EXHIBIT 99.1
FTC ISSUES REQUEST FOR
ADDITIONAL INFORMATION
IN PHILIP MORRIS/NABISCO MERGER
Parsippany, N.J. - August 21, 2000 - Philip Morris Companies Inc. and
Nabisco Holdings Corp. announced today that the Federal Trade Commission has
issued a request for additional information in connection with its antitrust
review of the proposed acquisition of Nabisco Holdings by Philip Morris. Such a
request is not uncommon in a transaction of this size.
As previously announced, the parties are working to close the transaction
prior to year-end.
CONTACT: John R. Barrows 973/682-7396
