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ITW Directors Declare Quarterly Dividend

30 October 1998

ITW Directors Declare Quarterly Dividend

    GLENVIEW, Ill., Oct. 30 -- The board of directors of Illinois
Tool Works Inc., at their meeting today, declared a regular quarterly cash
dividend of 15 cents per share or 60 cents per share on an annual basis.  This
dividend will be paid on January 21, 1999 to stockholders of record
December 31, 1998.
    ITW is a global diversified manufacturer of highly engineered components
and industrial systems.  The company has 365 operations in 34 countries and
approximately 25,700 employees.