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<SEC-DOCUMENT>/in/edgar/work/20000821/0000950109-00-003597/0000950109-00-003597.txt : 20000922
<SEC-HEADER>0000950109-00-003597.hdr.sgml : 20000922
ACCESSION NUMBER:		0000950109-00-003597
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20000821

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IBP INC
		CENTRAL INDEX KEY:			0000052477
		STANDARD INDUSTRIAL CLASSIFICATION:	 [2011
]		IRS NUMBER:				420838666
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1226
</COMPANY-DATA>

		FILING VALUES:
			FORM TYPE:		SC 13G
			SEC ACT:		
			SEC FILE NUMBER:	005-06183
			FILM NUMBER:		707154
</FILING-VALUES>

			BUSINESS ADDRESS:	
				STREET 1:		IBP AVE
				STREET 2:		P O BOX 515
				CITY:			DAKOTA CITY
				STATE:			NE
				ZIP:			68731
				BUSINESS PHONE:		4024942061
</BUSINESS-ADDRESS>

				MAIL ADDRESS:	
					STREET 1:		IBP AVE
					STREET 2:		P O BOX 515
					CITY:			DAKOTA CITY
					STATE:			NE
					ZIP:			68731
</MAIL-ADDRESS>

					FORMER COMPANY:	
						FORMER CONFORMED NAME:	IOWA BEEF PROCESSORS INC            /PRED/
						DATE OF NAME CHANGE:	19821109
</FORMER-COMPANY>

						FORMER COMPANY:	
							FORMER CONFORMED NAME:	IOWA BEEF PACKERS INC
							DATE OF NAME CHANGE:	19701130
</FORMER-COMPANY>
</SUBJECT-COMPANY>

							FILED BY:		

								COMPANY DATA:	
									COMPANY CONFORMED NAME:			SMITHFIELD FOODS INC
									CENTRAL INDEX KEY:			0000091388
									STANDARD INDUSTRIAL CLASSIFICATION:	 [2011
]									IRS NUMBER:				520845861
									STATE OF INCORPORATION:			VA
									FISCAL YEAR END:			0427
</COMPANY-DATA>

									FILING VALUES:
										FORM TYPE:		SC 13G
</FILING-VALUES>

										BUSINESS ADDRESS:	
											STREET 1:		200 COMMERCE STREET
											STREET 2:		999 WATERSIDE DRIVE
											CITY:			SMITHFIELD
											STATE:			VA
											ZIP:			23430
											BUSINESS PHONE:		7573653000
</BUSINESS-ADDRESS>

											MAIL ADDRESS:	
												STREET 1:		900 DOMINION TOWER
												STREET 2:		999 WATERSIDE DRIVE
												CITY:			NORFOLK
												STATE:			VA
												ZIP:			23510
</MAIL-ADDRESS>

												FORMER COMPANY:	
													FORMER CONFORMED NAME:	LIBERTY EQUITIES CORP
													DATE OF NAME CHANGE:	19710221
</FORMER-COMPANY>

													FORMER COMPANY:	
														FORMER CONFORMED NAME:	LIBERTY REAL ESTATE TRUST
														DATE OF NAME CHANGE:	19661113
</FORMER-COMPANY>
</FILED-BY>
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>SCHEDULE 13G
<TEXT>

<PAGE>

                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                 SCHEDULE 13G

                   Under the Securities Exchange Act of 1934
                              (Amendment No.  )*


                                   IBP, inc.
       -----------------------------------------------------------------
                                (Name of Issuer)


                                  Common Stock
       -----------------------------------------------------------------
                         (Title of Class of Securities)


                                   449223106
       -----------------------------------------------------------------
                                 (CUSIP Number)


                                 August 9, 2000
       -----------------------------------------------------------------
            (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
if filed:

[   ] Rule 13d-1(b)
[ x ] Rule 13d-1(c)
[   ] Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>

CUSIP No. #449223106                                                 Page 2 of 6

1. Names of Reporting Persons. I.R.S. ID Nos. of Above Persons

     Smithfield Foods, Inc.
     52-0845861

2. Check the Appropriate Box if a Member of a Group (See Instructions)
     [ ] a
     [ ] b

3. SEC Use Only

4. Citizenship or Place of Organization

     Virginia, United States of America

                                 5.  Sole Voting Power

Number of Shares                     6,386,241
Beneficially Owned               --------------------
By Each Reporting                6.  Shared Voting Power
Person With
                                       250,000
                                 --------------------
                                 7.   Sole Dispositive Power

                                     6,386,241
                                 --------------------
                                 8.   Shared Dispositive Power

                                           -0-
                                 ---------------------
9.  Aggregate Amount Beneficially Owned by Each Reporting Person

          6,636,241
     -----------------------

10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See
    Instructions)

     [  ]

11. Percent of Class Represented by Amount in Row (9)

            6.3            %
     ----------------------

12. Type of Reporting Person

     CO
<PAGE>
CUSIP No.# 449223106                                                Page 3 of 6


Item 1.

