ALBERTSON'S <ABS> ADOPTS STOCKHOLDER RIGHTS PLAN
  Albertson's Inc said its board has
  adopted a stockholder rights plan intended to protect them in
  the event of any proposed takeover of the company.
      Under the plan, stockholders will receive a dividend
  distribution of one right for each share of common stock held
  on March 23.
      The rights are exercisable ten days after a person or group
  acquires 20 pct or more of Alberston's common stock or
  announces a tender offer for 30 pct or more of the stock.
      Each right will entitle the shareholder to buy one newly
  issued share of Alberston's common stock for 150.00 dlrs.