Cooper Industries' Board Declares Dividend

    HOUSTON, April 24 The board of
directors of Cooper Industries, Inc. today declared a quarterly
dividend on the Company's outstanding common shares.
    A regular quarterly dividend of 35 cents on each common share is payable
July 2, 2001, to shareholders of record on June 11, 2001.
    Cooper Industries, with 2000 revenues of $4.5 billion, is a worldwide
manufacturer of electrical products, tools and hardware.  Additional
information about Cooper is available on the Company's Internet site:
http://www.cooperindustries.com.

    Contact:  John Breed of Cooper Industries, 713-209-8835.

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