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ITT Industries Declares $0.15 Per Share First Quarter Dividend

20 January 1998

ITT Industries Declares $0.15 Per Share First Quarter Dividend

    WHITE PLAINS, N.Y., Jan. 20 -- ITT Industries, Inc.
, a global, diversified manufacturing company, today declared a
cash dividend of $0.15 per share for the first quarter of 1998, payable
April 1, 1998 to shareholders of record on February 27, 1998.
    ITT Industries is a leading worldwide diversified manufacturing company,
with 1996 sales of $8.4 billion dollars from its three primary business
segments:  Automotive, Defense & Electronics, and Fluid Technology.  ITT
Automotive is one of the largest independent suppliers of systems and
components to automotive manufacturers.  ITT Defense & Electronics is a leader
in the design, manufacture and support of high technology electronic systems
and components for defense and commercial markets.  ITT Fluid Technology is
one of the world's leading manufacturers of products, systems and services for
the movement, measurement, and control of fluids.
   ITT Industries' stock (IIN) is traded on the New York, Midwest, pacific,
London, Frankfurt and Paris exchanges.

SOURCE  ITT Industries, Inc.