Philip Morris Companies Inc. said that its wholly-owned food and beverage subsidiary, Kraft Foods Inc. today filed with the Securities and Exchange Commission (SEC) a registration statement relating to the initial public offering of Kraft Foods Inc. common stock. The joint book-running managers for the offering will be Credit Suisse First Boston and Salomon Smith Barney. Copies of the preliminary prospectus related to the offering, when available, may be obtained from Credit Suisse First Boston, Eleven Madison Avenue, New York, NY 10010 or Salomon Smith Barney, 388 Greenwich Street, New York, NY 10013.