**EXHIBIT      14**

**Our      Mission**

**Our      Ethical Commitment**

**Exceed      Our Customer’s Expectations **

**Act      with Integrity **

**Be      innovative **

**Collaborate      through Teamwork **

**Deliver      Superior Performance **

**Support      the Community **

| ·   | **Customers**                by                celebrating and advocating for her and by acting in harmony with                ethical                customers relations principles, and with such honesty and respect                for her                to earn her trust, confidence, and loyalty; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **·  ** | **Associates**                by                ensuring that our environment fosters trust, teamwork, mutual respect,                open and honest communication, and creative thinking; |
|------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | **Shareholders**                by                taking the necessary steps to deliver our commitments to them and                build                long-term value; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | **Communities**                by                acting as a committed corporate citizen and by supporting community                initiatives that are significant to our customers; and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | **Vendors                and Suppliers**                by                creating a mutually advantageous businesslike partnership based on                fairness, honesty and respect. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Our      Standards. Our Commitments. Our Stakeholders.**

**Customers      and Marketplace **

**Associates      **

**Our      Shareholders **

**Our      Communities and the Public **

**Vendors      and Suppliers **

**Our      Responsibilities as Charming Shoppes Associates**

**The      Business Conduct Committee**

**When      and Where to Get Help or Report an Ethical Issue**

| **Tony                DeSabato (Chair)** | **Eric                Specter** |
|------------------------------------------|---------------------------------|
| 215                638 6636              | 215                638 6740     |
| tony.desabato@charming.com               | eric.specter@charming.com       |
|                                     |                            |
| **Colin                Stern**           |                            |
| 215                638 6898              |                            |
| colin.stern@charming.com                 |                            |

**Financial      Compliance Hotline (800-227-4602) **

**Business      Ethics Hotline (800-350-0329) **

**Waivers      of these Standards **

**Charming      Shoppes’ Policy Regarding Retaliation **

**Frequently      Asked Questions**

| ·   | Someone                in your reporting structure, |
|--------------------|-----------------------------------------------------|

| ·   | A                senior leader, |
|--------------------|---------------------------------|

| ·   | Any                member of the Business Conduct Committee (Tony DeSabato, Eric Specter,                Colin Stern), |
|--------------------|------------------------------------------------------------------------------------------------------------------------|

| ·   | The                Business Ethics Hotline (800-350-0329), or |
|--------------------|---------------------------------------------------------------|

| ·   | The                Financial Compliance Hotline (800-227-4602) in the event of financial                disclosure, accounting, internal accounting controls, or auditing                matters. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**O**
**ur      Standards**

**Accuracy      of Books, Records and Financial Statements **

| ·   | Maintain                a system of effective internal controls, |
|--------------------|------------------------------------------------------------------|

| ·   | Maintain                books and records that in reasonable detail completely, accurately                and                fairly refiect the Company’s transactions, |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Prohibit                the unauthorized acquisition, use, or disposition of Company assets,                and                the establishment of any undisclosed or unrecorded funds or assets,                false                or misleading entries in the Company’s books and records; and |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Maintain                a system of internal controls and procedures that will provide reasonable                assurances to management that material information about the Company                is                accumulated and communicated to management, including the Chairman,                President and CEO and CFO, to allow timely decisions regarding disclosure. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Books      and Records **

**Financial      Statements **

**Q&A:      Accuracy of Books, Records, and Financial Statements **

|   | Q: | I’m                an hourly associate and my supervisor has asked me to help out with                some                extra work off the clock. What should I do? |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | The                law requires that the Company keep accurate time records. Hourly                associates are not permitted to work off the clock, and it is                inappropriate for a supervisor to make this request. Politely inform                your                supervisor that you would be happy to do the work, but that you cannot                submit an inaccurate time record by not recording your hours. You                should                then report the incident through the Business Ethics Hotline. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Anti-boycott      and Import Laws **

| ·   | Refusing                or agreeing to refuse to do business with a country, it’s nationals or                blacklisted companies for boycott-related purposes; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Discriminating                or agreeing to discriminate against individuals or companies on the                basis                of race, religion, sex, national origin or nationality; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Paying,                honoring, negotiating or implementing letters of credit containing                prohibited boycott provisions. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------|

