ITW Directors Declare Quarterly Dividend

GLENVIEW, Ill., Oct. 29, 2004 -- The board of directors of Illinois Tool Works Inc. at their meeting today declared a regular quarterly cash dividend of 28 cents per share or $1.12 per share on an annual basis. This dividend will be paid on Monday, January 24, 2005 to stockholders of record Friday, December 31, 2004.

ITW is a $10 billion in revenues diversified manufacturer of highly engineered components and industrial systems and consumables. The Company consists of approximately 625 decentralized operations in 44 countries and employs some 47,500 people.