Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
BRACE RAYMOND
  2. Issuer Name and Ticker or Trading Symbol
HERSHEY FOODS CORP [HSY]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP, Operations
(Last)
(First)
(Middle)
100 CRYSTAL A DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
02/02/2005
(Street)

HERSHEY, PA 17033
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/02/2005   M   200 A $ 29.7188 8,348 D  
Common Stock 02/02/2005   S   200 D $ 59.5 8,148 D  
Common Stock 02/02/2005   M   400 A $ 29.7188 8,548 D  
Common Stock 02/02/2005   S   400 D $ 59.53 8,148 D  
Common Stock 02/02/2005   M   100 A $ 29.7188 8,248 D  
Common Stock 02/02/2005   S   100 D $ 59.51 8,148 D  
Common Stock 02/02/2005   M   1,800 A $ 29.7188 9,948 D  
Common Stock 02/02/2005   S   1,800 D $ 59.5 8,148 D  
Common Stock 02/02/2005   M   800 A $ 29.7188 8,948 D  
Common Stock 02/02/2005   S   800 D $ 59.48 8,148 D  
Common Stock 02/02/2005   M   3,900 A $ 29.7188 12,048 D  
Common Stock 02/02/2005   S   3,900 D $ 59.45 8,148 D  
Common Stock 02/02/2005   M   3,100 A $ 29.7188 11,248 D  
Common Stock 02/02/2005   S   3,100 D $ 59.42 8,148 D  
Common Stock 02/02/2005   M   100 A $ 29.7188 8,248 D  
Common Stock 02/02/2005   S   100 D $ 59.4 8,148 D  
Common Stock 02/02/2005   M   200 A $ 29.7188 8,348 D  
Common Stock 02/02/2005   S   200 D $ 59.36 8,148 (1) D  
Common Stock 02/02/2005   S   248 D $ 59.31 7,900 D  
Common Stock 02/02/2005   S   4,200 D $ 59.32 3,700 D  
Common Stock 02/02/2005   S   600 D $ 59.39 3,100 D  
Common Stock 02/02/2005   S   3,100 D $ 59.4 0 D  
Common Stock               15,909.13 I 401(k) Plan