**Antitrust      and Competition Laws **

**Associate      Privacy **

**Q&A:      Associate Privacy **

|   | Q: | A                friend of mine asked me to give her the names and phone numbers of                co-workers so she can send them a solicitation for a charity for                which she                is helping raise money. Can I do this? |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | No.                You would have to obtain permission from each co-worker to disclose                their                information. You should not do that in that it would put your co-worker                in                an awkward position. When you obtain personal information about a                co-worker, such as address, telephone number, social security number,                etc,                that information is not to be disclosed to others. Of course, you                can use                the information in performing your duties. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Q: | An                associate recently asked me if another associate who works with us                is                HIV-positive. I know that she is. What should I do? |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | Nothing.                Her HIV status is private employee medical information. Federal and                state                laws protect the privacy of such information. Because HIV is not                contagious through casual contact it is not a health risk for other                associates. You need to respect this associate’s privacy by not sharing                this information with anyone else. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Bribery      and Corruption **

**Q&A:      Bribery and Corruption **

|   | Q: | A                government official I am working with on a matter for the Company                pulls me                aside and says that in his area things go faster and easier if his                boss is                taken care of and that the going rate for walking these things through                is                about $1000 in cash. I need to get the job done quickly, what do                I do? |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | Tell                the official that you work for a public company and cannot make any                payments to individuals in cash and report the incident to the Executive                Vice President of Business Ethics. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Competitive      Practices **

**Q&A:      Competitive Practices **

|   | Q: | Is                comparison shopping permitted? |
|--------|----|--------------------------------------------------|

|   | A: | Comparison                shopping is essential and permissible in our business. However,                comparative shopping must be performed legally and ethically with                sensitivity and respect for the competitor’s operations. Comparative                shopping should not involve any attempt to receive or receipt of                confidential non-public information and should never be disruptive                to the                competitors operation. When in a competitor’s store, do not enter any area                of the store that is not open and accessible to the public. Do not                ask for                or accept documents, including price lists, which are not generally                available to the public. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Q: | During                an interview with a candidate who is or was employed by a competitor                can I                ask them information about the competitor’s business? |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | Subject                to the stated restrictions regarding obtaining material, non-public,                confidential information, it is appropriate during the interview                to                acquire information about the candidates’ business accomplishments and the                businesses in which they work or have worked, so as to assess the                candidate’s qualifications and how well they would fit in with our                organization. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Confidential      Information **

**Intellectual      Property Protection **

**Computer      and Network Security **

**Q&A:      Confidential Information **

|   | Q: | A                friend of mine has asked me how business is going. What can I tell                them? |
|--------|----|----------------------------------------------------------------------------------------------------------|

|   | A: | In                social settings it is common to have discussions about work. However,                you                should never reveal any confidential information that has not been                publicly disclosed by the Company. It is always permissible to refer                back                to recent public disclosures of sales information, profit information,                or                any other information that is set out in an official Company press                release. This information is readily accessible on the Charming Shoppes                website on the Internet. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Q: | I                saw a message posted on the internet on the Charming Shoppes message                Board                that                has incorrect information. Can I post a message clarifying it? |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | No.                No associate is authorized or permitted to post messages on such                a public                communication. The Company has a clear policy on the public disclosure                of                information. See “Public and Media Communications.” |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Conflicts      of Interest **

**Outside      Employment **

**Financial      Investments **

**Close      Personal Relationships **

**Q      & A: conflicts of Interest **

|   | Q: | I                was just hired, but my previous employer called and asked if I could                work                part-time a few evenings a week and one day on the weekend. The business                is a retail clothing store but is not a direct competitor. Can I                take the                part-time work? |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | It                might be okay for you to take this job, but you should talk to Human                Resources or the Executive Vice President of Business Ethics first,                since                this is a potential conflict of interest. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Q: | I                recently inherited stock in a competitor‘s company. Do I have to sell it? |
|--------|----|--------------------------------------------------------------------------------------------------|

|   | A: | It                depends on the size of the investment. You should talk to the Executive                Vice President of Business Ethics or another member of the Business                Conduct Committee to determine whether or not you will need to sell                the                stock. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Q: | My                niece plans to apply for a job in a store I manage. Can I hire her                for the                position? |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | No.                This is not a good idea because it could result in favoritism, or                at least                the appearance of favoritism. You should ask your niece to apply                to                another store. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Q: | My                spouse has his own video production company. I’m about to develop a new                video for Charming Shoppes. Can I use my spouse’s company? |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | Probably                not. This situation raises serious conflict of interest issues. The                Company’s dealings with vendors must be totally at arm’s length. Whether                contracting this work out to your spouse’s company is appropriate will                depend on a review of all the facts and circumstances. If an issue                like                this arises, please contact the Executive Vice President of Business                Ethics for clarification. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Customer      Privacy **

