American Stores Company to Suspend Annual Shareholder Meeting and Mailing of 1998 Annual Report and Proxy Statement

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American Stores Company to Suspend Annual Shareholder Meeting and Mailing of 1998 Annual Report and Proxy Statement

                      Form 10-K Has Been Filed with SEC

    SALT LAKE CITY, May 13 /PRNewswire/ -- American Stores Company
(NYSE: ASC) today announced that due to its pending merger with Albertson's,
Inc. (NYSE: ABS), it has not scheduled a 1999 annual meeting of shareholders.
Accordingly, the Company does not intend to mail an annual report or proxy
statement that would normally be mailed to shareholders in advance of the
annual meeting.
    The Company has filed its 1998 Form 10-K with the Securities and Exchange
Commission, which contains the Company's financial statements, results of
operations and other information for the fiscal year ended January 30, 1999.
The report also contains much of the information that has historically been
included in the Company's annual report and proxy statement.  Shareholders of
the Company may obtain a copy of the Form 10-K free of charge by contacting:

    American Stores Company
    Investor Relations
    299 South Main Street, 23rd Floor
    Salt Lake City, UT  84111
    10-K Request line:  (801)961-3000

    The Form 10-K can also be accessed on the INTERNET through the Company's
web site (http://www.americanstores.com) and the SEC's web site (http://www.sec.gov).

    Cautionary Note:  This press release may contain certain forward-looking
statements about the future performance of the Company and about its pending
merger transaction which are based on management's assumptions and beliefs in
light of the information currently available to it.  The Company assumes no
obligation to update the information contained herein.  These forward-looking
statements are subject to uncertainties and other factors that could cause
actual results to differ materially from such statements.  Further discussion
of these risk factors can be found in the Company's periodic filings with the
Securities and Exchange Commission.

SOURCE American Stores Company

http://www.americanstores.com
Company News On-Call:

http://www.prnewswire.com/comp/048750.html or fax,
800-758-5804, ext. 048750
CONTACT:
Daniel J. Zvonek, Director - Investor and
Public Relations of American Stores Company, 801-961-4525