


                         UNITED STATES
              SECURITIES AND EXCHANGE COMMISSION
                    Washington, D.C.  20549
                           FORM 10-Q

                     (Mark One)
     [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                  OF THE SECURITIES EXCHANGE ACT OF 1934

            For the Quarter Ended December 30, 2000

                              OR

     [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                  OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from            to


Commission File Number:   2-62681


                        GOLD KIST INC.
   (Exact name of registrant as specified in its charter)



          GEORGIA                          58-0255560
(State or other jurisdiction of         (I.R.S. Employer
 incorporation or organization)          Identification No.)



244 Perimeter Center Parkway, N.E., Atlanta, Georgia  30346
(Address of principal executive offices)           (Zip Code)



(Registrant's  telephone number, including area code)(770)393-
5000


                            N/A
(Former  name,  former  address and  former  fiscal  year,  if
changed since last report.)

Indicate  by check mark whether the registrant (1)  has  filed
all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or  for  such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                                        Yes   X      No


                            GOLD KIST INC.


                                INDEX


                                                       Page No.

Part  I.   Financial Information


  Item 1.  Financial Statements

           Consolidated Balance Sheets -
             December 30, 2000 and July 1, 2000             1

           Consolidated Statements of Operations
             Three Months and Six Months Ended
             December 30, 2000 and December 31, 1999        2

           Consolidated Statements of Cash Flows -
             Six Months Ended December 30, 2000
             and December 31, 1999                          3

           Notes to Consolidated Financial
             Statements                                  4 -  6

  Item 2.  Management's Discussion and Analysis of
             Consolidated Results of Operations and
             Financial Condition                         7 - 10

  Item 3.  Quantitative and Qualitative Disclosure About
             Market Risks                                  10

Part II.   Other Information

  Item 6.  Exhibits and reports on Form 8-K                11


<TABLE>
                                                               Page 1
Item 1.  Financial              GOLD KIST INC.
         Statements       CONSOLIDATED BALANCE SHEETS
                            (Amounts in Thousands)
                                 (Unaudited)
<CAPTION>
                                               Dec. 30,         July 1,
                                                 2000            2000
<S>                                            <C>             <C>
                  ASSETS
Current assets:
  Cash and cash equivalents                    $  8,901            8,671
  Receivables, principally trade,
    less allowance for doubtful
    accounts of $5,756 at
    December 30, 2000 and $4,041
    at July 1, 2000                             107,971          106,698
  Inventories (note 3)                          174,563          183,061
  Deferred income taxes                          16,360           16,360
  Other current assets                           14,726           18,924
       Total current assets                     322,521          333,714
Investments (notes 4 and 5)                     190,728          167,988
Property, plant and equipment, net              236,145          239,188
Other assets                                    132,188          140,400
                                               $881,582          881,290

       LIABILITIES AND EQUITY
Current liabilities:
  Notes payable and current maturities of
    long-term debt:
    Short-term borrowings (note 8)             $ 91,412          131,910
    Subordinated loan certificates                    -               40
    Current maturities of long-term debt         35,411           34,352
                                                126,823          166,302
  Accounts payable                               68,127           72,325
  Accrued compensation and related expenses      19,894           24,052
  Interest left on deposit                       11,731           11,528
  Other current liabilities                      35,055           35,756
       Total current liabilities                261,630          309,963
Long-term debt, less current maturities
  (note 8)                                      281,669          251,714
Accrued postretirement benefit costs (note 9)    61,898           58,407
Other liabilities                                21,552           21,716
       Total liabilities                        626,749          641,800
Patrons' and other equity:
  Common stock, $1.00 par value - Authorized
    500 shares; issued and outstanding 30 at
    December 30, 2000 and July 1, 2000               30               30
  Patronage reserves                            194,852          197,520
  Accumulated other comprehensive income -
    unrealized gain on marketable equity
    security (notes 4 and 5)                     22,197            8,747
  Retained earnings                              37,754           33,193
       Total patrons' and other equity          254,833          239,490
                                               $881,582          881,290
</TABLE>


          See Accompanying Notes to Consolidated Financial Statements.



