# Exhibit 99.2

(Note: Stockholders are requested to
sign, date and return this Proxy promptly in the enclosed stamped envelope, addressed to
Secretary, Remington Arms Company, Inc., 870 Remington Drive, Madison, North Carolina
27025.

RACI HOLDING, INC.

PROXY

KNOW
ALL MEN BY THESE PRESENTS, That the undersigned hereby constitutes and appoints Leon J.
(Bill) Hendrix, Jr., Chairman and Thomas L. Millner, President and CEO, or either of them,
with power of substitution, attorneys and proxies to appear and vote all of the shares of
stock standing in the name of the undersigned, at the Annual Meeting of Stockholders of
RACI Holding, Inc., to be held on Thursday, February 10, 2005 at the office of Clayton,
Dubilier & Rice, 375 Park Avenue, New York, NY 10152, commencing at 8:30 a.m., and at
any and all adjournments thereof; and the undersigned hereby instructs said proxies to
vote:

| | (1) | To elect the following  twelve (12)  Directors to serve until the next Annual  Meeting of  Stockholders  and until
                  their successors are duly elected and qualified:
                  Leon J. (Bill) Hendrix,  Thomas L. Millner,  Thomas E. Ireland,  III,  Richard A.  Gilleland,  Richard E.
                  Heckert,  Hubbard C. Howe, Bobby R. Brown,  Michael G. Babiarz, H. Norman  Schwarzkopf,  B. Charles Ames,
                  Thomas L'Esperance, and Stephen C. Sherrill.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|                                                                                  | 
|--------------------------------------------------------------------------------- | 
||_|  FOR all nominees                                                             | 
||_|  FOR all nominees except for the following: _________________________________ | 

| | (2) | To ratify the appointment of PricewaterhouseCoopers  L.L.P., as the Company's independent auditors for the current
                  fiscal year.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------

|         |  |            
|-------- |  | -----------
||_|  FOR |  | |_| AGAINST

None of the above identified  matters,  which are proposed by RACI Holding,  Inc., are conditioned on the approval of other
matters.

THIS PROXY WHEN  PROPERLY  EXECUTED  WILL BE VOTED AS DIRECTED OR, IF NO  DIRECTION  IS GIVEN,  "FOR" ITEMS 1 AND 2. IF ANY
OTHER  MATTERS ARE PRESENTED  FOR ACTION,  THE PROXIES  NAMED HEREIN WILL VOTE UPON SUCH MATTERS IN  ACCORDANCE  WITH THEIR
DISCRETION.

By executing this proxy,  the undersigned  represents that he or she is a Stockholder of record and this proxy  constitutes
a valid and binding instrument enforceable against the undersigned.

Dated this ____ day of ____________, 200__.

____________________________________
(Signature)

____________________________________
Name of Stockholder (please print)

Name and title of signatory (if Stockholder
is a corporation, partnership, trust or other
entity)

No. of Shares:  ____

THIS PROXY IS SOLICITED
ON BEHALF OF THE MANAGEMENT

OF RACI HOLDING, INC.