What was the old DuPont tag line? Better Living Through Chemistry.

From the Hormel Health Labs web pages:

Ingredients: Reduced Fat Milk, Modified Food Starch, Sugar, Contains 2% or less of Water, Xanthan Gum, Nonfat Dry Milk, Phosphate and Citrate Blend (Sodium Citrate, Disodium Phosphate, Trisodium Phosphate, Sodium Hexametaphosphate), Carrageenan (Contains Dextrose), Locust Bean Gum, Polysorbate 80, Vitamin A Palmitate, Propylene Glycol, Vitamin D3. CONTAINS: MILK.