Page 2

<TABLE>
                                 GOLD KIST INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                             (Amounts in Thousands)
                                   (Unaudited)

<CAPTION>
                                 Three Months Ended    Six Months Ended
                                 Dec. 30,  Dec. 31,    Dec. 30,  Dec. 31,
                                   2000      1999        2000      1999
                                (13 Weeks) (14 Weeks) (26 Weeks) (27 Weeks)
<S>                              <C>        <C>        <C>       <C>
Net sales volume                 $425,023   444,520     855,306   875,335
Cost of sales                     390,636   422,654     796,160   819,696
 Gross margins                     34,387    21,866      59,146    55,639
Distribution, administrative
 and general expenses              20,081    21,232      40,842    40,948
 Net operating margins             14,306       634      18,304    14,691
Other income (deductions):
 Interest and dividend income       2,783     3,152       5,465     3,616
 Interest expense                  (9,858)   (8,613)    (20,401)  (15,198)
 Equity in earnings (loss) of
   affiliate (note 4)                  68    (1,335)        324    (2,389)
 Miscellaneous, net                 1,242     3,644       2,258     5,015
   Total other deductions          (5,765)   (3,152)    (12,354)   (8,956)
 Margins (loss) before income
   taxes                            8,541    (2,518)      5,950     5,735
Income tax (expense) benefit       (3,238)      868      (2,202)   (1,950)
 Net margins (loss)              $  5,303    (1,650)      3,748     3,785
</TABLE>



          See Accompanying Notes to Consolidated Financial Statements.

<TABLE>
                                                                Page 3
                                 GOLD KIST INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                             (Amounts in thousands)
                                   (Unaudited)
<CAPTION>
                                                     Six Months Ended
                                                   Dec. 30,    Dec. 31,
                                                     2000        1999
                                                   (26 Weeks) (27 Weeks)
<S>                                                <C>         <C>
Cash flows from operating activities:
  Net margins                                      $  3,748       3,785
  Non-cash items included in net margins:
    Depreciation and amortization                    21,067      21,250
    Equity in (earnings) loss of affiliate             (324)      2,389
    Deferred income tax expense (benefit)             2,202      (2,362)
    Other                                             2,093        (219)
  Changes in operating assets and liabilities:
    Receivables                                      (1,273)     (3,902)
    Inventories                                       8,498      (2,339)
    Other current assets                              3,401      23,798
    Accounts payable, accrued and other expenses     (9,057)    (24,986)
Net cash provided by operating activities            30,355      17,414
Cash flows from investing activities:
 Acquisitions of investments                           (462)    (98,600)
 Acquisitions of property, plant and equipment      (16,786)    (10,003)
 Other                                               (1,498)         67
Net cash used in investing activities of
 continuing operations                              (18,746)   (108,536)
Net cash used in investing activities of
 discontinued operations - Repurchase of
 accounts and crop notes receivable                       -     (25,730)
Net cash used in investing activities               (18,746)   (134,266)
Cash flows from financing activities:
 Short-term borrowings (repayments), net            (40,538)     17,015
 Proceeds from long-term debt                       140,000     125,000
 Principal repayments of long-term debt            (108,986)    (32,971)
 Patronage refunds and other equity paid in cash     (1,855)     (3,010)
Net cash (used in) provided by financing activities (11,379)    106,034
Net change in cash and cash equivalents                 230     (10,818)
Cash and cash equivalents at beginning of period      8,671      20,810
Cash and cash equivalents at end of period         $  8,901       9,992
Supplemental disclosure of cash flow data:
 Cash paid (received) during the periods for:
    Interest (net of amounts capitalized)          $ 19,782      16,119
    Income taxes, net                              $ (2,307)      1,573
</TABLE>
          See Accompanying Notes to Consolidated Financial Statements.


                                                       Page 4
                        GOLD KIST INC.
          NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                    (Amounts in Thousands)
                          (Unaudited)


 1.  The   accompanying   unaudited  consolidated   financial
     statements  reflect the accounts of Gold Kist  Inc.  and
     its  subsidiaries  ("Gold Kist" or  the  "Association").
     These  consolidated financial statements should be  read
     in conjunction with Management's Discussion and Analysis
     of  Consolidated  Results  of Operations  and  Financial
     Condition   and  the  Notes  to  Consolidated  Financial
     Statements  on pages 10 through 16 and pages 24  through
     35,  respectively, of Gold Kist's Annual Report  in  the
     previously  filed Form 10-K for the year ended  July  1,
     2000.

