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Chrysler Declares Dividend

4 September 1997

Chrysler Declares Dividend

    AUBURN HILLS, Mich., Sept. 4 -- Chrysler Corporation
today announced that its Board of Directors has declared a dividend
of $0.40 per share on the company's common stock.  The dividend is payable
October 15, 1997 to shareholders of record on September 15, 1997.
    The Board also declared a dividend of $1.15625 per depositary share, each
representing 1/10 of a share of the company's Series A Convertible Preferred
Stock, payable October 15, 1997 to shareholders of record on September 15,
1997.

SOURCE  Chrysler Corporation