To Our Shareholders: The Corporation changed its year end for fiscal 2000 to the Sunday nearest April 30 to correspond with the year end of its controlling shareholder, Smithfield Foods, Inc. The new reporting calendar has four quarters of thirteen weeks compared to the previous method of reporting thirteen four-week periods. Our report for the third quarter, therefore, compares the thirty-nine weeks ended January 28, 2001, to the thirty-seven weeks ended January 29, 2000.