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) (2) $ 29.7188 02/02/2005   M     5,200 01/14/2001 01/13/2009 Common Stock 5,200 $ 0 11,900 D  
Non-Qualified Stock Option (right to buy) (2) $ 29.7188 02/02/2005   M     100 01/14/2001 01/13/2009 Common Stock 100 $ 0 11,800 D  
Non-Qualified Stock Option (right to buy) (2) $ 29.7188 02/02/2005   M     300 01/14/2001 01/13/2009 Common Stock 300 $ 0 11,500 D  
Non-Qualified Stock Option (right to buy) (2) $ 29.7188 02/02/2005   M     100 01/14/2001 01/13/2009 Common Stock 100 $ 0 11,400 D  
Non-Qualified Stock Option (right to buy) (2) $ 29.7188 02/02/2005   M     100 01/14/2001 01/13/2009 Common Stock 100 $ 0 11,300 D  
Non-Qualified Stock Option (right to buy) (2) $ 29.7188 02/02/2005   M     200 01/14/2001 01/13/2009 Common Stock 200 $ 0 11,100 D  
Non-Qualified Stock Option (right to buy) (2) $ 29.7188 02/02/2005   M     300 01/14/2001 01/13/2009 Common Stock 300 $ 0 10,800 D  
Non-Qualified Stock Option (right to buy) (2) $ 29.7188 02/02/2005   M     200 01/14/2001 01/13/2009 Common Stock 200 $ 0 10,600 D  
Non-Qualified Stock Option (right to buy) (2) $ 29.7188 02/02/2005   M     200 01/14/2001 01/13/2009 Common Stock 200 $ 0 10,400 D  
Non-Qualified Stock Option (right to buy) (2) $ 29.7188 02/02/2005   M     400 01/14/2001 01/13/2009 Common Stock 400 $ 0 10,000 D  
Non-Qualified Stock Option (right to buy) (2) $ 29.7188 02/02/2005   M     100 01/14/2001 01/13/2009 Common Stock 100 $ 0 9,900 D  
Non-Qualified Stock Option (right to buy) (2) $ 29.7188 02/02/2005   M     1,800 01/14/2001 01/13/2009 Common Stock 1,800 $ 0 8,100 D  
Non-Qualified Stock Option (right to buy) (2) $ 29.7188 02/02/2005   M     800 01/14/2001 01/13/2009 Common Stock 800 $ 0 7,300 D  
Non-Qualified Stock Option (right to buy) (2) $ 29.7188 02/02/2005   M     3,900 01/14/2001 01/13/2009 Common Stock 3,900 $ 0 3,400 D  
Non-Qualified Stock Option (right to buy) (2) $ 29.7188 02/02/2005   M     3,100 01/14/2001 01/13/2009 Common Stock 3,100 $ 0 300 D  
Non-Qualified Stock Option (right to buy) (2) $ 29.7188 02/02/2005   M     100 01/14/2001 01/13/2009 Common Stock 100 $ 0 200 D  
Non-Qualified Stock Option (right to buy) (2) $ 29.7188 02/02/2005   M     200 01/14/2001 01/13/2009 Common Stock 200 $ 0 0 D  
Non-Qualified Stock Option (right to buy) (3) $ 30.75 02/02/2005   M     1,800 01/19/2000 01/19/2008 Common Stock 1,800 $ 0 12,000 D  
Non-Qualified Stock Option (right to buy) (3) $ 30.75 02/02/2005   M     1,900 01/19/2000 01/19/2008 Common Stock 1,900 $ 0 10,100 D  
Non-Qualified Stock Option (right to buy) (3) $ 30.75 02/02/2005   M     4,000 01/19/2000 01/19/2008 Common Stock 4,000 $ 0 6,100 D  
Non-Qualified Stock Option (right to buy) (3) $ 30.75 02/02/2005   M     300 01/19/2000 01/19/2008 Common Stock 300 $ 0 5,800 D  
Non-Qualified Stock Option (right to buy) (3) $ 30.75 02/02/2005   M     2,000 01/19/2000 01/19/2008 Common Stock 2,000 $ 0 3,800 D  
Non-Qualified Stock Option (right to buy) (3) $ 30.75 02/02/2005   M     600 01/19/2000 01/19/2008 Common Stock 600 $ 0 3,200 D  
Non-Qualified Stock Option (right to buy) (3) $ 30.75 02/02/2005   M     200 01/19/2000 01/19/2008 Common Stock 200 $ 0 3,000 D  
Non-Qualified Stock Option (right to buy) (3) $ 30.75 02/02/2005   M     100 01/19/2000 01/19/2008 Common Stock 100 $ 0 2,900 D  
Non-Qualified Stock Option (right to buy) (3) $ 30.75 02/02/2005   M     600 01/19/2000 01/19/2008 Common Stock 600 $ 0 2,300 D  
Non-Qualified Stock Option (right to buy) (3) $ 30.75 02/02/2005   M     300 01/19/2000 01/19/2008 Common Stock 300 $ 0 2,000 D  
Non-Qualified Stock Option (right to buy) (3) $ 30.75 02/02/2005   M     100 01/19/2000 01/19/2008 Common Stock 100 $ 0 1,900 D  
Non-Qualified Stock Option (right to buy) (3) $ 30.75 02/02/2005   M     300 01/19/2000 01/19/2008 Common Stock 300 $ 0 1,600 D  
Non-Qualified Stock Option (right to buy) (3) $ 30.75 02/02/2005   M     200 01/19/2000 01/19/2008 Common Stock 200 $ 0 1,400 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BRACE RAYMOND
100 CRYSTAL A DRIVE
HERSHEY, PA 17033
      SVP, Operations  

Signatures

 By: Bonnie S. Martin, as Attorney-in-Fact For: Raymond Brace   02/04/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The total amount of securities reported as directly owned by the reporting person in Column 5 of Table I includes the acquisition of 4,074 additional shares as a result of the two-for-one stock split on June 15, 2004.
(2) These options are from an option grant previously reported as 8,550 options at an exercise price of $59.4375. The option grant was adjusted to reflect the two-for-one stock split on June 15, 2004.
(3) These options are from an option grant previously reported as 6,900 options at an exercise price of $61.50. The option grant was adjusted to reflect the two-for-one stock split on June 15, 2004.
 
Remarks:
The total amount of securities reported as indirectly owned by the reporting person in Column 5 of Table I (401(k) Plan) includes 204.1200 shares acquired from April 1, 2004 through December 31, 2004; and 42.9400 shares acquired from January 1, 2005 through January 31, 2005 pursuant to the Hershey Foods Corporation Employee Savings Stock Investment and Ownership Plan (ESSIOP).  These shares were acquired at various intervals.  The closing price on December 31, 2004 was $55.54 and the closing price on January 31, 2005 was $58.49.  The exact price of each share at the date of acquisition is not readily determinable.  The total amount also includes the acquisition of 7,837.7600 additional shares as a result of the two-for-one stock split on June 15, 2004.

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