Document:

2
March  30,  2000

Ralston  Purina  Company
Checkerboard  Square
St.  Louis,  MO  63164-0001
Attention:     James  R.  Elsesser
          Chief  Financial  Officer

Energizer  Holdings,  Inc.
Checkerboard  Square
St.  Louis,  MO  63164-0001
Attention:     Daniel  Corbin
          Executive  Vice  President  -
          Finance  and  Control

Gentlemen:

     Reference  is  hereby made to the 5-Year Credit Agreement dated as of March
30,  2000  among  Ralston Purina Company, a corporation organized under the laws
of  the  State  of  Missouri  ("Ralston")  as  the initial borrower prior to the
assignment  to  and  assumption  by  Energizer  Holdings,  Inc.,  a  corporation
organized  under  the  laws  of  the  State  of  Missouri  (the "Borrower"), the
financial institutions parties thereto as lenders, Bank One, NA, in its capacity
as  administrative  agent, Bank of America, N.A., in its capacity as syndication
agent,  and  Wachovia  Bank,  N.A.,  in its capacity as documentation agent (the
"5-Year  Credit  Agreement").  Capitalized  terms  used  herein  and not defined
herein  shall  have  the  meanings given to them in the 5-Year Credit Agreement.

     In  connection  with  the  consummation  of  the  Transactions, Ralston has
requested  a  term  loan  from  Bank  of  America,  N.A.  (the "Lender")  in the
aggregate principal amount of $175,000,000 (the "Term Loan") which would be made
in  a  single advance on or prior to March 31, 2000 and would mature on the date
which  is  the  earliest  of  (a)  if  the Spin-Off and Debt Assumption have not
occurred  prior  thereto, April 4, 2000; (b) the date of receipt by the Borrower
or  any  of  its  Subsidiaries  of  proceeds  from the initial funding under the
$175,000,000  senior  notes  of the Borrower issued in three series due April 1,
2003,  April  1,  2005 and April 1, 2007, respectively (the "Senior Notes"); and
(c)  April  10,  2000.

Amounts  repaid  by  Ralston  or  the  Borrower  may  not  be  reborrowed.
     The  Lender  is  pleased  to agree to make such Term Loan to Ralston, to be
assigned  to  and  assumed  by  the  Borrower  pursuant  to  the Debt Assumption
Agreement  in  the form of Exhibit "A" hereto (the "Debt Assumption Agreement"),
subject  to  the  terms  and  conditions  of  this  letter.

(a)     The  Term  Loan  will be evidenced and governed by the Lender's standard
form  of master note (the "Note"), a copy of which is attached hereto as Exhibit
"B".  The  Term  Loan  or  portions thereof ("Loans" under and as defined in the
Note) shall bear interest at a rate equal to the Lender's prime rate of interest
announced by the Lender from time to time minus 2.00%, changing when and as such
                                          -----
prime  rate  changes,  with interest payable on the Maturity Date, and on demand
thereafter.

(b)          Interest  and  fees  will  be  computed on the basis of actual days
elapsed  on  a  360-day  year  basis.

(c)          Ralston  will  use  the  proceeds  of  the  Term  Loan  for general
corporate  purposes.

(d)          Ralston  and  the Borrower will provide the Lender with each of the
following  before  the  Term  Loan  is  funded:  (i)  an  appropriate  corporate
resolution, (ii) an incumbency certificate, (iii) an opinion of counsel, (iv) an
officer's certificate from Ralston certifying that (A) each of the 5-Year Credit
Agreement  and  the  364-Day  Credit  Agreement has been executed by all parties
thereto  (including  Bank  of America, N.A.) and all conditions to effectiveness
thereof  have  been  met, (B) the letter agreement between Bank One, N.A. ("Bank
One")  and  Ralston  providing  for  a  term loan in an amount at least equal to
$60,000,000  by Bank One and all documents related thereto have been executed by
all  parties  thereto and all conditions to effectiveness thereof have been met,
and (C) there is at least $175,000,000 in aggregate borrowing capacity available
to  Ralston  under  one or more committed credit facilities, and (v) Ralston and
the  Borrower  shall  have  executed  the  Debt  Assumption  Agreement.

