UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 10)*
Hormel Foods Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
440452-10-0
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 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 the
disclosures provided in a prior cover page.
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
(however, see the Notes).
(continued on following page(s))
SCHEDULE 13G
CUSIP NO.44-452-10-0
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Hormel Foundation
41-0694716
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[ ]
(b)[ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
5. SOLE VOTING POWER
NUMBER OF 32,031,361
SHARES
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY None
EACH
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 32,031,361
WITH
8. SHARED DISPOSITIVE POWER
None
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
32,031,361
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
42.27
12. TYPE OF REPORTING PERSON*
CO
Item 1 (a) Name of Issuer:
Hormel Foods Corporation
Item 1 (b) Address of Issuer's Principal Executive Offices:
1 Hormel Place, Austin, Minnesota 55912-3680
Item 2 (a) Name of Person Filing:
The Hormel Foundation
Item 2 (b) Address of Principal Business Office, or, if
none, Residence:
501 16th Avenue N.E., Austin, Minnesota
55912-3680
Item 2 (c) Citizenship:
Minnesota
Item 2 (d) Title of Class of Securities:
Common Stock
Item 2 (e) CUSIP Number:
440452-10-0
Item 3. Statements Filed Pursuant to Rules 13d-1(b) or
13d-2(b)
Not applicable
Item 4. Ownership
(a) Amount Beneficially Owned:
32,031,361
(b) Percent of Class:
42.27%
(c) Number of shares as to which such person
has:
(i) sole power to vote or to direct the
vote
32,031,361
(ii) shares power to vote or to direct
the vote
--
(iii) sole power to dispose or to direct
the disposition of
32,031,361
(iv) shares power to dispose or to
direct the disposition of
--
Item 5. Ownership of Five Percent or Less of a Class
Not applicable
Item 6. Ownership of More than Five Percent on Behalf of
Another Person
The Hormel Foundation is a charitable foundation
incorporated in 1941; amended and restated July
28, 1980. Its assets include common stock of the
issuer which it has sole power to vote and the
sole power of disposition. Some of such common
stock is held in the capacity of trustee of
various trusts for which other persons have the
right to receive dividends. Each other person
having the right to receive dividends on such
common stock constituting more than five percent
of the outstanding common stock of the Issuer are
the following:
George A. Hormel II
Jamie Renee Hormel
Thomas D. Hormel
Rampa Robinson Hormel
James C. Hormel
Item 7. Identification and Classification of the
Subsidiary Which Acquired the Security Being
Reported on by the Parent Holding Company
Not applicable
Item 8. Identification and Classification of Members of
the Group
Not applicable
Item 9. Notice of Dissolution of Group
Not applicable
Item 10. Certification
Not applicable
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.
Dated: February 3, 1998
THE HORMEL FOUNDATION
Signature
D. J. HODAPP, Treasurer
Name/Title
5
