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<SEC-DOCUMENT>0000892569-03-000210.txt : 20030128
<SEC-HEADER>0000892569-03-000210.hdr.sgml : 20030128
<ACCEPTANCE-DATETIME>20030128163435
ACCESSION NUMBER:		0000892569-03-000210
CONFORMED SUBMISSION TYPE:	10-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20021101
FILED AS OF DATE:		20030128

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BRIDGFORD FOODS CORP
		CENTRAL INDEX KEY:			0000014177
		STANDARD INDUSTRIAL CLASSIFICATION:	SAUSAGE, OTHER PREPARED MEAT PRODUCTS  [2013]
		IRS NUMBER:				951778176
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-02396
		FILM NUMBER:		03528170

	BUSINESS ADDRESS:	
		STREET 1:		1308 N PATT ST
		STREET 2:		P O BOX 3773
		CITY:			ANAHEIM
		STATE:			CA
		ZIP:			92801
		BUSINESS PHONE:		7145265533

	MAIL ADDRESS:	
		STREET 1:		1308 NORTH PATT STREET
		STREET 2:		P O BOX 3773
		CITY:			ANAHEIM
		STATE:			CA
		ZIP:			92803

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BRIDGFORD PACKING CO
		DATE OF NAME CHANGE:	19670307
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-K
<SEQUENCE>1
<FILENAME>a87175e10vk.htm
<DESCRIPTION>FORM 10-K PERIOD END NOVEMBER 1, 2002
<TEXT>
<HTML>
<HEAD>
<TITLE>Bridgford Foods Corporation</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="center"><FONT size="4">SECURITIES AND EXCHANGE COMMISSION
</FONT>
<DIV align="center"><FONT size="3">Washington, D.C. 20549
</FONT></DIV>
<DIV align="center"><FONT size="5"><B>FORM 10-K</B>
</FONT></DIV>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="7%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="86%">&#160;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="3">[X]
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="3">
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED NOVEMBER 1, 2002
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="3">[&#160;&#160;]
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="3">
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______ TO ______
</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">Commission file number: 0-2396
</FONT>
<P align="center"><FONT size="6"><B>BRIDGFORD FOODS CORPORATION</B><BR>
<HR size="1" width="73%" noshade>
</FONT>
<DIV align="center"><FONT size="2">(Exact name of Registrant as specified in its charter)
</FONT></DIV>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD align="center" width="45%">&#160;</TD>
    <TD align="center" width="10%">&#160;</TD>
    <TD align="center" width="45%">&#160;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">California
</FONT></TD>
    <TD align="center"><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
95-1778176
</FONT></TD>
</TR>
<TR>
    <TD align="center" valign="top"><HR size="1" noshade width="45%"></TD>
    <TD align="center"><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
<HR size="1" noshade width="25%">
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">(State or other jurisdiction of<BR>
incorporation or organization)
</FONT></TD>
    <TD align="center"><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
(I.R.S. Employer<BR>
Identification No.)
</FONT></TD>
</TR>
<TR>
    <TD align="center"><FONT size="2">&#160;
</FONT></TD>
    <TD align="center"><FONT size="2">&#160;
</FONT></TD>
    <TD align="center"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">1308 North Patt Street, Anaheim, California
</FONT></TD>
    <TD align="center"><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
92801
</FONT></TD>
</TR>
<TR>
    <TD align="center" valign="top"><HR size="1" noshade width="67%"></TD>
    <TD align="center"><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
<HR size="1" noshade width="15%">
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">(Address of principal executive offices)
</FONT></TD>
    <TD align="center"><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
(Zip code)
</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">(714)&#160;526-5533
</FONT>
<DIV align="center"><FONT size="2"><HR size="1" width="11%" noshade>
(Registrant&#146;s telephone number, including area code)
</FONT></DIV>
<P align="left"><FONT size="2">Securities registered pursuant to Section&#160;12(b) of the Act: None
</FONT>
<P align="left"><FONT size="2">Securities registered pursuant to Section&#160;12(g) of the Act:
</FONT>
<P align="center"><FONT size="2">Common Stock, par value $1.00 per share
</FONT>
<DIV align="center"><FONT size="2"><HR size="1" width="28%" noshade>
(Title of class)
</FONT></DIV>
<P align="left"><FONT size="2">Indicate by check mark whether the registrant (1)&#160;has filed all reports
required to be filed by Section&#160;13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12&#160;months (or for such shorter period that the
registrant was required to file such reports), and (2)&#160;has been subject to such
filing requirements for the past 90&#160;days.<BR>
YES [X] NO [&#160;&#160;]
</FONT>
<P align="left"><FONT size="2">Indicate by check mark if disclosure of delinquent filers pursuant to Item&#160;405
of Regulation&#160;S-K is not contained herein, and will not be contained, to the
best of registrant&#146;s knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form&#160;10-K or any amendment to
this form 10-K. [X]
</FONT>
<P align="left"><FONT size="2">The aggregate market value of voting stock held by non-affiliates of the
registrant on January&#160;14, 2003 was $32,131,000.
</FONT>
<P align="left"><FONT size="2">Indicate the number of shares outstanding of each of the registrant&#146;s classes
of common stock, as of the latest practicable date: 10,448,271 shares of Common
Stock, par value of $1.00 per share, as of January&#160;24, 2003.
</FONT>
<P align="left"><FONT size="2">DOCUMENTS INCORPORATED BY REFERENCE<BR>
Portions of items 5, 6, 7 and 8 of Part II are incorporated by reference from
the registrant&#146;s Annual Report to Shareholders for the fiscal year ended
November&#160;1, 2002. Items 10, 11, 12, 13 and 14 of Part III are incorporated by
reference from the registrant&#146;s Proxy Statement for the Annual Meeting of
Shareholders to be held March&#160;12, 2003.
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">PART I</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item 1. Business</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item 2. Properties</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item 3. Legal Proceedings</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item 4. Submission of Matters to a Vote of Security Holders</A></TD></TR>
<TR><TD colspan="9"><A HREF="#005">PART II</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item 5. Market for Registrant&#146;s Common Equity And Related Stockholder Matters</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item 6. Selected Financial Data</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#008">Item 7. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#009">Item 7A. Quantitative and Qualitative Disclosures about Market Risk</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#010">Item 8. Financial Statements and Supplementary Data</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#011">Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure</A></TD></TR>
<TR><TD colspan="9"><A HREF="#012">PART III</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#013">Item 10. Directors and Executive Officers of the Registrant</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#014">Item 11. Executive Compensation</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#015">Item 12. Security Ownership of Certain Beneficial Owners and Management</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#016">Item 13. Certain Relationships and Related Transactions</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#017">Item 14. Controls and Procedures</A></TD></TR>
<TR><TD colspan="9"><A HREF="#018">PART IV</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#019">Item 15. Exhibits, Financial Statement Schedules and Reports on Form&#160;8-K</A></TD></TR>
<TR><TD colspan="9"><A HREF="#020">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#021">CERTIFICATIONS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#022">INDEX TO CONSOLIDATED FINANCIAL STATEMENTS</A></TD></TR>
<TR><TD colspan="9"><A HREF="a87175exv13w1.txt">EXHIBIT 13.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="a87175exv21w1.htm">EXHIBIT 21.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="a87175exv23w1.htm">EXHIBIT 23.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="a87175exv99w1.htm">EXHIBIT 99.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="a87175exv99w2.htm">EXHIBIT 99.2</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="center"><FONT size="2"><B>BRIDGFORD FOODS CORPORATION</B>
</FONT>
<DIV align="center"><FONT size="2"><B>FORM 10-K<BR>
YEAR ENDED NOVEMBER 1, 2002<BR>
Table of Contents</B>
</FONT></DIV>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="11%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="76%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="4%">&#160;</TD>
    <TD width="1%">&#160;</TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>PAGE</B>
</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD nowrap align="left"><FONT size="2"><B>PART I</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">ITEM 1.
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
BUSINESS
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">3
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2">ITEM 2.
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
PROPERTIES
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">8
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">ITEM 3.
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
LEGAL PROCEEDINGS
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">8
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2">ITEM 4.
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">8
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2"><B>PART II</B>
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2">ITEM 5.
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
MARKET FOR REGISTRANT&#146;S COMMON EQUITY AND
RELATED STOCKHOLDER MATTERS
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">9
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">ITEM 6.
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
SELECTED FINANCIAL DATA
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">10
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2">ITEM 7.
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">10
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">ITEM 7A.
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">10
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2">ITEM 8.
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">10
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">ITEM 9.
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON<BR>
ACCOUNTING AND FINANCIAL DISCLOSURE
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">11
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2"><B>PART III</B>
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">ITEM 10.
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">12
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2">ITEM 11.
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
EXECUTIVE COMPENSATION
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">12
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">ITEM 12.
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS<BR>
AND MANAGEMENT
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">12
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2">ITEM 13.
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">12
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">ITEM 14.
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
CONTROLS AND PROCEDURES
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">12
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2"><B>PART IV</B>
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">ITEM 15.
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND<BR>
REPORTS ON FORM 8-K
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">13
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top" colspan="3"><FONT size="2">SIGNATURES
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
14
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="3"><FONT size="2">CERTIFICATIONS
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">15,&#160;16
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top" colspan="3"><FONT size="2">INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
17
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">2
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<!-- link1 "PART I" -->
<DIV align="left"><A NAME="000"></A></DIV>
<P align="center"><FONT size="2">PART I
</FONT>
<!-- link2 "Item 1. Business" -->
<DIV align="left"><A NAME="001"></A></DIV>
<P align="left"><FONT size="2"><B>Item&#160;1. Business</B>
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;This Annual Report on Form&#160;10-K contains
certain forward-looking statements within the meaning of Section&#160;27A of the Securities Act of 1933 and
Section&#160;21E of the Securities Exchange Act of 1934 and the Company intends that
such forward-looking statements be subject to the safe harbors created thereby.
These forward-looking statements include, but are not limited to, statements
regarding the following: general economic and business conditions; the impact
of competitive product and pricing; success of operating initiatives;
development and operating costs; advertising and promotional efforts; adverse
publicity; acceptance of new product offerings; consumer trial and frequency;
changes in business strategy or development plans; availability, terms and
deployment of capital; availability of qualified personnel; commodity, labor,
and employee benefit costs; changes in, or failure to comply with, government
regulations; weather conditions; construction schedules; and other factors
referenced in this Report.
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The forward-looking statements included herein are based
on current expectations that involve a number of risks and uncertainties. These
forward-looking statements are based on assumptions regarding the Company&#146;s
business, which involve judgments with respect to, among other things, future
economic and competitive conditions, and future business decisions, all of
which are difficult or impossible to predict accurately and many of which are
beyond the control of the Company. Although the Company believes that the
assumptions underlying the forward-looking statements are reasonable, actual
results may differ materially from those set forth in the forward-looking
statements. In light on the significant uncertainties inherent in the
forward-looking information included herein, the inclusion of such information
should not be regarded as representation by the Company or any other person
that the objectives or plans of the Company will be achieved. The
forward-looking statements contained herein speak as of the date of this report
and the Company undertakes no obligation to update such statements after the
date hereof.
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Background of Business
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Bridgford Foods Corporation, a California corporation
(collectively with its subsidiaries, the &#147;Company&#148;), was organized in 1952. The Company
originally began its operations as a retail meat market in San Diego,
California, and evolved into a meat wholesaler for hotels and restaurants, a
distributor of frozen food products, a processor and packer of meat and a
manufacturer and distributor of frozen food products for sale on a retail and
wholesale basis. For more than the past five years, the Company and its
subsidiaries have been primarily engaged in the manufacturing, marketing and
distribution of an extensive line of frozen, refrigerated and snack food
products throughout the United States. The Company has not been involved in
any bankruptcy, receivership or similar proceedings, nor has it been party to
any merger, acquisition, etc. or acquired or disposed of any material amounts
of assets during the past five years. Substantially all of the assets of the
Company have been acquired in the ordinary course of business. The Company had
no significant change in the type of products produced or distributed, nor in
the markets or methods of distribution since the beginning of the fiscal year.
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Description of Business
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The Company operates in one business segment &#150; the
manufacture and distribution of frozen, refrigerated and snack food products. The products
manufactured and distributed by the Company consist of an extensive line of
food products, including biscuits, bread dough items, roll dough items, dry
sausage products and a variety of sandwiches and sliced luncheon meats. The
products purchased by the Company for resale include a variety of jerky,
cheeses, salads, party dips, Mexican foods, nuts and other delicatessen type
food products.
</FONT>
<P align="center"><FONT size="2">3
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="75%">
<TR valign="bottom">
    <TD width="76%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="2"><FONT size="1"><B>2002</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="2"><FONT size="1"><B>2001</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="2"><FONT size="1"><B>2000</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="2"><HR size="1" noshade></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="2"><HR size="1" noshade></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="2"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Products manufactured or processed by the Company
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">69
</FONT></TD>
    <TD nowrap><FONT size="2">%
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">69
</FONT></TD>
    <TD nowrap><FONT size="2">%
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">68
</FONT></TD>
    <TD nowrap><FONT size="2">%
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Items manufactured or processed by third partie
 for distribution
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">31
</FONT></TD>
    <TD nowrap><FONT size="2">%
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">31
</FONT></TD>
    <TD nowrap><FONT size="2">%
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">32
</FONT></TD>
