<SUBMISSION>
<ACCESSION-NUMBER>0000950152-06-000751
<TYPE>425
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20060206
<DATE-OF-FILING-DATE-CHANGE>20060206
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>ALBERTSONS INC /DE/
<CIK>0000003333
<ASSIGNED-SIC>5411
<IRS-NUMBER>820184434
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0131
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>425
<ACT>34
<FILE-NUMBER>001-06187
<FILM-NUMBER>06581583
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>250 PARKCENTER BLVD
<STREET2>P O BOX 20
<CITY>BOISE
<STATE>ID
<ZIP>83726
<PHONE>2083956200
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>250 PARKCENTER BLVD
<STREET2>P O BOX 20
<CITY>BOISE
<STATE>ID
<ZIP>83726
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<FILED-BY>
<COMPANY-DATA>
<CONFORMED-NAME>ALBERTSONS INC /DE/
<CIK>0000003333
<ASSIGNED-SIC>5411
<IRS-NUMBER>820184434
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0131
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>425
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>250 PARKCENTER BLVD
<STREET2>P O BOX 20
<CITY>BOISE
<STATE>ID
<ZIP>83726
<PHONE>2083956200
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>250 PARKCENTER BLVD
<STREET2>P O BOX 20
<CITY>BOISE
<STATE>ID
<ZIP>83726
</MAIL-ADDRESS>
</FILED-BY>
<DOCUMENT>
<TYPE>425
<SEQUENCE>1
<FILENAME>l18390ae425.htm
<DESCRIPTION>ALBERTSON'S, INC.              FORM 425
<TEXT>
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<TITLE>Albertson's, Inc.              Form 425</TITLE>
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Filed by Albertson&#146;s, Inc.<BR>
Commission File No.&nbsp;1-6187<BR>
Pursuant to Rule&nbsp;425 under the Securities Act of 1933<BR>
and deemed filed pursuant to Rule&nbsp;14a-12<BR>
under the Securities Exchange Act of 1934<BR>
Subject Company: Albertson&#146;s, Inc.<BR>
Commission File No.&nbsp;1-6187
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Albertson&#146;s, Inc. Human Resources &#151; Employee Q&#038;A</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>If the proposed transaction occurs, who will be the new owners?</B><BR>
Members of the consortium involved in the transaction are SUPERVALU Inc., CVS, Inc., and an
investor group led by Cerberus Capital Management, L.P., which also includes Kimco Realty,
Schottenstein Realty, Lubert-Adler Partners, and Klaff Realty, LP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Does this mean that there will be no more Albertsons?</B><BR>
No, in fact, both Supervalu and Cerberus have indicated that they intend to operate under the
Albertsons banner. Sav-On and Osco stand alone drug stores that will be transferred to CVS will
be operated under the CVS name.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As detailed in the January&nbsp;23, 2006 press release, Albertsons has entered into an agreement to sell
the Company to a consortium of buyers:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Cerberus-led consortium, which would purchase 655 operating stores and 100% of the
distribution centers and offices in Albertsons&#146; DFW division, and the Northern California,
Rocky Mountain, Florida, and Phoenix regions;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CVS, which would purchase the stand-alone drug business (including the La Habra
distribution center), and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Supervalu, which would purchase approximately 1124 stores and 100% of the support
operations for the Albertsons Southern California and Northwest regions, Bristol Farms and
the Acme, Shaw&#146;s, and Jewel-Osco divisions.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The transaction is subject to customary closing conditions which have not yet been satisfied. If
the transaction closes, Albertsons will continue to exist but not in the form it does today. Parts
of Albertsons will go to three different groups, and its stock will no longer be listed on the
NYSE. As for the brand names, again, we understand that both Supervalu and Cerberus intend to
operate under the current banners in their respective markets. This includes the Albertsons
banner.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>How can we find out more about the buyers?</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Many of you may have seen a video broadcast at your facility with information regarding the
respective buyers. In addition, CVS and Supervalu have information about their companies on their
websites (www.cvs.com and www.supervalu.com).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, we will be providing additional information and responses to associate questions to
you through your store directors, distribution center managers, and HR leads. This information may
also be posted on the &#147;Get Connected&#148; Portal.
