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Pricing Determined For AlliedSignal's Offer To Exchange Notes Due

26 June 1998

Pricing Determined For AlliedSignal's Offer To Exchange Notes Due July 1, 2005 For Outstanding 9 7/8% Debentures Due June 1, 2002 And 9.20% Debentures Due February 15, 2003

    MORRIS TOWNSHIP, N.J.--June 26, 1998--AlliedSignal Inc. today announced pricing information for its offer to exchange its Notes due July 1, 2005 ("the New Notes") for any and all of its outstanding 9 7/8% Debentures due June 1, 2002 (Cusip No. 019512 AD4) (the "Old 2002 Debentures") and any and all of its outstanding 9.20% Debentures due February 15, 2003(Cusip No. 019512 AG7) (the "Old 2003 Debentures") ("the Exchange Offer") as set forth in the related Offering Circular dated May 20, 1998 and the Supplement to the Offering Circular dated June 15, 1998 (as so supplemented, the "Offering Circular"). Pursuant to the terms of the Exchange Offer as set forth in the Offering Circular, the following pricing information for the exchange was determined at 3:00 p.m., New York City time, on June 25, 1998.

    -- Issuer: AlliedSignal Inc.
    -- Old Debentures: 9 7/8% of June 1, 2002;
    and 9.20% of February 15, 2003
    -- Benchmark Treasury Security:
    5 3/4% U.S. Treasury Notes due 4/30/2003
    -- 5 Year Benchmark Rate: 5.532%
    -- 2002 Fixed Spread: 0.30% (30 basis points)
    -- 2003 Fixed Spread: 0.33% (33 basis points)
    -- Old 2002 Debenture Exchange Price: $1,139.12
    -- Old 2003 Debenture Exchange Price: $1,132.93
    -- Maturity of New Notes: July 1, 2005
    -- Benchmark Treasury Security: 6 1/2% U.S. Treasury Notes due
    5/15/2005
    -- 7 Year Benchmark Rate: 5.570%
    -- 2005 Fixed Spread: 0.62% (62 basis points)
    -- New Coupon: 6 1/8%
    -- New Note Exchange Price: $996.37

    Based on the above pricing information, the Principal Amount of New Notes to be issued per $1,000 principal amount of Old 2002 Debentures exchanged is $1,143.27, and the Principal Amount of New Notes to be issued per $1,000 principal amount of Old 2003 Debentures exchanged is $1,137.06.
    The Exchange Offer expires on June 29, 1998 at 11:59 p.m., New York City time, unless extended.
    Questions with respect to the Exchange Offer may be directed to the Company's Financial Advisor, Goldman, Sachs & Co. (800-828-3182) or the Company (973-455-5109). Georgeson and Company Inc. is acting as the Information Agent on this transaction and can be reached at (800) 223-2064.
    AlliedSignal Inc. is an advanced technology and manufacturing company serving customers worldwide with aerospace and automotive products, chemicals, fibers, plastics and advanced materials. Additional information on the company is available on the World Wide Web at http://www.alliedsignal.com/.