1997		1996		1995
		Number	Average	Number	Average	Number	Average
		of	Award	of	Award	of	Award
		Shares	Price	Shares	Price	Shares	Price
	Awards Outstanding
	Beginning of year	30,490	$237.83	31,378	$237.85	26,860	$214.79
	Awarded	20,285	351.68	64	313.88	17,753	244.90
	Vested	(13,521)	228.96	--	--	(12,472)	198.50
	Forfeited	(2,923)	285.35	(952)	243.61	(763)	233.23
	End of year	34,331	$281.19	30,490	$237.83	31,378	$237.85

For the share awards outstanding at December 28, 1997, the aforementioned restriction will lapse in January 1999 for 15,321 shares, January 2001 for 18,010 shares, and January 2004 for 1,000 shares. Stock-based compensation costs resulting from stock awards reduced net income by $1.2 million ($0.11 per share, basic and diluted), $1.1 million ($0.10 per share, basic and diluted), and $1.1 million ($0.10 per share, basic and diluted) in 1997, 1996, and 1995, respectively. Stock Options. The Employee Stock Option Plan, which was adopted in 1971 and amended in 1993, reserves 1,900,000 shares of the company's Class B common stock for options to be granted under the plan. The purchase price of the shares covered by an option cannot be less than the fair value on the granting date. At December 28, 1997, there were 642,475 shares reserved for issuance under the Stock Option Plan, of which 251,225 shares were subject to options outstanding and 391,250 shares were available for future grants. Changes in options outstanding for the years ended December 28, 1997, December 29, 1996, and December 31, 1995 were as follows:

		1997		1996		1995
		Number	Average	Number	Average	Number	Average
		of	Option	of	Option	of	Option
		Shares	Price	Shares	Price	Shares	Price
	Beginning of year	178,625	$270.21	168,525	$258.59	164,500	$255.35
	Granted	80,200	583.62	19,500	343.94	9,000	298.75
	Exercised	(7,600)	234.20	(9,400)	214.89	(3,475)	204.81
	Canceled	--	--	--	--	(1,500)	268.50
	End of year	251,225	$371.35	178,625	$270.21	168,525	$258.59

Of the shares covered by options outstanding at the end of 1997, 133,900 are now exercisable, 21,425 will become exercisable in 1998, 68,425 will become exercisable in 1999, 16,175 will become exercisable in 2000, and 11,300 will become exercisable in 2001. Information related to stock options outstanding at December 28, 1997 is as follows:

	Range of exercise price	Number outstanding at 12/28/97	Weighted average remaining contractual life (yrs.)	Weighted average exercise price	Number exercisable at 12/28/97	Weighted average exercise price
	$173-200	22,900	1.8	$192.00	22,900	$192.00
	205-319	128,625	4.4	275.08	71,125	244.44
	343-350	21,000	9.1	344.35	4,875	343.94
	472	43,700	10.0	472.00	--	--
	733	35,000	10.0	733.00	35,000	733.00

All options were granted at an exercise price equal to or greater than the fair market value of the company's common stock at the date of grant. The weighted-average fair value at date of grant for options granted during 1997, 1996, and 1995 was $87.94, $96.53 and $77.12, respectively. The fair value of options at date of grant was estimated using the Black-Scholes method with the following assumptions:

		1997	1996	1995
	Expected life (years)	7	7	7
	Interest rate	5.84%	6.26%	5.61%
	Volatility	14.2%	14.6%	14.3%
	Dividend yield	1.5%	1.5%	1.5%

Had the fair values of options granted in 1997, 1996, and 1995 been recognized as compensation expense, net income would have been reduced by $1.6 million ($.15 per share, basic and diluted), $0.4 million ($.04 per share, basic and diluted) and $0.1 million ($.01 per share, basic and diluted), in 1997, 1996, and 1995, respectively. Average Number of Shares Outstanding. Basic earnings per share are based on the weighted average number of shares of common stock outstanding during each year. Diluted earnings per common share are based upon the weighted average number of shares of common stock outstanding each year, adjusted for the dilutive effect of shares issuable under outstanding stock options. Basic and diluted weighted average share information for 1997, 1996, and 1995 is as follows:

		Basic Weighted Average Shares	Dilutive Effect of Stock Options	Diluted Weighted Average Shares
	1997	10,699,713	33,278	10,732,991
	1996	10,963,761	16,036	10,979,797
	1995	11,074,978	10,537	11,085,515