LIBERTY, Mo., Aug. 23 /PRNewswire/ -- Ferrellgas Partners, L.P. (NYSE: FGP) today declared a fourth quarter cash distribution of $0.50 per partnership common unit. The distribution is payable September 14, 2001, to common unitholders of record as of August 31, 2001.

The distribution covers the period from May 1, 2001, to July 31, 2001, the end of the partnership's fourth quarter of fiscal 2001. FGP's annualized distribution is currently $2.00 per common unit.

Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas, L.P., is one of the largest retail marketers of propane in the United States, with more than 1 million customers in 45 states and annual sales approaching 1 billion gallons. Ferrellgas employees indirectly own more than 17 million units of the partnership through an Employee Stock Ownership Plan.

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SOURCE Ferrellgas Partners, L.P.
Web site: http: //www.ferrellgas.com
CONTACT: Investor Relations, Ryan VanWinkle, +1-816-792-7998, or Media Relations, Scott Brockelmeyer, +1-816-792-7837, both of Ferrellgas Partners