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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
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 Lshs18GlyMI3k4uVCJyPPg==

<SEC-DOCUMENT>0000002852-01-500023.txt : 20010516
<SEC-HEADER>0000002852-01-500023.hdr.sgml : 20010516
ACCESSION NUMBER:		0000002852-01-500023
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20010515

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AGWAY INC
		CENTRAL INDEX KEY:			0000002852
		STANDARD INDUSTRIAL CLASSIFICATION:	GRAIN MILL PRODUCTS [2040]
		IRS NUMBER:				150277720
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		
		SEC FILE NUMBER:	333-62509
		FILM NUMBER:		1635098

	BUSINESS ADDRESS:	
		STREET 1:		333 BUTTERNUT DR
		CITY:			DEWITT
		STATE:			NY
		ZIP:			13214
		BUSINESS PHONE:		3154496431
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>apr01424b3.txt
<DESCRIPTION>MAY 14, 2001
<TEXT>

                          Supplement dated May 14, 2001
                     To Prospectus dated September 21, 1998
As of May 14,  2001,  the issuer,  Agway  Financial  Corporation,  approved  the
following changes for securities issued on or after that date:
         8.75% and 8.50% Subordinated Money Market Certificates due October  31,
2015: rates  decreased  to  7.75% and 7.50%, and due date changed to October 31,
2016.
         9.25%  and  9.00%  Subordinated  Member  Money  Market Certificates due
October 31, 2015:  rates  decreased  to 8.25% and 8.00%, and due date changed to
October 31, 2016.
         9.75% Subordinated  Money Market Certificate due October 31, 2009: rate
decreased to 8.75%.
         9.50% Subordinated Money Market  Certificate due October 31, 2004: rate
decreased to 8.50% and due date changed to October 31, 2005
                        (Continued on inside back cover)


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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