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Chrysler Declares Dividend

5 March 1998

Chrysler Declares Dividend

    AUBURN HILLS, Mich., March 5 -- Chrysler Corporation
announced today that its Board of Directors has declared a dividend
of $0.40 per share on the Company's common stock.  The dividend is payable
April 15, 1998, to shareholders of record on March 15, 1998.
    The Board also declared a dividend of $1.15625 per depositary share, each
representing 1/10th of a share of the Company's Series A Convertible Preferred
Stock, payable April 15, 1998, to shareholders of record on March 15, 1998.

SOURCE  Chrysler Corporation