(e)          The Lender shall have no obligation to make the Term Loan hereunder
(and the Term Loan and all accrued and unpaid interest thereon, at the option of
the Lender, may be declared immediately due and payable without notice) if:  (i)
there  is any failure by Ralston or the Borrower to pay any principal, interest,
fees,  or  other  obligations when due under this letter, the Note, or any other
agreement  or  arrangement  with the Lender, (ii) there exists any default under
the  Note,  or  any  violation  or  failure to comply with any provision of this
letter  or  the  Note,  (iii)  there  occurs  any material adverse change in the
condition  or  results of operations of the Borrower and its Subsidiaries, taken
as  a  whole, since the date of the quarterly financial statements most recently
delivered to the Lender prior to the date of this letter, (iv) any litigation is
pending  or threatened against the Borrower or any Subsidiary which might have a
material  adverse  effect on the financial condition or results of operations of
the  Borrower  and  its  Subsidiaries,  taken  as  a whole, or on the ability of
Ralston  or  the Borrower to consummate the Transactions; (v) there is a default
under  any  agreement  governing indebtedness of the Borrower or any Subsidiary,
(vi) any petition is filed by or against Ralston, the Borrower or any Subsidiary
of  the  Borrower  under the Federal Bankruptcy Code or similar state law, (vii)
Ralston,  the  Borrower  or  any  Subsidiary  of the Borrower becomes insolvent,
howsoever  evidenced or (viii) other than as a result of the consummation of the
Spin-Off,  Ralston  shall  cease  to  own,  directly  or  indirectly, all of the
outstanding  capital  stock  of  the Borrower, (ix) prior to consummation of the
Spin-Off,  there  is  less  than  $175,000,000  in  aggregate borrowing capacity
available  to  Ralston  under  its  committed  credit  facilities,  (x)  after
consummation  of  the  Spin-Off,  there  is  less than $175,000,000 in aggregate
borrowing  capacity  available under the 5-Year Credit Agreement and the 364-Day
Credit  Agreement,  or  (xi)  there shall have occurred an adverse change in the
market  for  private  placement of senior debt or a disruption of, or an adverse
change  in,  financial,  banking  or  capital market conditions, in each case as
determined  by the Lender.  "Subsidiary" means (i) any corporation of which more
than  50% of the outstanding securities having ordinary voting power is owned or
controlled,  directly  or  indirectly,  by the Borrower or by one or more of its
Subsidiaries,  or  (ii)  any  partnership, association, joint venture or similar
business  organization  of which more than 50% of the ownership interests having
ordinary  voting  power  are  so  owned or controlled.  The Lender may require a
certificate  of  compliance  with  these  conditions  from  the Borrower's Chief
Financial  Officer  or  Treasurer  as  a condition to making any loan hereunder.

(f)          The Lender may make assignments and sell participations in the Term
Loan,  and  may  disclose  information pertaining to the Borrower to prospective
assignees  and  participants.  Any  such  assignment  may  be made only with the
Borrower's  consent  (which  consent  will  not  unreasonably  be  withheld).

(g)          This  letter  agreement  shall  be effective as of the date of this
letter  when  the  Borrower has signed and returned to the Lender a copy of this
letter.

(h)          This  letter  agreement  may  be  executed  in  any  number  of
counterparts,  each  of  which  shall  be  an  original,  but all of which shall
together  constitute  one  and  the  same  agreement.

(i)          THIS  LETTER  AND  THE  NOTE  SHALL BE GOVERNED BY THE INTERNAL
LAWS OF THE STATE  OF  TEXAS.  BOTH  PARTIES  HERETO HEREBY WAIVE TRIAL BY JURY
IN THE EVENT THIS  LETTER  OR  THE  NOTE  BECOMES  THE  SUBJECT  OF  A  DISPUTE.

                         Very  truly  yours,

                         BANK  OF  AMERICA,  N.A.

                         By: /s/Suzanne B. Smith

                         Title: Managing Director

Accepted  and  agreed:

RALSTON  PURINA  COMPANY

By: /s/ James R. Elsesser

Title:  Vice President and Chief Financial
        Officer

ENERGIZER  HOLDINGS,  INC.

By:/s/  Daniel E. Corbin

Title:  Executive Vice President, Finance and
        Control

<PAGE>
                                   EXHIBIT "B"

                                   MASTER NOTE
                                 (FLOATING RATE)

$175,000,000.00     Date:  March  30,  2000

FOR VALUE RECEIVED, RALSTON PURINA COMPANY ("Ralston") or, after consummation of
the  "Debt  Assumption"  (as such term is defined in the 5-Year Credit Agreement
referenced  in the Letter Agreement referred to below), ENERGIZER HOLDINGS, INC.
(the  "Borrower")  promises  to  pay  to the order of BANK OF AMERICA, N.A. (the
"Bank"),  in  lawful money of the United States at the office of the Bank at 901
Main  Street,  Dallas, Texas, or as the Bank may otherwise direct, the lesser of
One  Hundred and Seventy-Five Million and NO/100ths Dollars ($175,000,000.00) or
the  aggregate  outstanding  unpaid  principal  amount of loans evidenced hereby
("Loans"),  together  with  interest  as  provided  below.