    <TD nowrap><FONT size="2">%
</FONT></TD>
</TR>
<TR>
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&#160;
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&#160;
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">100
</FONT></TD>
    <TD nowrap><FONT size="2">%
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">100
</FONT></TD>
    <TD nowrap><FONT size="2">%
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">100
</FONT></TD>
    <TD nowrap><FONT size="2">%
</FONT></TD>
</TR>
<TR>
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&#160;
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Although the Company has recently introduced several
new products, none of these products have contributed significantly to the Company&#146;s revenue growth
for the fiscal year. The Company&#146;s sales are not subject to material seasonal
variations. Historically the Company has been able to respond quickly to the
receipt of orders and, accordingly, the Company does not maintain a significant
sales backlog. The Company and its industry generally have no unusual demands
or restrictions on working capital items. During the last fiscal year the
Company did not enter into any new markets or any significant contractual or
other material relationships.
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The Company has two classes of similar food products,
each of which has accounted for 10% or more of consolidated sales in the prior three fiscal years
listed below. The following table shows sales, as a percentage of consolidated
sales, for each of these two classes of similar products for each of the last
three fiscal years:
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="75%">
<TR valign="bottom">
    <TD width="73%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="2%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="2%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="2%">&#160;</TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="2"><FONT size="1"><B>2002</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="2"><FONT size="1"><B>2001</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="2"><FONT size="1"><B>2000</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="2"><HR size="1" noshade></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="2"><HR size="1" noshade></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="2"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Frozen Food Products
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">36
</FONT></TD>
    <TD nowrap><FONT size="2">%
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">36
</FONT></TD>
    <TD nowrap><FONT size="2">%
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">37
</FONT></TD>
    <TD nowrap><FONT size="2">%
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Refrigerated and Snack Food Products
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">64
</FONT></TD>
    <TD nowrap><FONT size="2">%
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">64
</FONT></TD>
    <TD nowrap><FONT size="2">%
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">63
</FONT></TD>
    <TD nowrap><FONT size="2">%
</FONT></TD>
</TR>
<TR>
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&#160;
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&#160;
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">100
</FONT></TD>
    <TD nowrap><FONT size="2">%
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">100
</FONT></TD>
    <TD nowrap><FONT size="2">%
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">100
</FONT></TD>
    <TD nowrap><FONT size="2">%
</FONT></TD>
</TR>
<TR>
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&#160;
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;To date, federal, state and local environmental
laws and regulations, including those relating to the discharge of materials into the environment,
have not had a material effect on the Company&#146;s business.
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Major Product Classes
</FONT>
<P align="left"><FONT size="2">Frozen Food Products
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The Company&#146;s frozen food division serves both
food service and retail customers. The Company sells approximately 200 unique frozen food products
through wholesalers, cooperatives and distributors to approximately 21,000
retail outlets and 22,000 restaurants and institutions.
</FONT>
<P align="left"><FONT size="2">Frozen Food Products &#150; Food Service Customers
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The food service industry is composed of establishments that
serve food outside the home and includes restaurants; the food operations
of health care providers, schools and other institutions, hotels,
resorts, and corporations, and other non-traditional food service outlets.
Growth in this industry has been driven by the increase in away-from-home
meal preparation, which has accompanied the expanding number of both
dual income and single-parent households. Another trend within the food
service industry is the growth in the number of non-traditional food
service outlets such as convenience stores, retail stores and
supermarkets. These non-traditional locations often lack extensive
cooking, storage or preparation facilities, resulting in a need for
pre-cooked and prepared foods similar to those provided by the Company. The
expansion in the food service industry has also been accompanied by the
continued consolidation and growth of broadline and specialty food service
distributors, many of which are long-standing customers of the Company.
</FONT>
<P align="center"><FONT size="2">4
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The Company supplies its food service customers generally
through distributors that take title to the product and resell it. Among the Company&#146;s
customers are many of the country&#146;s largest broadline and specialty food
service distributors. For these and other large end purchasers, the
Company&#146;s products generally go through extensive qualification
procedures and its manufacturing capabilities are subjected to thorough
review by the end purchasers prior to the Company&#146;s approval as a vendor.
Large end purchasers typically select suppliers that can
consistently meet increased volume requirements on a national basis during
peak promotional periods. In its value-added operations, the Company
believes that its manufacturing flexibility, national presence and
long-standing customer relationships should pose barriers to entry for
other manufacturers seeking to provide similar products to the Company&#146;s
current large food service end purchasers, although no assurances can be
given.
</FONT>
<P align="left"><FONT size="2">Frozen Food Products &#150; Retail Customers
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The majority of the Company&#146;s existing and
targeted retail customers are involved in the resale of branded and private label packaged foods. The same
trends which have contributed to the increase in away-from-home meal
preparation have also fueled the growth in easy to prepare, microwaveable
frozen and refrigerated convenience foods. Among the fastest growing segments
is the frozen and refrigerated hand-held foods market. This growth has been
driven by improved product quality and variety and the increasing need for
inexpensive and healthy food items that require minimal preparation. Despite
rapid growth, many categories of frozen and refrigerated hand-held foods
have achieved minimal household penetration. The Company believes it has
been successful in establishing and maintaining supply relationships with
certain selected leading retailers in this market.
</FONT>
<P align="left"><FONT size="2">Frozen Food Products &#150; Sales and Marketing
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The Company&#146;s frozen food business covers the United
States and Canada. In addition, to regional sales managers, the Company maintains a network of
independent food service and retail brokers covering most of the states as well
as Canada. Brokers are compensated on a commission basis. The Company believes
that its broker relationships in close cooperation with the regional sales
managers, are a valuable asset providing significant new product and customer
opportunities. The regional sales managers perform several significant
functions for the Company including identifying and developing new business
opportunities and providing customer service and support to the Company&#146;s
distributors and end purchasers through the effective use of the Company&#146;s
broker network.
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The Company&#146;s annual advertising expenditures are
directed towards retail and institutional customers. These customers participate in various special
promotional programs and direct advertising allowances sponsored by the
Company. The Company also invests in general consumer advertising in various
newspapers and periodicals. The Company directs advertising at food service
customers with campaigns in major industry publications and through Company
participation in trade shows throughout the United States.
</FONT>
<P align="left"><FONT size="2">Refrigerated and Snack Food Products &#150; Customers
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The Company&#146;s refrigerated and snack food
products division sells approximately 290 different items through a direct store delivery network
serving approximately 38,000 supermarkets, mass merchandise and convenience
retail stores located in 49 states and Canada.
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;These customers are comprised
 of large retail chains and smaller&#147;independent&#148; operators. This part of the
 Company&#146;s business is highly competitive. Proper placement of the Company&#146;s product
 lines is critical to selling success since most items could be considered &#147;impulse&#148; items
</FONT>
<P align="center"><FONT size="2">5
</FONT>
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<P align="left"><FONT size="2">which are often consumed shortly after purchase. The Company&#146;s ability to sell
successfully to this distribution channel depends on aggressive marketing and
maintaining relationships with key buyers.
</FONT>
<P align="left"><FONT size="2">Refrigerated and Snack Food Products &#150; Sales and Marketing
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The Company&#146;s direct store delivery network consists
of two separate divisions, refrigerated and non-refrigerated snack food products, that are
distributed through five different regions located in the southwest, primarily
operating in California, Arizona and Nevada. Non-refrigerated snack food
products are distributed in nine geographic regions across the United States
and Canada, each managed by regional sales managers. The regional sales
managers perform several significant functions for the Company including
identifying and developing new business opportunities and providing
customer service and support to the Company&#146;s customers. The Company also
utilizes the services of brokers where appropriate to support efficient product
distribution and customer satisfaction.
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Product Planning and Research and Development
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The Company continually monitors the consumer acceptance
of each product within its extensive product line. Individual products are regularly added to
and deleted from the Company&#146;s product line. The addition or deletion of any
product has not had a material effect on the Company&#146;s operations. The Company
believes that a key factor in the success of its products is its system of
carefully targeted research and testing of its products to ensure high quality
and that each product matches an identified market opportunity. The emphasis
in new product introductions in the past few years has been in microwaveable,
single service items. The Company is constantly searching to develop new
products to complement its existing product line and improved processing
techniques and formulas for its existing product line. The Company utilizes
in-house test kitchens to research and experiment with unique food preparation
methods, improve quality control and analyze new ingredient mixtures. The
Company does not anticipate any significant change in product-mix as a result
of its research and development efforts.
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Competition
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The products of the Company are sold under highly
competitive conditions. All food products can be considered competitive with other food products, but
the Company regards its principal competitors to include national, regional and
local producers and distributors of refrigerated, frozen and snack food
products. Several of the Company&#146;s competitors include large companies with
substantially greater financial and marketing resources than those of the
Company. Existing competitors may broaden their product lines and potential
competitors may enter or increase their focus on the Company&#146;s market,
resulting in greater competition for the Company. The Company believes that
its products compete favorably with those of the Company&#146;s competitors. Such
competitors&#146; products compete against those of the Company for retail shelf
space, institutional distribution and customer preference.
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Importance of Key Customers
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;One customer comprised approximately 12.5% of sales during
the fiscal 2002 year. A significant customer of the Company filed a voluntary petition for
reorganization under Chapter&#160;11 of the U.S. Bankruptcy Code on January&#160;22,
2002. This customer comprised approximately 5.0% and 6.0% of revenue during
fiscal years 2001 and 2002, respectively. The Company had a pre-petition
outstanding balance of $2,700,000 at November&#160;1, 2002.
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Employees
<P align="center"><FONT size="2">6
</FONT>
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<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;At the end of fiscal 2002, the Company had
approximately 760 employees, approximately 46% of whose employment relationship with the Company was
governed by collective bargaining agreements. These agreements currently
expire between March 2003 and February 2005. The Company believes that its
relationship with its employees is good.
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;General Risks of Food Industry
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The food industry, and the markets within the food
industry in which the Company competes, are subject to various risks, including: adverse
changes in general economic conditions; evolving consumer preferences;
nutritional and health-related concerns; federal, state and local food
inspection and processing controls; consumer product liability claims; risks
of product tampering; and
the availability and expense of liability insurance. The meat and
poultry industries have recently been subject to increasing scrutiny due to
the association of meat and poultry products with recent outbreaks of
illness, and on rare occasions even death, caused by food borne pathogens such
as E. coli, Salmonella, Listeria monocytogenes and others which are found
in raw and improperly cooked meat. Consumer demand for meat and poultry
fluctuates as the result of such outbreaks of illness. Product recalls are
sometimes required in the food industries to withdraw contaminated or
mislabeled products from the market.
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Risks Relating to Suppliers and Raw Materials
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The Company purchases large quantities of commodity pork,
beef and flour. Historically, market prices for products processed by the Company
have fluctuated in response to a number of factors, including changes in the
United States government farm support programs, changes in international
agricultural and trading policies, weather and other conditions
during the growing and harvesting seasons.
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Risks Relating to Government Regulation
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The operations of the Company are subject to
extensive inspection and regulation by the United States Department of Agriculture (the &#147;USDA&#148;) and by
other federal, state and local authorities, regarding the processing,
packaging, storage, transportation, distribution and labeling of products that
are manufactured, produced and processed by the Company. The Company&#146;s
processing facilities and products are subject to frequent inspection by USDA
and/or other federal, state and local authorities. On July&#160;25, 1996, the USDA
issued strict new policies concerning contamination by food borne pathogens
such as E. coli, Listeria monocytogenes and Salmonella, and established a
new system of regulation known as the Hazard Analysis Critical Control
Points (&#147;HACCP&#148;) program. The HACCP program requires all meat and poultry
processing plants to develop and implement sanitary operating procedures and
other program requirements on or before January&#160;26, 1998. The Company
believes that it is currently in compliance with all material governmental laws
and regulations (including the January 1998 HACCP requirements), and that it
maintains all material permits and licenses relating to its operations.
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Risks Relating to Dependence on Key Management
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The Company&#146;s executive officers and certain other
key employees have been primarily responsible for the development and expansion of the Company&#146;s
business, and the loss of the services of one or more of these individuals
could have an adverse effect on the Company. The Company&#146;s future success
will be dependent in part upon its continued ability to recruit, motivate and
retain qualified personnel. There can be no assurance that the Company will be
successful in this regard. The Company has no employment or
non-competition agreements with key personnel.
</FONT>
<P align="center"><FONT size="2">7
</FONT>
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<!-- link2 "Item 2. Properties" -->
<DIV align="left"><A NAME="002"></A></DIV>
<P align="left"><FONT size="2"><B>Item&#160;2. Properties</B>
</FONT>