     The  Association  employs  a  52/53  week  fiscal  year.
     Fiscal 2001 will be a 52 week, whereas fiscal 2000 was a
     53   week  year.   Accordingly,  the  six  months  ended
     December  30,  2000  included 26 weeks,  while  the  six
     months ended December 31, 1999 had 27 weeks.

 2.  In the opinion of management, the accompanying unaudited
     consolidated    financial   statements    contain    all
     adjustments  (consisting of normal  recurring  accruals)
     necessary to present fairly the financial position,  the
     results   of  operations,  and  the  cash  flows.    All
     significant intercompany balances and transactions  have
     been eliminated in consolidation.  Results of operations
     for  interim  periods are not necessarily indicative  of
     results for the entire year.

 3.  Inventories consist of the following:

 <TABLE>
 <CAPTION>
                                    December 30, 2000   July 1, 2000
     <S>                                <C>                 <C>
     Live poultry and hogs              $ 89,394            97,623
     Marketable products                  54,894            53,367
     Raw materials and supplies           30,275            32,071
                                        $174,563           183,061
 </TABLE>

 4.  (a)  At  December 30, 2000, the Association's marketable
     equity  security was carried at its fair value of  $54.9
     million,  which includes an  unrealized  gain  of  $34.2
     million.  At December 30, 2000, the unrealized gain, net
     of  deferred taxes of $12 million, has been reflected as
     a  component of patrons' and other equity in accumulated
     other  comprehensive  income.   At  July  1,  2000,  the
     Association's marketable equity security was carried  at
     its  fair  value  of  $34.2 million, which  includes  an
     unrealized gain of $13.5 million.  At July 1, 2000,  the
     unrealized gain, net of deferred taxes of $4.7  million,
     has  been reflected as a component of patrons' and other
     equity in accumulated other comprehensive income.

     (b)  Gold  Kist  has  a 25% interest  in  Golden  Peanut
     Company,  LLC  and subsidiaries (Golden  Peanut).   Gold
     Kist's  investment in the limited liability company  was
     $14.5 million at December 30, 2000 and $14.2 million  at
     July 1, 2000.

                                                       Page 5


     Summarized  operating  statement information  of  Golden
     Peanut is shown below:
 <TABLE>
 <CAPTION>
                                Three Months Ended    Six Months Ended
                                Dec. 30,  Dec. 31,   Dec. 30,  Dec. 31,
                                  2000      1999       2000      1999
     <S>                       <C>         <C>       <C>       <C>
     Net sales and other
       operating income        $125,664    96,540    246,712   179,494
     Costs and expenses         125,299    99,789    245,258   185,291
       Net earnings (loss)     $    365    (3,249)     1,454    (5,797)
 </TABLE>

5.   In  October  1998, the Association sold the  assets  of  the
     Inputs   business  to  Southern  States  Cooperative,   Inc.
     (Southern  States).   In order to resolve  the  post-closing
     valuation process, the Association agreed in September  1999
     to  repurchase  from  Southern  States  approximately  $25.7
     million   of  accounts  and  crop  notes  receivable.    The
     agreement resulted in a final settlement payment to Southern
     States of approximately $21.2 million in September 1999.

     In  order to complete the transaction with Southern  States,
     the  Association committed to purchase, subject  to  certain
     terms  and  conditions,  from Southern  States  up  to  $100
     million principal amount of preferred securities if Southern
     States  was  unable  to  market  the  securities  to   other
     purchasers. In October 1999, the Company purchased for $98.6
     million  the  $100  million principal  amount  of  preferred
     securities  as required under the commitment. The  preferred
     securities  carry an initial weighted average dividend  rate
     of  7.8%.   Gold  Kist  is permitted to sell  the  preferred
     securities,  which  are  classified as  investments  in  the
     accompanying  consolidated  balance  sheets,   pursuant   to
     applicable securities regulations.