Any  person  authorized  to borrow on behalf of Ralston (an "Authorized Person")
may  request  a Loan by telephone or telex.  Ralston and the Borrower agree that
the  Bank  is  authorized to honor requests which it believes, in good faith, to
emanate  from  an  Authorized  Person,  whether in fact that be the case or not.

All  Loans  shall  bear  interest  at a rate equal to the prime rate of interest
announced  by  the  Bank from time to time minus 2.00%, changing when and as the
                                           -----
prime  rate changes. The Loans shall be payable on  the "Maturity Date" (as such
term  is  defined  in the Letter Agreement defined below). Interest on the Loans
shall  be payable on the Maturity Date and on demand thereafter.  Any Loan which
is  not  paid  on the Maturity Date (or any earlier accelerated maturity date or
date when due) shall bear interest at a rate equal to the prime rate of interest
announced by the Bank from time to time, changing when and as the corporate base
rate  changes.

Each  payment  of  principal  or interest hereunder shall be made in immediately
available  funds  in United States Dollars.  If any payment shall become due and
payable  on  a  Saturday,  Sunday or legal holiday under the laws of Texas, such
payment  shall be made on the next succeeding business day in Texas and any such
extended  time  of  the  payment  of  principal or interest shall be included in
computing  interest.  All  interest  hereunder  shall be computed for the actual
number of days elapsed on a 360-day year basis.  Ralston and the Borrower hereby
authorize  the Bank to deposit the proceeds of Loans to Ralston's account at the
Bank or such other account as may be designated by Ralston.  The Borrower hereby
authorizes  the  Bank  to charge payments of principal and interest against, the
Borrower's  deposit  account  with  the  Bank.

The Loans may be prepaid by Ralston or the Borrower, without premium or penalty.
Amounts  prepaid  or  repaid  may  not  be  reborrowed.

Ralston  and  the  Borrower  hereby authorize the Bank to record Loans, interest
rates,  repayments,  and  payment dates on the schedule attached to this Note or
otherwise  in  accordance  with  the  Bank's  usual practice.  The obligation of
Ralston  and,  after  the  Debt Assumption, the Borrower to repay each Loan made
hereunder shall be absolute and unconditional notwithstanding any failure of the
Bank  to  enter such amounts on such schedule or to receive written confirmation
of  the  transaction  from  the  Ralston or the Borrower. If the Bank requests a
written  confirmation  of a requested Loan, Ralston or the Borrower will confirm
the  terms  of  each Loan by mailing a confirmation letter to the Bank signed by
any Authorized Person.  If the Bank elects to confirm the terms of a Loan to the
Borrower,  the Borrower will notify the Bank in writing within 10 days after the
Borrower's  receipt  of such confirmation if it believes such confirmation to be
inaccurate,  and the Borrower hereby waives any right to contest the accuracy of
such  confirmation after such 10-day period.  In the event of disagreement as to
the  terms  of  a  transaction, the Bank's records shall govern, absent manifest
error.

The  Bank  may elect to sell participations in or assign its rights under Loans.
Ralston  and  the  Borrower agree that if it fails to pay any Loan when due, any
purchaser  of  an interest in such Loan shall be entitled to seek enforcement of
this  note  if  the purchaser is permitted to do so pursuant to the terms of the
participation  agreement  between  the  Bank  and  such  purchaser.

The  Borrower  hereby authorizes the Bank and any other holder of an interest in
this  Note  (a  "Holder")  to  disclose confidential information relating to the
financial  condition  or  operations of the Borrower (i) to any affiliate of the
Bank  or  any  Holder,  (ii)  to  any  purchaser  or prospective purchaser of an
interest  in  any  Loan,  (iii)  to  legal  counsel,  accountants,  and  other
professional  advisors  to the Bank or any Holder, (iv) to regulatory officials,
(v)  as  requested  or  required by law, regulation, or legal process or (vi) in
connection  with any legal proceeding to which the Bank or any other holder is a
party.

