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This document contains the summary of a fourth quarter 2008 conference call for DPS. It discusses the challenging macroeconomic conditions, but notes DPS's committed to its long term strategy focused on building brands. It provides an overview of Q4 and full year 2008 financial performance. Guidance for 2009 indicates net sales growth of 2-4% and EPS growth excluding items of $1.59 to $1.67. DPS will continue to generate strong cash flows and pay down $400 million in debt in 2009.




