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>When will the &#147;deal&#148; be finalized?</B><BR>
The transaction is subject to approval by the shareholders of Albertsons and SUPERVALU as well as
other customary closing conditions, including the receipt of certain regulatory approvals. It is
expected to close in mid-2006.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Will the potential new owners close any stores/distribution centers/offices?</B><BR>
It is too early to know. As of this date, those companies have made no announcements of layoffs.
Further, while we cannot speak for the buyers, it is important to note that all three have publicly
stated that they planned to continue operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>What Resources are available to me during the transition?</B><BR>
As always, during this time many resources and benefits are available to Albertsons associates.
For example, your facility management, Human Resources, Benefits, Associate Relations, and
Associate Hotline are an every-day resource for our associates. In addition, associates who are
eligible for Company Health and Welfare coverage also are provided with an Employee Assistance
Program (EAP). The EAP is a benefit provided by Albertsons to you and your eligible dependants.
Professional EAP Counselors are available to assist you with a variety of personal and work-related
issues, such as
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Marital/relationship</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Family/child concerns</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Stress</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Depression</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Job-related concerns</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Grief</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Child and elder care</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Financial consultation</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Legal Consultation</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Alcohol and drug abuse</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For more
information, access the VMC Connect Web site at www.vmceap.com.<BR>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>What happens to my vacation in the transaction?</B><BR>
You will be credited for vacation with your new employer or if separated, paid for any earned, but
unused vacation or TOPP time in your bank, unless a different result is required by state or local
law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>What would happen to my medical and dental benefits if my job is eliminated and my employment isn&#146;t
transferred to a new employer?</B><BR>
Under that scenario, if you are enrolled under a Company-sponsored medical and dental plan, your
benefits will end on your termination date; however, you will be eligible for COBRA continuation
coverage. If you are covered by a collective bargaining agreement, your benefits will be subject
to the terms of that agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>What is COBRA Continuation Coverage?</B><BR>
COBRA is an extension of your medical, dental, vision and EAP benefits provided by your group
health plan for, in most cases, 18&nbsp;months after termination of employment. Qualified
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">individuals may be required to pay the entire premium for coverage (both employer and employee
premium) at the COBRA rate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>What happens to my life insurance, AD&#038;D and disability coverage, if my employment isn&#146;t transferred
to a new employer?</B><BR>
Your life insurance, AD&#038;D and disability coverage end upon termination of employment. You may be
able to take the life and AD&#038;D coverage with you or convert it to a permanent, private policy.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>If I am a current participant in the Albertsons Savings &#038; Retirement Estates (ASRE)&nbsp;plan or other
Company </B><B>401(k)</B><B> plans, how will my account be affected by the change of ownership?</B><BR>
Vested benefits earned to date under these programs will not be affected. You are always 100%
vested in your personal contributions &#038; corresponding investment results. Vesting may or may not be
accelerated to 100% depending on your individual situation. More specific information will be
provided in the coming weeks.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>If I am a participant in a Company pension plan(s), how will my benefit be affected by the change
of ownership?</B><BR>
The transaction will not affect vested benefits under these plans. They are funded in compliance
with Federal requirements, federally insured up to $45,000 annually, and accrued vested benefits
cannot be reduced.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Should the transaction proceed as planned, what would happen to my Stock Options?</B><BR>
If you are employed with the Company through the day of closing, all unvested options will vest
upon that date. From now until the closing, shares will continue to vest and remain exercisable
according to your original agreement and the Company&#146;s insider trading policies. Specific details
on the treatment of your options following closing (whether they will be cashed out or rolled into
options to acquire stock of the buyer) depend on your individual situation. Specific details will
be communicated in the coming weeks.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>What if I have options that I would like to exercise at this time?</B><BR>
To exercise stock options that are already vested, contact Emery Financial at 866-758-8958. Further
questions can be addressed by sending an email message to <U>stockoptions@albertsons.com</U> or by leaving
a message at 208-395-6999.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Does the Company provide a severance benefit if my job is eliminated?</B><BR>
Generally, if an associate is involuntarily terminated due to a job restructuring, reduction in
force or job elimination, and the associate is not offered a job or subsequently employed by the
Company or a successor employer, the Company would provide a severance benefit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>If the closing of this proposed deal result in a loss of employment, how will I know what programs
and benefits are available to me?</B><BR>
Your HR representative or manager will furnish you with the needed information.