This  Note  is  the Note issued pursuant to, and is entitled to the benefits of,
the  letter  agreement  between Ralston and the Bank dated of even date herewith
(which,  as  it  may  be amended or modified and in effect from time to time, is
herein  called  the  "Letter Agreement"), to which Letter Agreement reference is
hereby  made  for  a  statement of the terms and conditions governing this Note,
including  the terms and conditions under which the maturity of this Note may be
accelerated.  Nothing  in  this Note shall constitute a commitment to make loans
to  Ralston  or  the  Borrower.

If  any  amount  payable  hereunder  is  not  paid  when  due or upon demand, as
applicable,  then  any  indebtedness  from  the  Bank  to  Ralston,  if the Debt
Assumption  has  not  occurred, or the Borrower may be offset and applied toward
the  payment  of  all  unpaid  principal,  interest  and fees payable hereunder,
whether  or  not  such amounts, or any part thereof, shall then be due.  Ralston
and  the  Borrower expressly waive any presentment, demand, protest or notice in
connection  with  this  note  now,  or hereafter, required by applicable law and
agree  to  pay  all  costs  and  expenses  of  collection.

THIS  NOTE  SHALL BE GOVERNED BY THE INTERNAL LAW (AND NOT THE LAW OF CONFLICTS)
OF  THE  STATE  OF  TEXAS, GIVING EFFECT, HOWEVER, TO FEDERAL LAWS APPLICABLE TO
NATIONAL  BANKS.  RALSTON,  THE BORROWER AND THE BANK EACH HEREBY WAIVE TRIAL BY
JURY  IN  ANY  JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER
(WHETHER  SOUNDING  IN  TORT,  CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF,
RELATED  TO,  OR  CONNECTED  WITH  THIS  NOTE  OR  THE  RELATIONSHIP ESTABLISHED
HEREUNDER.

                              RALSTON  PURINA  COMPANY

                              By:

                              Title:

Assigned  to  and  Assumed  pursuant
to  the  terms  of  that  certain  Debt
Assumption  Agreement  Dated  as  of
March  30,  2000  among  Ralston,
The  Borrower  and  the  Bank

ENERGIZER  HOLDINGS,  INC.

By:

Title:

To  be  executed  upon  the  effectiveness  of  the  Debt  Assumption Agreement.DEBT ASSIGNMENT, ASSUMPTION AND RELEASE AGREEMENT

THIS  DEBT  ASSIGNMENT,   ASSUMPTION   AND  RELEASE  AGREEMENT  ("Agreement") is
made  as  of  April  1,  2000,  by  and among RALSTON PURINA COMPANY, a Missouri
corporation  ("Ralston"),  ENERGIZER  HOLDINGS,  INC.,  a  Missouri  corporation
("Energizer")  and  BANK ONE, NA, individually  and in its capacity as agent for
the  "Lenders"  (as  defined  below).
                              W I T N E S S E T H:
WHEREAS, Ralston is the borrower under that certain 5-Year Revolving Credit
Agreement  dated  as  of  March  30,  2000  by  and among Ralston, the financial
institutions  from  time  to  time  parties  thereto  as  Lenders  (the  "5-Year
Lenders"),  Bank  One,  N.A.,  as  the Administrative Agent (the "Administrative
Agent"), Bank of America, N.A., as "Syndication Agent", and Wachovia Bank, N.A.,
as  "Documentation  Agent"  (collectively,  the  "Agents")  (such  5-Year Credit
Agreement,  as  the  same  may  be  amended, restated, supplemented or otherwise
modified  from  time  to  time,  the  "5-Year  Credit  Agreement").

WHEREAS,  Ralston  is  the  borrower under that certain 364-Day Credit Agreement
dated  as  of  March 30, 2000  by and among Ralston,  the financial institutions
from  time  to  time  parties  thereto  as  Lenders (the "364-Day Lenders"), the
Administrative  Agent,  the  Syndication Agent and the Documentation Agent (such
364-Day  Credit Agreement, as the same may be amended, restated, supplemented or
otherwise  modified  from time to time, the "364-Day Credit Agreement"; together
with  the  5-Year  Credit  Agreement,  the  "Syndicated  Agreements").

WHEREAS, Ralston is the borrower under that certain letter agreement dated as of
March  30,  2000  by  and between Ralston and Bank One, NA (the "Bridge Lender")
(such  letter  agreement,  as  the same may be amended, restated supplemented or
otherwise  modified from time to time, the "Bridge Agreement"; together with the
Syndicated  Agreements,  the  "Credit  Agreements").

WHEREAS,  Energizer  is  a  wholly  owned  subsidiary  of  Ralston.

