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Tenneco Automotive Eliminates Quarterly Dividend

11 January 2001

Tenneco Automotive Eliminates Quarterly Dividend; Announces Annual Meeting

    LAKE FOREST, Ill., Jan. 10 Tenneco Automotive
announced today that its board of directors eliminated the quarterly dividend
on the company's common stock at its regularly scheduled meeting yesterday.
It had paid a 5-cent per share of common stock dividend each of the previous
four quarters.  The board took the action in response to current industry
conditions, primarily greater than anticipated production volume reductions by
original equipment manufacturers and a continued softness in the global light
vehicle aftermarket.
    The company also announced that its board of directors has scheduled the
corporation's annual meeting of shareholders for Tuesday, May 8, 2001.  The
meeting will be held at the Chicago Botanic Gardens, Glencoe, Illinois.  The
exact time will be announced at a later date.  The record date for
shareholders to vote at the meeting is March 16, 2001.