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RNS No 4741f
EATON CORPORATION
9 April 1999


         Eaton Completes Acquisition of Aeroquip-Vickers, Inc.
     
     CLEVELAND--(BUSINESS WIRE)--April 9, 1999--Eaton Corporation
(NYSE:ETN) today said it will complete at the close of business today
the acquisition of Aeroquip-Vickers, Inc. (NYSE:ANV), a global
manufacturer of engineered components and systems for industrial,
aerospace and automotive markets, for $1.7 billion.

     Today's announcement follows overwhelming acceptance of a $58 a
share offer for all outstanding shares by Aeroquip-Vickers
stockholders at a special meeting held in Maumee, Ohio, yesterday.

     Stephen R. Hardis, Eaton Chairman and Chief Executive Officer,
said, "When we announced our intent to acquire Aeroquip-Vickers on
February 1, we indicated that this transaction was designed to give us
global leadership in mobile and industrial hydraulics, as well as in
the area of hoses and couplings. The more we learn about the
organization, the more encouraged we have become about our global
prospects.

     "We have used the interim period between the February 1, 1999
announcement and the conclusion of the transaction today to plan the
most effective means of integrating these businesses with Eaton's
existing franchises. We have done this by creating teams comprised of
full-time, proven managers from within Eaton and Aeroquip-Vickers, and
their task is to study organizational, manufacturing and marketing
alignments in order to determine the most effective ongoing structure
for these businesses. We are very pleased with the speed at which the
teams are moving, and the progress they are making.

     "What these teams have seen to date increases our confidence that
this acquisition will create over $1 billion of value for our owners.
We will soon be announcing the organizational structure for the
combined operations. That leadership, working with the integration
teams, will be responsible for achieving the operational synergies we
have identified and for setting the future direction of these
businesses."

     Aeroquip is a global leader in the manufacture of products that
include all pressure ranges of hose, fittings, adapters, couplings and
other fluid connectors, plus precision molded and extruded plastic
products.

     Vickers is a leading worldwide producer of hydraulic pumps,
motors and cylinders; electronic and hydraulic controls; electric
motors and drives; filtration products; and fluid-evaluation products
and services. The two companies had combined sales of $2.1 billion for
1998.

     Eaton Corporation is a global manufacturer of highly engineered
products that serve industrial, vehicle, construction, commercial and
semiconductor markets. Principal products include electrical power
distribution and control equipment, truck drivetrain systems, engine
components, hydraulic products, ion implanters and a wide variety of
controls. Headquartered in Cleveland, the company has 49,500 employees
and 155 manufacturing sites in 25 countries around the world. Sales
for 1998 were $6.6 billion. These numbers do not reflect the effect of
the Aeroquip-Vickers, Inc. acquisition. The Internet address for Eaton
is: http://www.eaton.com/

     The forward-looking statements in this news release should be
used with caution. They are subject to various risks and
uncertainties, many of which are outside the control of the companies.
Important factors which could cause actual results to differ
materially from those in the forward-looking statements include
changes in global economic and financial conditions, labor strikes,
the markets for hydraulics, hose and couplings around the world and
Eaton's ability to successfully implement the integration.
     
     CONTACT:  Eaton Corporation, Cleveland
               Renald M. Romain, 216/523-4736
     
     KEYWORD:  OHIO WISCONSIN
     INDUSTRY KEYWORD:  COMPUTERS/ELECTRONICS COMED AUTOMOTIVE
     AEROSPACE/DEFENSE MERGERS/ACQ
     

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