<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>6
<FILENAME>dex993.txt
<DESCRIPTION>PRO FORMA FINANCIAL INFORMATION
<TEXT>
<PAGE>

                                                                    EXHIBIT 99.3

                              UNAUDITED PRO FORMA
                    COMBINED CONDENSED FINANCIAL STATEMENTS
             REFLECTING ACQUISITION FOR CASH OF 50.1% OF IBP, INC.

   The following Unaudited Pro Forma Combined Condensed Balance Sheet at June
30, 2001 and the Unaudited Pro Forma Combined Condensed Statement of Income for
the fiscal year ended September 30, 2000 and the Unaudited Pro Forma Combined
Condensed Statement of Income for the nine months ended June 30, 2001 and,
together with the Pro Forma Balance Sheet, the "Tender Offer Pro Forma
Financial Statements" are presented using the purchase method of accounting to
give effect to the purchase by Tyson of 50.1% of the outstanding common stock
of IBP for cash. The Tender Offer Pro Forma Financial Statements do not reflect
the anticipated acquisition by Tyson of the remaining 49.9% interest in IBP in
the merger contemplated by Tyson.

     The Tender Offer Pro Forma Balance Sheet is derived from the unaudited
financial statements of Tyson contained in Tyson's Quarterly Report on Form 10-Q
for the nine months ended June 30, 2001 (the "Tyson 10-Q") and the unaudited
financial statements of IBP contained in IBP's Quarterly Report on Form 10-Q for
the twenty-six weeks ended June 30, 2001 (the "IBP 10-Q") and is presented as if
the cash tender offer had been completed on June 30, 2001. The Tender Offer
Unaudited Pro Forma Combined Condensed Income Statement for the fiscal year
ended September 30, 2000 has been derived from the audited financial statements
of Tyson contained in Tyson's Annual Report on Form 10-K for the fiscal year
ended September 30, 2001 and the unaudited financial statements of IBP contained
in IBP's restated historical financial statements contained in IBP's Annual
Report on Form 8-K, dated November 3, 2000, as amended, and IBP's restated
historical unaudited financial statements contained in IBP's Quarterly Reports
on Form 10-Q (the "IBP Restated 10-Qs"), and is presented as if the cash tender
offer had been completed on October 3, 1999. The Tender Offer Unaudited Pro
Forma Combined Condensed Income Statement for the nine months ended June 30,
2001 has been derived from the unaudited financial statements of Tyson contained
in the Tyson 10-Q and the financial statements and information of IBP contained
in IBP's Annual Report on Form 10-K for the fiscal year ended December 30, 2000,
the IBP 10-Q and the IBP Restated 10-Qs.

   The pro forma adjustments reflected in the Tender Offer Pro Forma Financial
Statements represent estimated values and amounts based on available
information regarding IBP's assets and liabilities. The actual adjustments that
will result from the cash tender offer will be based on further evaluations and
may differ substantially from the adjustments presented herein. The Tender
Offer Pro Forma Financial Statements are presented for illustrative purposes
only and are not necessarily indicative of the financial position or operating
results that would have been achieved had the cash tender offer been
consummated as of the dates indicated or of the results that may be obtained in
the future.

     The Tender Offer Pro Forma Financial Statements should be read in
conjunction with the accompanying notes and the historical financial statements
of the corporations incorporated by reference or referred to in this Form 8-K.


                                        1

<PAGE>

                               TYSON FOODS, INC.