<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The Company owns the following facilities:
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="55%">
<TR valign="bottom">
    <TD width="42%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="7%">&#160;</TD>
    <TD width="9%">&#160;</TD>
    <TD width="7%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
</TR>
<TR valign="bottom">
    <TD align="center"><FONT size="1"><B>Property Location</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD align="center" colspan="3"><FONT size="1"><B>Building Square Footage</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD align="center" colspan="3"><FONT size="1"><B>Acreage</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">Anaheim, California
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
100,000
</FONT></TD>
    <TD valign="top" align="center"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">5
</FONT></TD>
    <TD valign="top" align="center"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">Modesto, California
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
2,500
</FONT></TD>
    <TD valign="top" align="center"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">0.3
</FONT></TD>
    <TD valign="top" align="center"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">Dallas, Texas
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
94,000
</FONT></TD>
    <TD valign="top" align="center"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">4
</FONT></TD>
    <TD valign="top" align="center"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">Dallas, Texas
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
30,000
</FONT></TD>
    <TD valign="top" align="center"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">2
</FONT></TD>
    <TD valign="top" align="center"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">Dallas, Texas
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
16,000
</FONT></TD>
    <TD valign="top" align="center"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">1
</FONT></TD>
    <TD valign="top" align="center"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">Dallas, Texas
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
3,200
</FONT></TD>
    <TD valign="top" align="center"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">1.5
</FONT></TD>
    <TD valign="top" align="center"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">Statesville, North Carolina
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
42,000
</FONT></TD>
    <TD valign="top" align="center"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">8
</FONT></TD>
    <TD valign="top" align="center"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">Chicago, Illinois
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
156,000
</FONT></TD>
    <TD valign="top" align="center"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">1.5
</FONT></TD>
    <TD valign="top" align="center"><FONT size="2">&#160;
</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The foregoing plants are, in general, fully utilized
by the Company for processing, warehousing, distributing and administrative purposes. The Company
also leases small warehouse and/or office facilities through the United States
and Canada. The Company believes that its properties are adequate to satisfy
its foreseeable needs. Additional properties may be acquired and/or plants
expanded if favorable opportunities and conditions arise.
</FONT>
<!-- link2 "Item 3. Legal Proceedings" -->
<DIV align="left"><A NAME="003"></A></DIV>
<P align="left"><FONT size="2"><B>Item&#160;3. Legal Proceedings</B>
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;No material legal proceedings were pending at
November&#160;1, 2002 against the Company. The Company is likely to be subject to claims arising from time to time
in the ordinary course of its business. In certain of such actions, plaintiffs may
request punitive or other damages that may not be covered by insurance
and, accordingly, no assurance can be given with respect to the ultimate
outcome of any such possible future claims or litigation or their effect
on the Company.
</FONT>
<!-- link2 "Item 4. Submission of Matters to a Vote of Security Holders" -->
<DIV align="left"><A NAME="004"></A></DIV>
<P align="left"><FONT size="2"><B>Item&#160;4. Submission of Matters to a Vote of Security Holders</B>
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;No matters were submitted to the Company&#146;s
shareholders during the fourth quarter of the fiscal year ended November&#160;1, 2002.
</FONT>
<P align="center"><FONT size="2">8
</FONT>
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<P align="left"><FONT size="2"><B>Executive Officers of the Registrant</B>
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The names, ages and positions of all the executive
officers of the Company as of January&#160;1, 2003 are listed below. Messrs.&#160;Hugh Wm. Bridgford and Allan L.
Bridgford are brothers. William L. Bridgford is the son of Hugh Wm. Bridgford
and the nephew of Allan L. Bridgford. Officers are normally appointed annually
by the board of directors at their meeting immediately following the annual
meeting of shareholders. All executive officers are full-time employees of the
Company, except for Allan L. Bridgford, who worked 80% of full-time.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="75%">
<TR valign="bottom">
    <TD width="26%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="3%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="61%">&#160;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="1"><B>Name</B>
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="1">
<B>Age</B>
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="1"><B>Position(s) with the Company</B>
</FONT></TD>
</TR>
<TR>
    <TD valign="top" align="center"><HR size="1" noshade width="20%"></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
<HR size="1" noshade>
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><HR size="1" noshade width="40%"></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Allan L. Bridgford
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">67
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Chairman and member of the Executive Committee
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Robert E. Schulze
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
68
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">President and member of the Executive Committee
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Hugh Wm. Bridgford
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
71
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Vice President and Chairman of the Executive Committee
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">William L. Bridgford
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
48
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Secretary
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Raymond F. Lancy
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
49
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Vice President, Treasurer and Assistant Secretary
</FONT></TD>
</TR>
</TABLE>
</CENTER>
<!-- link1 "PART II" -->
<DIV align="left"><A NAME="005"></A></DIV>
<P align="center"><FONT size="2"><B>PART II</B>
</FONT>
<!-- link2 "Item 5. Market for Registrant&#146;s Common Equity And Related Stockholder Matters" -->
<DIV align="left"><A NAME="006"></A></DIV>
<P align="left"><FONT size="2"><B>Item&#160;5. Market for Registrant&#146;s Common Equity And Related Stockholder
Matters</B>
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The Company&#146;s Common Stock, par value $1.00 per
share (the &#147;Common Stock&#148;), is traded in the over-the-counter market and prices are quoted on The
Nasdaq National Market under the symbol &#147;BRID.&#148; As of January&#160;1, 2003, there
were 453 holders of record of the Company&#146;s Common Stock. The market price and
dividend information with respect to the Company&#146;s Common Stock are set forth
on the inside cover of the Company&#146;s 2002 Annual Report to Shareholders in the
section thereof entitled &#147;Common Stock and Dividend Data&#148; and are incorporated
herein by reference. The payment of any future dividends will be at the
discretion of the Company&#146;s Board of Directors and will depend upon future
earnings, financial requirements and other factors.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>
<TR valign="top">
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2"><B>&#160;&#160;Equity Compensation Plan Information</B>
</FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The following table sets forth information
regarding outstanding options, warrants and rights and shares reserved for future issuance under the
Company&#146;s existing compensation plans as of November&#160;1, 2002. The Company&#146;s sole
shareholder approved equity compensation plan is the 1999 Stock Incentive Plan.
The Company does not have any non-stockholder approved equity compensation
plans.
</FONT>
<P align="center"><FONT size="2">9
</FONT>
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<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="90%">
<TR valign="bottom">
    <TD width="5%">&#160;</TD>
    <TD width="55%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="4%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="4%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="2%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="2%">&#160;</TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Number of</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>securities</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>remaining available</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Number of</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>for future issuance</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>securities to be</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>under equity</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>issued upon</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>compensation plans</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>exercise of</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Weighted-average</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>as of November 1,</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>outstanding</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>exercise price of</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>2002 (excluding</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>options, warrants</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>outstanding</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>securities</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>and rights as of</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>options, warrants</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>reflected in column</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>November 1, 2002</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>and rights</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>(a))</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center" colspan="2"><FONT size="1"><B>Plan Category</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>(a)</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>(b)</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>(c)</B>
</FONT></TD>
</TR>
<TR>
    <TD nowrap align="center" colspan="2"><HR size="1" noshade width="20%"></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><HR size="1" noshade width="90%"></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><HR size="1" noshade width="90%"></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><HR size="1" noshade width="90%"></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Equity compensation
plans approved by
security holders
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">250,000
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">10.00
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">650,000
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR>
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&#160;
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><HR size="1" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><HR size="1" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><HR size="1" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Equity compensation
plans not approved
by security holders
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">&#151;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">&#151;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">&#151;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR>
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&#160;
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><HR size="1" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><HR size="1" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><HR size="1" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2"><B>Total</B>
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2"><B>250,000</B>
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2"><B>$</B>
</FONT></TD>
    <TD align="right"><FONT size="2"><B>10.00</B>
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2"><B>650,000</B>
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR>
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&#160;
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><HR size="1" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><HR size="1" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><HR size="1" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
</TABLE>
</CENTER>
<!-- link2 "Item 6. Selected Financial Data" -->
<DIV align="left"><A NAME="007"></A></DIV>
<P align="left"><FONT size="2"><B>Item&#160;6. Selected Financial Data</B>
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The information set forth on page 4 of the
Company&#146;s 2002 Annual Report to Shareholders is Incorporated herein by reference.
</FONT>
<!-- link2 "Item 7. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations" -->
<DIV align="left"><A NAME="008"></A></DIV>
<P align="left"><FONT size="2"><B>Item&#160;7. Management&#146;s Discussion and Analysis of Financial Condition
and Results of Operations</B>
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The information set forth on pages 4, 5 and in Note 1 of
the Company&#146;s 2002 Annual Report to Shareholders, including a description of the Company&#146;s
critical accounting policies, is incorporated herein by reference.
</FONT>
<!-- link2 "Item 7A. Quantitative and Qualitative Disclosures about Market Risk" -->
<DIV align="left"><A NAME="009"></A></DIV>
<P align="left"><FONT size="2"><B>Item&#160;7A. Quantitative and Qualitative Disclosures about Market Risk</B>
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The Company did not have significant overall currency
exposure at November 1, 2002. The Company&#146;s financial instruments consist of cash and cash
equivalents and life insurance policies at November&#160;1, 2002 and the carrying
value of the Company&#146;s financial instruments approximated their fair market
values based on current market prices and rates. It is not the Company&#146;s
policy to enter into derivative financial instruments. The Company does not
currently have any significant foreign currency exposure. The Company does not
engage in buying or selling spot or futures commodity contracts. The Company&#146;s
investment portfolio is not subject to significant market risk or interest rate
fluctuations.
</FONT>
<!-- link2 "Item 8. Financial Statements and Supplementary Data" -->
<DIV align="left"><A NAME="010"></A></DIV>
<P align="left"><FONT size="2"><B>Item&#160;8. Financial Statements and Supplementary Data</B>
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The information set forth on pages 6 through 11 of the
Company&#146;s 2002 Annual Report to Shareholders in the sections thereof entitled &#147;Consolidated
Balance Sheets&#148;, &#147;Consolidated Statements of Income&#148;, &#147;Consolidated Statements
of Shareholders&#146; Equity&#148;, &#147;Consolidated Statements of Cash Flows&#148;, &#147;Notes to
Consolidated Financial Statements&#148; and &#147;Report of Independent Accountants&#148; is
incorporated herein by reference.
</FONT>
<P align="center"><FONT size="2">10
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="center"><FONT size="2"><B>Unaudited Interim Financial Information</B>
</FONT>
<P align="center"><FONT size="2">(in thousands, except per share amounts)
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="65%">
<TR valign="bottom">
    <TD width="61%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="2%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="2%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="2%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="1%">&#160;</TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Quarter 1</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Quarter 2</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Quarter 3</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Quarter 4</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>February 1</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>May 3</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>August 2</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>November 1</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>2002</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>2002</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>2002</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>2002</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Net sales
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">38,223
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">34,679
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">32,025
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">34,275
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Income (loss)
before taxes
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">2,505
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">2,413
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">(693
</FONT></TD>
    <TD nowrap><FONT size="2">)
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">(1,954
</FONT></TD>
    <TD nowrap><FONT size="2">)
</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Net income (loss)
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">1,552
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">1,497
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">(430
</FONT></TD>
    <TD nowrap><FONT size="2">)
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">(1,481
</FONT></TD>
    <TD nowrap><FONT size="2">)
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Basic earnings
(loss)&#160;per share
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">   .15
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">   .14
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">(.04
</FONT></TD>
    <TD nowrap><FONT size="2">)
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">(.14
</FONT></TD>
    <TD nowrap><FONT size="2">)
</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">(in thousands, except per share amounts)
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="65%">
<TR valign="bottom">
    <TD width="61%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="2%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="2%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="2%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="1%">&#160;</TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Quarter 1</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Quarter 2</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Quarter 3</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Quarter 4</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>February 2</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>May 4</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>August 3</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>November 2</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>2001</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>2001</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>2001</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>2001</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Net sales
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">42,279
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">38,497
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">36,709
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">38,876
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Income before
taxes
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">4,000
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">2,881
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">1,377
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">1,814
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Net income
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">2,480
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">1,786
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">854
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">1,124
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Basic earnings per
share
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">.23
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">.17
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">.08
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">.11
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
</TABLE>
</CENTER>
<!-- link2 "Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure" -->
<DIV align="left"><A NAME="011"></A></DIV>
<P align="left"><FONT size="2"><B>Item&#160;9. Changes In and Disagreements with Accountants on Accounting
and Financial Disclosure</B>
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Not applicable.
</FONT>
<P align="center"><FONT size="2">11
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<!-- link1 "PART III" -->
<DIV align="left"><A NAME="012"></A></DIV>
<P align="center"><FONT size="2"><B>PART III</B>
</FONT>
<!-- link2 "Item 10. Directors and Executive Officers of the Registrant" -->
<DIV align="left"><A NAME="013"></A></DIV>
<P align="left"><FONT size="2"><B>Item&#160;10. Directors and Executive Officers of the Registrant</B>
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Information set forth in the sections entitled
&#147;Election of Directors&#148; and&#147;Section&#160;16(a) Beneficial Ownership
Reporting Compliance&#148; contained in the
Company&#146;s definitive proxy statement for the 2003 Annual Meeting of
Shareholders to be held on March&#160;12, 2003 is incorporated herein by reference.
Information concerning the executive officers of the Company is set forth in
Part I hereof under the heading &#147;Executive Officers of the Registrant&#148;.
</FONT>
<!-- link2 "Item 11. Executive Compensation" -->
<DIV align="left"><A NAME="014"></A></DIV>
<P align="left"><FONT size="2"><B>Item&#160;11. Executive Compensation</B>
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Information set forth in the section entitled
&#147;Compensation of Executive Officers&#148; contained in the Company&#146;s definitive proxy statement for the 2002
Annual Meeting of Shareholders to be held on March&#160;12, 2003 is incorporated
herein by reference.
</FONT>
<!-- link2 "Item 12. Security Ownership of Certain Beneficial Owners and Management" -->
<DIV align="left"><A NAME="015"></A></DIV>
<P align="left"><FONT size="2"><B>Item&#160;12. Security Ownership of Certain Beneficial Owners and Management</B>
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Information set forth in the section entitled
&#147;Principal Shareholders and Management&#148; contained in the Company&#146;s definitive proxy statement for the 2003
Annual Meeting of Shareholders to be held on March&#160;12, 2003 is incorporated
herein by reference.
</FONT>
<!-- link2 "Item 13. Certain Relationships and Related Transactions" -->
<DIV align="left"><A NAME="016"></A></DIV>
<P align="left"><FONT size="2"><B>Item&#160;13. Certain Relationships and Related Transactions</B>
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Information set forth in the section entitled &#147;Related
Party Transactions&#148; contained in the Company&#146;s definitive proxy statement for the 2003 Annual
Meeting of Shareholders to be held on March&#160;12, 2003 is incorporated herein by
reference.
</FONT>
<!-- link2 "Item 14. Controls and Procedures" -->
<DIV align="left"><A NAME="017"></A></DIV>
<P align="left"><FONT size="2"><B>Item&#160;14. Controls and Procedures</B>
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Within 90&#160;days prior to the date of this report,
an evaluation was performed under the supervision and with the participation of the Company&#146;s
management, including the Chairman and President, of the effectiveness of the
design and operation of the Company&#146;s disclosure controls and procedures.
Based on that evaluation, the Company&#146;s management, including the Chairman and
President, concluded that the Company&#146;s disclosure controls and procedures were
effective in timely alerting them to material information required to be
included in the Company&#146;s periodic filings under the Securities Exchange Act of
1934. No significant changes in the Company&#146;s internal controls or in other
factors have occurred that could significantly affect these internal controls
subsequent to the evaluation.
</FONT>
<P align="center"><FONT size="2">12
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<!-- link1 "PART IV" -->
<DIV align="left"><A NAME="018"></A></DIV>
<P align="center"><FONT size="2"><B>PART IV</B>
</FONT>
<!-- link2 "Item 15. Exhibits, Financial Statement Schedules and Reports on Form&#160;8-K" -->
<DIV align="left"><A NAME="019"></A></DIV>
<P align="left"><FONT size="2"><B>Item&#160;15. Exhibits, Financial Statement Schedules and Reports on Form&#160;8-K</B>
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(a)
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">The following documents are filed as a part of this report:
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
</TABLE>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="8%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(1)
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">Financial Statements. See &#147;Index to
Consolidated Financial Statements&#148; included on page 15 in
this report.
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(2)
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">Financial Statement Schedule. See &#147;Index to
Consolidated Financial Statements&#148; included on page 15 in
