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Tenneco Board Declares Third Quarter Dividend

14 July 1998

Tenneco Board Declares Third Quarter Dividend

    GREENWICH, Conn., July 14 -- Tenneco announced
today that its board of directors has declared a regular third quarter
dividend of 30 cents per share on its common stock.  The dividend is payable
on Sept. 8, 1998 to stockholders of record at the close of business on
August 28, 1998 for the quarter ending Sept. 30, 1998.
    Tenneco is a $7 billion global manufacturing company headquartered in
Greenwich, Conn., with 50,000 employees worldwide.  Tenneco Automotive is one
of the world's largest producers and marketers of ride control and exhaust
systems and products, which are sold under the Monroe(R) and Walker(R) global
brand names.  Among its products are Sensa-Trac(R) shocks and struts,
Rancho(R) shock absorbers, Walker Quiet-Flow(TM) mufflers and DynoMax(TM)
performance exhaust products, and Monroe Clevite(TM) vibration control
components.  Tenneco Packaging is among the world's leading and most
diversified packaging companies.  Among its products are Hefty(R) trash bags,
Hefty OneZip(R) and Baggies(R) food storage bags, E-Z Foil(R) single-use
aluminum cookware and Hexacomb(R) paper honeycomb products.
    For more information about Tenneco, visit the Tenneco website at
http://www.tenneco.com.