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Published on 10/26/2001 in the Prospect News Convertibles Daily.

Kellogg files $2 bln debt, stock, warrants, trust pfds, units shelf

New York, Oct. 26 - Kellogg Co. filed a shelf registration for up to $2 billion of debt securities and debt warrants, common stock and stock warrants, units, purchase contracts and trust preferreds with the Securities and Exchange Commission. Included in the registration is the stock to be issued if any of the securities are sold in convertible or exchangeable form.

The Battle Creek, Mich. cereals and convenience foods company said it would use proceeds for general corporate purposes unless specified otherwise at the time of sale.

For the six months to June 30, 2001, Kellogg had an earnings to fixed charge ratio of 3.2 times compared to 7.4 times for the same period of 2000.

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