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                   Eskimo Pie: Declares 2nd Quarter Dividend

                    NEWS FROM: ESKIMO PIE CORPORATION

901 Moorefield Park Drive               Contact:  William T. Berry, Jr.
Richmond, Virginia  23236               Telephone:  (804)-560-8490

                   FOR IMMEDIATE RELEASE:  May 13, 1998

        ESKIMO PIE CORPORATION DECLARES 2ND QUARTER DIVIDEND

        Richmond, Virginia (NASDAQ NNM: EPIE) - In its May 6, 1998 meeting, the
Board of Directors of Eskimo Pie Corporation declared a quarterly dividend of
$0.05 per share of Common Stock, payable on July 2, 1998, to shareholders of
record on June 12, 1998.  While the Company anticipates a regular quarterly
dividend, the amount and timing of any future dividends will depend on the
general business conditions encountered by the Company, as well as the
financial condition, earnings and capital requirements of the Company and other
factors deemed relevant by the Board of Directors.

        Eskimo Pie Corporation, headquartered in Richmond, Virginia, created
the frozen novelty industry in 1921 with the invention of the Eskimo Pie ice
cream bar.  Today, the Company markets a broad range of frozen novelties, ice
cream and sorbet products under the Eskimo Pie, RealFruit, Welch's, Weight
Watchers, SnackWell's, and OREO brand names.  These nationally branded
products are generally manufactured by a select group of licensed dairies who
purchase the necessary flavors ingredients and packaging directly from the
Company.  Eskimo Pie Corporation also sells a full line of quality flavors and
ingredients for use in private label dairy products in addition to the brands
it licenses.  The Company also manufactures soft serve yogurt and ice cream
products for sale to the commercial foodservice industry.






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