EXHIBIT 10.46

NESTLÉ S.A.

  Dreyer’s Grand Ice Cream Holdings, Inc.   5929 College Avenue   Oakland, CA
94618   U.S.A.   Att. A. Romaneschi   Executive Vice President and   Chief
Financial Officer   Vevey, 11th February, 2004

Re:  Bridge Loan Facility for up to USD 400 million dated June 11, 2003 by and
between Nestlé S.A. and Dreyer’s Grand Ice Cream Holdings, Inc., as amended

Dear Mr. Romaneschi,

As discussed, the referenced Bridge Loan Facility shall be amended, effective as
of March 23rd, 2004, by replacing in its entirety the Margin paragraph with the
following:

                      Margin Rating Margin

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    AAA     12.5     basis points         AA     20     basis points        
A+/A1     25     basis points         A/A2     35     basis points         A-/A3
    40     basis points         BBB+/Baa1     50     basis points        
BBB/Baa2     60     basis points         BBB+/Baa3     70     basis points      
  BBB-     80     basis points         BB/BB-     90     basis points    

          The applicable Margin shall be the one set above opposite the long
term unsecured debt rating, to be defined according to Annex 1 hereto, of the
Borrower, as determined by the Lender, based upon (i) each half yearly and
yearly financial statements of the Borrower, as published, and (ii) the net
debt/Ebitda, adjusted for non-recurring deal expenses/revenues (both cash and
non-cash) and for the effects of reverse acquisition accounting, and operating
cash-flow/debt ratios of such financial statements, and be applicable as from
the date of publication of such financial statements by the Borrower until the
next date of publication of such financial statements by the Borrower.

 

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NESTLÉ S.A.

          The Borrower shall provide the Lender with each of its half yearly and
yearly financial statements simultaneously with their publication to the market,
and the Lender shall notify the Borrower of the applicable Margin with five (5)
days upon receipt of such financial statements.

All other terms and conditions of the referenced Bridge Loan Facility are
unchanged by this amendment letter and remain in full force and effect.

Please indicate your agreement by signing and returning to us the attached copy
of this amendment letter.

  Nestlé S.A.

              /s/ J. MARMIER   /s/ G. DUPUIS    

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    J. Marmier   G. Dupuis    

Agreed and accepted:

Dreyer’s Grand Ice Cream Holdings, Inc.

/s/ ALBERTO ROMANESCHI

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By: Alberto Romaneschi