Wechsler Harwood Files Class Action Against Dollar General Corporation

Wechsler Harwood Halebian & Feffer LLP ("Wechsler Harwood") filed a securities class action lawsuit in the United States District Court for the Middle District of Tennessee on behalf of all investors who purchased the securities of Dollar General Corporation ("Dollar General") (NYSE: DG) in the period between May 12, 1998 and April 27, 2001 (the "Class Period").

If you are a member of the Class described above, and if you meet certain other legal requirements, you may, no later than June 29, 2001, move the Court to serve as a lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." The requirements for serving as a lead plaintiff are set forth in the Private Securities Litigation Reform Act of 1995 (15 U.S.C. Section 78u-4). Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

The complaint charges that Dollar General, along with certain officers and directors ("Defendants"), violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The complaint alleges that during the Class Period the defendants issued materially false and misleading financial statements contained in filings with the Securities and Exchange Commission and press releases that, inter alia, overstated the Company's financial condition by overstating earnings in violation of Generally Accepted Accounting Principles.

On April 30, 2001, the Company issued a press release entitled, "Dollar General Expects to Restate Earnings; Maintains Current Year Guidance." The press release stated in part, "Dollar General Corporation announced today that it expects to delay the filing of its annual report on Form 10-K for the fiscal year 2000 in anticipation of restating its audited financial statements for fiscal years 1998 and 1999 as well as restating the unaudited financial information for the fiscal year 2000 as previously released. The Company has become aware of certain accounting irregularities, and the audit committee of the Company's board of directors is conducting an investigation of these irregularities." On this news, the price of Dollar General shares plunged to $16.50 per share, or more than 37% lower than the Class Period high of $26.

Plaintiff seeks to recover damages on behalf of all investors who purchased publicly traded securities of Dollar General during the Class Period and who suffered damages as a result, and is represented by Wechsler Harwood Halebian & Feffer LLP, which has extensive experience representing investors in class actions. The reputation and expertise of the firm in investor and other class action litigation has been repeatedly recognized by the courts, which have appointed the firm to major positions in complex class action litigations. For more information about Wechsler Harwood Halebian & Feffer LLP, please visit our website at http://www.whhf.com/.

If you would like to discuss this action or have any questions concerning this notice or your rights or interests with respect to this matter, please contact the following:

   Wechsler Harwood Halebian & Feffer LLP
   488 Madison Avenue, New York, New York 10022
   Telephone: 877-935-7400 (toll free)
   Patricia Guiteau, Shareholder Relations Department: pguiteau@whhf.com

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SOURCE: Wechsler Harwood Halebian & Feffer LLP

Contact: Patricia Guiteau, Shareholder Relations Department of Wechsler
Harwood Halebian & Feffer LLP, 877-935-7400, pguiteau@whhf.com

Website: http://www.whhf.com/