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1 9 9 8   A n n u a l   R e p o r t
 c o n t e n t s

       

C O N S O L I D A T E D    S T A T E M E N T S   O F    
S H A R E H O L D E R S '    E Q U I T Y
In Thousands Preferred
Stock
Face Value

Common
Stock,
Par Value $1

 Additional
Paid-in
Capital		 Accumulated Other
Comprehensive
Income (Loss)		 Retained
Earnings		 Total
Balance, January 27, 1996 $282,500  $ 72,486  $270,839  $(1,680) $140,489  $  764,634 
   Comprehensive income:
      Net income -  -  -  -  363,123  363,123 
      Foreign currency
      translation		 -   -  -  642  - 642 
   Total comprehensive
   income		 363,765 
   Cash dividends:
      Preferred stock  -  -  -  -  (13,741) (13,741)
      Common stock -  -  -  -  (21,278) (21,278)
   Conversion of
   cumulative preferred
      stock into
      common stock:
         Series A (25,000) 1,190  23,810  -  -  - 
         Series C (82,500) 3,178  79,322  -  -  - 
         Series D (25,000) 1,350  23,650  -  -  - 
   Issuance of common
   stock under stock
      incentive plans and
      related tax benefits		  -  1,372  32,786  -  -  34,158 
   Other -  -  (352) -  -  (352)
Balance, January 25, 1997 150,000  79,576  430,055  (1,038) 468,593  1,127,186 
   Comprehensive income:
      Net income -  -  -  -  304,815  304,815 
      Foreign currency
      translation		 -  -  -  (643) -  (643)
      Unrealized gains
      on securities		 -  -  -  4,998  -  4,998 
   Total comprehensive
   income		 309,170 
   Cash dividends:
      Preferred stock -  -  -  -  (11,668) (11,668)
      Common stock -  -  -  -  (31,832) (31,832)
   Conversion of
   cumulative Series E
      preferred stock
      into common stock		 (77,020) 8,315  68,705  -  -  - 
   Stock repurchased:
      Preferred (250) -   -  -  (500) (750)
      Common -  (8,528) (235,920) -  -  (244,448)
   Stock split, two-for-one -  79,823  (79,823) -  -  - 
   Issuance of common
   stock under stock
      incentive plans and
      related tax benefits		 -  715  15,719  -  -  16,434 
Balance, January 31, 1998 72,730  159,901  198,736  3,317  729,408  1,164,092 
   Comprehensive income:
      Net income -  -  -  -  424,154  424,154 
      Foreign currency
      translation		 -  -  -  152  -  152 
      Reclassification of
      unrealized gains		 -   -  -  (4,998) -  (4,998)
   Total comprehensive
   income		 419,308 
   Cash dividends:
      Preferred stock -  -  -  -  (3,523) (3,523)
      Common stock -  -  -  -  (38,134) (38,134)
   Conversion of cumulative
   Series E
      preferred stock into
      common stock		 (72,730) 14,682  58,048  -  -  - 
   Common stock
   repurchased		  -  (12,998) (187,859) -  (149,462) (350,319)
   Stock split,
   two-for-one		 -  158,954  (96,555) -  (62,399) - 
   Issuance of common
   stock under stock
      incentive plans and
      related tax benefits		 -  1,602  27,630  -  -  29,232 
Balance, January 30, 1999 $-  $322,141  $-  $(1,529) $900,044  $1,220,656 
The accompanying notes are an integral part of the financial statements.

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