---

Federal-Mogul Declares 248th Consecutive Dividend on Common Stock

4 February 1998

Federal-Mogul Declares 248th Consecutive Dividend on Common Stock

    SOUTHFIELD, Mich., Feb. 4 -- The board of directors of
Federal-Mogul Corporation today declared the regular quarterly
dividend of $.12 a share on the common stock of the company.  It will be the
248th consecutive dividend paid on the common stock of the company.
    First quarter dividends are payable March 10, 1998 to shareholders of
record at the close of the business February 27, 1998.
    Headquartered in Southfield, Michigan, Federal-Mogul is a global
manufacturer of a broad range of non-discretionary parts primarily for
automobiles, light trucks, heavy trucks, and farm and construction vehicles.
The company was founded in 1899.  Visit the company's web site at
http://www.federal-mogul.com for more information.

SOURCE  Federal-Mogul Corporation