this report.
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(3)
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">Exhibits. The exhibits filed as a part of this
report are listed in the accompanying &#147;Index to Exhibits&#148;.
</FONT></TD>
</TR>
</TABLE>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(b)
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">Report on Form&#160;8-K. The Company did not file a Current Report
on Form&#160;8-K during the quarter ended November&#160;1, 2002.
</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">13
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="020"></A></DIV>
<P align="center"><FONT size="2">SIGNATURES
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Pursuant to the requirements of Section&#160;13 or 15(d)
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="47%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="46%" colspan="3"><FONT size="2">BRIDGFORD FOODS CORPORATION<BR>
</FONT></TD>
</TR>
<TR valign="top">
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD colspan="2"><FONT size="2">By: /s/ Allan L. Bridgford
</FONT></TD>
</TR>
<TR valign="top">
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD width="2%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="2%"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2"><HR size="1" noshade width="45%" align="left">
</FONT></TD>
</TR>
<TR valign="top">
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;&#160;Allan L. Bridgford, Chairman<BR>
&#160;&#160;Date: January&#160;24, 2003
</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2"><B>POWER OF ATTORNEY</B>
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;We, the undersigned directors and officers of
Bridgford Foods Corporation do hereby constitute and appoint Allan L. Bridgford and Robert E. Schulze, or
either of them, with full power of substitution and resubstitution, our true
and lawful attorneys and agents, to do any and all acts and things in our name
and behalf in our capacities as directors and officers and to execute any and
all instruments for us and in our names in the capacities indicated below,
which said attorneys and agents, or either of them, or their substitutes, may
deem necessary or advisable to enable said corporation to comply with the
Securities Exchange Act of 1934, as amended, and any rules, regulations and
requirements of the Securities and Exchange Commission in connection with this
Annual Report on Form&#160;10-K, including specifically, but without limitation,
power and authority to sign for us or any of us in our names and in the
capacities indicated below, any and all amendments; and we do hereby ratify and
confirm all that the said attorneys and agents, or either of them, shall do or
cause to be done by virtue hereof.
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;Pursuant to the requirements of the Securities Exchange Act
of 1934, this report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="65%">
<TR valign="bottom">
    <TD width="32%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="40%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="18%">&#160;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Signature</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Title</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Date</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade width="30%"></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade width="15%"></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade width="30%"></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Allan L. Bridgford<BR>
</FONT><HR size="1" noshade><FONT size="2">
Allan L. Bridgford
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Chairman<BR>
(Principal Executive Officer)
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">January 24, 2003
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Robert E. Schulze<BR>
</FONT><HR size="1" noshade><FONT size="2">
Robert E. Schulze
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
President and Director<BR>
(Principal Financial and<BR>
Accounting Officer)
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">January 24, 2003
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Hugh Wm. Bridgford<BR>
</FONT><HR size="1" noshade><FONT size="2">
Hugh Wm. Bridgford
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Vice President and Director
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">January 24, 2003
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Paul A. Gilbert<BR>
</FONT><HR size="1" noshade><FONT size="2">
Paul A. Gilbert
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">January 13, 2003
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Richard A. Foster<BR>
</FONT><HR size="1" noshade><FONT size="2">
Richard A. Foster
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">January 24, 2003
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Steven H. Price<BR>
</FONT><HR size="1" noshade><FONT size="2">
Steven H. Price
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">January 13, 2003
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Norman V. Wagner II<BR>
</FONT><HR size="1" noshade><FONT size="2">
Norman V. Wagner II
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">January 13, 2003
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Paul R. Zippwald<BR>
</FONT><HR size="1" noshade><FONT size="2">
Paul R. Zippwald
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">January 13, 2003
</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">14
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<!-- link1 "CERTIFICATIONS" -->
<DIV align="left"><A NAME="021"></A></DIV>
<P align="center"><FONT size="2"><B>CERTIFICATIONS PURSUANT TO SECTION 302</B>
</FONT>
<DIV align="center"><FONT size="2"><B>OF THE SARBANES-OXLEY ACT OF 2002</B>
</FONT></DIV>
<P align="left"><FONT size="2">I, Allan L. Bridgford, certify that:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">1.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">I have reviewed this annual report on Form&#160;10-K of Bridgford Foods
Corporation;
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">2.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">Based on my knowledge, this annual report does not contain any
untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect to
the period covered by this annual report; and
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">3.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">Based on my knowledge, the financial statements, and other
financial information included in this annual report, fairly present in
all material respects the financial condition, results of operations
and cash flows of the registrant as of, and for, the periods presented
in this annual report.
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">4.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">The registrant&#146;s other certifying officers and I are responsible
for establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules&#160;13a-14 and 15d-14) for the registrant and
have:
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
</TABLE>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="10%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">a.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="91%"><FONT size="2">designed such disclosure controls and procedures to
ensure that material information relating to the registrant,
including its consolidated subsidiaries, is made known to us by
others within those entities, particularly during the period in
which this annual report is being prepared;
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">b.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">evaluated the effectiveness of the registrant&#146;s
disclosure controls and procedures as of a date within 90&#160;days
prior to the filing date of this annual report (the &#147;Evaluation
Date&#148;); and
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">c.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">presented in this annual report our conclusions about
the effectiveness of the disclosure controls and procedures based
on our evaluation as of the Evaluation Date;
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
</TABLE>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">5.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">The registrant&#146;s other certifying officers and I have disclosed,
based on our most recent evaluation, to the registrant&#146;s auditors and
the audit committee of the registrant&#146;s board of directors (or persons
performing the equivalent functions):
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
</TABLE>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="10%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">a.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="91%"><FONT size="2">all significant deficiencies in the design or operation
of internal controls which could adversely affect the
registrant&#146;s ability to record, process and summarize and report
financial data and have identified for the registrant&#146;s auditors
any material weaknesses in internal controls; and
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">b.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">any fraud, whether or not material, that involves
management or other employees who have a significant role in the
registrant&#146;s internal controls; and
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
</TABLE>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">6.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">The registrant&#146;s other certifying officers and I have indicated in
this annual report whether there were significant changes in internal
controls or in other factors that could significantly affect internal
controls subsequent to the date of our most recent evaluation,
including any corrective actions with regard to significant
deficiencies and material weaknesses.
</FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">Dated: January&#160;24, 2003
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="50%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="50%"><FONT size="2">/s/ Allan L. Bridgford<BR>Allan L. Bridgford, Chairman<BR>
(Principal Executive Officer)
</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">15
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="left"><FONT size="2">I, Robert E. Schulze, certify that:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">1.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">I have reviewed this annual report on Form&#160;10-K of Bridgford Foods
Corporation;
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">2.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">Based on my knowledge, this annual report does not contain any
untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect to
the period covered by this annual report; and
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">3.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">Based on my knowledge, the financial statements, and other
financial information included in this annual report, fairly present in
all material respects the financial condition, results of operations
and cash flows of the registrant as of, and for, the periods presented
in this annual report.
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">4.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">The registrant&#146;s other certifying officers and I are responsible
for establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules&#160;13a-14 and 15d-14) for the registrant and
have:
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
</TABLE>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="10%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">a.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="91%"><FONT size="2">designed such disclosure controls and procedures to
ensure that material information relating to the registrant,
including its consolidated subsidiaries, is made known to us by
others within those entities, particularly during the period in
which this annual report is being prepared;
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">b.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">evaluated the effectiveness of the registrant&#146;s
disclosure controls and procedures as of a date within 90&#160;days
prior to the filing date of this annual report (the &#147;Evaluation
Date&#148;); and
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">c.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">presented in this annual report our conclusions about
the effectiveness of the disclosure controls and procedures based
on our evaluation as of the Evaluation Date;
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
</TABLE>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">5.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">The registrant&#146;s other certifying officers and I have disclosed,
based on our most recent evaluation, to the registrant&#146;s auditors and
the audit committee of the registrant&#146;s board of directors (or persons
performing the equivalent functions):
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
</TABLE>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="10%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">a.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="91%"><FONT size="2">all significant deficiencies in the design or operation
of internal controls which could adversely affect the
registrant&#146;s ability to record, process and summarize and report
financial data and have identified for the registrant&#146;s auditors
any material weaknesses in internal controls; and
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">b.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">any fraud, whether or not material, that involves
management or other employees who have a significant role in the
registrant&#146;s internal controls; and
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
</TABLE>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">6.
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">The registrant&#146;s other certifying officers and I have indicated in
this annual report whether there were significant changes in internal
controls or in other factors that could significantly affect internal
controls subsequent to the date of our most recent evaluation,
including any corrective actions with regard to significant
deficiencies and material weaknesses.
</FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">Dated: January&#160;24, 2003
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="50%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="50%"><FONT size="2">/s/ Robert E. Schulze
</FONT></TD>
</TR>
</TABLE>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="50%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="50%"><FONT size="2">Robert E. Schulze, President<BR>
(Principal Financial Officer)
</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">16
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="center"><FONT size="2">BRIDGFORD FOODS CORPORATION
</FONT>
<!-- link1 "INDEX TO CONSOLIDATED FINANCIAL STATEMENTS" -->
<DIV align="left"><A NAME="022"></A></DIV>
<P align="center"><FONT size="2">INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;The consolidated financial statements of the Registrant and its
subsidiaries, including the report thereon of PricewaterhouseCoopers LLP dated
December&#160;20, 2002, appearing on pages 6 through 11 of the accompanying 2002
Annual Report to Shareholders are incorporated by reference in this Annual
Report on Form&#160;10-K. With the exception of the aforementioned information and
the information incorporated in Items 5, 6, 7, 8, 10, 11, 12, 13 and 14, the
2002 Annual Report to Shareholders is not to be deemed filed as part of this
Annual Report on Form&#160;10-K. The following Financial Statement Schedule should
be read in conjunction with the financial statements in such 2002 Annual Report
to Shareholders.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="55%">
<TR valign="bottom">
    <TD width="5%">&#160;</TD>
    <TD width="87%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Page</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Report of Independent
Accountants on Financial Statement Schedule
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2"><B>F-1</B>
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Financial Statement Schedule for
the three years ended November&#160;1, 2002:
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Schedule&#160;II &#150; Valuation and
Qualifying Accounts
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right"><FONT size="2"><B>F-2</B>
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="left"><FONT size="2">All other schedules are omitted because they are not applicable or the required
information is shown in the financial statements or notes thereto.
</FONT>
<P align="center"><FONT size="2">17
</FONT>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="center"><FONT size="2">REPORT OF INDEPENDENT ACCOUNTANTS ON
</FONT>
<P align="center"><FONT size="2">FINANCIAL STATEMENT SCHEDULE
</FONT>
<P align="left"><FONT size="2">To the Board of Directors of<BR>
Bridgford Foods Corporation
</FONT>
<P align="left"><FONT size="2">Our audits of the consolidated financial statements referred to in our report
dated December&#160;20, 2002 appearing on page 11 of the 2002 Annual Report to
Shareholders of Bridgford Foods Corporation (which report and consolidated
financial statements are incorporated by reference in this Annual Report on
Form&#160;10-K) also included an audit of the financial statement schedule listed in
Item&#160;15(a)(2) of this Form&#160;10-K. In our opinion, this financial statement
schedule presents fairly, in all material respects, the information set forth
therein when read in conjunction with the related consolidated financial
statements.
</FONT>
<P align="left"><FONT size="2">/s/PricewaterhouseCoopers LLP<BR>
Orange County, California<BR>
December&#160;20, 2002
</FONT>
<P align="center"><FONT size="2">F-1
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="center"><FONT size="2">BRIDGFORD FOODS CORPORATION
</FONT>
<DIV align="center"><FONT size="2">SCHEDULE II<BR>
VALUATION AND QUALIFYING ACCOUNTS (000&#146;s)
</FONT></DIV>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="70%">
<TR valign="bottom">
    <TD width="37%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="9%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="9%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="3%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="4%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="3%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="4%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="3%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="4%">&#160;</TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Provision for</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Accounts</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Balance at</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Balance at</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>losses on</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>written off</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>close</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>beginning</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Accounts</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>less</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>of</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>of period</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Receivable</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Recoveries</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>period</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="3"><HR size="1" noshade width="60%"></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="3"><HR size="1" noshade width="80%"></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="3"><HR size="1" noshade width="80%"></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="3"><HR size="1" noshade width="80%"></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD colspan="15" align="center"><FONT size="2">November 3, 2000
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Allowance for
doubtful
accounts
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">647
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">325
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">278
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">694
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR>
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&#160;
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD colspan="15" align="center"><FONT size="2">November 2, 2001
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Allowance for
doubtful
accounts
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">694
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">275
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">190
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">779
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR>
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&#160;
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD colspan="15" align="center"><FONT size="2">November 1, 2002
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Allowance for
doubtful
accounts
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">779
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">3,750
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">1,110
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="right"><FONT size="2">$
</FONT></TD>
    <TD align="right"><FONT size="2">3,419
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR>
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&#160;
</FONT></DIV></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">F-2
</FONT>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="center"><FONT size="2">BRIDGFORD FOODS CORPORATION
</FONT>
<P align="center"><FONT size="2">INDEX TO EXHIBITS
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="85%">
<TR valign="bottom">
    <TD width="8%">&#160;</TD>
    <TD width="3%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="1%">&#160;</TD>
    <TD width="3%">&#160;</TD>
    <TD width="77%">&#160;</TD>
    <TD width="3%">&#160;</TD>
    <TD width="3%">&#160;</TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Exhibit</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>No.</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Page No.</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
3.5
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Restated Articles of Incorporation, dated December&#160;29, 1989 (filed as
Exhibit&#160;3.5 to Form&#160;10-K on January&#160;28, 1993 and incorporated herein by
reference).
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">NA
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
3.6
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Amendment to Articles of Incorporation, dated July&#160;27, 1990 (filed as
Exhibit&#160;3.6 to Form&#160;10-K on January&#160;28, 1993 and incorporated herein by
reference).
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">NA
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
3.7
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">By-laws, as amended (filed as Exhibit&#160;2 to Form&#160;10-K on
January&#160;28,1993 and incorporated herein by reference).
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">NA
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
10.1
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Bridgford Foods Corporation Defined Benefit Pension Plan (filed as Exhibit
10.1 to Form&#160;10-K on January&#160;28, 1993 and incorporated herein by reference).
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">NA
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
10.2
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Bridgford Foods Corporation Supplemental Executive Retirement Plan (filed
as Exhibit&#160;10.2 to Form&#160;10-K on January&#160;28, 1993 and incorporated herein by
reference).
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">NA
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
10.3
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Bridgford Foods Corporation Deferred Compensation Savings Plan (filed as
Exhibit&#160;10.3 to Form&#160;10-K on January&#160;28, 1993 and incorporated herein by
reference).
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">NA
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
10.4
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Bridgford Foods Corporation 1999 Stock Incentive Plan and Form of Stock
Option Agreement (files as Exhibit&#160;4.1 to Form&#160;S-8 on May&#160;28, 1999 and
incorporated herein by reference).
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">NA
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
13.1
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">2002 Annual Report to Shareholders.
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">NA
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
21.1
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Subsidiaries of the Registrant.
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">NA
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
23.1
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Consent of Independent Accountants.
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">NA
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
24.1
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Power of Attorney (included as part of the signature page of this Annual
Report on Form&#160;10-K).
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">NA
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
99.1
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Certification Pursuant to 18 U.S.C. Section&#160;1350, as Adopted Pursuant to
Section&#160;906 of the Sarbanes-Oxley Act of 2002 (Principal Executive
Officer).
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">NA
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
99.2
</FONT></TD>
    <TD valign="top"><FONT size="2">&#160;
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Certification Pursuant to 18 U.S.C. Section&#160;1350, as Adopted Pursuant to
Section&#160;906 of the Sarbanes-Oxley Act of 2002 (Principal Financial
Officer).
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">NA
</FONT></TD>
</TR>
</TABLE>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-13.1
<SEQUENCE>3
<FILENAME>a87175exv13w1.txt
<DESCRIPTION>EXHIBIT 13.1
<TEXT>
<PAGE>
                                                                    Exhibit 13.1