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>We recognize that this Q&#038;A covers some but not all of the benefit programs in which you may
participate. Additional information will be communicated in the coming weeks.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF &#147;SAFE HARBOR&#148;
PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995</I></B><BR>
<I>Except for the historical and factual information contained herein, the matters set forth in this
filing, including statements as to the expected benefits of the acquisition such as efficiencies,
cost savings, market profile and financial strength, and the competitive ability and position of
the combined company, and other statements identified by words such as &#147;estimates,&#148; &#147;expects,&#148;
&#147;projects,&#148; &#147;plans,&#148; and similar expressions are forward-looking statements within the meaning
of the &#147;safe harbor&#148; provisions of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to risks and uncertainties that may cause actual results to
differ materially, including required approvals by Albertson&#146;s and SUPERVALU shareholders and
regulatory agencies, the possibility that the anticipated benefits from the acquisition cannot be
fully realized or may take longer to realize than expected, the possibility that costs or
difficulties related to the integration of Albertson&#146;s operations into SUPERVALU will be greater
than expected, the impact of competition and other risk factors relating to our industry as
detailed from time to time in each of SUPERVALU&#146;s and Albertson&#146;s reports filed with the SEC. You
should not place undue reliance on these forward-looking statements, which speak only as of the
date of this press release. Unless legally required, Albertson&#146;s undertakes no obligation to update
publicly any forward-looking statements, whether as a result of new information, future events or
otherwise.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>ADDITIONAL INFORMATION</I></B><BR>
<I>SUPERVALU and Albertsons will file a joint proxy statement/prospectus with the Securities and
Exchange Commission (SEC). INVESTORS ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS WHEN IT
BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. You will be able to obtain the
joint proxy statement/prospectus, as well as other filings containing information about SUPERVALU
and Albertson&#146;s, free of charge, at the website maintained by the SEC at www.sec.gov. Copies of
the joint proxy statement/prospectus and the filings with the SEC that will be incorporated by
reference in the joint proxy statement/prospectus can also be obtained, free of charge, by
directing a request to SUPERVALU INC., 11840 Valley View Road, Eden Prairie, Minnesota, 55344,
Attention: Corporate Secretary, or to Albertson&#146;s, Inc., 250 East Parkcenter Boulevard, Boise,
Idaho, 83706-3940, Attention: Corporate Secretary. The respective directors and executive officers
of SUPERVALU and Albertson&#146;s and other persons may be deemed to be participants in the solicitation
of proxies in respect of the proposed transaction. Information regarding SUPERVALU&#146;s directors and
executive officers is available in its proxy statement filed with the SEC by SUPERVALU on May&nbsp;12,
2005, and information regarding Albertson&#146;s directors and executive officers is available in its
proxy statement filed with the SEC by Albertson&#146;s on May&nbsp;6, 2005. Other information regarding the
participants in the proxy solicitation and a description of their direct and indirect interests, by
security holdings or otherwise, will be contained the joint proxy statement/prospectus and other
relevant materials to be filed with the SEC when they become available.</I>
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Investors should read the joint proxy statement/prospectus carefully when it becomes available
before making any voting or investment decisions.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>This communication shall not constitute an offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification under the securities
laws of any such jurisdiction.</I>
</DIV>


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