WHEREAS,  effective  April 1, 2000, Ralston will distribute all of the shares of
Energizer's  capital  stock  to  Ralston's  shareholders, following which all of
Energizer's  shares  will  be  held  by  Ralston's  shareholders  (the "Spin-Off
Transaction").

WHEREAS,  in  connection  with  the  consummation  of the  Spin-Off Transaction,
Ralston  desires  to  assign to Energizer and Energizer desires to assume all of
the  indebtedness,  obligations  and  liabilities  of  Ralston  under the Credit
Agreements.

WHEREAS,  the  5-Year  Lenders,  the  364-Day  Lenders  and  the  Bridge  Lender
(collectively,  the  "Lenders")  have  consented to the assignment by Ralston to
Energizer  under  and  subject  to  the  terms  and conditions contained in this
Agreement.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of  which  are  hereby acknowledged by the parties hereto Ralston, Energizer and
Bank  One,  NA, on behalf of the itself, the Agents and the Lenders hereby agree
as  follows:

1.  Assignment  of  Rights.  As of the "Effective Date" (as defined in Section 8
    ----------------------                                             ---------
below),  Ralston  hereby assigns all of its rights, duties and obligations under
the  Credit Agreements to Energizer, including, without limitation, the right to
obtain  Loans  and Letters of Credit under the Syndicated Agreements, all on the
terms and subject to the conditions set forth in the Credit Agreements.  Each of
the  parties  to  this Agreement acknowledges and agrees that from and after the
Effective  Date,  Ralston  shall  cease  to  have  any  rights  under the Credit
Agreements  as the "Borrower" thereunder and shall cease to be a party to any of
the  Credit  Agreements  or  the  other  documents,  instruments  and agreements
executed  in  connection  therewith.  From  and  after  the  Effective Date, all
references  in  the  Credit  Agreements  to  the  "Borrower" shall mean and be a
reference  to  Energizer.

2.  Assumption  of  Obligations.  As  of  the  Effective  Date, Energizer hereby
    ---------------------------
assumes,  as  its  direct  and  primary  obligation,  all  rights,  duties  and
obligations  of  Ralston  under  the  Credit  Agreements,  including,  without
limitation  the  payment  and performance obligations and  all other liabilities
and  obligations  of Ralston under the Credit Agreements consisting, among other
things,  of  the  obligation  to  repay  all  loans made to Ralston prior to the
Effective  Date  under  the  Credit  Agreements,  to  pay interest and fees with
respect to all such liabilities and obligations, and indemnification obligations
related  thereto  (collectively  the "Assumed Obligations") and hereby agrees to
make all payments required under the Credit Agreements as in effect from time to
time and to discharge the Assumed Obligations as they become due or are declared
due.  Each  of the parties hereto acknowledges that from and after the Effective
Date,  Ralston  has assigned to Energizer all of the rights of Ralston under the
Credit  Agreements, including, without limitation, the right to obtain Loans and
Letters  of  Credit  and  other  financial  accommodations, all on the terms and
subject  to  the  conditions set forth in the Credit Agreements.  From and after
the Effective Date, Energizer agrees to perform and discharge all of the Assumed
Obligations, including, without limitation, performance and observance of all of
the  covenants  and  conditions  of  the  Credit  Agreements  to be performed or
observed  by  Ralston  thereunder or in connection therewith, and to be bound in
all  respects by the terms of the Credit Agreements as they relate to Ralston as
if  Energizer  were  an  original  signatory  thereto.

3.  Release  from Duties.  In consideration of the assumption by Energizer, from
    --------------------
and  after  the Effective Date, Bank One, NA on behalf of itself, the Agents and
the  other  Lenders  confirms  that  Ralston shall be discharged from all of its
duties  and  obligations  as  Borrower under the Credit Agreements and the other
documents,  instruments  and agreements entered into in connection therewith and
that  from  and  after  the  Effective  Date,  Ralston  shall  have  no  further
obligations  or  liabilities  thereunder  to  the  Lenders  or  the  Agents.