DESCRIPTION OF BUSINESS

      Bridgford Foods Corporation and its subsidiaries manufacture and/or
distribute refrigerated, frozen and snack food products. The Company markets its
products throughout the United States and Canada. The Company sells its products
through wholesale outlets, restaurants and institutions. The products are sold
by the Company's own sales force, brokers, cooperatives, wholesalers and
independent distributors. Products are currently sold through approximately
38,000 retail food stores in forty-eight states within the continental United
States, Hawaii and Canada that are serviced by Company-owned service routes.
Company products are also sold throughout the country to approximately another
21,000 retail outlets and 22,000 restaurants and institutions.

      The following summary represents the approximate percentage of net sales
by class of product for each of the last five fiscal years:

<TABLE>
<CAPTION>
                                   2002      2001      2000      1999      1998
<S>                                <C>       <C>       <C>       <C>       <C>
Products manufactured
   or processed by the Company       69        69        68        69        76
Products manufactured
   or processed by others            31        31        32        31        24
Total                               100       100       100       100       100
</TABLE>

COMMON STOCK AND DIVIDEND DATA

      The common stock of the Company is traded in the national over-the-counter
market and is authorized for quotation on The Nasdaq National Market under the
symbol "BRID". The following table reflects the high and low closing prices and
cash dividends paid as quoted by Nasdaq for each of the last eight fiscal
quarters.

<TABLE>
<CAPTION>
Fiscal                                                       Cash
Quarter Ended                     $High       $Low      Dividends Paid
<S>                              <C>         <C>        <C>
February 2, 2001                  13.00       11.88          $.07
May 4, 2001                       13.00       12.80          $.07
August 3, 2001                    13.85       12.23          $.07
November 2, 2001                  14.25       12.45          $.07
February 1, 2002                  13.88       10.72          $.07
May 3, 2002                       13.00       10.45          $.07
August 2, 2002                    15.25       10.40          $.07
November 1, 2002                  12.35        8.58          $.05
</TABLE>

ANNUAL MEETING OF SHAREHOLDERS

      The 2003 annual meeting of shareholders will be held at the Four Points
Sheraton, 1500 South Raymond Avenue, Fullerton, CA. at 10:00 a.m. on Wednesday,
March 12, 2003.

TO OUR SHAREHOLDERS:

      2002 was a difficult year for Bridgford Foods. The bankruptcy of a major
customer, higher pension costs, higher bakery commodity costs and extreme price
competition, as well as a soft economy, all contributed to lower sales and
earnings. Also, the implementation of our new computer system resulted in
approximately $685,000 in non-recurring expenses during fiscal year 2002.
<PAGE>
Sales and Earnings

      Net sales, after reductions for marketing promotions, were $139,202,000 in
2002, an 8.7% decline from same period sales of $152,464,000 in 2001.

      We were gratified by excellent sales of our new Teriyaki and Original
Steak Bites, shown on the back cover of this report. Our Chicago division is
also launching a new sliced Italian Salami product as a companion to our popular
sliced pepperoni. This product enjoys good sales in the markets where it has
been introduced.

      In our frozen food division, Bakery Style Heat & Serve Rolls have been
well received by the restaurant and institutional trade. This delicious product
is available in white, honey wheat, bavarian and herb & garlic flavors.

      Net income in 2002 was $1,138,000, an 81.8% decline from 2001. Earnings
were negatively impacted by lower sales volume, reduced margins and higher
bakery ingredient costs. Increased costs for property and liability insurance,
employee health care, workers' compensation claims and pension obligations also
contributed to our lower earnings.

Operations

      The 2002 year saw the completion of a new specialty dough product
processing line at our North Carolina plant. This will improve service to our
East Coast customers. We are presently completing installation of a highly
efficient and automated frozen roll dough line at the Dallas Frozen-Rite plant.
This will greatly increase our roll manufacturing capacity.

      To date, more than $5,000,000 has been invested in our new management
information system hardware and software. We continue to refine this system and
add important capabilities to it.

Financial Matters

      Working capital at November 1, 2002 totaled $34,613,000, $3,412,000 (9.0%)
less than at the beginning of the year. The decrease relates primarily to
investments in property, plant and equipment ($3,767,000) and cash dividend
payments ($2,717,000). The working capital ratio at November 1, 2002 was 3.93 to
1 compared to 4.09 to 1 a year earlier. The Company remained free of interest
bearing debt for the sixteenth consecutive year. The Company had $9,287,000
invested in interest bearing securities at November 1, 2002 compared to
$12,303,000 invested at November 2, 2001.

      Shareholders' equity totaled $54,390,000 at November 1, 2002. This
represents a decrease of $2,945,000 (5.1%) compared to the prior fiscal year
end. The decrease in shareholders' equity relates to the $2,717,000 paid during
the year for cash dividends and the net accumulated comprehensive charge of
$1,366,000 for pension plan obligations (see Liquidity and Capital Resources in
the Management's Discussion section). The Company did not repurchase any of its
common stock during the year. Approximately 578,000 shares of stock remain
available for purchase as part of the 1.5 million shares previously authorized
by the Board of Directors. Shareholders' equity per share was $5.21 at November
1, 2002, down 5.1% from the end of the prior fiscal year.
<PAGE>
Summary

      2002 was a trying year with many unanticipated charges. The first quarter
of 2003 will also be a difficult period when compared to the first quarter of
2002. Sales comparisons will be difficult when the higher first quarter 2002
sales to our bankrupt customer are considered. We appreciate the support of our
shareholders, directors, employees, customers and suppliers as we plan a more
successful 2003.

Respectfully submitted,


      Allan L. Bridgford      Robert E. Schulze
      Chairman                President

January 17, 2003


Fiscal Year Ended (in thousands)

<TABLE>
<CAPTION>
                                      November 1        November 2          %
                                        2002              2001           Change
<S>                                   <C>              <C>              <C>
Net sales                              $139,202         $152,464         (8.70%)
Income before taxes                       2,271           10,072         (77.45%)
Net income                                1,138            6,244         (81.77%)
Basic earnings per share                    .11              .59         (81.36%)
Cash dividends per share                    .26              .28         (7.14%)
Working capital                          34,613           38,025         (8.97%)
Total assets                             77,182           81,238         (4.99%)
Shareholders' equity                     54,390           57,335         (5.14%)
Return on average equity                   2.09%           11.00%           --
</TABLE>


(in thousands, except per share amounts)

<TABLE>
<CAPTION>
                                       November 1     November 2     November 3       October 29      October 30
                                          2002          2001(A)       2000(A)(B)        1999(A)         1998(A)
<S>                                    <C>            <C>            <C>              <C>             <C>
Net Sales                              $139,202        $152,464        $152,764        $135,490        $131,615
Net Income                                1,138           6,244           8,766          10,025           8,720
Basic Earnings Per Share                    .11             .59             .80             .88             .77
Current Assets                           46,413          50,677          53,100          57,237          50,559
Current Liabilities                      11,800          12,652          14,631          13,477          13,308
Working Capital                          34,613          38,025          38,469          43,760          37,251
Property, Plant and Equip., Net          19,030          19,471          18,964          17,765          16,197
Current Deferred Taxes                    2,999           3,441           3,781           4,606           3,739
Total Assets                             77,182          81,238          82,681          85,469          75,793
Shareholders' Equity                     54,390          57,335          56,196          58,135          50,842
Cash Dividends Per Share                    .26             .28             .28             .24             .22
</TABLE>

(A) Reclassified to give effect to EITF 01-09.
(B) 53 weeks
<PAGE>
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS

Certain statements under "Management's Discussion and Analysis of Financial
Condition and Results of Operations" and elsewhere in this report constitute
"forward-looking statements" within the meaning of the Securities Act of 1933
and the Securities Exchange Act of 1934. Such forward looking statements involve
known and unknown risks, uncertainties, and other factors which may cause the
actual results, performance, or achievements of Bridgford Foods Corporation to
be materially different from any future results, performance or achievements
expressed or implied by such forward looking statements. Such factors include,
among others, the following; general economic and business conditions; the
impact of competitive products and pricing; success of operating initiatives;
development and operating costs; advertising and promotional efforts; adverse
publicity; acceptance of new product offerings; consumer trial and frequency;
changes in business strategy or development plans; availability, terms and
deployment of capital; availability of qualified personnel; commodity, labor,
and employee benefit costs; changes in, or failure to comply with, government
regulations; weather conditions; construction schedules; and other factors
referenced in this report.

      The Company's operating results are heavily dependent upon the prices paid
for raw materials. The marketing of the Company's value-added products does not
lend itself to instantaneous changes in selling prices. Changes in selling
prices are relatively infrequent and do not compare with the volatility of
commodity markets. The impact of inflation on the Company's financial position
and results of operations has not been significant during the last three years.

RESULTS OF OPERATIONS (in thousands)

      The Company implemented EITF 01-09, "Accounting for Consideration Given by
a Vendor to a Customer" in fiscal year 2002. As a result, certain items
previously recorded in Selling, general and administrative expenses have been
reclassified against Net Sales and in Cost of products sold in the accompanying
statements. All prior periods have been retroactively reclassified to give
effect to this requirement. Amounts related to accrued promotions were also
reclassified as an offset to accounts receivable from accounts payable and
accrued liabilities to conform to the current presentation.

