<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4/A</documentType><periodOfReport>2003-09-17</periodOfReport><dateOfOriginalSubmission>2003-09-18</dateOfOriginalSubmission><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001189712</issuerCik>
        <issuerName>DREYERS GRAND ICE CREAM HOLDINGS INC</issuerName>
        <issuerTradingSymbol>DRYR</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001219697</rptOwnerCik>
            <rptOwnerName>COLLETT WILLIAM C</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>5929 COLLEGE AVE.</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>OAKLAND</rptOwnerCity>
            <rptOwnerState></rptOwnerState>
            <rptOwnerZipCode>94618</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
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buy)</value></securityTitle><conversionOrExercisePrice><value>12.375</value></conversionOrExercisePrice><transactionDate><value>2003-09-17</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>6600</value><footnoteId id="F13"/></transactionShares><transactionPricePerShare><value>0</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>1988-08-08</value><footnoteId id="F5"/></exerciseDate><expirationDate><value>2009-02-23</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Class A</value></underlyingSecurityTitle><underlyingSecurityShares><value>6600</value><footnoteId id="F12"/></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>4400</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction><derivativeTransaction><securityTitle><value>Stock Option (right to buy)</value></securityTitle><conversionOrExercisePrice><value>17.3438</value></conversionOrExercisePrice><transactionDate><value>2003-09-17</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>1280</value><footnoteId id="F13"/></transactionShares><transactionPricePerShare><value>0</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>1988-08-08</value><footnoteId id="F6"/></exerciseDate><expirationDate><value>2010-02-23</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Class A</value></underlyingSecurityTitle><underlyingSecurityShares><value>1280</value><footnoteId id="F12"/></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>1920</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction><derivativeTransaction><securityTitle><value>Stock Option (right to buy)</value></securityTitle><conversionOrExercisePrice><value>17.3438</value></conversionOrExercisePrice><transactionDate><value>2003-09-17</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>2848</value><footnoteId id="F13"/></transactionShares><transactionPricePerShare><value>0</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>1988-08-08</value><footnoteId id="F7"/></exerciseDate><expirationDate><value>2010-02-23</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Class A</value></underlyingSecurityTitle><underlyingSecurityShares><value>2848</value><footnoteId id="F12"/></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>4272</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction><derivativeHolding><securityTitle><value>Stock Option (right to buy)</value></securityTitle><conversionOrExercisePrice><value>31.125</value></conversionOrExercisePrice><exerciseDate><value>1988-08-08</value><footnoteId id="F8"/></exerciseDate><expirationDate><value>2011-02-14</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Class A</value></underlyingSecurityTitle><underlyingSecurityShares><value>6000</value><footnoteId id="F12"/></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>6000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Stock Option (right to buy)</value></securityTitle><conversionOrExercisePrice><value>31.125</value></conversionOrExercisePrice><exerciseDate><value>1988-08-08</value><footnoteId id="F9"/></exerciseDate><expirationDate><value>2011-02-14</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Class A</value></underlyingSecurityTitle><underlyingSecurityShares><value>3480</value><footnoteId id="F12"/></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>3480</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Stock Option (right to buy)</value></securityTitle><conversionOrExercisePrice><value>39.395</value></conversionOrExercisePrice><exerciseDate><value>1988-08-08</value><footnoteId id="F10"/></exerciseDate><expirationDate><value>2012-02-07</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Class A</value></underlyingSecurityTitle><underlyingSecurityShares><value>6505</value><footnoteId id="F12"/></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>6505</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Stock Option (right to buy)</value></securityTitle><conversionOrExercisePrice><value>39.395</value></conversionOrExercisePrice><exerciseDate><value>1988-08-08</value><footnoteId id="F11"/></exerciseDate><expirationDate><value>2012-02-07</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Class A</value></underlyingSecurityTitle><underlyingSecurityShares><value>1475</value><footnoteId id="F12"/></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>1475</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding></derivativeTable><footnotes><footnote id="F1">This option is fully vested and exercisable.</footnote><footnote id="F2">1,120 options are vested and exercisable. 280 options vest and will be exercisable as follows: 1/3 on December 1, 2003, 1/3 on December 1, 2004 and 1/3 on April 3, 2006.</footnote><footnote id="F3">4,560 options are vested and exercisable. 1,140 options vest and will be exercisable as follows: 1/3 on June 26, 2004, 1/3 on June 26, 2005 and 1/3 on April 3, 2006.</footnote><footnote id="F4">1,860 options are vested and exercisable. 1,240 options vest and will be exercisable as follows: 1/3 on December 1, 2003, 1/3 on December 1, 2004 and 1/3 on April 3, 2006.</footnote><footnote id="F5">6,600 options are vested and exercisable. 4,400 options vest and will be exercisable as follows: 1/3 on June 26, 2004, 1/3 on June 26, 2005 and 1/3 on April 3, 2006.</footnote><footnote id="F6">1,280 options are vested and exercisable. 1,920 options vest and will be exercisable as follows: 1/3 on December 1, 2003, 1/3 on December 1, 2004 and 1/3 on April 3, 2006.</footnote><footnote id="F7">2,848 options are vested and exercisable. 4,272 options vest and will be exercisable as follows: 1/3 on June 26, 2004, 1/3 on June 26, 2005 and 1/3 on April 3, 2006.</footnote><footnote id="F8">This option vests and will be exercsiable as follows: 1/3 on December 1, 2003, 1/3 on December 1, 2004 and 1/3 on April 3, 2006.</footnote><footnote id="F9">This option vests and will be exercisable as follows: 1/3 on June 26, 2004, 1/3 on June 26, 2005 and 1/3 on April 3, 2006.</footnote><footnote id="F10">This option vests and will be exercisable as follows: 1/3 on June 26, 2004, 1/3 on June 26, 2005 and 1/3 on April 3, 2006.</footnote><footnote id="F11">This option vests and will be exercsiable as follows: 1/3 on December 1, 2003, 1/3 on December 1, 2004 and 1/3 on April 3, 2006.</footnote><footnote id="F12">Class A Callable Puttable Common Stock.</footnote><footnote id="F13">On September 17, 2003, William C. Collett ("Reporting Person") exercised options in the aggregate amount of 44,008 and on the same day, Reporting Person sold all such shares acquired in such exercises at  various prices listed on this Form 4.</footnote><footnote id="F14">On September 17, 2003, Reporting Person gifted 258 shares to a Charitable Gift Account over which he maintains investment control.</footnote></footnotes><ownerSignature><signatureName>Vicki L. Randall, Authorized Signatory</signatureName><signatureDate>2003-09-29</signatureDate></ownerSignature></ownershipDocument>