4.  Ralston  Representations  and Warranties.  To induce Energizer and Bank One,
    ----------------------------------------
NA  to  consent  to  Energizer's  assumption  of the Assumed Obligations and the
release of Ralston as set forth above, Ralston hereby represents and warrants to
Bank  One,  NA, the Lenders and the Agents that, as of the date hereof and as of
the  Effective  Date:
   (a)  Ralston  (i)  is a corporation duly organized, validly existing and in
good  standing  under  the laws of the jurisdiction of its organization; (ii) is
duly  qualified  to do business as a foreign corporation and is in good standing
under  the  laws of each jurisdiction in which failure to be so qualified and in
good  standing  will  have  or  is  reasonably likely to have a material adverse
effect  on  the  business,  condition  (financial  or  otherwise),  operations,
performance, properties or prospects of Ralston and its subsidiaries, taken as a
whole,  and  (iii) has all requisite corporate power and authority to enter into
the  transactions  contemplated  by  this  Agreement.
   (b)  Ralston  has the  requisite  corporate  power  and authority to execute,
deliver and  perform  its  obligations  under  this  Agreement.
   (c)  Ralston  has  taken  all  necessary  corporate  action  to authorize the
execution and  delivery  of, and  the performance of its obligations under, this
Agreement.
   (d)  This Agreement has been  duly executed and delivered and constitutes the
legal,  valid  and  binding obligation of Ralston enforceable against Ralston in
accordance  with  its  terms  (except  as  enforceability  may  be  limited  by
bankruptcy,  insolvency, or similar laws affecting the enforcement of creditors'
rights  generally  and  by  general  equitable principles, including concepts of
reasonableness,  materiality,  good  faith  and  fair  dealing  and the possible
unavailability  of  specific  performance,  injunctive relief or other equitable
remedies  (whether  enforcement  is  sought  in  equity  or  at  law)).

     5.  Energizer  Representations  and  Warranties.  To induce Bank One, NA to
         -------------------------------------------
enter  into  this  Agreement  and to induce the Lenders and Agents to consent to
Energizer's  assumption  of  the  Assumed  Obligations and to hereafter make and
extend  Loans  and  other  financial  accommodations  to  or  for the account of
Energizer  under the Credit Agreements, Energizer hereby represents and warrants
to  the  Lenders  and  the  Agents  that,  as  of  the date hereof and as of the
Effective  Date:
  a)  Energizer (i) is a corporation duly organized, validly existing and in
good  standing  under  the laws of the jurisdiction of its organization; (ii) is
duly  qualified  to do business as a foreign corporation and is in good standing
under  the  laws of each jurisdiction in which failure to be so qualified and in
good  standing  will  have  or  is  reasonably likely to have a Material Adverse
Effect;  and  (iii)  has  all  requisite  corporate  power and authority to own,
operate  and  encumber  its  property  and  to conduct its business as presently
conducted  and  as proposed to be conducted in connection with and following the
consummation  of  the  transactions  contemplated  by  this  Agreement.
  (b)  Energizer has the  equisite  corporate  power  and authority to execute,
deliver  and  perform  its  obligations under this Agreement, and to perform its
obligations  under  the Credit Agreements, and all other agreements, instruments
and  documents  executed  and  delivered  or  to be executed and delivered by it
pursuant  hereto  or  in  connection  herewith.
  (c)  Energizer has taken all  necessary  corporate  action  to  authorize the
execution  and  delivery  of, and the performance of its obligations under, this
Agreement  and  all  other  agreements,  instruments  and documents executed and
delivered  by  Energizer  pursuant  hereto  or  in  connection  herewith.
  (d) This Agreement and all other agreements, instruments or documents executed
and  delivered  by Energizer pursuant hereto or in connection herewith have been
duly  executed  and  delivered  and  constitute  the  legal,  valid  and binding
obligations  of Energizer enforceable against Energizer in accordance with their
terms  (except  as  enforceability  may be limited by bankruptcy, insolvency, or
similar  laws  affecting  the  enforcement of creditors' rights generally and by
general equitable principles, including concepts of reasonableness, materiality,
good  faith  and  fair  dealing  and  the  possible  unavailability  of specific
performance,  injunctive relief or other equitable remedies (whether enforcement
is  sought  in  equity  or  at  law)).
  (e)  Set forth on Exhibit A hereto is a certified calculation of the Net Worth
                    ---------
Condition as of the date hereof and as of the Effective Date after giving effect
to  the  Spin-Off  Transactions.

     7.  Further  Assurances.  Energizer  hereby  agrees  to  take  such further
         -------------------
action  as may be reasonably requested by Bank One, NA, the Agents or any of the
Lenders  to  effect  the  provisions  of  this  Agreement,  including,  without
limitation,  executing  a  supplement  to  each of the Credit Agreements and the
documents,  instruments and agreements executed in connection therewith pursuant
to which Energizer confirms that it has become a party to such Credit Agreements
and  other  agreements as the "Borrower" thereunder as though it was an original
party  thereto.

