Joseph Fimbianti
(201) 573-3113

Richard D. Johnson
(201) 573-3087
FOR IMMEDIATE RELEASE




           Ingersoll-Rand to Purchase Thermo King


Woodcliff Lake, N.J., September 15, 1997 - Ingersoll-Rand
Company (NYSE:IR) today announced that it has signed a
definitive agreement with Westinghouse Electric Corporation
(NYSE:WX) under which Ingersoll-Rand will acquire Thermo
King Corporation, a wholly owned subsidiary of Westinghouse,
for $2.56 billion in cash.  This acquisition is expected to
be accretive to earnings in 1998, the first full year of
combined operations, before considering the impact of any
potential synergies.  The transaction is expected to close
in the fourth quarter of 1997, subject to required
regulatory approvals and other customary conditions.

James E. Perrella, Ingersoll-Rand chairman, president and
chief executive officer, said, "Thermo King, like our 1995
acquisition of Clark Equipment, continues the process of
redefining our company as a diversified equipment and
components company.  Also, Thermo King meets all of our
criteria for strategic acquisition candidates:  businesses
that deliver worldwide market leadership, complement
existing Ingersoll-Rand businesses, and offer excellent
financial results with opportunities for growth."

Perrella continued, "Thermo King is the leader in the
transport temperature control market with a premier brand
name and an excellent management team.  The company's
innovative engineering and manufacturing technology
complement Ingersoll-Rand compressor product technology and
our worldwide supplier base."

He concluded, "Thermo King management has produced excellent
operating results in terms of profitability, asset
management and cash flow, and has positioned the company to
take full advantage of opportunities for growth on a global
basis."

Based in Minneapolis, Thermo King is the world leader in the
transport temperature control business with 1996 sales of $1
billion and net income of $141 million.  The company has a
global presence with about 45 percent of its sales generated
outside North America.  Thermo King operates six
manufacturing facilities in North America, and has other
manufacturing facilities in Brazil, the Czech Republic,
Denmark, Ireland and, through majority-owned joint ventures,
in Spain and China.  The company employs more than 4,700
people and distributes its products through a worldwide
network of more than 850 dealers.

Thermo King designs, manufactures and distributes transport
temperature control systems and service parts for a variety
of mobile applications, including trailers, truck bodies,
sea-going containers, buses and light-rail cars.  The
systems are used to safely transport food, pharmaceuticals,
flowers, electronic equipment, medical supplies, and other
temperature-sensitive products, as well as to provide air-
conditioned comfort for people transport.  The company
founded the transport temperature control market almost 60
years ago and has been the industry leader ever since.

Ingersoll-Rand's bankers have agreed to provide the initial
short-term funding for the acquisition. It is anticipated
that permanent financing will include medium-term debt and
approximately $600 million of equity-linked securities.  The
rating for Ingersoll-Rand debt is expected to be A- from
Standard and Poor's.

Ingersoll-Rand Company is a major diversified industrial
equipment and components manufacturer.  Its product lines
serve a wide range of industrial and commercial markets
worldwide.  The company employs approximately 47,000 people.
Further information on Ingersoll-Rand can be found on the
company's World Wide Web site at www.ingersoll-rand.com.

Certain statements in this news release are forward-looking
statements which are based on the company's current
expectations and, therefore, involve risks and
uncertainties.  In order to comply with the Private
Securities Litigation Reform Act "safe harbor" for forward-
looking statements, the company notes that a variety of
factors could cause actual results and experience to differ
materially from the anticipated results or expectations
expressed in these forward-looking statements.  These
factors include interest rate and currency fluctuations,
taxes, competitive conditions and general economic
conditions.