing by each of you and us.

         Unless otherwise provided,  this letter agreement shall be binding upon
the parties hereto for a period of three years from the date hereof.

                                        5


<PAGE>


         Please  confirm  your  agreement  with the  foregoing  by  signing  and
returning to the undersigned one copy of this letter agreement.

                                            NABISCO GROUP HOLDINGS CORP.



                                            By: ___________________________
                                                  Name:
                                                  Title:



Accepted and Agreed
as of the date
first written above:


__________________________
Name of Company

By:  __________________________
      Name:
      Title:








 [This is a signature page to a confidentiality letter agreement dated April 7,
 2000 between Nabisco Group Holdings Corp. and High River Limited Partnership.]




                                        6

                                                                       Exhibit 2



                              FOR IMMEDIATE RELEASE

                     Icahn To Participate in Bidding Process

                       Conducted By Nabisco Group Holdings

             Confidentiality Agreement Signed; Diligence to Commence

New York,  New York.  April 10, 2000.  Carl C. Icahn  announced  today that High
River  Limited  Partnership,  an  affiliate  of Mr.  Icahn,  has entered  into a
confidentiality  agreement with Nabisco Group Holdings Corp.  (NYSE:  NGH). As a
result,  Mr. Icahn and his affiliates  will  participate in the bidding  process
being  coordinated  by Morgan  Stanley and Warburg  Dillon Reed.  The  agreement
allows  Mr.  Icahn  to seek  "strategic"  partners  to join in his bid  with the
consent of NGH, which is not to be unreasonably withheld. However, the agreement
in no way  restricts  Mr. Icahn from  bringing  lending  institutions  and other
sources of capital  into the  project.  In this  regard,  Mr. Icahn has selected
Industrial Bank of Japan (IBJ) to commence the due diligence  process as soon as
possible and he expects to involve other "financial" partners as well.

Under the terms of the agreement  with NGH, Mr. Icahn and his affiliates are not
permitted to solicit proxies from NGH  stockholders,  or to purchase  additional
NGH shares,  until the earlier of July 15, 2000 or the time that NGH enters into
an agreement  with another  purchaser.  As a result,  Mr. Icahn will not proceed
with the proposed proxy solicitation or tender offer previously announced.

Mr. Icahn is currently the largest non-institutional stockholder of NGH, with
over 31 million shares.




- --------------------------------------------------------------------------------
   In light of the provisions of the agreement  referred to above, Mr. Icahn and
   his  affiliates   currently  do  not  intend  to  commence   either  a  proxy
   solicitation for the NGH 2000 annual  stockholders  meeting or a tender offer
   relating to shares of Nabisco  Group  Holdings.  However,  if, at some future
   date,  a  proxy  solicitation  for any  meeting  and/or  a  tender  offer  is
   commenced,  then  they  will  file a proxy  statement  and/or a tender  offer
   statement with the Securities and Exchange Commission. Those statements would
   contain  important  information  and  should  be  read by  security  holders.
   Security  holders would be able to obtain at no charge those  statements  and
   other  documents  when they become  available on the  Securities and Exchange
   commission's website at http://www.sec.gov. In addition, any definitive proxy
   statement,  form of proxy, offer to purchase, letter of transmittal or notice
   of guaranteed delivery, would be mailed to stockholders.

- --------------------------------------------------------------------------------



                                     # # # #


Contact:  Susan Gordon: (212) 702-4309 or Karen Kavanagh: (212) 702-4310

                                                         2




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission