Sara Lee Corporation's board of directors today authorized a regular quarterly dividend of $.135 per share on the company's common stock, payable on October 2, 2000. The dividend is payable to stockholders of record at the close of business on September 1, 2000. This is the 218th consecutive dividend declared by the corporation.

Sara Lee Corporation (www.saralee.com) is a global, branded consumer packaged goods company with more than $20 billion in annual revenues. Its leading brands include Sara Lee, Douwe Egberts, Hillshire Farm, Hanes and Playtex.