     8. Effectiveness of this Agreement. Notwithstanding anything herein, in the
          ---------------------------------
Credit  Agreements  or  any  of  the other documents, instruments and agreements
executed in connection therewith to the contrary, the assignment, assumption and
release set forth in Sections 1, 2 and 3 above shall not be effective until each
                     ----------  -     -
of  the  following  have  been  satisfied:
   (a)  This  Agreement  shall  have  been executed and delivered by each of the
parties  hereto;
   (b)  The  Spin-off  Transactions  shall  have occurred in accordance with the
terms  of  the  Form-10;
   (c)  Bank One, NA has received a certificate from Energizer's chief financial
officer  demonstrating that the Net Worth Condition has been satisfied as of the
effectiveness of and after taking into account all of  the Spin-off Transactions
and  as  of  the  date  of  delivery  thereof;  and
   (d)  Bank One, NA has received a certificate from Energizer's chief financial
officer  that  no  Default  or  Unmatured Default has occurred and is continuing
under  the  Credit  Agreements and all conditions to borrowing contained therein
have  been  and  can  currently  be  met  by  Energizer.

The  date  upon which all of the conditions to effectiveness shall have been met
is  sometimes  referred  to  herein  as  the  "Effective  Date."

     9.  Section Headings.  The Section headings contained in this Agreement are
         ----------------
for  reference  purposes  only  and  shall  not affect in any way the meaning or
interpretation  of  this  Agreement.
     10.  CHOICE  OF  LAW.  BANK ONE, NA ACCEPTS THIS AGREEMENT, ON  BEHALF  OF
          ---------------
ITSELF, THE  AGENTS  AND THE LENDERS, AT CHICAGO, ILLINOIS BY ACKNOWLEDGING  AND
AGREEING TO IT THERE.  ANY DISPUTE BETWEEN RALSTON, ENERGIZER, BANK ONE,  NA  OR
ANY LENDER ARISING OUT  OF,  CONNECTED WITH, RELATED TO, OR  INCIDENTAL  TO  THE
RELATIONSHIP ESTABLISHED  BETWEEN THEM IN CONNECTION  WITH,  THIS  AGREEMENT  OR
ANY OF THE  OTHER LOAN   DOCUMENTS,  AND  WHETHER  ARISING  IN  CONTRACT,  TORT,
EQUITY, OR  OTHERWISE,  SHALL  BE  RESOLVED  IN  ACCORDANCE  WITH  THE  INTERNAL
LAWS (INCLUDING 735  ILCS 105/5-1  ET  SEQ.  BUT  OTHERWISE  WITHOUT  REGARD  TO
THE  CONFLICTS  OF  LAWS PROVISIONS)  OF  THE  STATE  OF  ILLINOIS.

