UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check box if no longer subject to Section 16.
    Form 4 or Form 5 obligations may continue.

[ ] Form 3 Holdings Reported

[ ] Form 4 Transactions Reported

1. Name and Address of Reporting Person(s)
   Loren, Allan Z
   American Express Company
   World Financial Center
   200 Vesey Street
   New York, NY  10285-5107
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
   12/99
5. If Amendment, Date of Original (Month/Year)
6. Relationship  of Reporting  Person(s) to Issuer  (Check all  applicable)  [X]
   Director  [ ] 10% Owner [ ] Officer  (give  title  below) [ ] Other  (specify
   below)

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
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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     Amount        D  Price        End of Year    I
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Common Stock                                                                                     100.0000       D  Direct


Table II (PART 1)  Derivative Securitites Acquired, Disposed of, or Beneficially Owned  (Columns 1 through 6)
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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)
                               Derivative
                               Security                       Code      A                D                Exercisable  Expiration
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                  
Common Stock Equivalents (1)   $0.00000        12/15/99 (2)   J         864.6220


Table II (PART 2)  Derivative Securitites Acquired, Disposed of, or Beneficially Owned  (Columns 1,3 and 7 through 11)
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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 Year
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                               

Common Stock Equivalents (1)   12/15/99  Common Stock                   864.6220      (3)         864.6220      D   Direct
                               (2)


Explanation of Responses:

(1)
These units were acquired as dividends  reinvested on units  deferred  under the
Director's  Compensation Plan; 2.513 units were reinvested dividends and 862.109
were deferrals of 1999 director's fees.
(2)
Reinvested  dividends  were  acquired on 6/15/99,  9/15/99  and  12/15/99;  1999
deferred director's fees were credited on 4/30/99 and 12/31/99.
(3)
Units were acquired at various times throughout the year as noted in Footnote 2.
These prices range from $48.2500 to $54.9375.



SIGNATURE OF REPORTING PERSON
/S/ Loren, Allan Z
DATE 02/01/00