**Q&A:      Customer Privacy **

|   | Q: | My                cousin is starting a business that does not compete with the Company                and                has asked me to keep track of the names, address, and phone numbers                of                some of our customers, so she can send them information on her business.                Is it okay to do this? |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | No.                Customer information is confidential and is not to be used for any                purpose                other than authorized business purposes. Names, addresses, telephone                numbers, social security numbers, credit card numbers, credit ratings,                etc                that come to your attention are not to be used for personal use or                for any                third party use not authorized by the Company. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Drug      and Alcohol Use **

**Q&A:      Drug and Alcohol Use **

|   | Q: | An                associate often comes back from lunch smelling of alcohol. What should                I                do? |
|--------|----|------------------------------------------------------------------------------------------------------------------------------|

|   | A: | Talk                to your manager about your concerns. This person’s drinking could be                jeopardizing the safety of the team and needs to be addressed. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Q: | I                know that one of my associates is using illegal drugs on the job.                I want                to talk to her instead of telling our manager. Is this the right                thing to                do? |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | You                are doing the right thing by helping your associate, but drug use                on the                job is of serious concern to the Company. It involves the presence                of                illegal substances on Company property, other legal issues, safety                issues,                and customer relations issues. You should bring the matter to the                attention of your manager, Human Resources, or the Executive Vice                President of Business Ethics. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Environment      **

**Equal      Treatment and Respect **

**Q&A:      Equal Treatment and Respect **

|   | Q: | One                of our vendors is always asking me out on dates. No matter how many                times                I tell him I’m not interested, he keeps asking me. I told my boss about                this behavior and she told me to just ignore him. His behavior really                bothers me. What should I do? |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | What                this vendor is doing may be sexual harassment since you’ve asked him to                stop asking you out, and he hasn’t. Regardless, the behavior is not                appropriate. You need to discuss the situation with Human Resources                or the                Executive Vice President of Business Ethics. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Fair      Labor Practices **

**Q&A:      Fair Labor Practices **

|   | Q: | I                think one of our vendors is not being honest with us about their                use of a                particular subcontractor because this subcontractor doesn’t comply with                fair labor laws. What should I do? |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | You                should contact the Executive Vice President of Business Ethics so                that                your suspicions can be investigated, and an inspection can be conducted                through the fair labor compliance program, if appropriate. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Fraudulent      Behavior **

**Gifts      and Entertainment **

**Government      Associates **

**Gifts      **

**Purchases      from Vendors **

**Q      & A: Purchases from Vendors. **

|   | Q: | I                was in a vendor’s office and admired one of their products. The vendor                offered me a sample. When I told them I couldn’t accept it, they offered                to give it to me at a special discount. Can I do this, on this basis? |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | Probably                not. You cannot accept a special discount from a vendor based on                your                status as an associate. However, this does not prohibit you from                buying                merchandise from a vendor on the same basis that is offered generally                to                the public. Also, from time to time, the Company may enter into                relationships with vendors and arrange for special discounts for                any of                our associates. Purchases from vendors under terms arranged by the                Company                are permissible. If you have a question about a purchase from a vendor,                please contact the Executive Vice President of Business Ethics. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Entertainment      **

**Corporate      Opportunities **

**Q&A:      Gifts and Entertainment **

|   | Q: | I’ve                been working very closely with a vendor whose product is selling                so well                that I’ve placed a large re-order. They recently sent me a handbag from                their line with a thank you note. Can I accept it? |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | No,                you cannot accept the handbag. It should be returned to the giver                with a                note explaining our policy and should be reported to the Executive                Vice                President of Business Ethics. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Q: | In                gratitude for business we’ve given them over the years, a supplier wants                to host a picnic for the people in my department during business                hours.                Can I accept? |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | Maybe.                You should contact the Executive Vice President of Business Ethics.                to                discuss the situation. Depending on the circumstance it may or may                not be                appropriate to participate. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Q: | Recently                I admired a garment that was in a batch of samples a vendor brought                me,                and                the vendor’s representative offered to give it to me for free. Can I                accept it? |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | No.                Accepting samples from a vendor is not permitted under our policy.                For                guidance on purchases from vendors, see “Purchases from Vendors” above. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Health      and Safety **