6.   For  the  three  month period ended December  30,  2000  and
     December    31,   1999,   the   Association's   consolidated
     comprehensive  income (loss) was $20.5  million  and  $(1.4)
     million,  respectively.   For the  six  month  period  ended
     December    30,   2000,   the   Association's   consolidated
     comprehensive income was $17.2 million.  For the  six  month
     period   ended   December   31,  1999,   the   Association's
     consolidated  comprehensive income  was  a  loss  of  $(1.1)
     million.   The difference between consolidated comprehensive
     income  (loss),  as  disclosed  herein,  and  traditionally-
     determined consolidated net margins (loss), as set forth  on
     the   accompanying  Condensed  Consolidated  Statements   of
     Operations,  results from unrealized holding gains  (losses)
     on the marketable security less applicable income taxes.

7.   Effective July 2, 2000, the Association adopted SFAS No. 133
     as  amended  by  SFAS No. 138.  The Statement  requires  the
     recognition of all derivatives on the balance sheet at  fair
     value.    The  Company's  derivatives  include  agricultural
     related  forward  purchase contracts,  futures  and  options
     transactions.   The  Company's  futures  transactions   have
     historically   been   designated  as  hedges   and   options
     transactions  have  been  marked to  market.   Effective  in
     the first quarter of 2001,

                                                           Page 6


     changes  in the fair value of these derivatives, except  for
     forward  purchase  contracts,  have  been  recorded  through
     earnings.   The effect of the adoption of the new Statements
     was immaterial.

8.   On  November  3,  2000, the Association established  a  $240
     million  Senior  Secured  Credit  Facility  with  a group of
     financial institutions that includes a $100 million  364-day
     revolving line of credit, a $95 million two year term  loan,
     and a $45 million five year term loan. The interest rates on
     the 364-day and two year term facilities range from 2.25% to
     3% over the London Interbank Offered Rate (LIBOR),  adjusted
     quarterly based on the  Association's  financial  condition.
     The interest rate on the five year term  loan  was  fixed at
     10.57%.  The  Association's  senior  notes,  senior  secured
     credit facilities and term loan with an  agricultural credit
     bank are secured by substantially all of  the  Association's
     inventory, receivables, and property, plant  and  equipment.
     At December 30, 2000, the Association was in compliance with
     all applicable loan covenants.

     Short-term borrowings of $70 million and long-term  debt  of
     $120 million were repaid and replaced with proceeds of $54.5
     million  from the 364-day revolving line of credit, the  $95
     million  two year term loan, and the $45 million  five  year
     term loan on November 3, 2000.

9.   Effective  January  1, 2001, the  Association  substantially
     curtailed    its    postretirement  medical  benefit   plan.
     Postretirement  medical  coverage will  only be available to
     existing retirees and active employees, who as of that date,
     were 62 years of age or older and had 15 or  more  years  of
     service.  It is anticipated that a one time reduction in the
     accrued  postretirement benefit liability should approximate
     $30 million at January 1, 2001 and that  the  annual expense
     for  fiscal  2001  should  approximate  $7.3  million before
     applicable income taxes.  It  is  also anticipated  that the
     annual postretirement benefit expense should be insignificant
     for fiscal years after 2001.

                                                           Page 7

ITEM 2.       MANAGEMENT'S DISCUSSION AND ANALYSIS
              OF CONSOLIDATED RESULTS OF OPERATIONS
                    AND FINANCIAL CONDITION

RESULTS OF OPERATIONS

The  Association's accounting cycle resulted in 13 weeks  and  26
weeks  of  operations, respectively, in the three and  six  month
periods  ended December 30, 2000 as compared to 14 weeks  and  27
weeks  of  operations, respectively, in the three and  six  month
periods ended December 31, 1999.

