Exhibit 24.1


                                POWER OF ATTORNEY


     KNOW  ALL MEN BY THESE  PRESENTS,  that  each  individual  whose  signature
appears below hereby  constitutes and appoints Ronald M. DeFeo and Eric I Cohen,
or either of them, as his true and lawful attorneys-in-fact and agents with full
power of substitution  and  resubstitution,  for him and in his name,  place and
stead, in any and all capacities, to sign the Terex Corporation Annual Report on
Form 10-K for the year ended December 31, 2003 (including,  without  limitation,
amendments), and to file the same with all exhibits thereto, and all document in
connection therewith, with the Securities and Exchange Commission, granting said
attorney-in-fact and agent, and each of them, full power and authority to do and
perform each and every act and thing  requisite  and  necessary  to be done,  as
fully to all  intents  and  purposes  as he might or could do in person,  hereby
ratifying and confirming all that said  attorneys-in-fact  and agents, or any of
them, or their or his substitute or substitutes,  may lawfully do or cause to be
done by virtue hereof.


Signature                      Title                                  Date
- ---------                      -----                                  ----


/s/ Ronald M. DeFeo       Chairman, Chief Executive Officer
Ronald M. DeFeo             and Director                         March 15, 2004
                           (Principal Executive Officer)

/s/ Phillip C. Widman     Senior Vice President -
Phillip C. Widman           Chief Financial Officer              March 15, 2004
                           (Principal Financial Officer)

/s/ Mark T. Cohen         Vice President and Controller          March 15, 2004
Mark T. Cohen              (Principal Accounting Officer)

/s/ G. Chris Andersen     Director                               March 15, 2004
G. Chris Andersen

/s/ Don DeFosset          Director                               March 15, 2004
Don DeFosset

/s/ William H. Fike       Director                               March 15, 2004
William H. Fike

/s/ Donald P. Jacobs      Director                               March 15, 2004
Donald P. Jacobs

/s/ David A. Sachs        Director                               March 15, 2004
David A. Sachs

/s/ J. C. Watts, Jr.      Director                               March 15, 2004
J. C. Watts, Jr.

/s/ Helge H. Wehmeier     Director                               March 15, 2004
Helge H. Wehmeier