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The Timken Company Declares Quarterly Dividend

1 August 1997

The Timken Company Declares Quarterly Dividend

    CANTON, Ohio, Aug. 1 -- The board of directors of The Timken
Company today declared a quarterly cash dividend of sixteen and
one half (16.5) cents per share.  The dividend is payable on September 2,
1997, to shareholders of record at the close of business on August 15, 1997.
It will be the 301st consecutive dividend paid on the common stock of the
company.
    The Timken Company is a leading international manufacturer of
highly engineered bearings and alloy steels.  The company employs some 19,000
associates worldwide and reported 1996 sales of about $2.4 billion.

SOURCE  The Timken Company