Eaton Quarterly Dividend Payable August 26, 2005

CLEVELAND--July 27, 2005--Diversified industrial manufacturer Eaton Corporation's Board of Directors today declared a regular quarterly dividend of $.31 per common share, payable on August 26, 2005 to shareholders of record on August 8, 2005. Eaton has paid dividends on common shares every year since 1923.

Eaton Corporation is a diversified industrial manufacturer with 2004 sales of $9.8 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; fluid power systems and services for industrial, mobile and aircraft equipment; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton has 56,000 employees and sells products to customers in more than 125 countries. For more information, visit www.eaton.com.