Monsanto Company (NYSE: MON) today posted on its web site its
transitional year annual report for fiscal year 2003. The report is
Monsanto's first since the company changed its fiscal year-end from Dec.
31 to Aug. 31 and is available by visiting the company's web site at:
and clicking on "Investor Information."

On Dec. 12, Monsanto will begin mailing to shareowners of record as of
Dec. 1 copies of the annual report that incorporate the company's Form
10-K. Additionally, shareowners of record will receive a proxy
statement, proxy card and additional information for the company's
annual meeting to be held Thursday, Jan. 29, 2004 in St. Louis.

Monsanto also recently filed its Form 10-K with the U.S. Securities and
Exchange Commission.

Monsanto Company is a leading global provider of technology-based
solutions and agricultural products that improve farm productivity and
food quality.