11.  CONSENT  TO  JURISDICTION;  SERVICE  OF  PROCESS;  JURY  TRIAL.
     --------------------------------------------------------------
   (A)  EXCLUSIVE JURISDICTION.  EXCEPT AS PROVIDED IN SUBSECTION (B), EACH OF
        ---------------------
THE PARTIES HERETO AGREES THAT ALL DISPUTES AMONG THEM ARISING OUT OF, CONNECTED
WITH,  RELATED  TO,  OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN
CONNECTION  WITH,  THIS  AGREEMENT  OR  ANY  OF THE OTHER LOAN DOCUMENTS WHETHER
ARISING  IN  CONTRACT, TORT, EQUITY, OR OTHERWISE, SHALL BE RESOLVED EXCLUSIVELY
BY  STATE OR FEDERAL COURTS LOCATED IN CHICAGO, ILLINOIS, BUT THE PARTIES HERETO
ACKNOWLEDGE  THAT  ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD BY A COURT
LOCATED  OUTSIDE OF CHICAGO, ILLINOIS.  EACH OF THE PARTIES HERETO WAIVES IN ALL
DISPUTES  BROUGHT PURSUANT TO THIS SUBSECTION (A) ANY OBJECTION THAT IT MAY HAVE
TO  THE  LOCATION  OF  THE  COURT  CONSIDERING  THE  DISPUTE.
   (B)  OTHER JURISDICTIONS. RALSTON AND  ENERGIZER AGREE THAT BANK ONE, NA, ANY
        --------------------
AGENT OR ANY LENDER SHALL HAVE THE RIGHT TO PROCEED AGAINST RALSTON OR ENERGIZER
OR  ITS  PROPERTY IN A COURT IN ANY LOCATION TO ENABLE SUCH PERSON TO (1) OBTAIN
PERSONAL  JURISDICTION  OVER  RALSTON  OR ENERGIZER OR (2) IN ORDER TO ENFORCE A
JUDGMENT  OR OTHER COURT ORDER ENTERED IN FAVOR OF SUCH PERSON.  EACH OF RALSTON
AND ENERGIZER AGREES THAT IT WILL NOT ASSERT ANY PERMISSIVE COUNTERCLAIMS IN ANY
PROCEEDING BROUGHT BY SUCH PERSON TO REALIZE ON ANY SECURITY FOR THE OBLIGATIONS
OR  TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF SUCH PERSON BUT SHALL
ONLY  BE  PERMITTED  TO  BRING  ANY SUCH PERMISSIVE COUNTERCLAIM IN A PROCEEDING
BROUGHT  PURSUANT  TO  CLAUSE  (A).  EACH  OF  RALSTON  AND ENERGIZER WAIVES ANY
OBJECTION THAT IT MAY HAVE TO THE LOCATION OF THE COURT IN WHICH SUCH PERSON HAS
COMMENCED  A  PROCEEDING  DESCRIBED  IN  THIS  SUBSECTION  (B).
   (C)  VENUE. EACH OF RALSTON  AND  ENERGIZER  IRREVOCABLY WAIVES ANY OBJECTION
        -----
(INCLUDING, WITHOUT LIMITATION, ANY OBJECTION OF THE LAYING OF VENUE OR BASED ON
THE  GROUNDS  OF FORUM NON CONVENIENS) WHICH IT MAY NOW OR HEREAFTER HAVE TO THE
BRINGING  OF ANY SUCH ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY
OTHER  INSTRUMENT,  DOCUMENT  OR  AGREEMENT  EXECUTED OR DELIVERED IN CONNECTION
HEREWITH  IN  ANY  JURISDICTION  SET  FORTH  ABOVE.
   (D)  WAIVER OF JURY  TRIAL. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ANY
        -----------------------
RIGHT  TO  HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN
CONTRACT,  TORT,  OR  OTHERWISE,  ARISING  OUT OF, CONNECTED WITH, RELATED TO OR
INCIDENTAL  TO  THE  RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS
AGREEMENT  OR  ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED
IN CONNECTION HEREWITH.  EACH OF THE PARTIES HERETO AGREES AND CONSENTS THAT ANY
SUCH  CLAIM,  DEMAND,  ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL
WITHOUT  A  JURY AND THAT ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A
COPY  OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE
PARTIES  HERETO  TO  THE  WAIVER  OF  THEIR  RIGHT  TO  TRIAL  BY  JURY.
   (E)  ADVICE  OF  COUNSEL.  EACH OF THE PARTIES REPRESENTS TO EACH OTHER PARTY
        -------------------
HERETO THAT IT HAS DISCUSSED THIS AGREEMENT AND, SPECIFICALLY, THE PROVISIONS OF
SECTION  11  WITH  ITS  COUNSEL.

     12.  Severability.  Any  provision  of  this  Agreement  that is held to be
          ------------
inoperative,  unenforceable,  or  invalid  in any jurisdiction shall, as to that
jurisdiction,  be  inoperative,  unenforceable, or invalid without affecting the
remaining  provisions  in that jurisdiction or the operation, enforceability, or
validity  of  that  provision  in  any  other  jurisdiction, and to this end the
provisions  of  this  Agreement  are  declared  to  be  severable.

     13.  Counterparts.  This  Agreement  may  be  executed  in  any  number  of
     ------------
counterparts,  each  of  which  shall  be  an  original,  but all of which shall
together  constitute  one  and  the  same  agreement.

     14.  Definitions. Capitalized terms not otherwise defined herein shall have
     -----------
the  meanings  ascribed  to  them  in  each  of  the  Syndicated  Agreements.

<PAGE>
IN  WITNESS  WHEREOF,  the  parties hereto have caused this Agreement to be duly
executed and delivered by their proper and duly authorized officer as of the day
and  year  first  set  for  above.

                              RALSTON  PURINA  COMPANY
                              By:/s/James R. Elsesser
                              Name: James R. Elsesser
                              Title: Chief Financial Officer

                              ENERGIZER  HOLDINGS,  INC.
                              By:/s/ Daniel E.Corbin
                              Name: Daniel E. Corbin
                              Title:Executive Vice President - Finance and
                              Control

                              BANK  ONE,  N.A.,
                               Individually  and  on  behalf  of  the  Agents
                               and  the Lenders

                              By: /s/ William J. Oleferchik
                              Name: William J. Oleferchik
                              Title:Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00007-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00007-of-00352.parquet"}]]