       UNAUDITED TENDER OFFER PRO FORMA COMBINED CONDENSED BALANCE SHEET

             REFLECTING ACQUISITION FOR CASH OF 50.1% OF IBP, INC.
                                 JUNE 30, 2001
                           (IN MILLIONS OF DOLLARS)

<TABLE>
<CAPTION>
                                                           (A)         (B)        (C)        (A)+(B)+(C)
                                                       TYSON FOODS,                   PRO FORMA
                                                       ------------           -------------------------
                                                           INC.     IBP, INC. ADJUSTMENTS     COMBINED
                                                           ----     --------- -----------    -----------
<S>                                                    <C>          <C>       <C>            <C>
ASSETS
Current Assets:
   Cash and cash equivalents..........................   $   71.2   $   19.3   $      --      $    90.5
   Accounts receivable................................      527.8      705.5          --        1,233.3
   Inventories........................................      972.4      982.9          --        1,955.3
   Other current assets...............................       48.9       93.8          --          142.7
                                                         --------   --------   ---------      ---------
       Total current assets...........................    1,620.3    1,801.5          --        3,421.8
                                                         --------   --------   ---------      ---------
   Net property, plant and equipment..................    2,127.7    1,731.9          --        3,859.6
   Excess of investments over net assets acquired.....      930.2         --      (930.2)(6)         --
   Goodwill...........................................         --      946.7       830.5 (1)    2,707.4
                                                                                   930.2 (6)
   Other assets.......................................      311.2      172.3       (12.9)(4)      403.6
                                                                                   (67.0)(5)
                                                         --------   --------   ---------      ---------
       Total assets...................................   $4,989.4   $4,652.4   $   750.6      $10,392.4
                                                         --------   --------   ---------      ---------
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
   Notes payable......................................   $   29.5   $1,023.0   $      --      $ 1,052.5
   Current portion of long-term debt..................       16.4        5.8          --           22.2
   Trade accounts payable.............................      331.4      432.1          --          763.5
   Other accrued liabilities..........................      407.2      392.1          --          799.3
                                                         --------   --------   ---------      ---------
   Total current liabilities..........................      784.5    1,853.0          --        2,637.5
                                                         --------   --------   ---------      ---------
   Long-term debt.....................................    1,614.0      687.6     1,708.4 (2)    4,010.0
   Deferred income taxes..............................      367.8      199.8          --          567.6
   Other liabilities..................................       78.6         --          --           78.6
   Minority interest..................................         --         --       954.2 (7)      954.2
Shareholders' Equity:
   Class A common stock...............................       13.8        5.5        (5.5)(3)       13.8
   Class B common stock...............................       10.3         --          --           10.3
   Capital in excess of par value.....................      734.8      442.5      (442.5)(3)      734.8
   Retained earnings..................................    1,730.5    1,537.3    (1,537.3)(3)    1,730.5
   Accumulated other comprehensive income.............       (8.2)     (12.7)       12.7 (3)       (8.2)
                                                         --------   --------   ---------      ---------
                                                          2,481.2    1,972.6    (1,972.6)       2,481.2
   Treasury stock.....................................      330.3       60.6       (60.6)(3)      330.3
   Unamortized deferred compensation..................        6.4         --          --            6.4
                                                         --------   --------   ---------      ---------
       Total shareholders' equity.....................    2,144.5    1,912.0    (1,912.0)       2,144.5
                                                         --------   --------   ---------      ---------
       Total liabilities and shareholders' equity.....   $4,989.4   $4,652.4   $   750.6      $10,392.4
                                                         ========   ========   =========      =========
</TABLE>

                            See accompanying notes.

                                      2

<PAGE>

                               TYSON FOODS, INC.

    UNAUDITED TENDER OFFER PRO FORMA COMBINED CONDENSED STATEMENT OF INCOME
             REFLECTING ACQUISITION FOR CASH OF 50.1% OF IBP, INC.

