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Chrysler Announces 1997 Profit Sharing

23 January 1998

Chrysler's 1997 Profit Sharing Third Highest in Company's History

    AUBURN HILLS, Mich., Jan. 23 -- Approximately 79,250 Chrysler
U.S. hourly and salaried represented employees will receive profit
sharing payments averaging $4,600 in February.  These payments will be the
third highest in Chrysler history.
    The only payments larger than this year's amount were those paid for the
1994 and 1996 plan years which averaged $8,000 and $7,900, respectively.
Those profit sharing payments by Chrysler are the highest ever made by a U.S.
auto company.
    Over the last five years, Chrysler's cumulative payments will have totaled
$28,000 per employee.  Since Chrysler's profit sharing payments began in 1988,
Chrysler's U.S. hourly and salaried represented employees will have received
more total dollars per employee in profit sharing than represented employees
at each of the U.S. auto companies.
    Additionally, about 18,150 professional-administrative and management
employees will be eligible for profit sharing payments based on the same
formula.

SOURCE  Chrysler Corporation