Federal-Mogul Declares Dividend on Trust Convertible Preferred Stock

    SOUTHFIELD, Mich., Feb. 21 The Board of Directors of
Federal-Mogul Corporation today declared the quarterly cash
dividend of $.875 per share on the outstanding shares of 7% Trust Convertible
Preferred Stock of the Corporation, payable March 1, 2001 to shareholders of
record at the start of business on February 28, 2001.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/20000525/DETH025LOGO )
    Headquartered in Southfield, Michigan, Federal-Mogul is an automotive
parts manufacturer providing innovative solutions and systems to global
customers in the automotive, light trucks, heavy duty, farm and industrial
markets.  The company was founded in 1899.  For more information on Federal-
Mogul, visit the company's web site at http://www.federal-mogul.com .
Federal-Mogul's press releases are available by fax through Company News On-
Call, call 800-758-5804, ext. 306225.