                     FISCAL YEAR ENDED SEPTEMBER 30, 2000
              (IN MILLIONS OF DOLLARS, EXCEPT PER SHARE AMOUNTS)

<TABLE>
<CAPTION>
                                                               (A)        (B)        (C)       (A)+(B)+(C)
                                                                                         PRO FORMA
                                                              TYSON              ------------------------
                                                           FOODS, INC. IBP, INC. ADJUSTMENTS    COMBINED
                                                           ----------- --------- -----------   -----------
<S>                                                        <C>         <C>       <C>           <C>
Sales.....................................................  $7,157.8   $16,674.5  $     --      $23,832.3
Cost of Sales.............................................   6,043.4    15,630.5        --       21,673.9
                                                            --------   ---------  --------      ---------
                                                             1,114.4     1,044.0        --        2,158.4
Expenses:
   Selling, general administrative........................     765.9       552.0        --        1,317.9
   Other..................................................        --        31.3        --           31.3
                                                            --------   ---------  --------      ---------
Operating income..........................................     348.5       460.7        --          809.2
Other expenses:
   Interest...............................................     115.0        83.2    119.6 (1)       317.8
   Other..................................................      (1.2)         --        --           (1.2)
                                                            --------   ---------  --------      ---------
Income before taxes on income, accounting change and
  extraordinary loss......................................     234.7       377.5    (119.6)         492.6
Provision for income taxes................................      83.5       142.1     (45.4)(2)      180.2
Minority interest.........................................        --          --     155.9(3)       155.9
                                                            --------   ---------  --------      ---------
Net income before accounting change and extraordinary loss  $  151.2   $   235.4  $ (230.1)     $   156.5
                                                            ========   =========  ========      =========
Weighted average shares outstanding:
   Basic..................................................     225.0       103.6                    225.0
   Diluted................................................     226.0       107.1                    226.0
Earnings per share before accounting change and
  extraordinary loss
   Basic..................................................  $   0.67   $    2.24                $    0.70
   Diluted................................................  $   0.67   $    2.17                $    0.69
</TABLE>

                            See accompanying notes.

                                      3

<PAGE>

                               TYSON FOODS, INC.

    UNAUDITED TENDER OFFER PRO FORMA COMBINED CONDENSED STATEMENT OF INCOME
             REFLECTING ACQUISITION FOR CASH OF 50.1% OF IBP, INC.

                        NINE MONTHS ENDED JUNE 30, 2001
              (IN MILLIONS OF DOLLARS, EXCEPT PER SHARE AMOUNTS)

<TABLE>
<CAPTION>
                                                           (A)        (B)         (C)      (A)+(B)+(C)
                                                                                     PRO FORMA
                                                          TYSON               -----------------------
                                                       FOODS, INC. IBP, INC.  ADJUSTMENTS   COMBINED
                                                       ----------- ---------  -----------  -----------
<S>                                                    <C>         <C>        <C>          <C>
Sales.................................................  $5,464.8   $12,897.0    $   --      $18,361.8
Cost of sales.........................................   4,708.1    12,214.1        --       16,922.2
                                                        --------   ---------    ------      ---------
                                                           756.7       682.9        --        1,439.6
Expenses:
   Selling, general and administrative................     608.2       511.1                  1,119.3
   Other..............................................        --        (6.9)       --           (6.9)
                                                        --------   ---------    ------      ---------
Operating income......................................     148.5       178.7        --          327.2
Other expenses:
   Interest...........................................      81.1        74.1      89.7 (1)      244.9
   Other..............................................       3.7          --        --            3.7
                                                        --------   ---------    ------      ---------
Income before taxes on income, accounting change and
  extraordinary loss..................................      63.7       104.6     (89.7)          78.6
Provision for income taxes............................      22.3        48.4     (34.1)(2)       36.6
Minority interest.....................................       1.1          --      21.0 (3)       22.1
                                                        --------   ---------    ------      ---------
Net income before accounting change and
  extraordinary loss..................................  $   40.3   $    56.2    $(76.6)     $    19.9
                                                        ========   =========    ======      =========
Weighted average shares outstanding:
   Basic..............................................     221.7       105.9                    221.7
   Diluted............................................     222.3       106.9                    222.3
Earnings per share before accounting change and
  extraordinary item:
   Basic..............................................  $   0.18   $    0.53                $    0.09
   Diluted............................................  $   0.18   $    0.53                $    0.09
</TABLE>

                            See accompanying notes.