Net Sales Volume

Gold  Kist's net sales volume for the quarter ended December  30,
2000 decreased 4.4% as compared to the quarter ended December 31,
1999.   For  the  six month period ended December 30,  2000,  net
sales  volume declined 2.3% from $875.3 million in the comparable
period  last  year  to $855.3 million in the current  year.   The
decrease  in net sales volume was due primarily to the additional
one  week  period in fiscal 2000.  A slight increase  in  average
poultry sales prices and increased export sales partially  offset
the  decrease.  On a comparable per week basis, net sales  volume
was  up  3.0% and 1.5%, respectively, for the quarter  and  first
half  of  fiscal 2001 as compared to the same periods  in  fiscal
2000.   Average broiler sales prices increased 3.6% and 1.9%  for
the  three  months  and  six  months  ended  December  30,  2000,
respectively, as compared to the same periods ended December  31,
1999.  Poultry sales prices continue to be depressed by an excess
supply  of  poultry  and  other meats  such  as  beef  and  pork.
According  to  the U.S. Department of Agriculture's (USDA)  World
Agricultural  Outlook Board, calendar 2000 broiler production  is
estimated  at 30.08 billion pounds, up 2% over 1999, and  broiler
production  for  calendar  2001 is  projected  at  30.88  billion
pounds, 2.7% above the estimate for 2000.

Export  sales of $32.1 million for the first half of fiscal  2001
increased  17.8%  over  the  same period  in  fiscal  2000.   The
increase is principally attributable to increased sales to Russia
due  to an improved Russian economy and a stabilization of  their
rules governing imports.

Net Operating Margins

The  Association had net operating margins of $14.3  million  and
$18.3  million  for the three and six months ended  December  30,
2000  as compared to $634,000 and $14.7 million in the comparable
periods  last year.  The increase in net operating margins in the
quarter ended December 30, 2000 was due primarily to the  receipt
of  $4.1  million  for  a   partial distribution  of  Gold Kist's
share as a class  claimant in  the vitamin antitrust class action
litigation and lower feed  costs due to favorable feed ingredient
futures positions, principally soybean  meal,  closed  during the
quarter. Lower total costs in the fiscal 2001 periods reflect the
one  week reduction in the reporting periods from the prior year,
partially offset by higher processing and energy costs.

Other Income (Deductions)

Interest and dividend income was $5.5 million for the six  months
ended  December 30, 2000 as compared to $3.6 million for the  six
months  ended  December 31, 1999.  The increase was  attributable
primarily to the interest and dividends from the Southern  States
preferred securities acquired in October 1999.

                                                           Page 8

Interest  expense  was  $20.4 million for the  six  months  ended
December 30, 2000 as compared to $15.2 million for the comparable
period last year, an increase of 34.2%.  The increase in interest
expense  was  due  to  higher average  interest  rates  and  loan
balances, and expenses/fees related to the senior secured  credit
agreement established November 3, 2000.

Equity  in  earnings  of  affiliate of $324,000  represented  the
Association's pro rata share of Golden Peanut's earnings for  the
six  months  ended  December  30, 2000  in  accordance  with  the
membership agreement.  This compared to a $2.4 million  pro  rata
share of the affiliate's loss for the same period a year ago.

Miscellaneous,  net  was $1.2 million and $2.3  million  for  the
three and six months ended December 30, 2000 as compared to  $3.6
million and $5.0 million for the same periods last year.  For the
quarter  ended December 31, 1999, miscellaneous, net  included  a
$3.9  million insurance recovery on product theft losses  at  the
Association's South Carolina poultry complex.  For the three  and
six months ended December 30, 2000, miscellaneous, net included a
$262,000  and $269,000 gain, respectively, from the Association's
ownership interest in a pecan processing and marketing company as
compared  to  a  $158,000 and $828,000 gain  for  the  comparable
periods  in 1999.  Income from a hog grow-out joint venture  with
another  regional  cooperative was  $311,000  and  $1.0  million,
respectively, for the three and six month periods ended  December
30,  2000  as  compared to a loss of $(120,000)  and  $(152,000),
respectively,  for the same periods in 1999.   Increases  in  hog
market prices gave rise to this improvement.

For  the  three  and  six  months ended December  30,  2000,  the
Association's  combined federal and state  effective  income  tax
rates  were 38% and 37%, respectively.  Combined effective  rates
for  the three and six month periods ended December 31, 1999 were
34%.   Income  tax  expense  for the periods  presented  reflects
income  taxes  at  statutory  rates adjusted  for  available  tax
credits and deductible nonqualified equity redemptions.