**Q&A:      Health and Safety **

|   | Q: | Someone                is always propping open a fire door because it gets hot in that part                of                the building. How can I deal with this situation? |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | Propping                a fire door open is a safety risk that should be reported immediately                to                your manager. If this is an ongoing problem that isn’t being addressed by                your manager, you should speak with his or her manager, or the Executive                Vice President of Business Ethics. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Q: | The                other day an associate was injured moving boxes. The employee hasn’t                reported the injury, because she doesn’t feel it’s that serious, and she                doesn’t want to jeopardize the team’s safety record. What should I do? |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | You                have a responsibility to see that this issue is dealt with. You should                encourage your associate to report the injury to your manager. If                she                fails to do so, you should speak to your manager instead. By doing                this,                you are protecting your associate’s health and preventing further injury. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Insider      Trading **

**Q&A:      Insider Trading **

|   | Q: | A                vendor gave me a “hot tip” about a merger he knows is being announced at                his company in a few weeks. I’m thinking about buying some stock. Can I do                this? |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | No.                If you buy stock based on the confidential merger information, you                would                be acting on material, non-public information and violating insider                trading laws. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Loans      **

**Marketing      Integrity **

**Political      Contributions and Activities **

**Q      & A: Political Activity **

|   | Q: | I                was recently elected to city council in the community where I live.                Charming Shoppes plans to open some stores there and will need to                apply                for renovation permits through the council. What should I do? |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | You                should inform the Executive Vice President of Business Ethics and                the                council, of the potential conflict of interest, and obtain direction                from                the Executive Vice President of Business Ethics. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Q: | I’m                working on a political campaign for a candidate running for local                office.                I didn’t have time to run off flyers for an upcoming meeting. I only need                a hundred copies and it will only take a few minutes. Can I do the                copying                at work? |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | No.                There are two problems with this. This would be an improper use of                Company                assets. It might lead to a claim that the Company was engaging in                inappropriate political activity. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Public      and Media Communications **

**Q      & A: Public and Media Inquiries **

|   | Q: | I                recently received a phone call from someone outside the Company asking                about what we expect the hot trends to be next season. I know what                we plan                to feature in a big way next season, but am not sure if I should                talk to                this person. What should I do? |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | Because                the question relates to non-public future plans, the caller is asking                you                to discuss confidential information, which you should not do. You                should                tell the caller that you will take down his or her contact information                and                provide it to the appropriate channel for a response. You should                then                contact Public Relations (Catherine Lippincott) or Investor Relations                (Gayle Coolick) and provide them with the information. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Q: | I                want to post a message on the Company message board on the internet                telling everyone how great the Company is. Can I do this? |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | No.                All public statements about the Company must go through approved                channels.                No associate is authorized or permitted to make public statements                on                behalf of or about the Company without prior approval. If you have                a                question regarding what you can say publicly or whether a communication                is                a public communication contact the Executive Vice President of Business                Ethics. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Records      Retention **

**Use      of Company Assets **

**Q&A:      Use of Company Assets **

|   | Q: | As                soon as the school year starts, several associates start taking supplies                from the office to give to their children. How can I handle this                situation? |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | Tell                your associates that supplies are only for office use. Also ask your                manager to remind the whole team about the appropriate use of Company                property. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Q: | The                easiest way for me to get hold of family members and close friends                is                through e-mail. Can I give out my work e-mail address for this purpose? |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | Yes.                However, the Company policy permits only incidental use of Company                e-mail                for                personal purposes. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Q: | I                am a store associate, and one of the other associates in my store                is                giving her employee discount to her friends. I don’t think it’s my place                to say anything because I’m not her supervisor. What should I do? |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A: | Misuse                of the associate discount is an abuse of Company assets. You have                a                responsibility to tell your store manager about it or report what                you have                seen to the Business Ethics Hotline (800-350-0329). |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Charming      Shoppes, Inc. **

**ACKNOWLEDGEMENT      AND REPORTING FORM **

**Charming      Shoppes, Inc. **