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Exhibit 4
CRAIG
ENTERPRISES, INC.
August 11, 2000
Board of Directors of Jenny Craig, Inc.
Jenny Craig, Inc.
11355 N. Torrey Pines Road
La Jolla, California 92038-7910
Gentlemen and Madam:
Craig Enterprises, Inc. ("CEI") hereby withdraws its proposal, as
set forth in its letter dated June 2, 2000, to acquire for $3.75 per share all
of the outstanding shares of common stock of Jenny Craig, Inc. not already owned
by SJF. The substantial decline over the past two months in the level of sales
and pre-tax income from the Australian operations is the principal reason for
the withdrawal of the proposal.
Sincerely yours,
Craig Enterprises, Inc.
By: /s/ Sidney Craig
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Name: Sid Craig
Title: President