LIQUIDITY AND CAPITAL RESOURCES

The   Association's  liquidity  is  dependent  upon  funds   from
operations  and  external  sources of financing.   The  principal
sources  of  external financing are a secured credit facility,  a
term  loan with an agricultural credit bank and senior notes with
an  insurance company totaling $117.9 million, and a rolling four
month  equity swap agreement with a commercial bank in the amount
of  $43.9  million. The credit facility, which  was  replaced  on
November  3,  2000, included a three-year $120 million  revolving
credit  commitment  and  a $100 million 364-day  line  of  credit
commitment.

On  November 3, 2000, the Association established a $240  million
Senior   Secured  Credit  Facility  with  a  group  of  financial
institutions that includes a $100 million 364-day revolving  line
of  credit,  a $95 million two year term loan, and a $45  million
five  year term loan.  The interest rates on the 364-day and  two
year  term  facilities range from 2.25% to  3%  over  the  London
Interbank Offered Rate (LIBOR), adjusted quarterly based  on  the
Association's financial condition.  The weighted average rate  on
these  facilities was 9.76% at December 30, 2000.   The  interest
rate  on  the  five  year term loan was  fixed  at  10.57%.   The
Association's senior notes, senior secured credit facilities  and
term  loan  with  an  agricultural credit  bank  are  secured  by
substantially  all  of the Association's inventory,  receivables,
and  property,  plant and equipment.  At December 30,  2000,  the
Association had unused loan commitments of $52.5 million.

                                                           Page 9

Covenants  under  the terms of the loan agreements  with  lenders
include  conditions  that  could limit short-term  and  long-term
financing available from various external sources.  The terms  of
debt  agreements specify minimum consolidated tangible net worth,
current  ratio  and coverage ratio requirements,  as  well  as  a
limitation on the funded debt to total capital ratio.   The  debt
agreements  place  a  limitation on capital expenditures,  equity
distributions,   cash   patronage  refunds,   commodity   hedging
contracts  and  additional loans, advances  or  investments.   At
December  30,  2000, the Association was in compliance  with  all
applicable loan covenants.

For  the  first  six  months of fiscal 2001, cash  provided  from
operating  activities  was $30.4 million  as  compared  to  $17.4
million  for the first six months of fiscal 2000.  The cash  flow
from  operating activities, along with additional  net  long-term
borrowings  was  used  to  repay  short-term  borrowings,   which
included  maturing Subordinated Certificates and to fund  capital
asset expenditures of $16.8 million and net equity redemptions of
$1.9 million.

Working  capital and patrons' and other equity were $60.9 million
and  $254.8  million,  respectively,  at  December  30,  2000  as
compared  to  $23.8 million and $239.5 million, respectively,  at
July  1,  2000.   The increase in working capital  reflected  the
decrease  in  short-term borrowings.  The  increase  in  patrons'
equity  reflected  the $13.5 million increase  in  value  of  the
marketable equity security, net of tax, and $3.7 million  in  net
margins for the first half of fiscal 2001.

The  Association plans capital expenditures of approximately  $35
million in 2001 that primarily include expenditures for expansion
of  further  processing  capacity and technological  advances  in
poultry  production and processing.  In addition, planned capital
expenditures  include  other  asset  improvements  and  necessary
replacements.  Management intends to finance planned 2001 capital
expenditures and related working capital needs with existing cash
balances,  cash  expected  to  be provided  from  operations  and
additional  borrowings, as needed.  In 2001,  management  expects
cash   expenditures   to  approximate  $5  million   for   equity
distributions  less insurance proceeds.  In connection  with  the
sale  of  assets of the Agri-Services segment to Southern  States
during  1999,  Gold  Kist discontinued the sale  of  Subordinated
Certificates.   The Association believes cash on  hand  and  cash
equivalents at December 30, 2000 and cash expected to be provided
from  operations,  in  addition  to  borrowings  available  under
committed  credit  arrangements, will be sufficient  to  maintain
cash  flows adequate for the Association's operational objectives
during 2001 and to fund the repayment of outstanding Subordinated
Certificates as they mature.

Important Considerations Related to Forward-Looking Statements

It  should be noted that this discussion contains forward-looking
statements,   which   are  subject  to  substantial   risks   and
uncertainties.  There are many factors which could  cause  actual
results to differ materially from those anticipated by statements
made  herein.   In  light of these risks and  uncertainties,  the
Association cautions readers not to place undue reliance  on  any
forward-looking  statements.   The  Association   undertakes   no
obligation  to  publicly  update or  revise  any  forward-looking
statements based on the occurrence of future events, the  receipt
of new information or otherwise.

