The Quaker Oats Company (NYSE: OAT) today reported earnings per share of $3.40 for the year ended Dec. 31, 2000, excluding unusual items. This compares to $2.80 per share in 1999, an increase of 21 percent. Including unusual items in both years, Quaker reported earnings per share of $2.61 in 2000, versus $3.23 per share in 1999, a decrease of 19 percent. (See section entitled "Unusual Items" for details.)