St. Louis, Missouri and Wilmington, Delaware
October 8,  2001

Monsanto Company (NYSE: MON) and DuPont (NYSE: DD) announced today that they have resolved, on mutually beneficial terms, the issues related to Monsanto's MON810 YieldGard(R) insect-protected corn trait used in Pioneer Hi-Bred International Inc.'s corn hybrids. The resolution includes the dismissal of several lawsuits regarding the development, licensing and sale of MON810 YieldGard(R) products in U.S. District Courts in Rockford, Ill., and St. Louis.

Under these agreements, DuPont subsidiary Pioneer Hi-Bred International, Inc., will continue to offer its customers MON810YieldGard(R) insect-protected corn hybrids under a royalty-bearing license from Monsanto. Specific details of the agreements have not been disclosed.

Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality. For more information on Monsanto and biotechnology, see: www.monsanto.com . 

Pioneer Hi-Bred International, Inc., a subsidiary of DuPont, is the world's leading source of customized solutions for farmers, livestock producers, and grain and oilseed processors. With headquarters in Des Moines, Iowa, Pioneer provides access to advanced plant genetics, crop protection solutions, and quality crop systems to customers in nearly 70 countries.

DuPont is a science company, delivering science-based solutions that make a difference in people's lives in food and nutrition; health care; apparel; home and construction; electronics; and transportation. Founded in 1802, the company operates in 70 countries and has 85,000 employees.

Company news release
N3860