                                      4

<PAGE>

         NOTES TO UNAUDITED TENDER OFFER PRO FORMA COMBINED CONDENSED
                                 BALANCE SHEET
             REFLECTING ACQUISITION FOR CASH OF 50.1% OF IBP, INC.

   The following adjustments are based upon Tyson's preliminary purchase price
allocation as further described below.

(1)To record the excess of purchase price over net assets acquired as follows
   (in millions):

<TABLE>
<CAPTION>
   Purchase consideration:
   <S>                                                         <C> <C>
      Cash paid for 50.1% of outstanding IBP shares
        (53,612,688 shares at $30)............................     $1,608.4
      Estimated acquisition expenses..........................        167.0
      IBP stock currently owned by Tyson......................         12.9
                                                                   --------
      Total acquisition consideration.........................     $1,788.3
                                                                   ========
      Total purchase price....................................     $1,788.3
   Less:

      Estimated fair value of the assets of the company
        acquired less liabilities assumed (a) and (b).........       (957.8)
                                                                   --------
      Goodwill................................................     $  830.5
                                                                   ========
</TABLE>
--------
    (a)Based upon currently available information Tyson has assumed for
       purposes of these Acquisition Unaudited Pro Forma Financial Statements
       that 50.1% at the book value of IBP's tangible assets and liabilities
       approximate their fair value. Tyson is in the process of performing a
       detailed analysis and outside appraisal of the fair values of the assets
       of IBP acquired and liabilities assumed. Based upon this detailed
       analysis, which has not yet been completed, the allocation of the excess
       purchase price over the book value of IBP may be further refined. This
       may result in a portion of the purchase price being further allocated to
       property, plant and equipment and other identifiable intangible assets
       with the remainder, representing goodwill. Tyson anticipates completing
       this detailed analysis and finalizing the purchase price allocation in
       fiscal 2002.

       On June 29, 2001, the Financial Accounting Standards Board, or the FASB,
       approved the final standards resulting from its deliberations on the
       business combinations project. The FASB issued Financial Accounting
       Standards No. 141 BUSINESS COMBINATIONS, and No. 142, GOODWILL AND OTHER
       INTANGIBLE ASSETS, in late July.

       Statement 141 includes the criteria for the recognition of intangible
       assets separately from goodwill, is effective for any business
       combination accounted for by the purchase method that is completed after
       June 30, 2001. Statement 142, which includes the requirements to test
       goodwill and indefinite lived intangible assets for impairment rather
       than amortize them, will be effective for fiscal years beginning after
       December 15, 2001 with early adoption permitted for companies with
       fiscal years beginning after March 15, 2001, provided they have not yet
       issued their first quarter financial statements. In all cases, Statement
       142 must be adopted as of the beginning of a fiscal year. The pro forma
       adjustments do not include any goodwill amortization.


     (b)Tyson will perform a detailed analysis and measurement of the fair
        value of assets and liabilities assumed. Tyson anticipates completing
        this analysis in fiscal 2002. This may result in goodwill.

(2)To reflect incremental additional debt required to finance the acquisition.
   The amounts reflect the additional borrowings that will be required to
   purchase IBP shares for cash of $1,708 million plus estimated remaining
   unfunded acquisition costs of $100 million. A portion of IBP's debt may be
   retired and replaced with new debt.

(3)To eliminate IBP's stockholders' equity balances.

(4)To reclassify shares of IBP's stock currently owned by Tyson.

(5)To reclassify termination and other fees paid.

(6)To reclassify amount previously reported as excess of investments over net
   assets acquired to goodwill.

(7)To record minority interest.


                                      5

<PAGE>

         NOTES TO UNAUDITED TENDER OFFER PRO FORMA COMBINED CONDENSED
                             STATEMENTS OF INCOME
             REFLECTING ACQUISITION FOR CASH OF 50.1% OF IBP, INC.

   The following adjustments are based upon Tyson's preliminary purchase price
allocation as further described below.

