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MARIO ANDRETTI SIGNS LONG-TERM AGREEMENT WITH TEXACO MULTI-YEAR PERSONAL SERVICE CONTRACT ANNOUNCED

 HOUSTON, May 28 /PRNewswire/ -- Racing legend Mario Andretti has signed a long-term marketing endorsement agreement with Texaco, it was announced today by Texaco USA President James L. Dunlap. The agreement enhances Texaco's well-established relationship with Andretti. The company will further incorporate Andretti's image into its marketing campaigns and corporate programs.
 "Through our sponsorship of the Newman/Haas Racing Team, Texaco has enjoyed a long-standing relationship with Mario Andretti," said Dunlap. "This agreement allows Texaco to continue to associate our company with Andretti's legendary racing status to promote the excellence of Texaco's branded products."
 Under the agreement, Andretti will work on marketing programs with Texaco and its affiliates such as Texaco Refining and Marketing Inc. (TRMI), Star Enterprise, Texaco Lubricants Company North America and Texaco Europe. Andretti, on behalf of Texaco, will participate in additional television and radio commercials, print advertisements, point-of-sale printed and audio materials, billboard advertisements, public service announcements, employee incentive programs and personal appearance activities. In addition to promoting the company's products, Andretti will serve as spokesperson for selected corporate initiatives.
 "Texaco has been a committed sponsor of the Newman/Haas Racing team for five years," said Andretti. "I respect their dedication, and feel privileged to extend my involvement with the company. Their products and services live up to Texaco's Proof of Performance' marketing message, both on and off the track. I am pleased to continue my association with the company and its quality products."
 Dunlap added, "Our relationship with Mario Andretti is a valuable asset for Texaco. Our sponsorship of Mario and the Newman/Haas Racing team continues to set Texaco and our products apart from other oil companies. This long-term agreement is an extension of our already successful program, and allows our product sales to further benefit from this association."
 Texaco has a long history of motorsports racing sponsorship. Currently, the Newman/Haas team, comprised of drivers Mario Andretti and Nigel Mansell, is one of the highlights of this program. In addition to Newman/Haas Racing, the company also sponsors the Robert Yates NASCAR racing team with Davey Allison as Texaco's driver.
 -0- 5/28/93
 /CONTACT: Paul Weeditz, 713-752-6475, for Texaco, Inc./
 (TX)


CO: Texaco Inc. ST: tEXAS IN: OIL SU:

LR -- NY046 -- 3465 05/28/93 15:26 EDT
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Date:May 28, 1993
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