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ITT Industries Declares Dividend

14 May 1998

ITT Industries Declares $0.15 Per Share First Quarter Dividend

    WHITE PLAINS, N.Y., May 14 -- ITT Industries, Inc.
, a global, diversified manufacturing company, today declared a
cash dividend of $0.15 per share for the second quarter of 1998, payable
July 1, 1998 to shareholders of record on May 28, 1998.
    ITT Industries is a leading worldwide diversified manufacturing company,
with 1997 sales of $8.8 billion dollars from its three primary business
segments: automotive, defense & electronics, and fluid technology.  ITT
Industries, through its automotive unit, is one of the largest independent
suppliers of systems and components of automotive manufacturers.  In the area
of defense and electronics, ITT Industries is a leader in the design,
manufacture and support of high technology electronic systems and components
for defense and commercial markets.  In fluid technology, ITT Industries is
the world's largest pump manufacturer and a leading producer of products,
systems and services for the movement and control of fluids.  Based in White
Plains, New York, ITT Industries employs more than 58,000 people around the
world.
    ITT Industries' stock (IIN) is traded on the New York, Midwest, pacific,
London, Frankfurt and Paris exchanges.

    ITT Industries and its subsidiaries' news releases are available at no
charge via fax and the Internet.  For ITT Industries news and information on
the Internet, visit http://www.ittind.com.  To receive releases by fax, call
800-758-5804, extension 110006.

SOURCE  ITT Industries, Inc.