Washington, D.C. 20549


[   ] Check this box if no longer subject to Section 16. Form 4 or Form 5
    obligations may continue.
1. Name and Address of Reporting Person(s)
   Reese               Robert M
   100 Crystal A Drive

   Hershey, Pennsylvania  l7033
2. Issuer Name and Ticker or Trading Symbol
   Hershey Foods Corporation (HSY)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)

4. Statement for Month/Year
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   [ ] Director                   [ ] 10% Owner
   [X] Officer (give title below) [ ] Other (specify below)
   Sr. V.P., General Counsel,
   and Secy.
7. Individual or Joint/Group Filing (Check Applicable Line)
   [X] Form filed by One Reporting Person
   [ ] Form filed by More than One Reporting Person

Table I   Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1)Title of Security                           2)Trans-    3.Trans- 4.Securities Acquired(A)      5)Amount of    6)  7)Nature of
                                              action      action   or Disposed of (D)            Securities         Indirect
                                              Date        Code                   A               Beneficially   D   Beneficial
                                              (Month/                            or              Owned at       or  Ownership
                                              Day/Year)   Code V   Amount        D  Price        End of Month   I
Common Stock (1)                              03/01/01    M        4,200.0000    A  $22.37500                   D  Direct
Common Stock                                  03/01/01    S        4,200.0000    D  $64.75000    9,373.4572     D  Direct
Common Stock                                                                                     4,884.2800     I  401(k) Plan
Common Stock                                                                                     382.4381       I  by Daughter
Common Stock                                                                                     30,000.0000    I  by Trust

Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially
Owned (Columns 1 through 6)
1)Title of Derivative          2)Conversion    3)Trans-       4)Trans-  5)Number of Derivative            6)Date Exercisable and
Security                       or Exercise     action         action    Securities Acquired (A)           Expiration Date
                               Price of        Date           Code      or Disposed of (D)
                               Security                       Code  V   A                D                Exercisable  Expiration
Non-Qualified Stock Option     $22.37500       03/01/01       M                          4,200.0000                    01/05/02
(right to buy) (1)

Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially
Owned (Columns 1,3 and 7 through 11)
1)Title of Derivative          3)Trans-  7)Title and Amount                           8)Price     9)Number of   10) 11)Nature of
Security                       action    of Underlying                                of Deri-    Derivative        Indirect
                               Date      Securities                                   vative      Securities    D   Beneficial
                                                                        Amount or     Security    Beneficially  or  Ownership
                                                                        Number of                 Owned at      I
                  -                      Title                          Shares                    End of Month
Non-Qualified Stock Option     03/01/01  Common Stock                   4,200.0000    $64.75000   0.0000        D   Direct
(right to buy) (1)

Explanation of Responses:

These options were granted under the Hershey Foods Corporation Key Employee
Incentive Plan, and they have a stock withholding feature which permits the
withholding of shares of stock at the time of exercise to satisfy the grantee's
income tax withholding rights.

Beneficial holdings reflected in this report do not include changes in the reporting person's holdings of
securities resulting from participation in the issuer's Employee Savings Stock
 Investment & Ownership Plan (ESSIOP) or the issuer's Dividend Reinvestment Plan
 since the last filing of a report disclosing transactions related to such

/S/ Reese,  Robert M
DATE 04/09/2001