ITW Directors Declare Quarterly Dividend

    GLENVIEW, Ill., Feb. 16 The board of directors of Illinois
Tool Works Inc., at their meeting today, declared a regular
quarterly cash dividend of 20 cents per share or 80 cents per share on an
annual basis.  This dividend will be paid on Friday, April 20, 2001 to
stockholders of record Saturday, March 31, 2001.
    ITW is a $10 billion diversified manufacturer of highly engineered
components and industrial systems.  The company consists of approximately
600 decentralized operations in 43 countries and employs 55,300 people.