The Timken Company Declares Quarterly Dividend

    CANTON, Ohio, Aug. 3 The board of directors of The Timken
Company today declared a quarterly cash dividend of 18 cents per
share.  The dividend is payable on September 4, 2001, to shareholders of
record as of August 17, 2001.  It will be the 317th consecutive dividend paid
on the common stock of the company.
    
The Timken Company is a leading international
manufacturer of highly engineered bearings, alloy and specialty steels and
components, as well as related products and services.  With operations in 24
countries, the company employs about 19,700 people worldwide and recorded
sales of U.S. $2.6 billion in 2000.