                                                          Page 10


Among  the factors that may affect the operating results  of  the
Association are the following: (i) fluctuations in the  cost  and
availability  of  raw materials, such as feed grain  costs;  (ii)
changes  in  the  availability and relative costs  of  labor  and
contract  growers; (iii) market conditions for finished products,
including  the  supply and pricing of alternative proteins;  (iv)
effectiveness  of  sales  and  marketing  programs;   (v)   risks
associated with leverage, including cost increases due to  rising
interest  rates; (vi) changes in regulations and laws,  including
changes   in   accounting  standards,  environmental   laws   and
occupational,  health and safety laws; (vii)  access  to  foreign
markets  together  with foreign economic conditions;  and  (viii)
changes in general economic conditions.

Effects of Inflation

The major factor affecting the Association's net sales volume and
cost  of  sales  is  the change in commodity  market  prices  for
broilers,  hogs and feed grains.  The prices of these commodities
are  affected  by  world market conditions and  are  volatile  in
response  to supply and demand, as well as political and economic
events.   The  price  fluctuations of these  commodities  do  not
necessarily correlate with the general inflation rate.  Inflation
has, however, affected operating costs such as labor, energy  and
material costs.

ITEM  3.  QUANTITATIVE  AND QUALITATIVE DISCLOSURE  ABOUT  MARKET
          RISKS

Market Risk

The principal market risks affecting the Association are exposure
to  changes in commodity prices and interest rates on borrowings.
Although the Company has international sales and related accounts
receivable  for  foreign customers, there is no foreign  currency
exchange  risk  as  all sales are denominated  in  United  States
dollars.

Commodities Risk

The   Association   is   a  purchaser  of  certain   agricultural
commodities  used  for  the manufacture of  poultry  feeds.   The
Association  uses  commodity futures  and  options  for  economic
hedging  purposes  to  reduce the effect  of  changing  commodity
prices  and  to  ensure  supply of a  portion  of  its  commodity
inventories  and  related  purchase  and  sale  contracts.   Feed
ingredients  futures  and option contracts,  primarily  corn  and
soybean  meal, are accounted for at market.  Gains and losses  on
the  transactions  are recorded as a component of  product  cost.
Terms of the Association's secured credit facility limit the  use
of  cash  forward contracts and commodities futures  and  options
transactions.   At  December 30, 2000, the notional  amounts  and
fair value of the Association's outstanding commodity futures and
options positions were not material.

                                                          Page 11


                   PART II:  OTHER INFORMATION


Item 6.  Exhibits and Reports on Form 8-K.

    (a)  Exhibit

         Designation of Exhibit
             in this Report          Description of Exhibit

         None

     (b)Reports  on  Form  8-K.   Gold Kist  has  not  filed  any
        reports  on  Form  8-K  during  the  three  months  ended
        December 30, 2000.

                           SIGNATURES

Pursuant  to the requirements 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.


                                          GOLD KIST INC.
                                           (Registrant)



Date   February 13, 2001
                                         Gaylord O. Coan
                                     Chief Executive Officer
                                   (Principal Executive Officer)




Date   February 13, 2001
                                        Walter F. Pohl, Jr.
                                             Controller
                                   (Principal Accounting Officer)



                                                         Page 11


                   PART II:  OTHER INFORMATION


Item 6.  Exhibits and Reports on Form 8-K.

    (a)  Exhibit

         Designation of Exhibit
             in this Report            Description of Exhibit

         None

     (b) Reports  on  Form  8-K.   Gold Kist  has  not  filed  any
         reports  on  Form  8-K  during  the  three  months  ended
         December 30, 2000.

                           SIGNATURES

Pursuant  to the requirements 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.


                                          GOLD KIST INC.
                                           (Registrant)




Date   February 13, 2001               /s/ Gaylord O. Coan
                                           Gaylord O. Coan
                                       Chief Executive Officer
                                    (Principal Executive Officer)



Date   February 13, 2001             /s/ Walter F. Pohl, Jr.
                                         Walter F. Pohl, Jr.
                                             Controller
                                   (Principal Accounting Officer)

