Exhibit 10.3

Del Monte Foods Company Annual Incentive Plan

     Fiscal 2005 Targeted Percentage and Weighting of Objectives for Certain
Executive Officers as Approved by the Compensation Committee on September 22,
2004

                                                      Weighting of Objectives  
             

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                                Individual         Targeted Percentage          
        Objectives/         of Fiscal Year   Corporate Financial   Business Unit
  Management By   Possible Range of Name   Earnings   Objectives   Objectives  
Objectives (MBOs)   Score (1)

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Richard G. Wolford     110.00 %     75 %     —       25 %   0-200% of target
David L. Meyers     70.00 %     75 %     —       25 %   0-200% of target Nils
Lommerin     70.00 %     60 %     —       40 %   0-200% of target Todd R.
Lachman     70.00 %     60 %     —       40 %   0-200% of target Marc D.
Haberman     62.50 %     50 %     10 %     40 %   0-200% of target

(1)   Possible range of scoring for each component (Corporate Financial
Objectives, Business Unit Objectives, Individual Objectives / Management By
Objectives (MBOs)).
Note: the maximum amount payable to any participant for any Plan Year under the
Plan is $2,000,000 or 200% of such participant’s Fiscal Year Earnings, whichever
is less.