2002 compared to 2001

      Sales in fiscal 2002 declined $13,262 (8.7%) when compared to the prior
year. All segments of the Company's business were adversely affected by the
recession. Sales in the Company's frozen food division declined 7.3%, as a
result of continued weak demand and aggressive competition. Sales in the
Company's direct store delivery non-refrigerated meat snack division declined
10.8%, primarily as a result of the weak economy and the bankruptcy of a
significant customer. Sales in the Company's direct store delivery Deli division
also declined 5.9% due to similar factors already noted above.

      The gross margin remained relatively consistent with the prior year at
36.5%. Higher unit costs resulting from lower production volumes were offset by
more favorable pork commodity prices. Flour prices increased during the year
offsetting lower pork commodity prices.

      Selling, general and administrative expenses increased $2,637 (6.3%). The
provision for losses on accounts receivable was increased by $3,750 due to the
bankruptcy of a significant customer and collectibility issues related to other
significant accounts. In addition, the Company expensed approximately $658 in
non-recurring costs associated with the implementation of the Company's new
information systems during the fiscal year. After considering these factors,
selling, general and administrative expenses decreased 4.3% due to lower sales
offset by other factors adversely affecting this category including rising costs
for employee healthcare, worker's compensation, property and liability
insurance, transportation costs and pension expense. The Company expects to
continue the growth and modernization of facilities and equipment used in the
business.

      Income before taxes declined 77.5% as a result of the loss of gross margin
in the amount of $4,834 and the significant factors noted above. The effective
tax rate increased to 49.9%, primarily as the result of the revaluation of
deferred tax assets due to a lower expected state tax rate.

2001 compared to 2000

      Sales in fiscal year 2001 (52 weeks) remained essentially flat when
compared to sales of the prior year (53 weeks). Average weekly sales increased
approximately 2% in fiscal 2001 compared to the prior 53-week year. The sales
increase is primarily a result of increased selling prices and changes in
product mix.

      Cost of products sold remained essentially flat when compared to the prior
year. The gross margin was approximately 37% in 2001 and 2000. Commodity costs
over the course of the 2001 fiscal year were generally comparable to fiscal year
2000.

      Selling, general and administrative expenses increased $2,335 (5.9%) when
compared to the prior 53-week year. Higher costs related to advertising and
product promotions, fuel and insurance were the primary contributors to these
increases. Interest income also declined significantly which adversely impacted
these costs.

      The Company's capital expansion projects remained at levels consistent
with the prior year. The effective tax rate remained consistent with the prior
year at 38%.

2000 compared to 1999

      Sales in fiscal year 2000 increased $17,274 (12.8%) when compared to sales
of the prior year, primarily as a result of increased unit sales volume.

      Cost of products sold increased by $14,726 (18.2%) when compared to the
prior year. The gross margin was approximately 37% in 2000. Costs for pork
commodity products increased in 2000 compared to the historical lows experienced
during 1999. Flour costs continued to be favorable in 2000.

      Selling, general and administrative expenses increased $4,098 (11.6%) when
compared to the prior year. This increase was generally consistent with the
overall increase in sales.

      The Company's capital expansion projects remained at levels consistent
with the prior year. The effective tax rate remained consistent with the prior
year at 38%.
<PAGE>
LIQUIDITY AND CAPITAL RESOURCES (in thousands)

      Net cash provided by operating activities was $3,812 and $4,308 in fiscal
years 2002 and 2001, respectively. Gross accounts receivable balances increased
$3,134 in 2002 and $915 in 2001. The primary reason for the increase in 2002 was
the bankruptcy of a significant customer not yet written off ($2.7 million) and
slower collections. Inventories decreased $1,603 in fiscal year 2002 due to
lower business levels and lower valuations due to favorable commodity cost
trends. Inventories increased $974 in 2001 due to higher unit quantities and
values. Accounts payable decreased $1,766 in 2002 consistent with lower
inventories and lower levels of capital project and business activity. The
current portion of non-current liabilities increased $1,466 in 2002. Adverse
pension investment results will require the Company to significantly increase
its contributions to the pension plan. Included in the current portion of
non-current liabilities is $941 related to the anticipated contribution required
in fiscal 2003. Non-current liabilities decreased $2,844 due to pension
contributions of $1,812 (including the $941 reclassified as current), current
required contributions to the supplemental executive retirement plan of $686 and
a $346 reduction in non-current incentive compensation payable. Off-setting
these decreases was the booking of a minimum pension liability in the amount of
$2,585 as a result of adverse investment results and a lower discount rate being
applied to the accumulated benefit obligation. The net tax effected amount of
this liability is included in shareholders' equity as "Accumulated Comprehensive
Income (loss)".

      The Company's capital improvement expenditures decreased in 2002 compared
to the prior year. Significant projects in process ($985) at November 1, 2002
included a new spiral freezer for our Dallas processing facility ($507) and
equipment to fully automate packaging processes in its Chicago facility($110).
Cash and cash equivalents decreased $2,669 in 2002 and $5,327 in 2001. The
decreases were primarily a result of capital expenditures in the amounts of
$3,767 and $4,590 in 2002 and 2001, respectively; common stock repurchases of
$2,151 in 2001, and higher inventory and refundable income tax balances in 2001.
Working capital decreased $3,412 in 2002 and $444 in 2001. Working capital
decreased primarily as a result of non-current obligations becoming current
primarily the Company's defined benefit pension plan and supplemental executive
retirement plans which historically were classified as non-current liabilities.
Also contributing to this decrease was cash used in operations of $2,669. The
overall change in working capital in fiscal 2001 was insignificant. The Company
has remained free of interest-bearing debt for sixteen consecutive years. The
Company maintains a line of credit with Bank of America that expires April 30,
2004. Under the terms of this line of credit, the Company may borrow up to
$2,000 at an interest rate equal to the bank's reference rate, unless the
Company elects an optional interest rate. The borrowing agreement contains
various covenants, the more significant of which require the Company to maintain
certain levels of shareholders' equity and working capital. The Company was in
compliance with all provisions of the agreement during the 2002 fiscal year and
there were no borrowings under this line of credit during such period.
Management is of the opinion that the Company's strong financial position and
its capital resources are sufficient to provide for its operating needs and
capital expenditures for fiscal 2003.
<PAGE>
Critical Accounting Policies

      The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make certain estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported revenues and expenses during the respective
reporting periods. Actual results could differ from those estimates. Amounts
estimated related to liabilities for self-insured Workers' Compensation and
Employee Healthcare are especially subject to inherent uncertainties and these
estimated liabilities may ultimately settle at amounts not originally estimated.
Management believes its current estimates are reasonable and based on the best
information available at the time.

      The Company's credit risk is diversified across a broad range of customers
and geographic regions. Losses due to credit risk have historically been
immaterial although losses in fiscal year 2002 were significant. The provision
for losses on accounts receivable is based on historical trends and current
collectibility risk. The Company has significant amounts receivable with a few
large, well known customers which, although historically secure, could be
subject to material risk should these customers' operations suddenly
deteriorate. The Company monitors these customers closely to minimize the risk
of loss. One customer comprised 12.5% of revenues in fiscal year 2002.

      Revenues are recognized upon passage of title to the customer typically
upon product shipment or delivery to customers. Products are delivered to
customers through its own fleet or through a company owned Direct Store Delivery
System.

Consolidated Balance Sheets (in thousands)

ASSETS

<TABLE>
<CAPTION>
                                                           November 1     November 2
                                                             2002            2001
<S>                                                        <C>              <C>
Current assets:
   Cash and cash equivalents                               $ 10,305         $12,974
   Accounts receivable, less allowance for doubtful
   accounts of $3,419 and $779 and promotional allowances
   of $1,186 and $1,100                                      12,566          13,182
   Inventories                                               17,562          19,165
   Prepaid expenses                                             244             864
   Refundable income taxes                                    1,737           2,041
   Deferred income taxes                                      3,999           2,451
   Total current assets                                      46,413          50,677

Property, plant and equipment, net of
   accumulated depreciation of $ 39,373
   and $35,378, respectively                                 19,030          19,471
   Other non-current assets                                   8,740           7,649
   Deferred income taxes                                      2,999           3,441
                                                           $ 77,182         $81,238

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
   Accounts payable                                        $  3,956         $ 5,722
   Accrued payroll, commissions and other expenses            4,648           5,200
Current portion of non-current liabilities                    3,196           1,730
   Total current liabilities                                 11,800          12,652

Non-current liabilities                                      10,992          11,251

Contingencies and commitments (Note 6)
Shareholders' equity:
   Preferred stock, without par value
   Authorized - 1,000 shares Issued and
   outstanding - none Common stock, $1.00
   par value Authorized - 20,000 shares
   Issued and outstanding - 10,448                           10,505          10,505
   Capital in excess of par value                            17,475          17,475
   Retained earnings                                         27,776          29,355
   Accumulated comprehensive income (loss)                   (1,366)             --
   Total shareholders' equity                                54,390          57,335
                                                           $ 77,182         $81,238
</TABLE>


See accompanying notes to consolidated financial statements.
<PAGE>
Consolidated Statements of Income (in thousands, except per share amounts)


<TABLE>
<CAPTION>
                                                      Fiscal year ended
                                        November 1        November 2         November 3
                                           2002              2001               2000
<S>                                   <C>                <C>                <C>
Net sales                             $   139,202        $   152,464        $   152,764
Cost of products sold,
   excluding depreciation                  88,460             96,733             95,561
Selling, general and
   administrative expenses                 44,263             41,626             39,291
Depreciation                                4,208              4,033              3,772
                                          136,931            142,392            138,624
Income before taxes                         2,271             10,072             14,140
Provision for taxes on income               1,133              3,828              5,374
Net income                            $     1,138        $     6,244        $     8,766
Basic earnings per share              $       .11        $       .59        $       .80
Shares used to compute basic
   earnings per share                  10,448,271         10,538,091         10,907,701
Diluted earnings per share            $       .11        $       .59        $       .80
Shares used to compute diluted
   earnings per share                  10,488,683         10,595,105         10,926,630
</TABLE>


Consolidated Statements of Shareholders' Equity (in thousands)
<PAGE>
<TABLE>
<CAPTION>
                                                                                          Capital   Accumulated         Total
                                                Common stock              of par         earnings   Income (loss)       equity
                                             Shares         Amount       in excess       Retained   Comprehensive    shareholders'
<S>                                         <C>           <C>            <C>            <C>         <C>              <C>
Balance October 29,1999                      11,370        $11,427        $26,347        $20,361                      $58,135
Net income                                                                                 8,766                        8,766
Cash dividends paid ($.28 per share)                                                      (3,062)                      (3,062)
Shares repurchased and retired                 (755)          (755)        (6,888)                                     (7,643)
Balance, November 3, 2000                    10,615         10,672         19,459         26,065                       56,196
Net income                                                                                 6,244                        6,244
Cash dividends paid ($.28 per share)                                                      (2,954)                      (2,954)
Shares repurchased and retired                 (167)          (167)        (1,984)                                     (2,151)
Balance, November 2, 2001                    10,448         10,505         17,475         29,355                       57,335
Net income                                                                                 1,138                        1,138
Cash dividends paid ($.26 per share)                                                      (2,717)                      (2,717)
Accumulated comprehensive
   net income (loss)                                                                      (1,366)                      (1,366)
Balance, November 1, 2002                    10,448        $10,505        $17,475        $27,776        ($1,366)      $54,390
</TABLE>

See accompanying notes to consolidated financial statements.
<PAGE>
Consolidated Statements of Cash Flows (in thousands)


<TABLE>
<CAPTION>
                                                                           Fiscal year ended
                                                            November 1       November 2       November 3
                                                               2002             2001             2000
<S>                                                         <C>              <C>              <C>
Cash flows from operating activities:

Net income                                                  $  1,138         $  6,244         $  8,766
Adjustments to reconcile net income to net cash
   provided by operating activities:
   Depreciation                                                4,208            4,033            3,772
   Provision for losses on accounts receivable                 3,750              275              325

Gain on sale of assets                                            (3)             (10)            (609)

Changes in operating assets and liabilities:

   Accounts receivable                                        (3,134)            (915)            (277)
   Inventories                                                 1,603             (974)          (2,042)
   Prepaid expenses                                              620             (336)            (259)
   Income taxes, net                                             304           (1,831)            (747)
   Deferred income taxes, net                                 (1,548)             327              495
   Other non-current assets                                      570             (813)            (973)
   Accounts payable                                           (1,766)            (648)           1,876
   Accrued payroll, advertising and other                       (552)            (395)             (51)
   Current portion of non-current liabilities                  1,466              (46)              76
   Non-current liabilities                                    (2,844)            (603)          (2,004)
   Net cash provided by operating activities                   3,812            4,308            8,348

Cash used in investing activities:

   Proceeds from sale of assets                                    3               60              761
   Additions to property, plant and equipment                 (3,767)          (4,590)          (5,124)
   Net cash used in investing activities                      (3,764)          (4,530)          (4,363)

Cash used in financing activities:

   Shares repurchased                                         (2,151)          (7,643)
   Cash dividends paid                                        (2,717)          (2,954)          (3,062)
   Cash used in financing activities                          (2,717)          (5,105)         (10,705)

Net decrease in cash and cash equivalents                     (2,669)          (5,327)          (6,720)

Cash and cash equivalents at beginning of year                12,974           18,301           25,021

Cash and cash equivalents at end of year                    $ 10,305         $ 12,974         $ 18,301

Cash paid for income taxes                                  $  1,789         $  5,108         $  5,878
</TABLE>


See accompanying notes to consolidated financial statements.
<PAGE>
notes to consolidated financial statements

NOTE  1 - THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (in thousands):

      The consolidated financial statements include the accounts of the Company
and its subsidiaries, all of which are wholly owned. All intercompany
transactions have been eliminated. Use of estimates and assumptions

      The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make certain estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported revenues and expenses during the respective
reporting periods. Actual results could differ from those estimates. Amounts
estimated related to liabilities for self-insured Workers' Compensation and
Employee Healthcare are especially subject to inherent uncertainties and these
estimated liabilities may ultimately settle at amounts not originally estimated.
Management believes its current estimates are reasonable and based on the best
information available at the time.

