Goodyear Releases Monthly Investor Update

    AKRON, Ohio, March 21 Goodyear's Investor Relations
department today published its monthly update for individuals interested in
tracking Goodyear's progress on a more frequent basis.

    Operating Highlights

                                 North American Tire

    * The industry's February year-to-date shipments to the replacement market
      were 5 percent and 17 percent below last year's levels for consumer and
      commercial products respectively.  Goodyear's unit sales generally
      reflect the market.  Goodyear brand sales have outperformed the market.

    * Industry shipments to original equipment dropped 20 percent from a year
      ago for consumer products and 44 percent for commercial tires.
      Goodyear's unit sales were in line with industry shipments.

    * Goodyear is taking in February and March substantial production cutbacks
      for consumer and commercial tires to balance finished goods inventories.
      Goodyear will continue to monitor demand levels and adjust production
      accordingly.

    * Natural rubber and petrochemical raw material prices are starting to
      trend downward slightly from fourth quarter 2000 levels.  However,
      energy costs remain high.

    * Price increases went into effect Jan. 1, 2001.  In spite of the very
      soft consumer replacement market in February, price increases for these
      products are sticking.

                                   European Union

    * In February, consumer replacement sales were very soft, especially in
      Germany, for the industry and for Goodyear.  February year-to-date
      industry volumes remain flat.  Consumer original equipment sales in the
      Region for Goodyear and for the industry are above prior year levels.

    * Truck tire replacement sales were very weak in February for Goodyear and
      for the industry.  February year-to-date truck tire original equipment
      sales for Goodyear and for the industry were above the prior year.

    * Weak demand in the replacement markets has led to highly competitive
      markets especially in Germany with no improvement in pricing year-over-
      year.

    * The euro at 0.92 to the U.S. dollar at the end of February has
      strengthened versus fourth quarter 2000 levels.

                                  Eastern Europe

    * Replacement and original equipment unit sales for Goodyear are above
      prior year through February, largely driven by increases in South Africa
      and Poland.

    * Revenues have dropped significantly due to the devaluation in Turkey and
      translation in South Africa.

    * The severe economic crisis in Turkey has brought consumer demand to a
      virtual standstill.  Goodyear estimates the economic crises, including
      the devaluation of more than 30 percent,  will affect earnings for the
      quarter by approximately $10 million.

    * Price increases have been announced in Poland and Yugoslavia effective
      April 1.

                                Latin America

    * Replacement volumes are essentially flat with last year.  However,
      product mix has improved.  Original equipment volumes through February
      were up significantly over last year.

    * Operating results continue to be impacted by a weaker Brazilian real.
    * Recent cost-cutting measures have improved margins.

                                     Asia

    * Original equipment shipments for February year-to-date were up
      significantly over last year.  However, slowing ASEAN GDP and political
      uncertainty in Indonesia, the Philippines and Thailand have weakened
      demand in the replacement market.

    * Low-cost bias imports and weak exchange rates have affected margins.

                             Engineered Products

    * Weak original equipment demand for automotive belts and hoses and power
      transmission products have negatively impacted sales volumes.  Conveyor
      belt sales have improved slightly over last year.

    * Production cutbacks were necessary to balance inventories.

                                  Chemicals

    * Raw material prices are beginning to trend downward from fourth quarter
      2000 levels.  However, raw material and energy costs are still
      significantly above first quarter 2000 levels.

    Corporate Highlights

    * A global rationalization program, involving staffing reductions of
      7,200, was announced in February for implementation by year-end.
      Through February, staffing levels have been reduced by 1,800.

    * RubberNetwork.com, a global electronic purchasing and procurement
      marketplace created by six leading companies in the tire and rubber
      industry, announced the addition of two tire companies to the
      marketplace.  Joining Continental AG, Cooper Tire & Rubber Company, The
      Goodyear Tire & Rubber Company, Pirelli SpA, Groupe Michelin and
      Sumitomo Rubber Industries are The Yokohama Rubber Co., Ltd. and Toyo
      Tire & Rubber Co., Ltd.  Global e-commerce transactions are set to begin
      in April.

    On Feb. 28, 2001, Goodyear introduced in Europe the world's first tire
produced with a compound derived from corn.  The new Goodyear GT3 is the first
tire on the market using a new starch-based filler material called BioTRED,
which uses common corn as its "feedstock."  BioTred partially replaces more
conventional carbon black and silica used in the tread of a tire.  This
represents important environmental advantages, including remarkably lower
rolling resistance -- and as a result, less fuel consumption, noise reduction,
lower carbon dioxide emissions and less energy consumption in the production
process.