ITEM 5.  Other Events.

     Alico, Inc. today noted that Ben Hill Griffin III, Alico's Chairman and
Chief Executive Officer, has adopted a written sales plan under Rule 10b5-1,
as promulgated under the Securities Exchange Act of 1934, as amended, which
establishes a formula for the disposition on a daily basis over a specified
period of time of up to a maximum number of shares that constitutes less than
one percent of Alico's outstanding common stock.  All of the shares to be sold
under the written sales plan are currently held of record by the Griffin Family
Limited Partnership, of which Mr. Griffin owns a controlling interest.