(a) Name of Issuer

     IBP, inc.

(b) Address of Issuer's Principal Executive Offices

     800 Stevens Port Drive
     Dakota Dunes, SD 57049

Item 2.

(a) Name of Person Filing

     Smithfield Foods, Inc.

(b) Address of Principal Business Office or, if none, Residence

     200 Commerce Street
     Smithfield, VA 23430

(c) Citizenship

     Virginia, U.S.A.

(d) Title of Class of Securities

     Common Stock, $.05 par value per share

(e) CUSIP Number

     449223106

Item 3.   If this Statement is filed pursuant to Section 240.13d-1(b) or Section
240.13d-2(b) or (c), check whether the person filing is a:

(a) [  ]  Broker or dealer registered under Section 15 of the Act.

(b) [  ]  Bank as defined in Section 3(a)(6) of the Act.

(c) [  ]  Insurance company as defined in Section 3(a)(19) of the Act.

(d) [  ]  Investment company registered under Section 8 of the Investment
          Company Act of 1940.
<PAGE>
CUSIP No.# 449223106                                                 Page 4 of 6

(e) [  ]  An investment advisor in accordance with section
          240.13(d)-1(b)(1)(ii)(E);

(f) [  ]  An employee benefit plan or endowment fund in accordance with section
          240.13d-1(b)(1)(ii)(F);

(g) [  ]  A parent holding company or control person in accordance with section
          240.13d-1(b)(ii)(G);

(h) [  ]  A savings association as defined in Section 3(b) of the Federal
          Deposit Insurance Act (12 U.S.C. 1813);

(i) [  ]  A church plan that is excluded from the definition of an investment
          company under Section 3(c)(14) of the Investment Company Act of 1940;

(j) [  ]  Group, in accordance with section 240.13d-1(b)(1)(ii)(J).

Item 4.  Ownership

          Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.


(a)    Amount beneficially owned:      6,636,241*
                                   --------------
(b)    Percent of class:                    6.3%*
                                   --------------

(c)    Number of shares as to which the person has:

  (i)  sole power to vote or to direct the vote                      6,386,241
                                                               ---------------
 (ii)  shared power to vote or to direct the vote                      250,000 *
                                                               ---------------
(iii)  sole power to dispose or to direct the disposition of         6,386,241
                                                               ---------------
 (iv)  shared power to dispose or to direct the disposition of             -0-
                                                               ---------------

*  Includes 250,000 shares held by Chase Manhattan Bank ("Chase"), as trustee
for the following employee benefit plans for certain employees of Smithfield
Foods, Inc. ("Smithfield") and its subsidiaries: (1) the Smithfield Foods, Inc.
Salaried Pension Plan; (2) the Smithfield Foods, Inc. Hourly Pension Plan; (3)
the Smithfield Packing Pension Plan for Bargaining Employees; (4) the Gwaltney
of Smithfield Pension Plan for Bargaining Employees; (5) the Esskay Pension Plan
for Bargaining Employees; (6) the John Morrell Salaried Employees Pension Plan;
and (7) the John Morrell Hourly Employees Pension Plan.  Smithfield has shared
voting power over such shares held by Chase.
<PAGE>
CUSIP No.# 449223106                                                 Page 5 of 6

Item 5.   Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following [   ].

Item 6.   Ownership of More than Five Percent on Behalf of Another Person

                                 Not Applicable

Item 7.   Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company

                                 Not Applicable

Item 8.   Identification and Classification of Member of the Group

                                 Not Applicable

Item 9.   Notice of Dissolution of Group

                                 Not Applicable

Item 10.   Certification

          By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
<PAGE>
CUSIP No.# 449223106                                                 Page 6 of 6

                                 SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.

Date:   August 21, 2000         By:   /s/ C. Larry Pope
                                    ---------------------------
                                     C. Larry Pope
                                     Vice President and
                                     Chief Financial Officer,
                                     Smithfield Foods, Inc.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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