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Federal Signal Corporation Declares Quarterly Cash Dividend

9 October 1997

Federal Signal Corporation Declares Quarterly Cash Dividend

    OAK  BROOK, Ill., Oct. 9 -- The Board of Directors of
Federal Signal Corporation today declared the regular quarterly
cash dividend of 16.75 cents on its common stock, payable January 6, 1998 to
holders of record at the close of business on December 15, 1997.  This
represents the 199th consecutive quarterly cash dividend paid to common
stockholders by the company.
    Federal Signal Corporation is a global manufacturer of leading niche
products in four operating segments:  safety and signaling products, custom
signage, consumable industrial tooling and emergency and environmental
vehicles.  Based in Oak Brook, Illinois, the company's shares are traded on
the New York Stock Exchange under the symbol FSS.

SOURCE  Federal Signal Corporation