(1)To reflect increased interest expense resulting from the acquisition debt of
   $1,708 million based on an assumed interest rate of 7% representing Tyson's
   expected incremental interest rate for debt related to the acquisition. The
   effect of a  1/8% change in the interest rate is equal to approximately $2.2
   million in additional interest expense.

(2)To reflect the net tax benefit resulting from the additional interest
   expense at Tyson's statutory tax rates of 38%.

(3)The following schedule conforms IBP's most recent fiscal year to Tyson's
   fiscal year ended September 30, 2000 (in millions):

<TABLE>
<CAPTION>
                                                              (B)       (C)
                                                   (A)     RESTATED  RESTATED  (A)-(B)+(C)
                                                 RESTATED  UNAUDITED UNAUDITED  UNAUDITED
                                                 52 WEEKS  39 WEEKS  39 WEEKS   52 WEEKS
                                                  ENDED      ENDED     ENDED      ENDED
                                                 12/25/99  9/25/1999 9/23/2000   9/30/00
                                                 --------- --------- --------- -----------
<S>                                              <C>       <C>       <C>       <C>
Sales........................................... $15,121.7 $10,985.8 $12,538.6  $16,674.5
Cost of sales...................................  14,126.6  10,260.6  11,764.5   15,630.5
                                                 --------- --------- ---------  ---------
                                                     995.1     725.2     774.1    1,044.0
Expenses:
   Selling, general and administrative..........     440.5     310.9     422.4      552.0
   Other expense................................        --        --      31.3       31.3
                                                 --------- --------- ---------  ---------
Operating income................................     554.6     414.3     320.4      460.7
Interest expense................................      67.8      48.7      64.1       83.2
                                                 --------- --------- ---------  ---------
Income before taxes on income, accounting change
  and extraordinary loss........................     486.8     365.6     256.3      377.5
Provision for income taxes......................     168.9     124.3      97.5      142.1
                                                 --------- --------- ---------  ---------
Earnings before accounting change and
  extraordinary loss............................ $   317.9 $   241.3 $   158.8  $   235.4
                                                 ========= ========= =========  =========
</TABLE>


                                     6

<PAGE>

(4)The following schedule conforms IBP's most recent interim period to Tyson's
   thirty-nine weeks ended June 30, 2001 (in millions):

<TABLE>
<CAPTION>
                                                               (B)
                                                            RESTATED     (C)    (A)-(B)+(C)
                                                    (A)     UNAUDITED UNAUDITED  UNAUDITED
                                                  53 WEEKS  39 WEEKS  26 WEEKS   9 MONTHS
                                                   ENDED      ENDED     ENDED      ENDED
                                                 12/30/2000 9/23/2000 6/30/2001  6/30/2001
                                                 ---------- --------- --------- -----------
<S>                                              <C>        <C>       <C>       <C>
Sales........................................... $16,949.7  $12,538.6 $8,485.9   $12,897.0
Cost of sales...................................  15,913.3   11,764.5  8,065.3    12,214.1
                                                 ---------  --------- --------   ---------
                                                   1,036.4      774.1    420.6       682.9
Expenses:
   Selling, general and administrative..........     658.2      422.4    275.3       511.1
   Other expense (income).......................      31.3       31.3     (6.9)       (6.9)
                                                 ---------  --------- --------   ---------
Operating income................................     346.9      320.4    152.2       178.7
Interest expense................................      88.2       64.1     50.0        74.1
                                                 ---------  --------- --------   ---------
Income before taxes on income, accounting change
  and extraordinary loss........................     258.7      256.3    102.2       104.6
Provision for income taxes......................     106.0       97.5     39.9        48.4
                                                 ---------  --------- --------   ---------
Earnings before accounting change and
  extraordinary loss............................ $   152.7  $   158.8 $   62.3   $    56.2
                                                 =========  ========= ========   =========
</TABLE>

                                    7

</TEXT>
</DOCUMENT>
