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CATERPILLAR ISSUES STATEMENT

 CATERPILLAR ISSUES STATEMENT
 PEORIA, Ill., June 4 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT)


today issued the following statement:
 Caterpillar has not seen any evidence of an orchestrated "in-plant attack" or corporate campaign against the company, but we are disappointed by published comments attributed to UAW leaders that they plan such actions. This clearly would be counter productive and not in the best interest of Caterpillar employees, including UAW-represented employees.
 We're confident, however, that Caterpillar employees -- many of whom have careers spanning more than 25 years with the company -- will quickly see that these efforts, if undertaken, won't benefit them, their company, or the communities where they live. Employees will understand that the only beneficiaries will be Cat's competitors and perhaps the Detroit union leadership.
 The company continues to hope that the union will pursue constructive tactics that will bring this dispute to an end -- such as presenting a comprehensive proposal at the bargaining table. Unfortunately, it appears the UAW leadership is currently devoting its attention to a strategy that obviously will only hurt employees.
 Caterpillar's commitment to continue producing quality products is beyond question -- as was amply proven during the five-month UAW strike, when production continued at the highest levels of quality.
 A UAW in-plant action would not address the central issues in the negotiations. Caterpillar's third and final proposal to the UAW includes wage increases averaging 13 percent over the life of the contract; six-year by-name job security with a six-year moratorium on plant closings; improved retirement benefits; and an excellent health care package.
 This proposal provides employees with one of the finest wage and benefit plans in the nation. At the same time, it allows Caterpillar to remain globally competitive from its U.S. manufacturing base. The UAW, however, has refused to abandon its demand for a "pattern" contract based on agreements at companies which are not Caterpillar's primary competitors.
 We are pleased to have all of our UAW-represented employees back to work under the key terms of this offer. Caterpillar would like nothing more than to confirm that offer with a signed contract.
 -0- 6/4/92
 /CONTACT: Dick Stober of Caterpillar Inc., 309-675-5548/
 (CAT) CO: Caterpillar Inc. ST: Illinois IN: MAC SU:


PS -- NY087 -- 7290 06/04/92 20:52 EDT
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Date:Jun 4, 1992
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