April 2, 2002 -- DuPont and Monsanto have agreed to cross-license Roundup Ready corn, soybeans and canola, and corn borer- and corn
rootworm-protected corn. All legal issues between the two companies have been resolved.

The agreement includes the following terms:

• DuPont's subsidiary, Pioneer Hi-Bred International, receives a royalty-bearing license to Monsanto's newest Roundup Ready corn
  technology.

• Pioneer receives a new royalty-bearing license to Monsanto's Roundup Ready soybean technology. Pioneer's existing royalty-bearing
  license to Roundup Ready canola technology is renewed.

• Pioneer receives freedom to operate from Monsanto and its affiliates for its second-generation insect-protected corn products and
  future corn rootworm-protected corn products through a royalty-bearing license.

• Pioneer's existing license for use of Monsanto's MON810 YieldGard Bt corn is modified to expand geographic coverage and include
  more favorable terms.

• Monsanto and DuPont have resolved all issues related to certain previously contested germplasm.

• Monsanto receives freedom to operate for certain corn transformation technology.

• Certain terms of DuPont's existing glyphosate supply agreement have been revised.

• Monsanto and DuPont have entered a plant breeding accord affirming the intellectual property and other rights that protect proprietary
  germplasm.

• Both Monsanto and DuPont agree to dismiss all pending lawsuits, fully resolving a number of important business and patent dispute
  between them.
  

On March 20, 2002, Pioneer added hybrid canola, including a Roundup Ready hybrid, to its product line for the 2002 growing season.

"One of our first hybrid introductions, Pioneer hybrid 45H21, contains the Roundup Ready gene so growers can better meet their weed
control challenges," said Dave Charne, Pioneer canola research director

According to Charne, herbicide resistance is becoming an increasingly popular attribute when growers select canola seed. More than half
of the U.S. market is planted to canola with the Roundup Ready gene.

The medium-maturity hybrid, 45H21, also offers excellent yield potential, outstanding oil content and very good standability. Blackleg
resistance and low green seed content complete the package. The hybrid carries all necessary approvals in Canada and the United
States, as well as Japan and Mexico, the key export markets for North American canola.