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Harley-Davidson, Inc. Declares Dividend

11 December 1997

Harley-Davidson, Inc. Declares Dividend

    MILWAUKEE, Dec. 11 -- Harley-Davidson, Inc.
announced today that its Board of Directors approved a quarterly cash dividend
of $0.035 per share, payable December 31, 1997 to shareholders of record
December 22, 1997.  The company currently has 152.3 million shares of common
stock outstanding.
    The company also announced that its Board of Directors authorized
management to repurchase shares to offset dilution caused by future employee
stock option exercises after January 1, 1998.
    Harley-Davidson Motor Company, the only major U.S.-based motorcycle
manufacturer, produces heavyweight motorcycles and a complete line of
motorcycle parts, accessories, apparel, and general merchandise.  Eaglemark
Financial Services, Inc. provides wholesale and retail financing, insurance
and credit card programs to Harley-Davidson dealers and customers and similar
programs for other leisure products manufacturers.

SOURCE  Harley-Davidson, Inc.