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OMC CORRECTS ERROR ON APRIL 23 EARNINGS RELEASE HIGHLIGHTS TABLE

 OMC CORRECTS ERROR ON APRIL 23 EARNINGS RELEASE HIGHLIGHTS TABLE
 WAUKEGAN, Ill., April 24 /PRNewswire/ -- The financial highlights table that accompanied Outboard Marine Corp.'s 1992 second quarter earnings news release issued on April 23 mistakenly showed a 10-cent-per share net loss for the company.
 Outboard Marine Corp. (NYSE: OM) actually achieved net earnings of 10 cents per share in the quarter, as was stated in the news release accompanying the financial highlights table. Here is a corrected financial highlights table:
 OUTBOARD MARINE CORP. 1992 Second Quarter Financial Highlights
 (In Millions except per share data)
 THREE MONTHS ENDED SIX MONTHS ENDED
 March 31, March 31,
 1992 1991 1992 1991
 Net Sales $263.7 $234.4 $456.9 $439.5
 Gross Earnings 64.7 36.7 95.4 64.7
 Earnings (loss) from
 Operations 12.0 (20.4) (2.9) (43.3)
 Earnings (loss) before Income
 Taxes and Extraordinary
 Income 6.6 (29.5) (14.1) (58.5)
 Net Earnings (loss) before
 Extraordinary Income 1.8 (23.6) (16.0) (46.8)
 Extraordinary Income, Early
 Extinguishment of Debt --- 1.0 --- 1.6
 Net Earnings (loss) $ 1.8 $(22.6) $(16.0) $(45.2)
 Per Share (A):
 Before Extraordinary
 Income $ .10 $(1.22) $(.82) $(2.41)
 Extraordinary Income --- .05 --- .08
 Net Earnings (Loss) $ .10 $(1.17) $(.82) $(2.33)
 Average Number of Shars
 Outstanding 19.4 19.4 19.4 19.4
 (A) Computed on average number of shares outstanding in respective periods.
 -0- 4/24/92
 /CONTACT: Wayne E. Jones, VP-Strategic Planning and Investor Relations of OMC, 708-689-5246/
 (OM) CO: Outboard Marine Corp. ST: Illinois IN: LEI SU: ERN


SH -- NY030 -- 2393 04/24/92 11:20 EDT
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Date:Apr 24, 1992
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