Registration No. 333-2837
                                      Filed pursuant to Rule 424 (b) (3)


Pricing Supplement No. 5 dated July 17, 1997
to Prospectus Supplement dated June 3, 1996 and
Prospectus dated May 14, 1996
(collectively, the "Prospectus")

                             ALBERTSON'S, INC.

                       Medium-Term Notes, Series B

     This Pricing Supplement relates to $20,000,000 aggregate principal amount
of Fixed Rate Book-Entry Medium-Term Notes, Series B, due July 21, 2017.  Net
proceeds to Albertson's, Inc. (the "Company"), before deduction of expenses
payable by the Company, will be $19,850,000.

Principal Amount:                         $20,000,000
Interest Rate:                            7.02%                            
Stated Maturity:                          July 21, 2017                   
Interest Payment Dates:                   June 1 and December 1
Regular Record Dates:                     May 15 and November 15          
Optional Redemption:                      Not Applicable                 
Regular Redemption:                       Not Applicable                 
Initial Redemption Date:                  Not Applicable                
Initial Redemption Price:                 Not Applicable              
Premium Reduction Amount:                 Not Applicable           
Make-Whole Premium Redemption:            Not Applicable               
Settlement Date:                          July 21, 1997               


Goldman, Sachs & Co.
                          J. P. Morgan & Co.
                                                    Merrill Lynch & Co.