Concentrations of credit risk

      The Company's credit risk is diversified across a broad range of customers
and geographic regions. Losses due to credit risk have historically been
immaterial although losses in fiscal year 2002 were significant. The carrying
amount of cash and cash equivalents, accounts and other receivables, accounts
payable and accrued liabilities approximate fair market value due to the short
maturity of these instruments. The provision for losses on accounts receivable
is based on historical trends and current collectibility risk. The Company has
significant amounts receivable with a few large, well known customers which,
although historically secure, could be subject to material risk should these
customers' operations suddenly deteriorate. The Company monitors these customers
closely to minimize the risk of loss. One customer comprised 12.5% of revenues
in fiscal year 2002.

Business segments

      The Company and its subsidiaries operate in one business segment - the
processing and/or distributing of refrigerated, frozen and snack food products.

Fiscal year

      The Company maintains its accounting records on a 52-53 week fiscal basis.
Fiscal year 2000 included 53 weeks. Fiscal years 2001 and 2002 include 52 weeks
each.

Revenues

      Revenues are recognized upon passage of title to the customer typically
upon product shipment or delivery to customers. Products are delivered to
customers through its own fleet or through a company owned Direct Store Delivery
System. These costs, $6,755 for 2002 and $6,025 for 2001, are included in
Selling, general and administrative expenses in the accompanying statements.


Cash equivalents

      The Company considers all investments with original maturities of three
months or less to be cash equivalents. Cash equivalents include treasury bills
of $9,287 at November 1, 2002 and $12,303 at November 2, 2001.

Inventories

      Inventories are stated at the lower of cost (determined on a first-in,
first-out basis) or market.

Property, plant and equipment

      Property, plant and equipment are carried at cost less accumulated
depreciation. Major renewals and betterments are charged to the asset accounts
while the cost of maintenance and repairs is charged to income as incurred. When
assets are sold or otherwise disposed of, the cost and accumulated depreciation
are removed from the respective accounts and the resulting gain or loss is
credited or charged to income. Depreciation is computed on the straight-line
basis over 10 to 20 years for buildings and improvements, 5 to 10 years for
machinery and equipment and 3 to 5 years for transportation equipment.

Income taxes

      Deferred taxes are provided for items whose financial and tax bases
differ. A valuation allowance is provided against deferred tax assets when it is
expected that it is more likely than not, that the related asset will not be
fully realized.

Stock-based compensation

      Statement of Financial Accounting Standards (SFAS No. 123), "Accounting
for Stock-Based Compensation," encourages, but does not require, companies to
record compensation cost for stock-based employee compensation plans based on
the fair market value of options granted. The Company has chosen to account for
stock based compensation using the intrinsic value method prescribed in
Accounting Principles Board Opinion No. 25, "Accounting for Stock Issued to
Employees," and related interpretations. Accordingly, compensation for stock
options is measured as the excess, if any, of the fair market value of the
Company's stock price at the date of grant as determined by the Board of
Directors over the amount an employee must pay to acquire the stock.
<PAGE>
Basic and diluted earnings per share

      Basic earnings per share is calculated based on the weighted average
number of shares outstanding for all periods presented. Diluted earnings per
share is calculated based on the weighted average number of shares outstanding
plus shares issuable on conversion or exercise of all potentially dilutive
securities.

Accumulated comprehensive income (loss)

       During fiscal year 2002 the Company recognized a minimum pension
liability in accordance with the provisions of SFAS No. 87 "Employers'
Accounting for Pensions" and SFAS No. 130 "Reporting Comprehensive Income". The
impact of this transaction has been recorded as a component of shareholders'
equity, net of tax. No effect has been given to this transaction in the
statement of cash flows.

Reclassifications

      The Company implemented EITF 01-09, "Accounting for Consideration Given by
a Vendor to a Customer" in fiscal year 2002. As a result, certain items
previously recorded in Selling, general and administrative expenses have been
reclassified against Net Sales and in Cost of products sold in the accompanying
Statements. All prior periods have been retroactively reclassified to give
effect to this requirement.

      Amounts related to accrued promotions were also reclassified as an offset
to accounts receivable from accounts payable and accrued liabilities to conform
to the current presentation.

Recent accounting pronouncements

      On April 30, 2002, the Financial Accounting Standards Board (FASB) issued
Statement on Financial Accounting Standards (SFAS) No. 145, Rescission of FASB
Statements No. 4, 44, and 64, Amendment of FASB Statement No. 13, and Technical
Corrections. In rescinding FASB SFAS No. 4, Reporting Gains and Losses from
Extinguishment of Debt, and FASB SFAS No. 64, Extinguishments of Debt Made to
Satisfy Sinking-Fund Requirements. SFAS 145 eliminates the requirement that
gains and losses from the extinguishment of debt be aggregated and, if material,
classified as an extraordinary item, net of the related income tax effect. The
Company does not believe that the adoption of SFAS No. 145 will have a material
impact on the Company's financial statements.

      On June 28, 2002, the Board voted to issue FASB SFAS No. 146, Accounting
for Costs Associated with Exit or Disposal Activities. SFAS No. 146 addresses
significant issues relating to the recognition, measurement, and reporting of
costs associated with exit and disposal activities, including restructuring
activities, and nullifies the guidance in Emerging Issues Task Force (EITF)
Issue No. 94-3, Liability Recognition for Certain Employee Termination Benefits
and Other Costs to Exit an Activity (including Certain Costs Incurred in a
Restructuring). SFAS 146 does not apply to (1) costs associated with the
restructuring of an entity newly acquired in a business combination, which will
continue to be accounted for under EITF Issue No. 95-3, Recognition of
Liabilities in Connection with a Purchase Business Combination, (2) termination
benefits that are provided to employees under the terms of an ongoing benefit
arrangement (or enhancements to an ongoing benefit arrangement) or an individual
deferred compensation contract covered by other accounting pronouncements, (3)
costs to terminate a capital lease which continue to be accounted for in
accordance with FASB Statement No. 13, Accounting for Leases, or (4) a disposal
activity covered by SFAS No. 144.
<PAGE>
      SFAS No. 146 requires that the initial liability for costs associated with
exit and disposal activities be measured at fair value. Additionally, the
liability must be evaluated each reporting period and subsequent changes in the
fair value of the liability be measured using an interest allocation approach.
SFAS No. 146 prohibits the recognition of a liability based solely on an
entity's commitment to a plan, which, in turn, nullifies Issue 94-3. Requires
that all other costs associated with an exit or disposal activity be expensed as
incurred, even if those costs are incremental to other operating costs and will
be incurred as a direct result of the plan.

      The provisions of FAS No. 146 are effective for exit or disposal
activities initiated after December 31, 2002. Earlier application is encouraged.
Management does not believe that the adoption of SFAS No. 146 will have a
material impact on the Company's financial statements.

NOTE 2 - COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS:

                                 (in thousands)

<TABLE>
<CAPTION>
                                                          2002             2001
<S>                                                     <C>              <C>
Inventories:
Meat, ingredients and supplies                          $  4,187         $  3,757
Work in process                                            1,940            1,324
Finished goods                                            11,435           14,084
                                                        $ 17,562         $ 19,165

Property, plant and equipment:
Land                                                    $  1,807         $  1,614
Buildings and improvements                                13,059           12,649
Machinery and equipment                                   34,350           31,718
Transportation equipment                                   9,187            8,868
                                                          58,403           54,849
Accumulated depreciation                                 (39,373)         (35,378)
                                                        $ 19,030         $ 19,471

Projects in process totaled $985 and $1,786
at Nov. 1, 2002 and Nov. 2, 2001, respectively

Other non-current assets:
Cash surrender value benefits                           $  8,541         $  7,649
Intangible asset                                             199               --
                                                        $  8,740         $  7,649
Accrued payroll, advertising and other expenses:
Payroll, vacation, payroll taxes
 and employee benefits                                  $  3,073         $  3,553
Accrued advertising and broker commissions                   707              669
Income taxes payable                                                          330
Property taxes                                               381              328
Others                                                       487              320
                                                        $  4,648         $  5,200
Non-current liabilities:
Incentive compensation                                  $  2,038         $  3,438
Accrued pension                                            1,835            2,465
Accrued supplemental retirement                            4,214            5,018
Accrued employee benefits                                    320              330
Additional minimum pension liability                       2,585               --
                                                        $ 10,992         $ 11,251
</TABLE>
<PAGE>
NOTE 3 - RETIREMENT AND OTHER BENEFIT PLANS:

      The Company has noncontributory-trusteed defined benefit retirement plans
for sales, administrative, supervisory and certain other employees. The benefits
under these plans are primarily based on years of service and compensation
levels. The Company's funding policy is to contribute annually the maximum
amount deductible for federal income tax purposes.

Net pension cost consisted of the following (in thousands):

<TABLE>
<CAPTION>
                                       2002            2001            2000
<S>                                  <C>             <C>             <C>
Cost of benefits earned
   during the year                   $ 1,055         $   827         $   746
Interest cost on projected
   benefit obligation                  1,312           1,142           1,025
Actual return on plan assets           1,127           1,372          (1,059)
Deferral of unrecognized
   (loss) gain on plan assets         (2,286)         (2,609)             40
Amortization of unrecognized
   (gain) loss                             8             (88)            (95)
Amortization of transition
   asset (15.2 years)                    (76)            (76)            (76)
Amortization of unrecognized
   prior service costs                    41              36              36
Net pension cost                     $ 1,181         $   604         $   617
</TABLE>

      The 1987 transition asset is being amortized using the straight-line
method over the average remaining service period of active plan participants at
the date of adoption of the plan. At November 1, 2002, 1.93 years of
amortization remained. The discount rate in determining the projected benefit
obligation was 6.75% for fiscal year 2002 and 7% for fiscal year 2001 and 7.75%
for fiscal year 2000. The expected long-term rate of return used in determining
the projected benefit obligation for fiscal years 2002, 2001 and 2000 was 8%.
The assumed rate of future compensation increases for fiscal year 2002 was 3.75%
and 4.00% for fiscal years 2001 and 2000.

      Plan assets are primarily invested in marketable equity securities,
corporate and government debt securities and real estate and are administered by
an investment management company. Adverse investment results were experienced
during fiscal year 2002. In addition, the discount rate used to value the
projected benefit obligation was lowered to 6.75% compared to 7% in the prior
fiscal year. These factors resulted in an additional minimum liability that has
been recorded as a reduction of shareholder's equity in the accompanying balance
sheet.

      The funded status of the plan is as follows: (in thousands)

<TABLE>
<CAPTION>
                                              2002             2001             2000
<S>                                         <C>              <C>              <C>
Plan assets at fair
   market value                             $ 13,898         $ 14,464         $ 15,323
Actuarial present value of
   benefit obligations:
Accumulated benefits based on current
   salary levels, including vested
   benefits of $17,770, $15,272 and
   $13,184                                    19,259           16,523           14,166
Additional benefits based on
   estimated future salary levels              2,766            2,321              849
Projected benefit obligation                  22,025           18,844           15,015
Projected benefit obligation
   in excess of plan assets                   (8,127)          (4,380)             308
Unrecognized prior service costs                 199              162              197
Unrecognized loss (gain) on
   plan assets                                 5,295            1,972           (2,829)
Unrecognized net transition asset               (143)            (219)            (294)
Additional accrued minimum liability          (2,584)              --               --
Accrued pension cost                        $ (5,360)        $ (2,465)        $ (2,618)
</TABLE>
<PAGE>
      In fiscal year 1991, the Company adopted a non-qualified supplemental
retirement plan for certain key employees. Benefits provided under the plan are
equal to 60% of the employee's final average earnings, less amounts provided by
the Company's defined benefit pension plan and amounts available through Social
Security. Total annual benefits are limited to $120 for each participant in the
plan. Effective January 1, 1991 the Company adopted a deferred compensation
savings plan for certain key employees. Under this arrangement, selected
employees contribute a portion of their annual compensation to the plan. The
Company contributes an amount to each participant's account by computing an
investment return equal to Moody's Average Seasoned Bond Rate plus 2%. Employees
receive vested amounts upon death, termination or attainment of retirement age.
Total benefit expense recorded under these plans for fiscal years 2002, 2001 and
2000 were $377, $393 and $351 respectively. Benefits payable related to these
plans and included in other non-current liabilities in the accompanying
financial statements were $4,214 and $5,018 at November 1, 2002 and November 2,
2001, respectively. In connection with this arrangement the Company is the
beneficiary of life insurance policies on the lives of certain key employees.
The aggregate cash surrender value of these policies, included in non-current
assets, was $8,541 and $7,649 at November 1, 2002 and November 2, 2001,
respectively.

