ONE ASPECT OF THE INVENTION RELATES TO AN AERATED WATER- CONTINUOUS OIL-AND-WATER EMULSION HAVING AN OVERRUN IN THE RANGE OF 10-500%, SAID EMULSION COMPRISING: 5-90 WT.% OF AN OIL PHASE; 10-95 WT.% OF AN AQUEOUS PHASE; 0.3-30% BY WEIGHT OF THE AQUEOUS PHASE OF ONE OR MORE EGG YOLK GRANULE PROTEINS SELECTED FROM HIGH DENSITY LIPOPROTEIN (HDL) AND PHOSVITIN; AND FROM 0.05 UP TO 10% BY WEIGHT OF THE AQUEOUS PHASE OF ONE OR MORE EGG YOLK PLASMA PROTEINS SELECTED FROM LOW DENSITY LIPOPROTEIN (LDL) AND LIVETIN; WHEREIN THE WEIGHT RATIO OF EGG YOLK GRANULE PROTEINS TO EGG YOLK PLASMA PROTEINS EXCEEDS 1:1. THE AERATED EMULSIONS ACCORDING TO THE PRESENT INVENTION CAN EASILY BE PRODUCED AT A HIGH OVERRUN. FURTHERMORE, THE FOAM STRUCTURE OF THESE EMULSIONS REMAINS SURPRISINGLY STABLE DURING SHELF LIFE.