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Ray L. Hunt, 64, Chief Executive Officer of Hunt Oil Company and Chairman of the Board, President and Chief Executive Officer of Hunt Consolidated, Inc., was elected to PepsiCo's Board in 1996. Mr. Hunt began his association with Hunt Oil Company in 1958 and has held his current position since 1976. He is also a director of Bessemer Securities Corporation, Electronic Data Systems Corporation, King Ranch, Inc. and Verde Realty. He is immediate past chairman of the board of directors of the Federal Reserve Bank of Dallas. | 