      The Company provides an incentive compensation plan for certain key
executives, which is based upon the Company's pretax income and return on
shareholders' equity. The payment of these amounts is generally deferred over a
five-year period. The total amount payable related to this arrangement was
$3,718 and $5,168 at November 1, 2002 and November 2, 2001, respectively. Future
payments are approximately $1,579, $1,147, $624, $299 and $69 for fiscal years
2003 through 2007, respectively.

      Postretirement health care benefits in the approximate amount of $320 and
$330 are included in non-current liabilities at November 1, 2002 and November 2,
2001, respectively.

      The Company's 1999 Stock Incentive Plan ("the Plan") was approved by the
Board of Directors on January 11, 1999 and 275,000 options were granted on April
29, 1999. Under the Plan, the maximum aggregate number of shares which may be
optioned and sold is 900,000 shares of common stock, subject to adjustment upon
changes in capitalization or merger. Generally, options granted under the plan
vest in annual installments over four years following the date of grant (as
determined by the Board of Directors) subject to the optionee's continuous
service. Options expire ten years from the date of grant with the exception of
an incentive stock option granted to an optionee who owns stock representing
more than 10% of the voting power of all classes of stock of the Company, in
which case the term of the option is five years. Options generally terminate
three months after termination of employment or one year after termination due
to permanent disability or death. Options are generally granted at a fair market
value determined by the Board of Directors subject to the following:

      With respect to options granted to an employee or service provider who, at
the time of grant owns stock representing more than 10% of the voting power of
all classes of stock of the Company; the per share exercise price shall be no
less than 110% of the fair market value on the date of grant.

      With respect to options granted to an employee or service provider other
than described in the preceding paragraph, the exercise price shall be no less
than 100% for incentive stock options and 85% for non-statutory stock options of
the fair market value on the date of grant.

      As of October 29, 1999, 275,000 options were outstanding at an exercise
price of $10.00 per share. During fiscal year 2000, 25,000 options with a
weighted average exercise price of $10.00 were cancelled. As November 1, 2002,
250,000 options were outstanding at an exercise price of $10.00 per share.

      The following balances are reflected as of Nov. 1, 2002:


<TABLE>
<CAPTION>
                     Options Outstanding                 Options Exercisable
                                Weighted
                                 average    Weighted                Weighted
                                remaining    average                 average
        Exercise                  life      exercise                exercise
          price      Shares      (years)      price      Shares       price
<S>                 <C>         <C>         <C>          <C>        <C>
           $10       250,000       6.5         $10       187,500       $10
</TABLE>

      The Company adopted the disclosure requirements of Statement of Financial
Accounting Standards No. 123 ("FAS 123"). As permitted by FAS 123, the Company
measures compensation cost in accordance with APB 25. Had compensation cost for
the Company's Stock Option Plan been determined based on the fair value of the
options consistent with FAS 123, the Company's net income and earnings per share
would have been reduced to the pro forma amounts indicated below (in thousands,
except per share amounts):

<TABLE>
<CAPTION>
                                   2002             2001             2000
<S>                             <C>              <C>              <C>
Net Income As reported          $   1,138        $   6,244        $   8,766
   Pro forma                    $     991        $   6,007        $   8,506
Basic Earnings Per Share
   As reported                  $     .11        $     .59        $     .80
   Pro forma                    $     .09        $     .57        $     .78
</TABLE>
<PAGE>
      The fair value of compensatory stock options was estimated using the
Black-Scholes option-pricing model using the following weighted average
assumptions:

<TABLE>
<S>                              <C>
Risk-free interest rate          5.34%
Expected years until exercise     6.0 years
Expected stock volatility        40.0%
Expected dividends               2.20%
</TABLE>

NOTE 4 - INCOME TAXES:

      The provision for taxes on income includes the following:
                  (in thousands)

<TABLE>
<CAPTION>
                    2002           2001          2000
<S>               <C>             <C>           <C>
Current:
   Federal        $ 1,073         $2,830        $4,060
   State              145            671           819
                    1,218          3,501         4,879
Deferred:
   Federal           (398)           292           444
   State              313             35            51
                      (85)           327           495
                  $ 1,133         $3,828        $5,374
</TABLE>

      The total tax provision differs from the amount computed by applying the
statutory federal income tax rate to income before income taxes as follows:

                  (in thousands)

<TABLE>
<CAPTION>
                                                      2002          2001          2000
<S>                                                 <C>           <C>           <C>
Provision for federal income taxes
   at the applicable statutory rate                 $  772        $3,424        $4,808
State income taxes, net of
   federal income tax benefit                           60           376           521
Effect of change in state statutory rate 270            --            --
Other, net                                              31            28            45
                                                    $1,133        $3,828        $5,374
</TABLE>

      Deferred income taxes result from differences in the bases of assets and
liabilities for tax and accounting purposes.

<TABLE>
<CAPTION>
                                        (in thousands)
                                             2002              2001
<S>                                     <C>               <C>
Receivables allowance                     $ 1,679           $   319
Inventory capitalization                      307               406
Incentive compensation                        574               614
Franchise tax                                  97               148
Employee benefits                           1,417               862
Other                                         (75)              102
Current tax assets, net                   $ 3,999           $ 2,451
Incentive compensation                    $   775           $ 1,408
Pension and health care benefits            2,420             3,198
Depreciation                               (1,216)           (1,165)
Additional accrued minimum
   pension liability                        1,020                --
Non-current tax assets, net               $ 2,999           $ 3,441
</TABLE>

      No valuation allowance was provided against deferred tax assets in the
accompanying statements.
<PAGE>
NOTE  5 - LINE OF CREDIT (in thousands):

      Under the terms of a revolving line of credit with Bank of America, the
Company may borrow up to $2,000 through April 30, 2004. The interest rate is at
the bank's reference rate unless the Company elects an optional interest rate.
The borrowing agreement contains various covenants, the more significant of
which require the Company to maintain certain levels of shareholders' equity and
working capital. The Company was in compliance with all provisions of the
agreement during the year. There were no borrowings under this line of credit
during the year.

NOTE  6 - CONTINGENCIES AND COMMITMENTS (in thousands):

      The Company leases certain transportation equipment under an operating
lease expiring in 2009. The terms of the lease provide for annual renewal
options and contingent rental payments based upon mileage and adjustments of
rental payments based on the Consumer Price Index. Minimum rental payments were
$358 in fiscal year 2002, $340 in fiscal year 2001 and $320 in fiscal year 2000.
Contingent payments were $130 in fiscal year 2002, and $110 in fiscal years 2001
and 2000. Future minimum lease payments are approximately $368 in the years 2003
and 2004, $298 in 2005, $49 in 2006, $29 in 2007 and 2008 and $10 in 2009.

Report of independent accountants PricewaterhouseCoopers LLP

To the Board of Directors and Shareholders of Bridgford Foods Corporation

      In our opinion, the accompanying consolidated balance sheets and the
related consolidated statements of income, shareholders' equity and cash flows
present fairly, in all material respects, the financial position of Bridgford
Foods Corporation and its subsidiaries at November 1, 2002 and November 2, 2001,
and the results of their operations and their cash flows for each of the three
years in the period ended November 1, 2002, in conformity with accounting
principles generally accepted in the United States of America. These financial
statements are the responsibility of the Company's management; our
responsibility is to express an opinion on these financial statements based on
our audits. We conducted our audits of these statements in accordance with
auditing standards generally accepted in the United States of America, which
require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements, assessing the accounting principles
used and significant estimates made by management, and evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for the opinion expressed above.

Orange County, California
December 20, 2002

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-21.1
<SEQUENCE>4
<FILENAME>a87175exv21w1.htm
<DESCRIPTION>EXHIBIT 21.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv21w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="center"><FONT size="2">BRIDGFORD FOODS CORPORATION
</FONT>
<P align="center"><FONT size="2">EXHIBIT 21.1
</FONT>
<P align="center"><FONT size="2">SUBSIDIARIES OF REGISTRANT
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="55%">
<TR valign="bottom">
    <TD width="79%">&#160;</TD>
    <TD width="5%">&#160;</TD>
    <TD width="16%">&#160;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Name of Subsidiary</B>
</FONT></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>State in which Incorporated</B>
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade width="35%"></TD>
    <TD><FONT size="1">&#160;
</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Bridgford Marketing Company
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
California
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Bridgford Meat Company
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
California
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Bridgford Food Processing Corporation
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
California
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Bridgford Food Processing of Texas, L.P.**
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
Texas
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">A.S.I. Corporation
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
California
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Bridgford Distributing Company of
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Delaware (inactive)
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
Delaware
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">American Ham Processors, Inc.* (inactive)
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
Delaware
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Bert Packing Company (inactive)
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
Illinois
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Moriarty Meat Company (inactive)
</FONT></TD>
    <TD><FONT size="2">&#160;
</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
Illinois
</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">*
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="96%"><FONT size="2">- No shares have been issued.
</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">**
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="96%"><FONT size="2">- Limited Partnership.
</FONT></TD>
</TR>
</TABLE>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>5
<FILENAME>a87175exv23w1.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv23w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="center"><FONT size="2">EXHIBIT 23.1
</FONT>
<P align="center"><FONT size="2">CONSENT OF INDEPENDENT ACCOUNTANTS
</FONT>
<P align="left"><FONT size="2">&#160;&#160;&#160;&#160;&#160;We hereby consent to the incorporation by reference in
the Registration Statement on Form&#160;S-8 (No.&#160;333-79547) of Bridgford Foods Corporation of our
report dated December&#160;20, 2002 relating to the financial statements, which
appears in the Annual Report to Shareholders, which is incorporated in this
Annual Report on Form&#160;10-K. We also consent to the incorporation by reference
of our report dated December&#160;20, 2002 relating to the consolidated financial
statement schedule, which appears in this Form&#160;10-K.
</FONT>
<P align="left"><FONT size="2">/s/ PricewaterhouseCoopers LLP<BR>
Orange County, California<BR>
January&#160;24, 2003
</FONT>

</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>6
<FILENAME>a87175exv99w1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w1</TITLE>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="right"><FONT size="2"><B>Exhibit&#160;99.1</B>
</FONT>
<P align="center"><FONT size="2">Certification Pursuant to 18 U.S.C. Section&#160;1350, As Adopted Pursuant to<BR>
Section&#160;906 of the Sarbanes-Oxley Act of 2002
</FONT>
<P align="left"><FONT size="2">I, Allan L. Bridgford, Chairman of Bridgford Foods Corporation (the &#147;Company&#148;),
certify, pursuant to Section&#160;906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C.
Section&#160;1350, that:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(1)
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">the Annual Report on Form&#160;10-K of the Company for the fiscal year
ended November&#160;1, 2002 (the &#147;Report&#148;) fully complies with the
requirements of Section&#160;13(a) or 15(d) of the Securities Exchange Act
of 1934 (15 U.S.C. 78m or 780(d)); and
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(2)
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">the information contained in the Report fairly presents, in all
material respects, the financial condition and results of operations of
the Company.
</FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">Dated: January&#160;24, 2003
</FONT>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="45%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="46%">&nbsp;</TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">&#160;</FONT></TD>
    <TD><FONT size="2">&#160;</FONT></TD>
    <TD><FONT size="2">/s/</FONT></TD>
    <TD><FONT size="2">&#160;</FONT></TD>
    <TD><FONT size="2">Allan L. Bridgford</FONT></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">&#160;</FONT></TD>
    <TD><FONT size="2">&#160;</FONT></TD>
    <TD><FONT size="2">&#160;</FONT></TD>
    <TD><FONT size="2">&#160;</FONT></TD>
    <TD><FONT size="2"><HR size="1" noshade width="70%" align="left">
Allan L. Bridgford, Chairman<BR>
(Principal Executive Officer)
</FONT></TD>
</TR>
</TABLE>

</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>7
<FILENAME>a87175exv99w2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="right"><FONT size="2"><B>Exhibit&#160;99.2</B>
</FONT>
<P align="center"><FONT size="2">Certification Pursuant to 18 U.S.C. Section&#160;1350, As Adopted Pursuant to<BR>
Section&#160;906 of the Sarbanes-Oxley Act of 2002
</FONT>
<P align="left"><FONT size="2">I, Robert E. Schulze, President of Bridgford Foods Corporation (the &#147;Company&#148;),
certify, pursuant to Section&#160;906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C.
Section&#160;1350, that:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(1)
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">the Annual Report on Form&#160;10-K of the Company for the fiscal year
ended November&#160;1, 2002 (the &#147;Report&#148;) fully complies with the
requirements of Section&#160;13(a) or 15(d) of the Securities Exchange Act
of 1934 (15 U.S.C. 78m or 780(d)); and
</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&#160;
</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(2)
</FONT></TD>
    <TD width="3%"><FONT size="2">&#160;
</FONT></TD>
    <TD width="93%"><FONT size="2">the information contained in the Report fairly presents, in all
material respects, the financial condition and results of operations of
the Company.
</FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">Dated: January&#160;24, 2003
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="45%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="46%">&nbsp;</TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">&#160;</FONT></TD>
    <TD><FONT size="2">&#160;</FONT></TD>
    <TD><FONT size="2">/s/</FONT></TD>
    <TD><FONT size="2">&#160;</FONT></TD>
    <TD><FONT size="2">Robert E. Schulze</FONT></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">&#160;</FONT></TD>
    <TD><FONT size="2">&#160;</FONT></TD>
    <TD><FONT size="2">&#160;</FONT></TD>
    <TD><FONT size="2">&#160;</FONT></TD>
    <TD><FONT size="2"><HR size="1" noshade width="70%" align="left">
Robert E. Schulze, President<BR>
(Principal Financial Officer)
</FONT></TD>
</TR>
</TABLE>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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