Oshkosh Truck Named To Fortune Investor's Guide 2004; ''The Top Picks from 50 Great Investors''

OSHKOSH, Wis.--Jan. 1, 20042, 2004--Oshkosh Truck Corporation , a leading manufacturer of specialty trucks and truck bodies, announced today that the company was recognized within Fortune's Investor's Guide 2004, the December 29, 2003 issue.

To develop the Investor's Guide for 2004, Fortune sought the best 50 performing fund managers across industries and asked each of them for their single best investment pick for 2004. Oshkosh Truck Corporation was highlighted as a top pick by Brian Berghuis of T. Rowe Price Mid-Cap Growth.

"To be picked by one of the best within the investor fund community is certainly recognition of the company. It fuels our competitive spirit and our commitment to long-term performance and shareholder value," said Robert G. Bohn, chairman, president and chief executive officer of Oshkosh.

Oshkosh Truck Corporation is a leading manufacturer of specialty trucks and truck bodies for the defense, fire and emergency, concrete placement and refuse hauling markets. Oshkosh Truck is a Fortune 1000 company with products marketed under the Oshkosh(R), Pierce(R), McNeilus(R), Medtec(R), Geesink and Norba brand names. The company is headquartered in Oshkosh, Wis., and had annual sales of $1.9 billion in fiscal 2003.

To learn more about Oshkosh Truck Corporation, visit its web site at www.oshkoshtruckcorporation.com.

Forward-Looking Statements

This press release contains statements that the company believes are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including statements regarding the company's future financial position, business strategy, targets, projected sales, costs, earnings, capital spending and debt levels, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as the company "expects," "intends," "estimates," "anticipates," or "believes" and similar expressions are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the company's control, that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, without limitation, risks related to reductions in government expenditures, the uncertainty of government contracts and the possibility that expected cost savings will not be achieved nor future plans realized. Additional information concerning these and other factors is contained in the company's filings with the Securities and Exchange Commission.