Dividend Declaration

Caterpillar Inc
11 December 2002

FOR IMMEDIATE RELEASE


             Caterpillar Inc. maintains dividend rate

Caterpillar Inc. today declared a quarterly cash dividend of thirty-five
cents ($0.35) per share on its common stock, payable February 20, 2003, to
stockholders of record at the close of business January 21, 2003.

This maintains the dividend rate declared for the previous quarter.


                      This information is provided by RNS
            The company news service from the London Stock Exchange