Dividend Declaration

CATERPILLAR INC
13 October 1999


Caterpillar Inc. today declared a cash dividend of thirty-two and one half cents
($.325) per share on its common stock, payable November 20, 1999, to
stockholders of record at the close of business October 25, 1999.

This maintains the dividend rate declared for the previous quarter.

Ex-dividend date is Thursday, October 21, 1999.